Born To Be in Real Estate

Welcome to "Born to Be in Real Estate" with Drew Born! Join Drew, a seasoned broker at Remax Commercial, as he shares his wealth of experience and insights from the real estate world. Dive into captivating stories from his past and explore exciting future endeavors in the industry. Whether you're a seasoned professional or just curious about real estate, this podcast is your go-to source for inspiration and knowledge. Tune in and discover what it truly means to be born to be in real estate!

Transcript

00;00;00;00 - 00;00;10;07
Unknown
I.

00;00;10;07 - 00;00;26;25
Unknown
little bit of a hiatus, I would say. Yeah. Ever since Chris had a baby. Oh, he doesn't care about me anymore. Well, no, I'll say this. I went on a sabbatical. Okay. I was listening to some podcast rounding up my game and everything, so I did a little Rogan, little Charlie Kirk, little part of my take.

00;00;26;27 - 00;00;31;13
Unknown
So trying to learn from the best. What? What is the one called founders?

00;00;31;13 - 00;00;46;14
Unknown
It's really good. Eric, put me on to. And then, two bears. Oh. He's great, but I listen to two bears. One cave with. It's like Bert Kreischer and Tom Segura. Also great, but usually a lot of Joe Rogan.

00;00;46;14 - 00;00;48;18
Unknown
Joe Rogan.

00;01;04;17 - 00;01;14;21
Unknown
founders is cool. It's like this guy reads a book and it'll be about, Michael Jordan or I'm trying to think the.

00;01;14;23 - 00;01;21;07
Unknown
I can't even think of any of the people right now. It's kind of embarrassing, but he reads a book and then he breaks it down on the podcast. It's really good.

00;01;21;07 - 00;01;37;17
Unknown
He just does book by book. Yeah. try to Munger find random founders throughout history of different people is really good. That's pretty cool. well, let me introduce our guest, from Remax, also my cousin Dearborn.

00;01;37;24 - 00;01;40;10
Unknown
So thanks for joining us today. Absolutely.

00;01;40;10 - 00;01;45;20
Unknown
Yeah, I remember that day. What was it, 2018, when I met you and

00;01;45;20 - 00;01;59;26
Unknown
Haley. Yeah. Oh, cool. This is a great story. So, do you know the backstory on this? I knew there was something. Some sort of connection. I always forget what it is. I'll let you explain. Because even the family like tree, I get lost in it.

00;02;00;03 - 00;02;00;11
Unknown
Yeah,

00;02;00;11 - 00;02;12;23
Unknown
well, we have a diverse family, so it'd be my cousin. Is your wife's dad. So my cousin was, you know, 60 something.

00;02;12;23 - 00;02;16;08
Unknown
That's right. Yeah. So quite a

00;02;19;17 - 00;02;25;28
Unknown
dad? Yeah. My father in law. Not your cousin. Yeah. No, but just easier. Yeah. You second cousins.

00;02;25;28 - 00;02;29;18
Unknown
You guys can still get married if you wanted to.

00;02;29;20 - 00;02;30;11
Unknown
I mean,

00;02;30;11 - 00;02;36;02
Unknown
I'm happily married. Yeah. No. Not really. But anyway,

00;02;43;18 - 00;02;47;24
Unknown
or are you worried who is the other Chris friends or. No. Well, no. Yeah. Once I

00;02;52;23 - 00;02;55;03
Unknown
whatever and and so

00;03;02;06 - 00;03;06;22
Unknown
I get a lot of eggs Benedict, like, it's probably like once a quarter I get an email from him.

00;03;06;23 - 00;03;08;20
Unknown
Nothing juicy. I'm waiting for

00;03;08;20 - 00;03;10;17
Unknown
it. Still some good

00;03;10;17 - 00;03;16;14
Unknown
ones because Andrew Nelson, Andrew born nerdy, they hit the wrong guru on there. So there's I've

00;03;16;14 - 00;03;19;08
Unknown
got insider info. Yeah.

00;03;19;08 - 00;03;24;26
Unknown
Anything you all share? Sorry. And,

00;03;31;07 - 00;03;33;16
Unknown
address. I'll gladly pick up the check, though.

00;03;35;17 - 00;03;37;17
Unknown
So this episode is about nepotism

00;03;44;15 - 00;03;50;16
Unknown
Yeah. Tell us who drew you introduce Pat.

00;03;50;16 - 00;03;56;03
Unknown
Pat Bedsole and I met in, college, but been my junior year.

00;03;56;03 - 00;03;57;10
Unknown
Where did you guys go?

00;03;57;10 - 00;04;05;03
Unknown
hope? Oh, yeah. He graduated. I didn't, but then we said of Mike, hey, I'm going to go film podcast.

00;04;05;03 - 00;04;12;08
Unknown
He's like, I want to see how they do this. So Pat runs our family office and make sure that I don't do anything dumb or spend any money. I don't spend.

00;04;12;08 - 00;04;16;16
Unknown
Nice. How long have you guys been running together? Did you say,

00;04;16;16 - 00;04;21;03
Unknown
well, past been running. Oh, I don't run anything. They he just make sure I don't do anything

00;04;21;03 - 00;04;26;25
Unknown
That's a full time job. And I come up with a really great idea

00;04;44;08 - 00;04;47;12
Unknown
Yeah, I get that. I'm that way too.

00;04;47;14 - 00;05;02;25
Unknown
Yeah, I get all excited about the idea. And then it's like, well, sometimes you could just get excited about the actual real estate and you're like, this is get real estate. We have that. We gotta figure this out. And then you look at it and you're like, there's no figuring this out. No, that doesn't work. It doesn't work.

00;05;03;02 - 00;05;08;14
Unknown
You know? So how long have you guys been or working together? How have you say it?

00;05;08;14 - 00;05;18;26
Unknown
I've been familiar with his inner workings of the the family for 14 years. Yeah, something like that. So that's pretty well all the way back.

00;05;18;26 - 00;05;22;10
Unknown
Where are you originally? From the east side. He says. Yeah.

00;05;22;10 - 00;05;24;17
Unknown
Are you asking him that because he's Asian,

00;05;24;17 - 00;05;35;24
Unknown
country? Yeah. The parts bro. Yeah. We're going to take a picture of Michigan's most favorite Asian.

00;05;35;26 - 00;05;46;06
Unknown
We're going to take a picture of your face. And that's going to be like the podcast, like the logo for this episode. We don't oh it's off of that.

00;05;46;06 - 00;05;55;15
Unknown
you guys, many Chris and Drew met each other too. That is that one. It was 2018. So when you marry your wife, two are you.

00;05;55;15 - 00;05;58;13
Unknown
know. Oh, I think we had met probably had a couple car events

00;05;58;13 - 00;06;00;18
Unknown
or something. I'm sure. Okay. We became

00;06;00;18 - 00;06;03;04
Unknown
friends after they started dating.

00;06;04;09 - 00;06;14;18
Unknown
I because I think the first time I actually met you was at the Car Awards when you won, like, the biggest industrial deal of the year. Yeah, I still remember that. And then. Yeah, then it was over at O'Toole's.

00;06;14;20 - 00;06;27;12
Unknown
Yeah. On the West side probably were on that. Yeah, yeah. So rewind us from there. Drew born is born. Yeah. So give us a give us your life story. Oh, okay. Great. So I knew from the start, I

00;06;27;12 - 00;06;34;27
Unknown
grew up in a family of doctors, and my mom, my dad were doctors. Had the burn clinic on 44th Street growing up.

00;06;35;00 - 00;06;45;18
Unknown
And, my dad passed away when I was eight. so my mom, as a doctor as well, too, they had just built the new practice at that point in time, and,

00;06;45;18 - 00;06;49;02
Unknown
52nd. Where or where were you? Where were they? I'm 44 right now.

00;06;49;02 - 00;06;55;01
Unknown
Regis. Oh, right. Yeah. Entrance to, like, the Hidden Lakes Apartments right there. Yeah. So I'm

00;07;04;04 - 00;07;06;22
Unknown
DNA. Was there? Yeah. That whole strip center. It

00;07;14;01 - 00;07;14;24
Unknown
Okay.

00;07;16;10 - 00;07;20;10
Unknown
7-Eleven, 7-Eleven. Was there a lot of those that are one?

00;07;20;10 - 00;07;34;08
Unknown
I had one, yes. Same. Yeah. I went to Crestwood. So you were right there. Yeah. Like the half day half days would be 7-Eleven and Village and pizza. Or maybe if you're ambitious, all the way down to Mr. Burger. Yeah. Mr.

00;07;34;08 - 00;07;38;13
Unknown
fables was around a lot at that time. You know, they had a couple there, but.

00;07;38;16 - 00;07;59;28
Unknown
So my parents had built in 1998. They built the new place, on 52nd East Paris. the opening day for the new place was like middle of September. My father passed away October 1st, where my mom had to even sign the, construction loan over a mortgage yet. So my

00;07;59;28 - 00;08;01;04
Unknown
yikes.

00;08;01;04 - 00;08;04;12
Unknown
you know, half her practice is gone because her husband just passed away.

00;08;04;12 - 00;08;10;25
Unknown
Who was her partner? A doctor, and just took over a 20,000 square foot medical facility.

00;08;10;25 - 00;08;14;17
Unknown
So how large were they? 44. Like how many doctors total?

00;08;14;17 - 00;08;21;08
Unknown
I think for three. Kind of, ish, right. There was a lot of doctors in and out

00;08;21;08 - 00;08;22;02
Unknown
of there. Yeah,

00;08;49;19 - 00;08;51;07
Unknown
Oh, yeah. Right. Duke's

00;08;51;07 - 00;09;12;05
Unknown
the one that's going to be listening to us. So I grew up working on a lot of the soil and farms and helping all of them out. And then, went to whole college with the potential of being a doctor. while I was at Hope, they started a program called the Hope Entrepreneurial Institute, which was a basically, they paid students with good ideas.

00;09;12;05 - 00;09;39;18
Unknown
Yeah, to win a business plan competition. And then they paid students with good ideas to start their businesses over the summer. So they just paid the minimum wage, 400 bucks a week to start your business. And they had speakers come in and, you know, teach lessons. I had lawyers and real estate guys and, business owners come in and just teach stuff, but then also give you the tools and resources, not any capital to, like, get your business going.

00;09;39;18 - 00;09;57;17
Unknown
That's where I met Pat originally, and I was one of 2 or 3 businesses that came out of there making money. And so at that point in time, I'm like, well, I don't really want to be a doctor anymore. I kind of like the business world. And I was I really like numbers and spreadsheets. So I had worked a lot in those.

00;09;57;19 - 00;10;08;19
Unknown
And, I switch my degree from medical to business. And then I realized I really don't want to go to college at all.

00;10;08;19 - 00;10;12;15
Unknown
Oh, what was your business idea in that class or that that program?

00;10;12;16 - 00;10;13;06
Unknown
Oh,

00;10;13;06 - 00;10;25;03
Unknown
this is 2010. So it's weird to think about. Facebook was still fairly new. I think Facebook came around 2018 ish and there was no live streaming on the internet whatsoever.

00;10;25;05 - 00;10;49;08
Unknown
And I had some really good developers, and we built a live streaming platform. Originally, it started off I put live streaming cameras on whitetail deer, which is what I was raising at the time. And then that turned into I could also get reindeer. And after a couple of libations, I had a great idea to put reindeer on live streaming camera and dressed up like Santa and go out and feed them and

00;10;49;08 - 00;10;52;24
Unknown
Sound really stupid sled. It worked. So,

00;10;54;02 - 00;10;56;07
Unknown
that's so the first year

00;11;37;22 - 00;11;38;23
Unknown


00;12;29;01 - 00;12;29;27
Unknown
sure,

00;12;55;20 - 00;13;02;15
Unknown
What kind of cars? Verizon GM nice. And so new. Not new end user. No. Just no.

00;13;16;02 - 00;13;17;09
Unknown
robberies,

00;13;21;25 - 00;13;22;12
Unknown
$60,

00;13;25;16 - 00;13;27;13
Unknown
Yeah, yeah. Big deal. And he's,

00;13;52;02 - 00;13;54;13
Unknown
what are you doing here? I'm like, that's

00;14;12;22 - 00;14;13;14
Unknown
yeah,

00;14;29;29 - 00;14;31;23
Unknown
Where do you think that was instilled?

00;14;48;24 - 00;14;49;13
Unknown
so I would,

00;14;57;13 - 00;14;58;05
Unknown
Yeah.

00;15;04;28 - 00;15;05;15
Unknown
Yeah, go

00;15;05;15 - 00;15;10;08
Unknown
fishing with them or hunting with them or whatever it was, and just learn from them.

00;15;10;11 - 00;15;13;26
Unknown
Who is your your. You told me the story before, but who is your neighbor next door to you?

00;15;13;26 - 00;15;18;24
Unknown
To who? If I didn't, he have a big impact on your early childhood? So we had a

00;15;18;24 - 00;15;33;07
Unknown
nanny growing up forever. and her and her husband were just vital parts of my life. but they were, I mean, I don't think my mom could have done it or raised us

00;15;33;09 - 00;15;33;26
Unknown
Sure.

00;15;33;26 - 00;15;36;04
Unknown
I think it was running a full time business.

00;15;36;04 - 00;15;37;26
Unknown
Yeah, right. Yeah, I just have it.

00;15;44;26 - 00;15;45;14
Unknown
Yeah,

00;15;46;09 - 00;15;49;11
Unknown
so it was nice. Did you go to. You went to south to that.

00;15;49;14 - 00;15;50;25
Unknown
And so I don't know that.

00;15;52;27 - 00;15;56;27
Unknown
That's that's my my concern right

00;15;56;27 - 00;16;01;11
Unknown
now. Yeah I mean I know it's great going on. I mean it seems like yeah all of them are doing

00;16;18;00 - 00;16;19;07
Unknown
all the way through high school, you

00;16;21;02 - 00;16;23;00
Unknown
that's cool opportunity. I mean, it was,

00;16;27;24 - 00;16;28;09
Unknown
Yeah. My

00;16;30;12 - 00;16;31;03
Unknown
I

00;16;31;03 - 00;16;33;12
Unknown
know schools are a lot bigger now but

00;16;33;12 - 00;16;35;08
Unknown
what year did you graduate high school.

00;16;35;08 - 00;16;36;05
Unknown
2008.

00;16;37;21 - 00;16;46;03
Unknown
Are you an 89 or 99. 90 maybe. Nice. Okay. Yeah I'm far from oh 788.

00;16;46;03 - 00;16;53;06
Unknown
Yep. I was young for my young for my age. But just that's thought I knew where I was going and that's kind of it. But

00;16;53;06 - 00;16;58;05
Unknown
why. Waste of time. Yeah. Okay. So you're meeting with John Postma. Sorry. Like listen like

00;16;58;05 - 00;17;01;08
Unknown
John I'm gonna do this like I want to learn from the best.

00;17;01;10 - 00;17;17;11
Unknown
And but I'm not I don't want to do residential. I knew that. So I did do residential for a little bit knowing that it was only going to be a temporary thing. And I just wanted to because I wanted to know everything about real estate. And I want to know, I mean, I don't I don't know, they're not commercial realtors that do $60 million sales a year.

00;17;17;11 - 00;17;18;25
Unknown
know the dream role.

00;17;18;27 - 00;17;21;17
Unknown
Yeah. Like what? What are you doing? How do you

00;17;37;10 - 00;17;38;10
Unknown
so what would he do,

00;17;40;24 - 00;17;41;28
Unknown
Yeah. Like,

00;17;54;24 - 00;17;55;02
Unknown
was really

00;18;03;02 - 00;18;03;15
Unknown
Yeah.

00;18;16;28 - 00;18;17;15
Unknown
it is

00;19;01;07 - 00;19;02;18
Unknown
ten. And you

00;19;03;16 - 00;19;04;00
Unknown
and

00;19;10;19 - 00;19;11;05
Unknown
early on.

00;19;11;06 - 00;19;12;23
Unknown
That's cool I like that just

00;19;17;03 - 00;19;17;16
Unknown
Yeah.

00;19;38;19 - 00;19;39;12
Unknown
what about

00;19;50;07 - 00;19;51;20
Unknown
like,

00;19;51;20 - 00;19;53;08
Unknown
so like now I don't know.

00;19;53;08 - 00;19;54;18
Unknown
well what is it like?

00;19;54;20 - 00;20;00;06
Unknown
Okay. Yeah. I'll take it out of my commission, I don't care. I ain't ever been attracted to whatever color you want for

00;20;00;06 - 00;20;03;17
Unknown
$3,500 and you're, like, telling me, no, I'm like, this is stupid.

00;20;03;17 - 00;20;08;07
Unknown
Like, and I just it drove me nuts having that emotional side of it. And I really,

00;20;08;07 - 00;20;11;27
Unknown
you know, wasn't I knew it wasn't going to be for me going into it, but

00;20;11;27 - 00;20;12;27
Unknown
it was all sure

00;20;12;27 - 00;20;22;05
Unknown
learning lesson because. So, you know, we've all dealt with that 80 year old man that's had this business for 30 years and thinks it's worth a million bucks when you know the buildings when they work.

00;20;22;05 - 00;20;30;08
Unknown
250 and there's no value in the business whatsoever, you're still going to have a motion. And so, you know, it taught me some patience and taught me still how to deal with that.

00;20;30;16 - 00;20;31;01
Unknown
Yeah.

00;20;31;01 - 00;20;47;24
Unknown
Yeah. There's definitely definitely still emotion in the commercial side too. Yeah. It's a it's a usually a lot of shirts. It's you're not going to just not look at something because it doesn't feel right I guess. But it's still a lot of it's an emotion.

00;20;47;24 - 00;20;48;07
Unknown
Yeah.

00;20;48;22 - 00;21;07;06
Unknown
Yeah. Motion gut feeling. And kind of in that transition period, the one thing that I learned the most, especially because this was like 14, 15, 15. Right. And there's kind of when I started transitioning, you know, rates were just starting to get good again. Banks were just really starting to land more.

00;21;07;08 - 00;21;25;29
Unknown
You know, it was a great opportunity to start buying things. The one thing that I learned from having a brother in the auto dealership side who is was a phenomenal sales guy, is I learned that there's always a way to get the deal done, like he my brother, would never give up on the financing side until we found a bank to buy the deal.

00;21;25;29 - 00;21;26;25
Unknown
Sure, there's

00;21;35;00 - 00;21;35;16
Unknown
Yeah, like

00;22;05;05 - 00;22;06;04
Unknown
done. Yeah,

00;22;06;04 - 00;22;13;22
Unknown
that was a very valuable part. Coming from the auto side into real estate side is there's there's always a way to make this deal work.

00;22;13;22 - 00;22;26;29
Unknown
That's a good mindset to have because I when I was in my time at Colliers, I think Duke would have the similar approach where he was like, hey, I know, I know, certain bankers I can really call and they'll put this deal together or like, I know, you know, I need some quick title work.

00;22;26;29 - 00;22;30;27
Unknown
Okay? He had his guys would always be able to pull together last minute for him,

00;22;30;27 - 00;22;31;08
Unknown
know

00;22;31;08 - 00;22;44;07
Unknown
and and there's just. Yeah, there's different risk appetite from every single lender of hey, we're already heavy in multifamily. So yeah, we'll look at industrial owner occupant right now and get aggressive on that. But maybe so it's always

00;22;44;07 - 00;22;45;06
Unknown
going

00;22;45;13 - 00;22;47;13
Unknown
Like you know Bank of America loves cash flow.

00;22;47;15 - 00;22;50;15
Unknown
Like if you're a high cash individual and you have cash flow, you know, they're going to,

00;22;50;15 - 00;22;51;12
Unknown
they'll you know want to

00;23;03;26 - 00;23;04;16
Unknown
Yeah. It

00;23;04;16 - 00;23;18;03
Unknown
It's like knowing that and knowing you're an industrial dealer, high casual individual who just, you know, wants to buy as much, but probably they'll they'll tackle it RV whereas other banks, it's getting kind of hard to lend out there. You know

00;23;18;03 - 00;23;18;29
Unknown
it's

00;23;18;29 - 00;23;23;28
Unknown
it's hard for them. Yeah. I mean financing right now that's a that's a big thing.

00;23;23;28 - 00;23;32;05
Unknown
Right. It and pretty much every deal whether it's ground up retail or just refi anything, it's like it's top.

00;23;32;05 - 00;23;39;11
Unknown
I you just were talking about it like I think I did had six land contract deals my entire career. In the last six months I think I've done 12.

00;23;39;11 - 00;23;40;17
Unknown
Yeah. After.

00;23;40;17 - 00;23;42;23
Unknown
know, I think kind of you're seeing it more and more.

00;23;42;23 - 00;23;43;12
Unknown
Yeah.

00;23;56;01 - 00;24;02;18
Unknown
I think it's stable. I don't see it changing. I mean, but it's not. It's not going up, but they're going to keep it right where it is.

00;24;02;18 - 00;24;03;07
Unknown
Yeah.

00;24;03;29 - 00;24;07;17
Unknown
Yeah. And honestly like as long as you can plan for it to like

00;24;07;25 - 00;24;11;25
Unknown
six isn't a bad rate. That's what I mean. I don't mind 6% interest rate,

00;24;11;25 - 00;24;14;06
Unknown
385 was a good rate 385 up

00;24;14;06 - 00;24;26;06
Unknown
one. That was a good rate. The glory days. Did you go to CCI or I okay I don't you didn't I didn't make it this year.

00;24;26;09 - 00;24;34;04
Unknown
is the wife's birthday. We went to Mexico instead. So that's that was a that's a lot better than I see. I see I heard the show was there.

00;24;41;15 - 00;24;41;28
Unknown
Yeah,

00;24;41;28 - 00;24;45;21
Unknown
just wondered if you heard anything cool or any ideas that people are doing.

00;24;45;21 - 00;25;05;13
Unknown
I've just heard some freestanding retailers are just sitting there from a sales perspective and they can't trade them. Yeah. Like I'm it's just getting harder and harder. I think the issue too is I think I think you have so many people just still sitting on the sidelines with cash saying as soon as stuff goes down, I'm going to just go in there and start spending money.

00;25;05;16 - 00;25;08;02
Unknown
I think there's a lot of guys sitting on the sidelines still

00;25;08;02 - 00;25;08;23
Unknown
for sure.

00;25;08;24 - 00;25;27;12
Unknown
Well, for sure, I mean, you see it like in I'm sure in any of your transactions too, where it's like there's somebody to buy the even if there's even if there's issues with it, there's somebody that's willing to take it on and solve the problem. So it's like there's definitely not that's a that's where I just don't see prices coming down.

00;25;27;12 - 00;25;28;00
Unknown
And it's like if

00;25;28;00 - 00;25;29;25
Unknown
not, I don't know

00;25;29;25 - 00;25;35;16
Unknown
if interest rates down came down, like, prices are just going to keep going up.

00;25;35;16 - 00;25;38;12
Unknown
You can't build that for you can buy it for.

00;25;38;12 - 00;25;39;05
Unknown
Yeah. Yeah.

00;25;39;05 - 00;25;51;24
Unknown
But you, you hear like these aggressive growth plans from the retailers and you hear like gosh I can't remember who is posting articles on it of, multi-tenant retail centers.

00;25;51;24 - 00;26;01;24
Unknown
And, you know, they're they're all full, but it's like, go, go look at the numbers up, putting a new one up. And it's like, everyone's got to be 35 bucks a square foot. Plus,

00;26;01;24 - 00;26;08;17
Unknown
And you can do it for Ncap drive thrus. But in line space. Yeah okay. Okay. In the shop. Yeah. In line space at 35.

00;26;08;17 - 00;26;14;11
Unknown
Who can beat the sports club. So the great clubs paying 35 bucks a square foot like you. The numbers just don't make sense.

00;26;14;11 - 00;26;27;01
Unknown
Yeah. So that's a that's where it's slowing down. But then it's like so that the guys that did buy two you're like okay refi and that type of thing. But am I opinion they probably still have room and rents because

00;26;27;01 - 00;26;27;21
Unknown
even with the

00;26;33;21 - 00;26;34;06
Unknown
No.

00;26;34;06 - 00;26;35;03
Unknown
at a lower rate.

00;26;35;07 - 00;26;45;08
Unknown
No, not at all. So it's going to it'll be interesting to see how it plays out. And then maybe it just plays into that stay stagnation or whatever. They call it stagflation.

00;26;45;08 - 00;26;52;25
Unknown
I think in West Michigan we're uniquely positioned to I mean, we're just rated the highest industrial market. We do have a lot of people

00;26;52;25 - 00;26;54;08
Unknown
I was wonder about those things.

00;26;54;08 - 00;26;58;15
Unknown
I'm like, is that real or do we pay like the end of

00;27;04;01 - 00;27;04;26
Unknown
Sure,

00;27;06;17 - 00;27;09;00
Unknown
100,000. Yeah. Like

00;27;14;26 - 00;27;15;08
Unknown
Yeah,

00;27;15;23 - 00;27;21;01
Unknown
yeah. We're pushing a nine, ten bucks a square foot for now depending on size. But

00;27;21;01 - 00;27;26;25
Unknown
but the issue is even if you want to build where can you build. Because where's the infrastructure that anywhere around town.

00;27;26;25 - 00;27;29;14
Unknown
infrastructure but we have the land. We just don't have the

00;27;29;14 - 00;27;32;23
Unknown
the. Yeah. I mean, you look at how long all the Nash has sat there.

00;27;32;23 - 00;27;50;09
Unknown
I'm glad it's finally going to start. Dirt's going to move at some point, but it's like that land sat there for way too long. Have you heard what they put in there? Yeah. No, I got gas gases. Have, you know, I've got to maybe tune in next podcast. We'll find out. I gotta get this. Yeah.

00;27;50;09 - 00;27;52;21
Unknown
Yeah. No, it's,

00;27;52;23 - 00;27;57;06
Unknown
Oh. Did you see the the water tower that got listed?

00;27;57;06 - 00;28;10;21
Unknown
Yeah. I saw it was like 4 million bucks or something. 7 million bucks. Yeah. That's super true. You made it like on a water tower. Yeah I yeah I sent it to Holland. Oh. Water tower. You guys

00;28;10;21 - 00;28;16;11
Unknown
Really? Yeah. It's built in 1940 or something. I want to buy one in door.

00;28;16;14 - 00;28;18;11
Unknown
I mean, I kind of live in door.

00;28;18;11 - 00;28;35;08
Unknown
I said to my Chinese clients and see if they want to buy some landmark. You can get it like. Yeah, not this, but by the infrastructure in America. Forget the battery factory. Yeah. You could build up in Big Rapids. Dubai. This is that

00;28;35;08 - 00;28;38;15
Unknown
is that on again or off again

00;28;38;15 - 00;28;46;28
Unknown
every day. So I'm on a, board on there, so kind of not for the battery plant.

00;28;46;28 - 00;28;47;14
Unknown
I mean,

00;28;47;14 - 00;28;51;06
Unknown
so you're not for Chris brokering the water tower

00;28;51;06 - 00;29;01;08
Unknown
know, to the Chinese. Pat, what about the Far East? You got any more friends over there?

00;29;01;11 - 00;29;06;00
Unknown
Yeah, I it's like I get one month and I forget that was funny in the morning.

00;29;06;00 - 00;29;21;19
Unknown
But there's I mean, the problem with the battery plant is like even look at the LG plant in Holland, they're coming in and offering people five, ten bucks an hour more than Hayworth. And you know, and Yang Feng and all the other big, industrial

00;29;21;22 - 00;29;24;16
Unknown
Okay. But devil's advocate, like, why is that bad?

00;29;24;16 - 00;29;26;12
Unknown
Not saying it is. Yeah. What

00;29;30;24 - 00;29;31;10
Unknown
Sure.

00;29;31;10 - 00;29;32;05
Unknown
sure. It's awesome.

00;29;32;05 - 00;29;42;12
Unknown
I mean, it's just forcing inflation to go higher, faster. And I mean, they're putting I can't remember how much. It's like $1 billion expansion wasn't it.

00;29;42;12 - 00;29;52;15
Unknown
Yeah. LG LG and then what is what's Goshen going to cost. Any idea the say 9 billion. She's I mean square feet. Is that good to me I don't

00;29;52;15 - 00;29;53;09
Unknown
remember it's

00;29;53;09 - 00;30;10;29
Unknown
It's a lot though. And right now it's on the judges said it. The judges said that they couldn't stop because they set up like it was actually. Really, while it's kind of fun to, like, read about it, they set up there right now it's the county that does the zoning.

00;30;10;29 - 00;30;11;27
Unknown
Is that right?

00;30;11;27 - 00;30;15;04
Unknown
The township, the Green Townships, the township adds in,

00;30;15;04 - 00;30;24;24
Unknown
but they set up there. They didn't have a zoning board, so it went to somebody else. Right. And then they scrambled and set up their own zoning plan and approved. It had a board

00;30;24;24 - 00;30;33;05
Unknown
The township had a board. And they during the 22 election, every single board member got replaced because the people didn't want it.

00;30;33;05 - 00;30;46;01
Unknown
So the board came in and approved it and then they were fed up with the fact that the community said, no, we don't want this here. And, you know, kicked them all out.

00;30;46;01 - 00;30;52;27
Unknown
So what is what is there? What like why why did they choose Big Rapids? Any idea of like,

00;30;52;27 - 00;30;57;01
Unknown
shape ground? I mean, the board that they could control and get it done with.

00;30;57;01 - 00;31;01;16
Unknown
I mean, I mean, it's a it's costing us, the taxpayer, the money.

00;31;01;16 - 00;31;02;12
Unknown
Yeah.

00;31;02;12 - 00;31;16;16
Unknown
mean, we're the ones subsidizing the whole thing to let it happen. So I mean, they get in tax breaks and everything else with it that it's really it's your tax dollars that are subsidizing the fact that they are there, which is more of a bigger problem.

00;31;17;07 - 00;31;22;05
Unknown
And the, the, the issue for people is that we are subsidizing it.

00;31;22;06 - 00;31;32;28
Unknown
And then it's, Chinese owned entity or global entity. So basically we're subsidizing the Chinese government. Gotcha, gotcha.

00;31;32;28 - 00;31;44;07
Unknown
we're subsidizing it. We're making it so they don't have to pay the taxes. So that means they can pay their people more. That makes it that we're going to lose employees to them all the way down trickle down effect.

00;31;44;12 - 00;31;46;05
Unknown
Yeah. And it's just not

00;31;46;14 - 00;31;48;05
Unknown
being as close to it as you are.

00;31;48;05 - 00;31;55;28
Unknown
Like, is it do you think it happens? Doesn't happen I don't know. Yeah, I would say no. You don't think it will happen no harm.

00;31;55;28 - 00;31;57;13
Unknown
and I

00;31;57;13 - 00;32;10;06
Unknown
frankly is there because. Yeah, the reason why I don't want it to happen is the environmental. I was going to say couple more water on the ground. The Nestlé does like Nestle. It's not very far. Is that the ice mountain?

00;32;10;06 - 00;32;11;18
Unknown
Yeah. Yeah yeah. Okay.

00;32;11;18 - 00;32;15;19
Unknown
You know and no no, no free no free ads

00;32;15;19 - 00;32;16;22
Unknown
Yeah exactly.

00;32;27;27 - 00;32;30;12
Unknown
would you, would you have this same.

00;32;30;12 - 00;32;51;27
Unknown
So if it was say Ford behind this or some other major American based conglomerate, would you have the same types of issue from an environmental standpoint? Sure. From that. But like would you go and I don't I don't even know what they mean. Like I know it's a batteries but I don't know

00;32;51;28 - 00;32;53;24
Unknown
What is it with you know.

00;32;59;26 - 00;33;00;22
Unknown
okay.

00;33;00;24 - 00;33;05;14
Unknown
So that goes in cars and yeah all the new batteries okay.

00;33;05;14 - 00;33;07;17
Unknown
Gotcha. But there's already a plant

00;33;07;17 - 00;33;25;24
Unknown
in Indiana doing the same thing. Yeah. that's a tough one like I, I, I actually can see both sides of that. Like the subsidy part of it I understand like that's annoying. But then I'm also like like it's going to, it's coming either way in some way.

00;33;25;24 - 00;33;27;23
Unknown
It's either here or yeah

00;33;27;23 - 00;33;37;16
Unknown
I'm on both sides of it. Like I see it like you can't. I love to see the development, love to see the expansion, allowed to see new jobs and big rapids and revitalize Northern Michigan would be great.

00;33;37;16 - 00;33;38;10
Unknown
I mean, that

00;33;38;10 - 00;33;39;21
Unknown
that's cool. Yeah. I'm

00;33;41;16 - 00;33;42;04
Unknown
Yeah,

00;33;42;04 - 00;33;57;25
Unknown
I think there's a better way to do it than subsidies and everything else. So you pay one who needs it or something like that. Not, full on tax breaks. Sure. Which I'm sure it's an incredible amount. Yeah. I mean, it would for a nine.

00;33;57;25 - 00;34;13;07
Unknown
You said 9 billion? I think so. Is wow. Still a lot of money. Crazy. And you're on a board for that. Yes. Yes. Meet at the Berkshire.

00;34;13;09 - 00;34;34;08
Unknown
no I just nation that just basically support Green Township vineyards. That could help like but I, I also think too just from like an economic standpoint all of the general contractors from probably what, 75 mile radius are going to be pulled to that job, right? They're all from out of state. What they bring out of state people.

00;34;34;08 - 00;34;35;14
Unknown
Okay. I think that's

00;34;35;14 - 00;34;37;27
Unknown
I mean, you got factory yards.

00;34;37;28 - 00;34;41;09
Unknown
That's suppose has that kicked off or is supposed to kick off.

00;34;41;09 - 00;34;42;26
Unknown
amphitheater,

00;34;44;28 - 00;34;46;22
Unknown
Yeah. massive projects on.

00;34;46;22 - 00;34;51;25
Unknown
Yeah. So I'm like, okay, where are where are you going to find all these electricians, plumbers,

00;34;51;25 - 00;34;59;04
Unknown
Barton, Mallow and they'll be pulling all or I don't know who's doing it, but it'll be some national firm that comes in and does it.

00;34;59;04 - 00;35;01;16
Unknown
I'm sure.

00;35;01;16 - 00;35;17;15
Unknown
Thoughts? Yeah. That's a lot of infrastructure for it. Yeah. Has factory yards kicked off. Is that broke ground. Yeah I don't know I don't think so. I think so either. Amphitheaters started soccer stadium. I think it's approved. It's approved.

00;35;17;15 - 00;35;21;29
Unknown
I don't think they would let me approve a soccer stadium that fast. If it was me coming in.

00;35;22;01 - 00;35;22;22
Unknown
You think

00;35;22;22 - 00;35;46;22
Unknown
they're still looking for naming rights, right? Okay, okay. I drove a field. Yeah, yeah, they would probably pay me. Not. So. So we named a urinal after you. that actually had to go on. I mean. so

00;35;46;22 - 00;35;54;07
Unknown
Bridge Street, Bridge Street is definitely going feel the effects of all of the new big projects taking place.

00;35;54;07 - 00;35;55;10
Unknown
You would think so, yeah. Do

00;35;55;10 - 00;36;00;19
Unknown
you think that it was go over to Latin Street?

00;36;01;05 - 00;36;04;15
Unknown
I mean, it's already pushing that way. Yeah. I mean, you got

00;36;19;15 - 00;36;23;15
Unknown
it kind of seems like Bridge Street. Stop pushing west. And then everyone moved up to

00;36;23;15 - 00;36;25;02
Unknown
Leonard. Yeah. West

00;36;25;02 - 00;36;26;09
Unknown
west. And then,

00;36;29;10 - 00;36;30;03
Unknown
Yeah. The

00;36;33;00 - 00;36;38;14
Unknown
I just saw the, what's the bank site on Bridge Street? They're going to try to bring that food.

00;36;38;17 - 00;36;55;21
Unknown
Oh, yeah. Idea food truck idea back to their that they were supposed to do at dollars. Well then it's on a different site though, right? Yeah. They're bringing it over to Rockford. Site over there. Gotcha. Yeah. Okay. Which I'm with you. It was kind of like everything was pushing down bridge, and then everything stopped, and Leonard took over.

00;36;55;24 - 00;37;03;18
Unknown
Leonard took over. Open? Yeah. No, the new one. Yeah. I don't go down that far down bridge. No. While,

00;37;03;18 - 00;37;05;05
Unknown
Yeah, I haven't either.

00;37;05;05 - 00;37;15;27
Unknown
Yeah. I mean, there's still a ton of, in my opinion. Like, there's still a lot of property out that way. That's open. Leonard. And all the way down south to,

00;37;15;27 - 00;37;19;20
Unknown
even like you go, you get into that Creston area, a Creston area.

00;37;19;20 - 00;37;24;16
Unknown
I've always said for a while it's going to be kind of like the next wealthy street. It's always hard, though, because like

00;37;24;16 - 00;37;32;21
Unknown
with the inner city, like you get into, you try and do any type of project with scale and you run into small lot sizes. So now

00;37;32;21 - 00;37;33;17
Unknown
you have to buy 2

00;37;36;14 - 00;37;37;04
Unknown
Yeah, it's

00;37;46;21 - 00;37;48;02
Unknown
Yeah. Yeah.

00;37;49;24 - 00;37;59;03
Unknown
I don't know. They're trying. And he's the one that's doing the one in Crest and Crest as well. So yeah. Yeah. He's out of Birmingham or something like that.

00;37;59;07 - 00;38;00;29
Unknown
Yeah. Yeah that sounds right. Yeah.

00;38;10;20 - 00;38;12;12
Unknown
really it needs to go up

00;38;12;12 - 00;38;17;21
Unknown
north, north vertically. Oh. Oh yeah. Yeah

00;38;17;21 - 00;38;22;09
Unknown
yeah yeah. It'll be interesting to see like,

00;38;22;09 - 00;38;25;06
Unknown
like with the amphitheater in South Lake and how much.

00;38;25;08 - 00;38;36;02
Unknown
Because there, there are some bigger buildings over by founders in that area too. Like, do some of that, start pushing out that way and then interconnecting into where factory yards is? Yeah,

00;38;36;02 - 00;38;42;13
Unknown
I think it's really interesting that affordability has been a key part of all the conversation.

00;38;42;13 - 00;38;44;01
Unknown
Like we want things to be affordable.

00;38;44;01 - 00;38;44;16
Unknown
Yep.

00;38;54;26 - 00;38;55;21
Unknown
Sure.

00;39;10;07 - 00;39;16;04
Unknown
it's scarcity, right? Like there's going to be it's going to jack up, right? Oh, sure. Yeah. Yeah, it's all about.

00;39;16;04 - 00;39;17;24
Unknown
So where does

00;39;17;24 - 00;39;22;24
Unknown
Grand Rapids really end up in a decade, two decades from now?

00;39;22;24 - 00;39;29;24
Unknown
whole things I, I don't like I, I mean you print what are they 30% of the money supply is brand new.

00;39;29;24 - 00;39;31;00
Unknown
40%.

00;39;31;00 - 00;39;45;22
Unknown
I mean, automatically things are going to be more things aren't in my mind going to get any cheaper. But I agree, like, yeah, you're but then what's alternative to, you know, have things be crummy and so rents can be lower like I don't. Yeah.

00;39;45;22 - 00;39;48;19
Unknown
Because I think like one of the things that as

00;39;48;19 - 00;39;50;07
Unknown
But then me

00;39;50;07 - 00;39;51;21
Unknown
really having conversations around

00;39;51;21 - 00;40;00;18
Unknown
I think the argument would be like okay, like well now amphitheaters coming in, you're bringing in shows, you're bringing in tourism dollars, people can get paid more.

00;40;00;20 - 00;40;08;01
Unknown
there's more jobs, there's more opportunity. But yeah, naturally, I mean, development's going to push prices up around that or theoretically,

00;40;08;01 - 00;40;17;06
Unknown
it is. But do you, do you attract new developers then with some of those new businesses coming in who would say, I'm not looking at Grand Rapids because it doesn't have the population size, and also it does.

00;40;17;06 - 00;40;23;11
Unknown
And you get some more opportunities on the market. So you create more supply. And at some point,

00;40;23;11 - 00;40;26;19
Unknown
Yeah. I mean it's it's all supply and demand and

00;40;26;19 - 00;40;37;17
Unknown
do prices start to go down that go down? I shouldn't say down, I shouldn't say down. But they've elevated so quickly they start to stabilize a little more. Yeah. Because you saw it.

00;40;37;17 - 00;40;38;29
Unknown
You see it right now. And

00;40;38;29 - 00;40;42;27
Unknown
in one of the southern belts or whatever the heck they call it.

00;40;42;27 - 00;40;51;07
Unknown
Like, all these southern states have this massive explosion of people coming into the markets, and multifamily went crazy.

00;40;51;07 - 00;40;51;24
Unknown
Yeah,

00;41;14;18 - 00;41;15;09
Unknown
Yeah.

00;41;23;15 - 00;41;26;08
Unknown
so not my problem.

00;41;26;08 - 00;41;43;18
Unknown
This all just like I know. Yeah, I was going to say the core is a different beast within sources. I am is the journal that I'm having. Yeah. Yes. but I think

00;41;56;13 - 00;42;18;12
Unknown
died and. Yeah. Yeah, it was a fun. It was fun. Yeah. When we enjoyed Covid though, too, which was probably it was different. we were I was down there for. But I live down Plaza Towers and Hobson Flats and then West Side and then back down to the core. So I was down there for like eight years and it was cool to see the change.

00;42;18;12 - 00;42;39;27
Unknown
But I look now and I'm like, do it. What? I want to be down there right now with all the construction going on. No, but you fast forward 4 or 5 years, it starts to get interesting. And I look at that from an office standpoint and I say, are there going to be office employers who say, Maybe I'll sign a lease in two years, let the amphitheater get completed and let the soccer stadium get done.

00;42;40;04 - 00;42;45;08
Unknown
A couple other projects that are slated put time in between us and Covid. Yeah,

00;42;45;08 - 00;42;52;24
Unknown
Yeah, I think that's what's interesting about too, because you're talking about like experiential like pieces of real estate projects. Right. So

00;42;53;15 - 00;43;01;08
Unknown
it's drawing people in for something like they're watching something. The idea of, office space.

00;43;01;08 - 00;43;05;28
Unknown
Right. Just seems like I'd rather just be working at home.

00;43;06;02 - 00;43;07;00
Unknown
Yeah, yeah,

00;43;26;11 - 00;43;30;16
Unknown
I think some sectors will I don't think other sectors will offer go back to the office.

00;43;30;19 - 00;43;34;04
Unknown
Okay. That's my cat. Just pick guess.

00;43;34;04 - 00;43;41;18
Unknown
yeah, I could see a good mix of it. I mean, but I always what's it the insurance companies building a brand new tower. Yeah.

00;43;41;18 - 00;43;58;11
Unknown
Before 2020. Right. Everybody was culture, culture culture. Right. That's what every business was talking about is how do you create a culture or a better culture in your company? And it was like, you know, you want some private offices where people can work some common transient workspace and a couple boardrooms, right?

00;43;58;11 - 00;44;17;21
Unknown
That's what everyone was building pre Covid and then Covid hit and people really went to work from home. So what did they have? They had some private offices, some transient workspace and a couple boardrooms. I think some projects just got pushed a little faster because it wasn't it was it was just same thing that people wanted.

00;44;17;21 - 00;44;18;16
Unknown
Yeah. And some

00;44;32;25 - 00;44;33;21
Unknown
a yeah, awesome.

00;45;01;00 - 00;45;01;21
Unknown
But

00;45;01;21 - 00;45;21;12
Unknown
now that, you know, not every single person in the company can be or wants to be permanently in the office or permanently drained. Yeah, no, I think in the same like if you read about, you know, articles and stuff, they're saying like the class office space is still full and people still want to be there, and maybe they're taking smaller for planes.

00;45;21;14 - 00;45;35;10
Unknown
but they still want to be in these highly amenities and nice office spaces. But then you read also like, you know, the I think it was a building in Saint Louis that traded for like 5 million bucks where it was like 230. Yeah, yeah, like

00;45;35;10 - 00;45;49;00
Unknown
ten years ago or something like that. So it's like, but that's probably a class, the Office right now that needs another $100 million put into it to make it attractive to an acquisition or somebody like that,

00;45;49;00 - 00;45;49;15
Unknown
Yeah.

00;45;54;20 - 00;45;55;14
Unknown
there. Yeah.

00;45;55;14 - 00;46;04;16
Unknown
They should be opening their campus soon, and you're going to see more and more tenants roll off of, rent rolls around downtown.

00;46;04;18 - 00;46;25;02
Unknown
It was I was talking to Jeff Tucker about this and he, he mentioned, though the spectrum spaces are going to come back or core. Well, they are from a buildout standpoint at least, class A or class B space from an interior standpoint, like they weren't built cheaply. so he's like someone hopefully could backfill those, but still a lot of space to hit the market.

00;46;25;19 - 00;46;34;10
Unknown
Yeah. What are your thoughts on. Hey, we'll do the interview.

00;46;34;13 - 00;46;36;11
Unknown
What are your thoughts on the commercial spaces being

00;46;36;11 - 00;46;37;28
Unknown
converted over to residential?

00;46;37;28 - 00;46;45;09
Unknown
I mean, it's the percent. I again, I was going to say, like, everything I've heard, it's basically you're going back to land value at that

00;46;45;09 - 00;46;45;24
Unknown
Yeah.

00;47;05;24 - 00;47;08;11
Unknown
Yeah, fifth, third. Yeah. 111 line.

00;47;15;06 - 00;47;19;25
Unknown
I thought that was great.

00;47;19;27 - 00;47;21;13
Unknown
That was so good.

00;47;21;13 - 00;47;22;29
Unknown
yeah, I don't know, but that that that

00;47;44;28 - 00;47;50;23
Unknown
everyone's been Uber. Yeah. Or Uber like, some sort of Uber pickup deal. So it's

00;48;07;29 - 00;48;08;22
Unknown
is less.

00;48;08;25 - 00;48;09;09
Unknown
Yeah.

00;48;11;23 - 00;48;16;03
Unknown
build them or build it a different to build a wall or to do.

00;48;16;03 - 00;48;26;29
Unknown
I just think about like the every time you're a ramp and it's a alleys parking, you're like, oh man, that's got to be so cool. So I don't know all the parking. Well I mean what do they have 90%

00;48;27;01 - 00;48;47;18
Unknown
Yeah I don't know. My stance on downtown Grand Rapids is make all the parking free. Like not so much the private lots because you can't but but the street parking. The street parking they disagree. The street parking needs to be free. If you really want to make downtown Grand Rapids a retail vibrant, you don't need to charge for parking on the street and parking tickets.

00;48;47;23 - 00;48;56;10
Unknown
I agree, I think right now, yeah, there's a handful of issues I have with the city of Grand Rapids, but that's one where it starts.

00;48;56;10 - 00;48;59;05
Unknown
I thought they were just talking about raising prices, and

00;48;59;05 - 00;49;06;18
Unknown
I was talking to, groups or. jpd officer. He said that they all have the app on their phone.

00;49;06;18 - 00;49;15;05
Unknown
Like, you know, we have our mobile app and they have their mobile app. And when one of them expires, they all run over to it to get you a ticket before you drive off on it. I'm like,

00;49;15;05 - 00;49;16;06
Unknown
I do it.

00;49;16;06 - 00;49;17;24
Unknown
But as I go to

00;49;28;04 - 00;49;29;11
Unknown
parking because I just forget.

00;49;29;16 - 00;49;46;11
Unknown
Yeah. I remember this time from logging the move. Yeah, I want to move to mode too. But and never do. It's probably the same guy who is like, this is going to be Max girl over here. Like, I'm mean to me every time I'm getting the. Funding. It is. It's wild. Yeah.

00;49;46;11 - 00;49;49;08
Unknown
I appreciate that. New app. Er, garage.

00;49;49;17 - 00;49;51;01
Unknown
you know I haven't saying no. Yeah.

00;49;57;25 - 00;50;00;04
Unknown
And you just rent

00;50;00;04 - 00;50;06;13
Unknown
that way. But the problem you run into is you often leave without stopping your rental.

00;50;06;13 - 00;50;09;23
Unknown
It's like the,

00;50;09;23 - 00;50;15;07
Unknown
New Holland like, building there. It's like you pull in, you, like, have to text it inside. Is not.

00;50;15;07 - 00;50;19;04
Unknown
is that in the Red lion parking lot? Yeah, yeah yeah okay okay okay. Yep, yep.

00;50;19;04 - 00;50;26;00
Unknown
Thank you. Texting to it. And that's just a private group that's renting spaces out. You make money on your own, but they have there,

00;50;26;00 - 00;50;30;08
Unknown
interesting. But you can rent it out for like, four hours if you want it to.

00;50;30;24 - 00;50;34;15
Unknown
That's pretty cool. Works, Church parking lot to do that?

00;50;34;19 - 00;50;37;11
Unknown
Yeah, some of them do.

00;50;37;11 - 00;51;01;19
Unknown
It's pretty exciting when a popular business moves to a new location, especially when they come to your city. All Seasons living has moved from Wyoming and is now in their new showroom in Hudsonville. Even better, it's twice the size. Check out live on seasons.com. A wide selection of premium outdoor furniture featuring everything from tables, chairs and sofas to umbrellas, rugs, firepit, pillows and more.

00;51;01;20 - 00;51;07;26
Unknown
All seasons living is now in Hudsonville. To visit live all seasons.com.

00;51;07;26 - 00;51;13;03
Unknown
So I, I don't know, I think downtown is going to be I think it's going to be pretty cool in the next couple years actually.

00;51;13;03 - 00;51;13;21
Unknown
Like I'm excited

00;51;13;21 - 00;51;20;02
Unknown
I think it needs to suck. It's going to suffer for about two years and then get really cool with the with the construction.

00;51;20;02 - 00;51;25;00
Unknown
I just think construction is a nightmare. Yeah, you once you get through that, it's going to be fine.

00;51;25;00 - 00;51;31;11
Unknown
Oh my gosh. Like knock off subject a little bit. But I was going north on 131.

00;51;31;11 - 00;51;40;13
Unknown
I was already late of course, and then I needed to get on 96. And it was I'm like, this is cost like ended up me like a

00;51;40;13 - 00;51;41;20
Unknown
have halfway.

00;51;41;22 - 00;51;44;15
Unknown
Like I was only supposed to be 15 minutes late,

00;51;44;15 - 00;51;49;08
Unknown
I'm like it every week. It's like, no clue. I should start checking the

00;51;49;08 - 00;51;51;06
Unknown
my car without looking at Google Maps, figuring

00;51;51;06 - 00;52;01;18
Unknown
Yeah. Construction that works. south South on 131 is open again. That's nice. Yeah. That's nice. That was that was bad there for a while to.

00;52;01;20 - 00;52;14;26
Unknown
Oh, you'd like get off the highway too. And you'd like jog to Division. No. I over to eastern. It still be backed up. it's pointless, I don't know, many times.

00;52;14;26 - 00;52;27;23
Unknown
so, I don't know, I think. Yeah, that's fair. Like, maybe it'll be, but. And the wild thing is, like, they keep opening more units up, and then everyone that I talked to is like, they're full. All the multifamily

00;52;27;23 - 00;52;28;20
Unknown
multifamily.

00;52;28;23 - 00;52;49;27
Unknown
Yeah. Have you heard any news about how the condos are doing a studio park? I saw they hit the market, but I don't know if they're. Who's doing who's. I look back, I can't recall who the agent was again. No. Fred's. You're gonna look it up. They look it up. It's not John Postma. probably not that.

00;52;49;27 - 00;52;53;26
Unknown
Were you were you. You were at Remax, Grand Rapids. Yeah.

00;52;53;26 - 00;52;54;29
Unknown
You still are there. Yeah.

00;52;54;29 - 00;53;02;12
Unknown
Yeah. But was that with like because they were is a merger right. So where it's at with John and Pat Paul's

00;53;04;04 - 00;53;21;03
Unknown
Okay. Yeah. And signed up with Dave and Rachel. Okay. gotcha. Okay. Because they bought Grand Rapids from, 1 or 2 properties out. Okay. You know, John, John was always great to me.

00;53;21;03 - 00;53;22;17
Unknown
I knew John pretty well. Yeah.

00;53;22;17 - 00;53;24;09
Unknown
both John and Pat are awesome.

00;53;24;09 - 00;53;27;14
Unknown
People are awesome. People still see around.

00;53;27;14 - 00;53;36;17
Unknown
and he has kind of a cool story, too, because he he was like a truck driver, right? And Pat got into real estate and was crushing it. And then he came over and said, I'm

00;53;36;17 - 00;53;36;28
Unknown
doing

00;53;42;21 - 00;53;44;14
Unknown
Patriot Realty.

00;53;47;28 - 00;53;48;11
Unknown
No,

00;53;48;11 - 00;53;49;16
Unknown
or who is I?

00;53;49;16 - 00;53;51;26
Unknown
I don't recognize the name. I

00;53;51;26 - 00;53;54;19
Unknown
who's the listing agent? I'm trying to find a

00;53;54;19 - 00;53;59;08
Unknown
contact page Max Grover.

00;53;59;08 - 00;54;04;15
Unknown
yeah.

00;54;04;17 - 00;54;11;13
Unknown
You there? It doesn't seem to be a, Jarrar membership to you. I don't,

00;54;23;07 - 00;54;23;26
Unknown
Yeah.

00;54;36;13 - 00;54;39;02
Unknown
Oh, I've heard of them before, but I've seen their signs. But

00;54;39;02 - 00;54;40;10
Unknown
no,

00;54;43;04 - 00;54;44;13
Unknown
that, yeah. Why is that? So

00;54;44;13 - 00;54;45;06
Unknown
amazing. He's a

00;54;47;22 - 00;54;55;28
Unknown
That's right. Yeah. He's at the ball. Was he at the Griffins for a little bit. Tim. Possibly, I think maybe for a hot stone.

00;54;56;01 - 00;54;56;16
Unknown
Yeah.

00;55;07;25 - 00;55;20;24
Unknown
Maybe. Yeah. The. Those are gonna be some fun condos with you from a location standpoint, to be that close to the arena and the setup. But, yeah, the amenities they have, like a pickleball court, like a gym.

00;55;21;01 - 00;55;24;00
Unknown
Amazing. It was wild watching, I think go up to. Yeah.

00;55;24;00 - 00;55;29;13
Unknown
completely changes the whole you. It's so funny how quick you forget what the view used to be,

00;55;29;13 - 00;55;30;08
Unknown
but. Yeah.

00;55;31;09 - 00;55;32;02
Unknown
Yeah.

00;55;33;18 - 00;55;41;18
Unknown
I, I like on the studio part I, I do too okay. So experience. Yeah that the comedy room really nice I got that.

00;55;41;18 - 00;56;06;19
Unknown
Yeah I got I. Yes. The last time I went it was they seems that vacation is going to be here. Maybe. Yeah, yeah I got, I got carded for the the kid card. He was probably like ten years younger than you. It's it's like, no way. I had a beer. My hands. Beer a pop. You can find that my five year old is like doesn't matter.

00;56;06;21 - 00;56;27;15
Unknown
Let's see it. I know I got a babysitter at home. yeah, I agree, though, that room upstairs is really nice. Yeah, they do a good job. Have you been up there? Like, below? What's it called again? Oh. Listening room is it? Oh, yeah. I've never been in there. Is it. I thought it was. Maybe they named it the Listing room and they had to rename it.

00;56;28;21 - 00;56;30;22
Unknown
They did have something like that. They did have

00;56;30;22 - 00;56;37;16
Unknown
because I thought it was like somewhere down south, someone's okay, that's. My name is weird. Copyright draw. Yeah,

00;56;37;16 - 00;56;39;00
Unknown
I wonder, does a studio do.

00;56;39;01 - 00;56;39;29
Unknown
Okay? I would

00;56;39;29 - 00;56;41;09
Unknown
imagine. I think so, yeah,

00;56;41;09 - 00;56;48;28
Unknown
I think so. All the stores seem to be still like the restaurants scene with the exception of ice cream.

00;56;49;04 - 00;56;50;23
Unknown
Yeah. Yeah.

00;56;50;23 - 00;56;55;24
Unknown
I love going there. And then the Starbucks,

00;56;55;24 - 00;57;14;09
Unknown
like grab and go. Yeah. How does that do it? I've heard it does pretty well, which is interesting. It's hard to tell just because it's people know. Yeah. They're like, you know, you can't. Where are you. What. Yeah. They're like, look at this. Look at this old timer Boomer coming in there like this guy should definitely.

00;57;14;12 - 00;57;22;10
Unknown
Yeah. No like fumbling. Like, what do you mean a card or something? Frank started yelling. Yeah. No.

00;57;22;28 - 00;57;26;26
Unknown
Yeah, that was that was crazy. That's a crazy concept, but it's a really cool

00;57;26;26 - 00;57;38;12
Unknown
I think it's worked. Yeah, yeah. I don't know how the coffee shops are going and not saying just because it's space that they order a three hour coffee once and grab and go.

00;57;41;19 - 00;57;42;06
Unknown
Yeah.

00;57;43;28 - 00;57;46;12
Unknown
Be interesting and see how that all plays out to

00;57;46;12 - 00;57;52;15
Unknown
foxtail and I, you know, and I always like supporting the small guys too, right? I mean, while Rose and Granville or whatever,

00;57;52;15 - 00;57;53;03
Unknown
Sure.

00;57;53;17 - 00;57;54;05
Unknown
Yeah,

00;57;54;05 - 00;57;56;18
Unknown
Go help rusty. I'll grab a cup of coffee.

00;57;57;04 - 00;58;02;01
Unknown
Scooter's foxtail, Starbucks, big B

00;58;02;01 - 00;58;04;26
Unknown
seven brews, caribou, seven brew.

00;58;04;29 - 00;58;06;00
Unknown
It's a lot of coffee,

00;58;06;00 - 00;58;10;18
Unknown
a lot of coffee. Yeah, guys, we're supposed to,

00;58;11;06 - 00;58;14;00
Unknown
Supposed to be cheap, said the sweet tea shop.

00;58;14;00 - 00;58;23;17
Unknown
I go to the sip place up here, I like it, that's great. Yeah, yeah, it's a lot. That's a lot of competition of town. But I wonder how that's all going to shake out.

00;58;23;17 - 00;58;27;21
Unknown
I don't know, I don't expect a $7 for a coffee when I can make it for $0.30 at home.

00;58;27;21 - 00;58;29;25
Unknown
Yeah. So do.

00;58;34;15 - 00;58;40;29
Unknown
oh yeah. I mean, you know, you know the car wash industry best. Yeah I know the car wash game. You just saw the statue. Yeah.

00;58;40;29 - 00;58;49;07
Unknown
That's another one where I look at it I'm like, what a cool like model on the scale up to where it's like the the subscription passes and

00;58;49;07 - 00;58;50;00
Unknown
whitewater.

00;58;50;00 - 00;58;53;06
Unknown
Tommy's quality time is same

00;58;53;06 - 00;58;54;09
Unknown
Minister. You're like,

00;58;54;09 - 00;58;57;05
Unknown
is it just a race to the bottom or they, you know,

00;58;57;05 - 00;59;02;13
Unknown
well, if you look at Mister Car Wash, it stock has done nothing but just go down and say iPod.

00;59;02;13 - 00;59;09;13
Unknown
Oh, they already did IPO. Is that. Oh I was just talking. Is that franchisee in anyway or is it

00;59;09;13 - 00;59;13;25
Unknown
all I think they're all corporate. Yeah cool. Tommy's the franchise. Tommy's franchise

00;59;13;25 - 00;59;20;20
Unknown
But then Whitewater they'll they build it and then sell it back to you or then sell the building. So with a 15 year lease on the building.

00;59;20;20 - 00;59;23;13
Unknown
So they yeah they sell these

00;59;23;13 - 00;59;24;28
Unknown
and sell these back.

00;59;25;01 - 00;59;31;09
Unknown
Yeah. All of this back and then get their money back. Money back. 1031 something else.

00;59;32;11 - 00;59;37;12
Unknown
How are you. Yeah. You had the self-service. All right. So I've not got it. Still looking for one.

00;59;37;12 - 00;59;40;07
Unknown
Yeah. You don't really want to,

00;59;43;09 - 00;59;52;23
Unknown
been thought I always heard this do better than you'd expect. But obviously like, like somebody comes out, they get mad, so they break that handle off or whatever.

00;59;52;25 - 00;59;56;20
Unknown
Yeah. Well I mean little things like that that you're tinkering with. Yeah.

00;59;56;20 - 01;00;00;11
Unknown
mean you can't stop that. But I mean you're just making money a quarter of the time.

01;00;00;16 - 01;00;01;27
Unknown
Where was your self-serve at

01;00;01;27 - 01;00;05;01
Unknown
Zeeland Adam Street, right off the island in 96.

01;00;05;01 - 01;00;09;09
Unknown
and you you still have it. Are you saying how much maintenance was it?

01;00;09;28 - 01;00;24;16
Unknown
I had a it wasn't the maintenance wasn't like you want to keep it clean, right? It's not my day job. So I always just did whatever I could till I paid a guy every day to show up and spray it on the bays and empty the trash, and just making sure it was spotless all the time. That was a bigger thing.

01;00;24;19 - 01;00;29;06
Unknown
I mean, maybe a couple hours a week to fix stuff on the horrible

01;00;29;12 - 01;00;43;29
Unknown
And I heard, I can't remember who I could even be. Making this up was a good chance, but I heard that they do better when they're next to like, a mr. or another automated car wash. I'm not seeing that. I mean, all

01;00;43;29 - 01;01;00;15
Unknown
over 30 car washes around state and like when when one comes in, they take about a 30% hit, like a self-serve touchless will take about 30% hit, and then it'll kind of work its way up and usually stabilize is like 15% less than what it was doing.

01;01;00;26 - 01;01;01;15
Unknown
Okay,

01;01;09;04 - 01;01;09;27
Unknown
yeah. Just to

01;01;15;23 - 01;01;16;11
Unknown
it. Sure.

01;01;16;11 - 01;01;17;02
Unknown
Yeah.

01;01;17;02 - 01;01;26;08
Unknown
so or if you go to a touchless, you're going to have a better quality. You know, it might not be as dirt free, but you're not going to have any scratches or duns on your car when you get done with it.

01;01;26;08 - 01;01;35;29
Unknown
Are you are the car washes you've been selling all self-serve touchless or tunnels or cell phone touchless.

01;01;36;02 - 01;01;50;12
Unknown
I saw what was the one they did on, 68th Street and they like they bought an existing car wash, but they like, redid read it at all. And it's like their mom and pop brand. But I thought they did a nice job. It looks busy.

01;01;50;12 - 01;01;52;27
Unknown
Is that the one of 31 that. Yeah. Yeah. Right.

01;01;53;01 - 01;01;58;16
Unknown
Yeah, yeah. Burger King. Yeah. That little Burger King. Yeah. They're

01;01;59;01 - 01;02;03;13
Unknown
what was it before? I can't recall, it was called, but yeah, they didn't really know how they were doing it.

01;02;03;13 - 01;02;11;00
Unknown
Yeah. I say do you have any car washes still or. No, no. Would you buy one again. And you really

01;02;11;00 - 01;02;12;14
Unknown
just got off on the right option.

01;02;12;16 - 01;02;25;21
Unknown
On the right one. Oh, yeah. You blasted the whole market yesterday. Yeah. He's got, he's got like 31. I gotta send all my money to taxes. I'm doing that. He's got son into Ukraine. Oh, so you don't have to pay taxes a year.

01;02;25;21 - 01;02;33;11
Unknown
Dre. I don't want to be taxes. I don't want to send my mother $800. But it's all the Russia.

01;02;33;14 - 01;02;35;05
Unknown
So,

01;02;40;13 - 01;02;40;27
Unknown
Okay.

01;02;43;13 - 01;02;43;22
Unknown
top

01;02;47;21 - 01;02;48;11
Unknown
Yeah. Just

01;02;48;11 - 01;02;49;01
Unknown
got that

01;02;49;01 - 01;02;50;18
Unknown
at the end of the day, but.

01;02;54;08 - 01;02;54;21
Unknown
no,

01;02;54;21 - 01;02;58;12
Unknown
You're.

01;02;58;12 - 01;03;06;03
Unknown
So are you looking at like what? What's your what are you leaning towards like for yourself. Like of what you're excited to invest in?

01;03;06;05 - 01;03;13;15
Unknown
I wonder if you could find the ideal property type. What would you buy the that the numbers work not not grand slam walk off

01;03;13;15 - 01;03;23;24
Unknown
I like I like multifamily, I like industrial medical office. I even like vacation rentals on them all. They're all good. Just depends how much work

01;03;23;24 - 01;03;27;09
Unknown
I've I've heard the vacation rentals are kind of reeling a little bit though, too.

01;03;27;12 - 01;03;27;29
Unknown
Yeah.

01;03;27;29 - 01;03;29;22
Unknown
and I think a lot of it has to do with more

01;03;29;22 - 01;03;31;23
Unknown
municipalities come beating

01;03;31;23 - 01;03;32;17
Unknown
and it's

01;03;40;21 - 01;03;41;07
Unknown
yeah,

01;03;41;07 - 01;03;42;05
Unknown
yeah. So I hear that

01;03;42;05 - 01;03;47;03
Unknown
pushback too. Yeah, but it's also more family friendly to have a vacation.

01;03;47;08 - 01;03;52;18
Unknown
Oh for sure. Yeah. Like, you know, you know, you got young kids. I got young kids. Yeah. Like kids. Like

01;03;56;05 - 01;03;56;27
Unknown
you got. Yeah.

01;03;57;02 - 01;04;06;22
Unknown
Both have young money. What do you do after the kids go to bed? Like you just don't travel. That's the problem. I like, you know, you have your interest in a hotel, like. Yeah,

01;04;13;08 - 01;04;14;00
Unknown
Sure. So

01;04;14;10 - 01;04;17;04
Unknown
there's still a need for it. You're not going anywhere.

01;04;17;04 - 01;04;24;17
Unknown
Well, get the full kitchen and cook and stuff. Yeah, yeah. So what's your stance on that with city Grand Rapids shutting those down

01;04;24;17 - 01;04;34;08
Unknown
I, I mean I would I hated the fact that they did shut them down. I think they should have made it more attractive. I mean, go ahead, charge a rental fee or extra tax or whatever, but don't shut them

01;04;34;08 - 01;04;37;14
Unknown
Don't shut them down. Yeah, I completely agree.

01;05;02;05 - 01;05;05;24
Unknown
that kind of state makes it illegal. Just telling somebody that was like.

01;05;14;05 - 01;05;15;07
Unknown
Yeah, we need.

01;05;15;07 - 01;05;15;23
Unknown
so now.

01;05;15;23 - 01;05;18;22
Unknown
Yeah, like you need to reality says

01;05;23;14 - 01;05;23;24
Unknown
Yeah,

01;05;23;24 - 01;05;25;10
Unknown
Yeah. So that

01;05;25;10 - 01;05;27;21
Unknown
that's going to be interesting too. Slippery slope. I mean,

01;06;05;29 - 01;06;18;25
Unknown
are your rentals in town? Are they no upside down. Okay. Like in like in, like destiny, like vacations from Duck Griffin. Oh okay. Okay. Yeah.

01;06;32;21 - 01;06;35;13
Unknown
Blackrock already allocated.

01;06;35;15 - 01;06;51;25
Unknown
Oh you know to go to Ukraine. So why not get it like cheap real estate. That would probably throw some rent. He's already on the list. He's good. hi. How I did you check Zillow like

01;07;06;10 - 01;07;11;18
Unknown
So it's gotta be in the States. Yeah, yeah. Makes sense. Yeah.

01;07;17;27 - 01;07;20;08
Unknown
Yeah, yeah.

01;07;20;08 - 01;07;27;22
Unknown
So you can never know your house. Yeah. Okay. So let's go back to the story.

01;07;27;25 - 01;07;35;29
Unknown
Yeah I remax yeah. All right. So you do you did you just jump straight into commercial then after that terrible like residential experience?

01;07;35;29 - 01;07;36;11
Unknown
No.

01;07;36;11 - 01;07;54;10
Unknown
So I, I did that for six months or so. I also interviewed with a lot of other brokerages around town. just in what was out there, what everyone is offering, what their commissions for tours

01;08;09;28 - 01;08;10;18
Unknown
broker.

01;08;22;11 - 01;08;23;03
Unknown
Yep.

01;08;32;24 - 01;08;41;00
Unknown
That's awesome. And it was a good deal then. So I did that. Do you keep an office with them or not? I had one at the

01;08;41;00 - 01;08;43;13
Unknown
they're buying site right. And then

01;08;48;24 - 01;08;58;02
Unknown
Nice to turn that into my office next. How big is that? Thousand square feet. And so you can add some people. It's right.

01;08;58;02 - 01;09;00;15
Unknown
that size

01;09;03;29 - 01;09;06;15
Unknown
see. You're going back to the office right.

01;09;15;13 - 01;09;21;16
Unknown
a week. Okay. Yeah, they're working off from there. It's a nice. It's a nice building. Yeah.

01;09;21;16 - 01;09;31;07
Unknown
Why can't I picture. Where is it. Where are you. In Cascade. Right where first American title is and. Oh, yeah. Yeah, right off the highway there. And then you to buy something? Yeah. Across from the cemetery.

01;09;31;09 - 01;09;49;24
Unknown
That's nice. Chris, what's not close I don't I don't close much with first. Russia or Chicago, but thanks to. Exactly. So, yeah, I also focus on, Yeah. I had one that, like,

01;10;07;11 - 01;10;08;18
Unknown
to make sure the

01;10;08;18 - 01;10;17;05
Unknown
like I'm like, can you send somebody out there? And they're like, no, no, no, they have to come in person. They're like, what with all the wire fraud apparently, and stuff.

01;10;17;07 - 01;10;29;17
Unknown
I'm like, it's getting weird. But yeah, and if you have to go to town, you've got that. Yeah, I title. So he's got a big certified. Yeah. I'm

01;10;29;17 - 01;10;33;05
Unknown
I'm just getting that. That whole thing is. Yeah. I mean, I've had

01;10;33;05 - 01;10;47;12
Unknown
people try and hack my emails and try and like I've seen people like, have, like Drew Bourne email addresses that weren't me. They weren't like they were just like Drew Bourne Real Estate at gmail or something like that. Try and be me

01;10;47;12 - 01;10;57;22
Unknown
mean, I just had another one go around like that too, based on the car. Like, they like pulled that. At one point I was the president and they started like blasting it. So it'll probably happen to you next

01;10;57;22 - 01;10;58;29
Unknown
says, like,

01;11;03;15 - 01;11;09;20
Unknown
I'm not asking for gift cards. Yeah. So,

01;11;16;21 - 01;11;19;23
Unknown
I know you do some some. Oh, I'm sharing with,

01;11;24;24 - 01;11;27;02
Unknown
the owner comes out and it's like, what are you doing?

01;11;30;07 - 01;11;30;25
Unknown
Yeah,

01;11;42;15 - 01;11;47;14
Unknown
The guy who performed the the seller and stuff. The fake seller. Yeah. Wow.

01;11;55;10 - 01;11;57;07
Unknown
pick some guy up off the street

01;12;02;21 - 01;12;04;10
Unknown
buys land,

01;12;18;15 - 01;12;22;16
Unknown
Who are you? You just lose 400,000. Yeah. So what happens to

01;12;24;15 - 01;12;25;06
Unknown
yeah,

01;12;26;28 - 01;12;39;11
Unknown
Yeah. So then maybe it would go back towards the title company. Yeah. So say title under title insurance is for I don't think any of us wrote we're not entitled really for I don't know that we've had.

01;12;39;11 - 01;12;49;19
Unknown
So maybe that's a until until it's like that type of situation. I'm sure there's an exemption. Yeah. Exactly. Oh you miss that.

01;12;49;21 - 01;12;52;17
Unknown
Oh shoot.

01;12;52;17 - 01;13;07;02
Unknown
But like. Yeah like how do you stop that with somebody that has tried these. Yeah. Legit looking at the driver's license. Yeah. I feel like we're only at the tip of the iceberg for that type of stuff. Like it's going to get, it's going to get harder and harder. Yeah

01;13;07;02 - 01;13;14;01
Unknown
yeah yeah. Voice calls. Now we're sitting here recording our voices and something. You can take your voice and call your client.

01;13;14;01 - 01;13;23;03
Unknown
Sorry. Forget the deals. Honestly though. Like they mean, they can literally mean if your voice for with it. Yeah. It's going to be

01;13;23;03 - 01;13;34;09
Unknown
It'll be. Yeah. there's always more and more issues and solutions. Right. And then opportunity, no matter what you're talking about

01;13;34;09 - 01;13;36;07
Unknown
some of like the real estate market right.

01;13;36;07 - 01;13;39;03
Unknown
Earnings rates up makes leases more attractive.

01;13;39;03 - 01;13;42;10
Unknown
know it's always opportunities. It's gotta find them. Yeah.

01;13;42;10 - 01;13;51;08
Unknown
What else do you like in the real estate market right now? Besides, you said, everything but retail and office. I don't, I don't I like retail, I

01;13;51;08 - 01;13;55;18
Unknown
I mean, I don't I wouldn't mind owning a strip center. I mean, if you if you can buy it.

01;13;55;18 - 01;13;57;00
Unknown
Right? Yeah. Right. I mean,

01;13;57;00 - 01;13;57;26
Unknown
yeah, like

01;14;20;03 - 01;14;27;01
Unknown
Right. And then and then go look at what it costs to build new medical office, I mean, 400 bucks, but.

01;14;27;01 - 01;14;28;11
Unknown
ask you at least

01;14;28;11 - 01;14;38;07
Unknown
when we deal with that a lot. I mean, it's, you know what, you could go over two, 55 years ago for one or no, with, with a seven and quarter interest rate.

01;14;38;11 - 01;14;52;02
Unknown
Yeah, actually, inland values and. Yeah, I always like land. It's hard to be land. You can just farm, sit on it. Yeah, yeah. I can't.

01;14;52;02 - 01;15;00;28
Unknown
I like to have a project in hand. I like for it. Yeah, yeah. I mean, just to sit on land is. Yeah,

01;15;00;28 - 01;15;03;22
Unknown
I. Yeah, but I prefer lay more hands on.

01;15;03;23 - 01;15;05;29
Unknown
That's how they work. I mean, I do like I mean, don't

01;15;29;27 - 01;15;30;07
Unknown
Yeah,

01;15;30;07 - 01;15;38;27
Unknown
Yeah. But I also think the industrial building, I mean, I don't know, I feel like you can just plug and play anyone to any of those buildings. The nice thing about the industrial is like,

01;15;38;27 - 01;15;53;07
Unknown
for at least call, even if you have a 10% office build out of the industrial space. Like it's not like the whole thing. Like you, some of the office tenants, you bring them, they leave, you're redoing 90% of the office

01;15;53;07 - 01;15;54;06
Unknown
space. Yeah,

01;16;09;27 - 01;16;25;16
Unknown
Who's a massive tenant in an industrial building. Yeah. And you sit up you lose. Yeah. You lose a massive ton of industrial. You got to come up with 70 grand a month or whatever. Yeah. Make your paint cheap. You know that doesn't work on either. Oh yeah. Yeah. So it question for you

01;16;25;16 - 01;16;33;03
Unknown
guys. If you in I mean, we're all mid-thirties, you know, been doing real estate for ten year. I mean I think I've been doing ten years now.

01;16;33;04 - 01;16;34;14
Unknown
You guys close to that

01;16;34;14 - 01;16;38;01
Unknown
Yeah. So again like I think I'm 12. Yeah. Like

01;16;49;22 - 01;16;56;12
Unknown
Oh, he would say, who's your mentor? Like who's someone you wish. Yeah, yeah. Like wouldn't tell.

01;16;56;17 - 01;17;10;01
Unknown
I'll answer. I mean, Chris is already on and boomers scene and that's an offensive word. They still see us as the. Yeah. See. Yeah. But I mean, you're basically already

01;17;17;12 - 01;17;20;16
Unknown
Yeah. Transition's been great for, you know, it was it was.

01;17;20;19 - 01;17;40;11
Unknown
Yeah. It was a good move for me. Yeah. Dave, someone definitely look up to, I would say from a faith and personal perspective, Duke, just because I think Duke did a really good job of balancing, I'm going to work hard, but I'm also going to help people to get to the best place they need to get at.

01;17;40;11 - 01;17;58;11
Unknown
And he did a really good job. I don't think people give him enough credit of focusing on individuals and saying, okay, let me get to where you need to get and how can I help you get to that point? And then just from a faith perspective, I mean, I think Duke is probably one of the best in the industry of not being afraid to speak his faith and being proud of it.

01;17;58;17 - 01;18;20;10
Unknown
Cool. So I would say a mixture of Dave Denton and Duke, so on that Dave. Dave blows up space. Yeah I shouldn't yeah. No, no disrespect to Dave. Yeah. Because he's a strong, strong Christian man. Yeah yeah. But Dave Dave so strong. But Dave's also very specialized. Dave knows what he wants to do. He gets in the office and he does it.

01;18;20;12 - 01;18;36;10
Unknown
And someone else I. How about on a respect and admiration for that? Not a lot of people know is Steve Marcus. Oh yeah. Because Steve Marcus, when I was at college, I never understood because he would get in the office at like, I don't know, 9:00 or so and he'd leave by three. And I was like, well, you can't be doing like that.

01;18;36;10 - 01;18;52;05
Unknown
Well. But he would just continually crush it and just bring in checks, bring in checks, bring in checks. Because he got in the office and he knew exactly what you need to do and you didn't waste time doing it. He's like, I'm gonna put a good deal together. I'm not gonna waste time. And I also think that just comes with the years of knowledge and experience.

01;18;52;07 - 01;19;04;18
Unknown
Like I look back though, those are some of the best days, like being at Kalu's office, just because you got to learn from somewhat different personalities of like how guys worked and what was efficient and what wasn't efficient.

01;19;04;18 - 01;19;13;20
Unknown
Well, there's no way I'm going to top that. Come on, tell us what Arnold was really like. Yes, I love that man.

01;19;13;24 - 01;19;14;08
Unknown
There's no

01;19;14;08 - 01;19;15;29
Unknown
doubt about that. Like that.

01;19;15;29 - 01;19;24;08
Unknown
I mean, I don't know how I would answer that honestly. I think it would be a mix of there's a there's a handful of mix of guys,

01;19;24;08 - 01;19;25;22
Unknown
that you

01;19;28;26 - 01;19;31;03
Unknown
there. Hey, man. volume

01;19;31;03 - 01;19;35;06
Unknown
Kowski is great. I'm gonna stand Darrell.

01;19;35;08 - 01;19;38;26
Unknown
I like. Yeah. Darrell. Uncle Darrell,

01;19;46;05 - 01;19;46;25
Unknown
Yeah.

01;19;53;06 - 01;19;55;14
Unknown
Oh my gosh, Tim Miller yeah. And then you

01;20;08;14 - 01;20;22;08
Unknown
I think you can cherry pick from certain individuals like, Mike Murray was such a good talent writer. Be as stoic as his data is, but like, yeah, like, yeah. And you can never have a radio voice like Earl Clements.

01;20;22;08 - 01;20;25;16
Unknown
Like you just can't. You can't?

01;20;25;16 - 01;20;32;07
Unknown
Yeah. So yeah, that's good. But then I also look at some of the young guys coming up to and I'm like, Francis and like, yeah, operates

01;20;58;01 - 01;21;10;17
Unknown
But what's unique about our industry too, is it's competition. But it's also guys who I don't. Of all the guys you've listed out, I don't know if one of them would shut you down and say, no, I'm not one to share my best practices or here's what I've done in the past.

01;21;10;17 - 01;21;17;19
Unknown
Everyone, for the most part, comes with open arms and says, hey, here's my here's what I've done in the past and learn from my experiences.

01;21;17;19 - 01;21;27;03
Unknown
Yeah, yeah. No it is, it's yeah, that's what I spend fun too. Yeah. Like happens. Good heavens. You all have the conversations with everybody. Yeah.

01;21;27;03 - 01;21;34;24
Unknown
Yeah I mean like you can keep going like Marianne and Jason and like you can just keep going with names of people that are like

01;21;34;24 - 01;21;36;12
Unknown
yeah, top notch people.

01;21;36;14 - 01;21;44;15
Unknown
Yeah. The other Chris parents, he's all right. Yeah. He has his days.

01;21;50;15 - 01;22;03;25
Unknown
Yeah. Drew what about you. oh Brian said Brian Sigma Brian's Brian under-the-radar down. Brian said that question and I like the fact that he owns a lot of stuff too. Yeah. Oh

01;22;03;25 - 01;22;11;20
Unknown
My goodness. So my my Brian Sigma star is a know I can't remember exactly the setup.

01;22;11;27 - 01;22;36;10
Unknown
We ended up trying to kind of co-op at the office and it was with, with a farmer, so. Right. His wheelhouse, probably like, 85 year old farmer and to be in the room with him, with a farmer. So he pulls up, he's got his farm plates on the, the the, vehicle. He's got the cowboy boots on the jeans.

01;22;36;12 - 01;22;42;17
Unknown
And just like to watch him operate farmer the farmer and build rapport. I was like, this guy's an operator.

01;22;42;17 - 01;22;43;14
Unknown
Yeah. The

01;22;47;13 - 01;22;50;27
Unknown
I know, I took a step back. Shut up. Yeah,

01;22;56;18 - 01;22;57;23
Unknown
oh, I bring people

01;23;00;08 - 01;23;15;23
Unknown
I know, but don't even look at like, I mean, Kaiser Kaiser was a gem. Like, you're like, you get to learn some lessons to to deal with it. Yeah. how? Get off the phone. So man.

01;23;15;23 - 01;23;26;03
Unknown
but then he's like, he's probably like at least partially, even if he's being a bully in the situation of the deal like and trying to control that like, you know like, dang it. Like he's got a

01;23;26;03 - 01;23;38;11
Unknown
point. Yeah. But then he's like, I don't know, he's dumb. He's like, yeah. He put the hard, stoic look on, but deep down he's the biggest teddy bear you've ever met, which it was so true. Call me like for

01;23;38;11 - 01;23;42;11
Unknown
no reason all the time and just be like, hey, like just checking. And I'm like,

01;23;42;11 - 01;23;42;21
Unknown
what?

01;23;42;21 - 01;23;47;05
Unknown
Did I do something wrong? Yeah. Like, what do you need me for me

01;23;47;05 - 01;23;51;15
Unknown
right now? He he's great. Dude. Yeah.

01;23;54;23 - 01;23;56;26
Unknown
I agree, very similar.

01;24;01;11 - 01;24;06;20
Unknown
Yeah. That's you. Brian? That's your man. Yeah, right. And same thing.

01;24;06;20 - 01;24;17;15
Unknown
Great man of faith, you know, good in a Bible study to have had Bible study within that same time. Solid business guy. Ryan and I did a video last year. It's fun to do one with him.

01;24;17;15 - 01;24;23;08
Unknown
He just seems trustworthy too. Like the type of guy he's just no, no B.S., I tell you what it is.

01;24;23;10 - 01;24;35;26
Unknown
Take it or leave it. Yeah, that's for the guys. Yeah. And he's awesome. I have a ton of stuff for him. I also like what you learn from John Paul Smith, but please send us that list for sure. And yeah, it was a good one.

01;24;35;26 - 01;24;38;12
Unknown
I can't remember where it's at, but I definitely have it somewhere.

01;24;38;12 - 01;24;41;02
Unknown
I know I have it saved on my documents or something.

01;24;41;04 - 01;24;45;27
Unknown
We'll make sure it's from the real Dearborn. Yeah. Okay. Any anything else on that you're

01;24;45;27 - 01;24;51;05
Unknown
working on or want to share before before we were out?

01;24;51;26 - 01;24;54;25
Unknown
You and your buddy, like, coming in here asking all these

01;24;54;25 - 01;24;55;13
Unknown
questions.

01;24;55;13 - 01;24;59;29
Unknown
Yeah, yeah, I gotta keep you guys, right? Yeah, I know Pat. Would he do it?

01;24;59;29 - 01;25;01;22
Unknown
Yeah.

01;25;01;22 - 01;25;05;21
Unknown
If you could own one building in Grand Rapids, which, I mean,

01;25;05;21 - 01;25;07;15
Unknown
the park at Ellis parking.

01;25;07;17 - 01;25;10;05
Unknown
Oh, yeah. What?

01;25;10;05 - 01;25;14;12
Unknown
I'd. I have to be thinking that.

01;25;14;12 - 01;25;17;23
Unknown
Any building?

01;25;18;05 - 01;25;28;18
Unknown
Give me the art museum downtown. Yeah, and if a tornado happens, it's not the worst thing in the world. There'll be a vacant there.

01;25;28;18 - 01;25;33;23
Unknown
I don't know. I don't even know where to start. What do I do?

01;25;33;23 - 01;25;36;13
Unknown
I really like a hundred grand old. And I building,

01;25;36;13 - 01;25;41;01
Unknown
Oh. That's cool. Yeah, maybe if I want to have, you know.

01;25;41;02 - 01;25;42;01
Unknown
Yeah,

01;25;42;01 - 01;25;43;19
Unknown
it's a good spot.

01;25;43;19 - 01;25;44;29
Unknown
I like that one.

01;25;45;05 - 01;25;48;03
Unknown
Where does the actual building going?

01;25;48;03 - 01;25;58;01
Unknown
the new one? Yeah. Isn't that right across the street? Is that. I thought there's a parking lot there. I parks that. Yeah, I think that's on. That's where they're putting it. I thought that's where the next tower is going to go.

01;25;58;01 - 01;26;00;03
Unknown
Okay. That's what I thought too, but I wasn't sure.

01;26;00;03 - 01;26;12;00
Unknown
Yeah. In my mind this I think I believe so is that one starting this year to I don't know. How do you know? I don't think so. No. Goodness. Yeah. How to change the roads. Yeah,

01;26;12;00 - 01;26;23;09
Unknown
yeah. So I think my answer to your other the broker question is this like just borrowing like you see a good idea from somebody even for the rare time, maybe I see a good idea from General

01;26;23;09 - 01;26;26;15
Unknown
But really, it's

01;26;26;15 - 01;26;26;20
Unknown
like,

01;26;32;01 - 01;26;35;01
Unknown
take that idea and implement it? Yeah.

01;26;40;11 - 01;26;43;02
Unknown
No, no no I don't like

01;26;47;02 - 01;26;53;22
Unknown
But twice as much work for time. Yeah.

01;26;58;16 - 01;27;09;08
Unknown
It's. Yeah. Like that way. Just closing a deal. I really it's craziness. Yeah. I think,

01;27;09;08 - 01;27;20;20
Unknown
and yeah, I think it's going to be a lot of fun over the next. I mean, there's obviously, I'm sure going to be things that always suck, but next five, ten years with everybody and seeing how it all shakes out. And whereas an

01;27;20;20 - 01;27;24;11
Unknown
to be fun, I see a lot of upside, I do too.

01;27;24;11 - 01;27;32;02
Unknown
I mean, we live in a great area. Like the fun thing about West Michigan is like even with interest rates and everything, and everyone is sitting on cash like you're seeing it now.

01;27;32;02 - 01;27;33;24
Unknown
It's like, well, we're not going to a bank,

01;27;33;24 - 01;27;34;24
Unknown
it was. Yeah, so I'm

01;27;34;24 - 01;27;39;07
Unknown
going to go to address, I'm gonna go to and say they want to I'll put in 330 minus building

01;27;39;07 - 01;27;45;20
Unknown
Yeah. And I yeah. Like, you know what? There's maybe Chris. Yeah.

01;27;45;20 - 01;27;50;18
Unknown
The other Chris friends that go to a bank

01;27;50;18 - 01;27;53;07
Unknown
and they gain a lease anyways like. Yeah

01;27;53;07 - 01;27;54;18
Unknown
not put a note on it.

01;27;54;18 - 01;27;59;00
Unknown
Yeah. No. Yeah. blessed to live here. Honestly.

01;27;59;00 - 01;28;03;13
Unknown
Yeah. Great place to live and raise a family and everything for sure.

01;28;03;14 - 01;28;04;24
Unknown
Any final thoughts?

01;28;04;24 - 01;28;17;05
Unknown
That way. One last question. Is the app still live? What? One. Three three? Yeah. I didn't want to do. I got out of it and 17. Can you can you say what it is? That would be Prince Rainier. Cam okay.

01;28;23;00 - 01;28;43;11
Unknown
You should have. You should have negotiated like a royalty fee or something. kickback. That's great. Yeah. That's correct. Yeah. My advice is don't have idea. Attention deficit focus and look. Yeah, just get that done. Yeah. Hear that? Cool. Anything else you want to leave? Let's leave us with before. No. I appreciate you guys.

01;28;43;17 - 01;28;46;04
Unknown
No. Thank you. I'm doing this.

01;28;48;23 - 01;28;50;01
Unknown
your friend legacy

01;28;53;21 - 01;28;56;18
Unknown
Oh, my gosh, I'm so hard on, My

01;28;56;18 - 01;29;07;01
Unknown
good. Oh it is. Yeah. And I'm sorry. I forgot your friends. Pat Pat Pat left. Pat left where he went.

01;29;07;01 - 01;29;08;29
Unknown
Yeah, but he's

01;29;08;29 - 01;29;15;11
Unknown
trying to go by the water tower. He's talking to his friends.

01;29;15;11 - 01;29;17;17
Unknown
It's. Yeah,

01;29;17;17 - 01;29;18;19
Unknown
I'm all

01;29;18;19 - 01;29;30;27
Unknown
Yeah, I.