An Overview of the Evolution of the Tucson Real Estate Market Over the Past 50 Years | Subscriber

With these new skills, I was able to identify commercial properties that could reward my clients with an annual ROI of 20% or more.

If you believe and invest in your own transactions, you will find investors who are willing to invest with you. Now you are the Sponsor, Managing Member of the LLC, Buying Broker, Developer, Property Manager, Supervising Contractor, and Selling Broker. (Unfortunately, you are also the guarantor of the loan… but that’s another story).

You can earn money by providing all of these services to your partners. If your investing skills are good, you will have partners for life. While giving advice to an old man, use sunscreen, take risks, differentiate yourself as an expert, get more education, teach others your skills, treat people fairly and don’t go into debt never seriously towards someone who says they cried at the end of Scarface.

Q. Where is the market going in the next 10 years?

A. I do not know. I will not be there. As economist John Kenneth Galbraith once said: “Economic forecasts only exist to make astrology look respectable.

Q. Is there a particular project or transaction that stood out for you?

A. In 1996, we purchased a monumental failure of a 109,000 square foot shopping center. You call it The Plaza at Williams Center. It was a “real estate” bank and 50% vacant.

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