Nov 10 2020 52 mins 2
I had the honor of talking with a local favorite in San Antonio, Texas, Bethany Babcock. She founded Foresite Commercial Real Estate in 2014, which has been one of the fastest-growing commercial real estate firms in South Texas. Only four years later, she was named by the San Antonio Business Journal as one of the “40 under 40.” Bethany has guided her company in managing more than $100 million in retail investment properties throughout Texas thanks to her team’s passion for education and development of its people. Let’s get to know Bethany more and learn how you can be a standout buyer in the real estate world. [00:01 - 08:40 ] Opening Segment How’s Bethany Babcock Bethany shares the asset classes they cover and their area of expertise [08:41 - 19:23 ] Waiting or Going Ahead Bethany talks about their “incredibly humbling” start in the business She shares a few tips on growing a company that you’d not want to miss! She talks about the adjustments their company is making during the COVID-19 pandemic [19:24 - 28:00 ] Taking the Accounting into Account Bethany talks about triple net leases She tells us the importance of working with an experienced property management team Find out how they handle their accounting Interview their other clients Ask them for examples of what they will report to you [28:01 - 41:24 ] Being a Standout Buyer Bethany shares some secrets for an inexperienced buyer to stand out in the real estate industry She tells us a few magic words investment sales brokers would love to hear from you She talks about cap rates in San Antonio before and during COVID-19 [41:25 - 52:30 ] Closing Segment Bethany talks about their interactions with sophisticated buyers and what sets them apart from everyone else. She tells us more about their passion for education and development of people in the real estate world. Connect with Bethany. See links below Final words from Bethany and me Tweetable Quotes: “In crisis, there is opportunity.” - Bethany Babcock “Start doing your due diligence fast and be willing to say ‘yes’ or ‘no’ and move on quickly.” - Bethany Babcock “Personality is a big deal when you’re dealing with someone.” - Bethany Babcock Resources Mentioned: Marcus & Millichap ------------------------------------------------------------------------------------------ Connect with Bethany on LinkedIn or call her at (210) 816-2734. Visit their company online and on LinkedIn, Facebook, Twitter, Instagram. Guest Email: [email protected] Connect with me: https://www.5tcre.com/ Facebook LinkedIn Instagram Watch 5T CRE on YouTube Leave us a review and receive your free ebook Email us --> [email protected] Support the show (https://www.buymeacoffee.com/5Talents)
