Appraisals, Land Flip, Commercial Condos, And More (Office Hours)

Key Takeaways: Tyler discussed his end-of-year planning rituals, including an annual tradition of writing down and burning things he wants to leave behind from the previous year. He shared insights from the CRE accelerator mastermind, highlighting the value of being part of a supportive community and learning from experts in different niches. Tyler talked about challenges with appraisals and how to proactively provide data to the appraiser to improve the valuation. He emphasized the importance of goal-setting, using SMART goals to break down lofty objectives into actionable daily tasks, especially for the brokers mastermind group. Tyler shared his personal goal of working 3 days a week in 2025, stressing the need to be selective with his time. He discussed the pros and cons of commercial condos as investments, generally advising against them due to potential HOA management issues. Tyler provided advice on financing strategies for adaptive reuse projects, suggesting reaching out to multiple lenders and pitching to potential investors. He highlighted the challenges of investing in coastal areas due to rising insurance costs and climate-related risks.