Nov 5, 2019
Commercial real estate presents great opportunities, but many find the space too complex to learn. Dorian L. Carter has been in commercial real estate for 14 years, focusing on retail, industrial, land development, and affordable housing. Dorian hosts the Real Estate Wealth Generator Podcast and wants to see more investors, especially minorities seek out commercial opportunities. Today, he talks about his vision and why he likes medical offices in rural areas and in-fill industrial opportunities in the current market.
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Key Insights
- Located in Charlotte, NC and hosts Real Estate Wealth Generator
- Started in residential and then took a class on commercial properties
- Focused on retail starting out in underserved communities
- Minorities make up less than 2% of the commercial real estate industry
- To reduce risk: partner and pool our money
- Bullish on medical offices in rural areas and in-fill industrial
- IRR is one of the key metrics used for evaluating opportunities - usually higher IRR projections imply higher risk
- Wants to get more investors and minorities into the commercial sector
- Easy ways to get into commercial real estate: tap old employer retirement accounts, look into your neighborhood, pool your money with others
Bull’s Eye Tips:
Failure to Success
Market crash in 2008
Most Recommended Book:
The Peeble's Path to Real Estate Wealth by R. Donahue Peebles
Most Recommended Digital/Mobile Resource:
Trello
Daily Habit
Prayer
Wish I Knew Starting Out
A degree is not necessary for commercial real estate
Wish I Knew Last Year
How much he impacts others with what he says and does
Real-World Advice
Manage your money now and limit debt.
Advice to Ignore
Don’t listen to people who haven’t achieved success
Current Curiosity
How his efforts will impact future generations
Best Place to Grab a Bite
Pinky’s
Connect with Dorian:
Email: realestateweathgenerator@gmail.com
FB / IG: @realestatewealthgenerator
Website: https://www.doriancarter.com/
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