Jason Richards @SimpleCRE

I like real estate and LP investing. Principal of a CRE firm/fund. Former @NAIGlobal Board Chair. *Not selling a course. linkedin.com/in/jasonwricha… Greenville, SC Joined December 2020

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Jason Richards @SimpleCRE

a day ago

Newly listed fire station property in our market. I feel like there are so many possibilities to repurpose. Any ideas? Anyone seen good examples of fire stations being converted? (Bonus if you have a photo)

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Jason Richards @SimpleCRE

2 days ago

I'm keenly interested in repurposing of empty church properties. It was just announced that this one is going to be redone as a 31 unit affordable housing development utilizing the existing shell. Look forward to the interior shots when it's done. Love the creative reuse!

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Jason Richards @SimpleCRE

4 days ago

When I find an off-market real estate opportunity, I often feel like the quality of the seller's record-keeping is inversely related to the quality of the deal. If you get financials that came off a dot matrix printer (or even better - handwritten!), you've found a gold mine.

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Jason Richards @SimpleCRE

5 days ago

Looking through historical photos in Google Street View is wild. This corridor is a great example of what happens when a city incentivizes private investment to re-energize a submarket.

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Jason Richards @SimpleCRE

6 days ago

The first person to start using “vintage” instead of “used” to sell clothes was a genius.

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Jason Richards @SimpleCRE

a week ago

My mental health really improved when I learned to differentiate between "problems" and "inconveniences." Perspective is important.

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Jason Richards @SimpleCRE

a week ago

It does NOT matter how much the seller paid for the property. Hard to swallow sometimes, but that's just how it works. Hopefully, whoever buys it from you will feel the same way.

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Jason Richards @SimpleCRE

a week ago

Just saw a new construction single tenant net leased deal. Initial term is 15 years of FIXED rent. That's effectively a rent reduction every year. No thanks.

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Jason Richards @SimpleCRE

2 weeks ago

Number one focus when starting your career: being in the room. That can be a boardroom, coffee shop, bar, golf course, whatever. Be wherever people are having consequential discussions. That leads to learning and relationships, builds credibility and creates opportunities.

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Jason Richards @SimpleCRE

2 weeks ago

Great buying opportunity if you're a commercial real estate investor: - Listing broker sends out deadline for "FINAL call for offers" - Deadline passes - Four weeks later, the broker blasts out flyer for the same property Seller's expectations have been reset - time to pounce.

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Jason Richards @SimpleCRE

2 weeks ago

When I moved here in the 90s, the place I am standing was a gravel lot surrounded by half vacant dilapidated buildings. The area was not at all a destination on weekends. I’m glad my city understood that working with developers can truly build a community.

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Jason Richards @SimpleCRE

2 weeks ago

Prime example of why you shouldn't buy a rural dollar store: DG does great, but why renew in a 20+ year old building when they can build their new concept literally next door? Now the out of market investor is left with a vacant metal building in the middle of nowhere.

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Jason Richards @SimpleCRE

3 weeks ago

Lesson from a bad investment: I bought an office condo, and the park's association was a mess. My tenant suffered greatly and left. With any condo purchase (commercial or residential), get the association's meeting minutes during the due diligence period. It will reveal a lot.

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Jason Richards @SimpleCRE

3 weeks ago

Decided to take a walk instead of watching football. I think I made the right choice. Not sure I’ve experienced a more beautiful evening along this path. Perfect.

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Jason Richards @SimpleCRE

3 weeks ago

One of the easiest ways to find your next real estate deal is to be cordial and easy to work with on your current deal. The sellers and (more importantly) their broker will remember that. Easy buyers who perform get the first call when there is a new opportunity.

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Jason Richards @SimpleCRE

3 weeks ago

Life tip: Just because someone is wrong doesn't mean you have to acknowledge it or try to correct them. Understanding when it's appropriate to keep quiet and let an incorrect statement pass is a talent that will help you greatly in business (and definitely in marriage).

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Jason Richards @SimpleCRE

3 weeks ago

One of my favorite houses in Greenville is for sale: a 1929 structure downtown that was previously a synagogue and several churches. It was converted to a home about 15 years ago. Amazing bookshelves and a really cool bedroom under the dome. Incredibly unique!

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Jason Richards @SimpleCRE

4 weeks ago

Went to look at a potential office building acquisition. Probably the biggest indicator that I found a diamond in the rough was the AV setup in the CEO's office. Yes, this is a real photo.