It started with a duplex and grew to hundreds of thousands of sq feet in commercial real estate.  For over forty-five years, Richard Anderson and his wife have been Investing in Real Estate. Before real estate, Richard learned from his grandfather who suffered some significant losses in the stock market crash.  He taught Richard about investing in the stock market and specifically about two stocks: Disney & Woolworth. In a few years Richard had enough for a downpayment on Seattle duplex with owner financing.  The duplex needed some work, but he and his new bride were now invested in real estate.   They lived in one unit and rented out the other.  They were thrifty.  Richard did all of the construction work, electrical, plumbing, carpentry and his wife, tended to all of the landscape and gardening. The sale price was $10,000, and the seller carried a note for $9,000.   Four and a half years later they had saved some money and sold the duplex for $15,500.  Not a bad return almost 50% return in less than five years.   The next property was a 13 unit townhouse style apartment building with a courtyard.  He and his wife now had two small children, so he converted two units into one unit for additional living space.   The lessons he learned from his grandfather, made Richard a cautious investor.  After some thought, Richard came to the conclusion, if a depression occurred and he lost everything, what’s the difference if you owe $1,000 or $100,000? Since then, Richard and his wife have invested in; Retail, Restaurants, Apartments and Warehouse from Washington to Florida and several points in between.

Weed, Cannabis, Mary Jane, no matter what you call it, there is a growing demand for Cannabis Friendly Real Estate Investors willing to rent to space to cannabis business owners.   Retail & warehouse space are in short supply.  New legal cannabis business owners are looking for a place to call home near you.   I had the chance to speak with Ryan George of 420property.com .  Ryan recognized the demand and developed a marketplace for cannabis friendly landlords and tenants to connect. Subscribe: itunes   blogtalk radio How big is the legal cannabis business? The National Football League is estimated to generate $12 Billion in annual revenue.  The Legal Cannabis business is projected to be a $7.1 Billion business by end of 2016. In its fourth edition of The State of Legal Marijuana Markets, ArcView Market Research predicts that the legal cannabis market will see a massive $21.8 billion in total annual sales by 2020. What are the Challenges? The industry education process is full of industry trade shows, ballot measures, and public discussion.     The industry needs legitimate business owners and operators.   Financing, Real Estate, Banking are all challenges for the business.     For more information go to: www.420Property.com Email: rgeorge@420Property.com Ph: 925-478- 9805

The Horsepower of Leverage is the secret sauce in Real Estate Investing.   This is the aha Erik Stark and his partner figured out after successfully buying and wholesaling a deal using none of their money. This lesson has proved critical to their growth in Detroit, MI and now sunny Florida. Erik’s experience in flipping goes back to his childhood, riding bikes.  He had fun, tricking out bikes he found in the trash and selling them to his friends and others for a profit.   Subscribe: itunes   blogtalk radio Upon graduation from high school, Erik was all set to start a career in real estate.  However, due to lack of interest, the class was cancelled, and Erik thought it was a sign to run from real estate. A few years after high school, Erik reconnected with a good friend from high school, Steve Mills.  They quickly realized they were of like mind in their entrepreneurial spirit. The Horsepower of Leverage. Since their beginning, Erik & Steve have done over 400 flips.  They have found unlimited capital to fund their deals, created a top 100 list of target properties they want to acquire including, single family, multifamily and retail.   As the margins have been squeezed on flips, they have been able shift into wholesale and development and look elsewhere to expand their real estate empire.      

Are you an Entrepreneur?  When did you realize it? Early on, my guest Adam Cohen, recognized an opportunity others did not. This is a Special Side B, addition to my interview with Adam Cohen.  If you have not yet heard the first interview, I encourage you to check it out.   http://jdarringross.com/real-estate-investor-instinct-trust-gut/ At the age of sixteen, Adam had what every sales person or business owner dreams of.   Unlimited demand and no competition.   Subscribe: itunes   blogtalk radio Adam was one of the first to have a cell phone.  When they first came out, everyone wanted one, but did not know how or where to get them.   Since Adam had one, everyone asked him to get them one.   When asked how much, he threw out a price that was ten times his cost, and nobody flinched.  The phones cost him £500, and people were willing to pay ten times that: £5,000.   Before long, Adam had a closet full of cash and a curious father.  Soon he opened his first store, against the recommendation of friends who thought he was crazy.   Crazy like a fox.   This was the beginning of Adam’s recognizing what others do not,  And most importantly, acting on his gut instinct. Adam sees things differently.   He has the ability to see things differently.  To go in when others say it can’t be done.