Totally hooked by Robert Kiyosaki's Rich Dad, Poor Dad book, Sean took the time to learn more about real estate investing. Having been through the hustle and grind of establishing a career in real estate, he has seen the dynamics of the market and has successfully represented his clients on the purchase, sale, and leasing of hundreds of millions of dollars of properties.

In today’s episode of theExpert(ish) Podcast, our guest, Sean Bascom will discuss the commercial side of real estate investing especially for transitioning service members.

Furthermore, he will provide his insight on the future of office markets now that people can work from home due to COVID and his passion project of helping young people develop their self-esteem through mountain biking.

Sean Bascomis a Commercial Real Estate Broker and the VP at South Coast Commercial. He specializes in the brokerage of commercial properties, primarily multi-family assets throughout San Diego. He is well versed in strategies that maximize returns, minimize taxes, and have an overall positive impact on his clients.

A passionate mountain biker, Sean has made an impact on the lives of young people through Sprockids, an instructional program designed to engage young people, ages 6 to 18, in mountain biking. The program teaches off-road skills through drills, games, and fun activities while tracking individual progress. Cycling provides a positive focus for youth, develops self-esteem, provides kids with a strong sense of community, and introduces them to a healthy active lifestyle.

Enjoy!

If you are looking for an inexpensive and super convenient healthcare option, check out SkillMil Telehealth Services. It's a program that works well as a supplement to VA health care.

Simply click on telehealth services on their website, fill out the basic info, and use the referral code Expert(ish) Podcast in the dropdown menu to get started.

In This Episode

1:14 - Backstory of Sean Bascom and how he got into real estate investing

7:59 - The process of starting a real estate business

13:47 - How Sean met his business goals

17:04 - A scenario where he finds great deals on a not so good market

23:42 - His thought process during the early stages of his investing career

26:59 - Sean’s speculations on the future of office markets after the work-at-home setup during COVID

36:09 - Understanding the ABC classification system for real estate properties

42:52 - How commercial agents are compensated

57:56 - Sean's approach to helping people get an office or retail space

1:05:07 - How his passion for mountain biking led to the creation of a large non-profit organization

Favorite Quotes

"Two years ago, we were at 5% and that was still great, right? Like in the grand scheme, that was still amazing. Yeah, I think a historic average interest rate is a plus or minus 7%. So I feel anything five or less, it's an insane deal." - Jay Johnson and Sean Bascom

"To me, the coolest part isn't just the transaction, it's being involved when you do networking and get around people and the opportunity you have for yourself." - Jay Johnson

"The VA loan is the best loan product on the market, period. You can get a VA loan and get two, three, or four units. Leverage it to what you're comfortable with." - Sean Bascom

"The thing with apartments is if you're capitalizing the rent, as the rents go up the value just follows. I don't see that trend slowing down. I think we front-loaded a lot in the last year and a half, but I don't see it reversing in any significant way." - Sean Bascom

"I think a lot of companies realized that a lot of their people can work remotely. For some companies, it's savings. On the institutional side, it's going to be interesting to see what kind of absorption the office market has." - Sean Bascom

"In a business, your outcome is your income. But for non-profit, it's positive social change" - Sean Bascom

Engage with Sean Bascom

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Connect with Expert(ish) Podcast Host JAY JOHNSON

Call (858) 925- 4536

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