Lessons from 30 Years and $500 Million in CRE with Ben Reinberg

Passive Wealth Strategy Show - Real Estate for Busy Pros

Apr 13 2023 • 33 mins

Today, we are joined by Ben Reinberg, a highly successful commercial real estate investor who owns over $500 million of properties across the United States. Starting at a young age, Ben has honed his commercial real estate investing expertise, focusing on asset classes like industrial and medical properties.

In this conversation, he shares his insights into the market trends that have shaped his investment decisions. Ben emphasizes the importance of flexibility and adaptability in navigating changes in the real estate market. Ben also stresses the importance of personal development in achieving success as a real estate investor. He shares his routines that involve meditation, yoga, journaling, and consistent effort. Throughout this engaging conversation, Ben highlights the need for constant action, strategic planning, and a long-term perspective in building a successful real estate business. He offers solutions for higher interest rates and emphasizes fostering relationships through old-fashioned communication methods like calling and texting. Tune in to this insightful episode to learn from one of the most successful commercial real estate investors about how to succeed in this exciting field!

[00:01 - 07:29] Opening Segment

  • Welcoming Ben to the show
  • Ben's company, Alliance Consolidated Group, manages office, industrial, retail, and medical office properties across the US
  • Ben is also building his brand through social media and his podcast

[07:30 - 14:28] Insights on Market Changes and Staying Ahead of the Game

  • Key to commercial real estate is the ability to hold through cycles and protect the downside
  • Shifting from office to industrial, retail, net lease, and medical properties
  • Retail has soft spots due to online shopping and lack of density in certain areas
  • The general office is challenging due to the remote workforce and loss of human connection

[14:29 - 19:31] Preparing for Higher Interest Rates

  • Real estate investors should have a plan for higher interest rates in the future
  • Risks of higher interest rates include debt service coverage ratios and property appraisals
  • Solutions to these risks include creative refinancing and good relationships with lenders
  • Personal development is vital for success in real estate investing

[19:32 - 26:20] Ben's Secrets to Success Through Personal Development and Relationship Building

  • Eliminate fears and self-disempowering talk
  • Focus on personal development and love for oneself
  • Look for lessons in everything, seek the truth
  • Be open-minded and listen to different perspectives
  • Set monthly, yearly, and three-year goals with commitment and accountability

[26:21 - 33:50] Closing Segment

  • Best investment: investing in yourself
  • Worst investment: investing in the wrong people
  • The most important lesson learned: focus and lean on your relationships

Quotes:

"The key to commercial real estate is the ability to hold. And if you can hold, you can ride through different town turns and cycles." - Ben Reinberg

"The key to goals or anything in life is being committed. But the most important thing is having someone keep you accountable." - Ben Reinberg

Connect with Ben!

Website: www.alliancecgc.com

Personal website: www.benreinberg.com

Podcast: https://podcasts.apple.com/us/podcast/ben-reinberg-i-own-it/id1626923659

Invest passively in multiple commercial real estate assets such as apartments, self-storage, medical facilities, hotels, and more through https://www.passivewealthstrategy.com/crowdstreet/

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Join our Passive Investor Club to access passive commercial real estate investment opportunities.

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