“One thing I love about real estate is that I don’t have to worry about Twitter devaluing my asset or my investment 20-30% overnight or at a moment's notice. I don't have to worry about what's going on overseas, potentially impacting our investments”
Wayne Courreges III is a very interesting person. He has over 15 years’ of experience leading teams to maximize property value by effectively operating and managing commercial real estate properties. Go give him a follow on LinkedIn at https://www.linkedin.com/in/wacourregesiii/.
Now, Wayne leads CREI Partners as the Lead Sponsor and General Partner. For more than 13 years Wayne has worked with a Fortune 150 commercial real estate firm leading property management services of 4.5M+ square feet for both institutional and non-instructional clients over his career.
Fun Fact: He was a Boy Scout, in the Marines, and real estate is his passion.
In this episode we discuss:
✅ Eagle Scout
✅ Marine Corps Corporal - Japan
✅ RaiseMasters
✅ CPM Designation
✅ Real Estate Professional Status
✅ Marathon Oil Tower
✅ Build to Rent (BTR)
Great quotes from the episode include:
“When you are putting in an incredible amount of money to reposition and renovate the exterior, what you don’t think about is that it's more than just the physical change. You have to change perspectives and the mindsets and everything from the employees to the residents to locators and property managers.”
“Definitely get in touch with an accountant that understands the rep status because if you work over 750 hours a year and that's over 51% of your total hours worked, then you can cancel out all of your taxes from income with losses in real estate.”
“Real estate is not rocket science. It’s business, and every property is a business plan, whether it's a single-family home, multifamily office, or storage.”
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