00:13:00 Cherif Medawar: Welcome to the JULY CRE DealPRO Call! 00:28:23 CJ: how would a tenant broker get paid in something like this & what closing cost would we be responsible for? 00:29:25 Cherif Medawar: Reacted to "how would a tenant..." with πŸ‘ 00:32:41 Todd Silverstein: Cherif, I found the property that's a former 7-Eleven, but the agent won't return the call. I was wondering, since you have a relationship with 7-Eleven, could you possibly help me get in contact with 7-Eleven and find out what's going on with that property? 00:33:39 iPhone (604): Got here late, did I miss anything? 00:33:46 Cherif Medawar: Replying to "Cherif, I found th..." I'll get the info for you 00:33:50 Cherif Medawar: Replying to "Got here late, did..." who is this? 00:34:31 Cherif Medawar: Reacted to "Got here late, did..." with πŸ‘ 00:35:10 iPhone (604): Replying to "Got here late, did I miss anything?" Pablo 00:36:54 Basil Gilliam: Thanks Cherif ! 00:36:55 Todd Silverstein: Replying to "Cherif, I found the ..." Is this right here where I'm writing private so I can give you the address and the phone number as well? 00:37:13 CJ: Reacted to "Thanks Cherif !" with ❗ 00:37:35 Cherif Medawar: Reacted to "Thanks Cherif !" with πŸ‘ 00:37:56 Cherif Medawar: Reacted to "Pablo" with πŸ‘ 00:38:16 Cherif Medawar: Replying to "Got here late, did..." He has not hit your questions yet. The replay will be posted Monday morning also. Good to see you. 00:42:40 Nathan Walldorf: I’m hearing and seeing that many QSRs are tearing down the restaurant and building a new one. Does that impact us as we try to place tenants in 2nd generation QSRs, but they just want to tear it down and build their own thing. 00:43:08 Abdul: What is your opinion about platforms like systes? Sytes pitches to landlords by acting as a reverse marketplace that turns cold outreach upside down: instead of owners pushing vacant inventory into a void, national brands and expanding tenants post their exact space requirements, allowing landlords to pitch their real estate directly to active, verified demand 00:45:24 Dr Sheryl: The .185 land (car dealership) is to be leased? 00:45:34 Cherif Medawar: Reacted to "The .185 land (car..." with πŸ‘ 00:45:35 Dr Sheryl: Right 00:46:55 Dr Sheryl: wouldn't be better to just work with the 1 acre?...and leave the dealership alone 00:48:51 Dr Sheryl: what's the cost to cut a road? 00:49:45 Cherif Medawar: Ishon is it ok to get the plot design to Todd? 00:50:03 Dr Sheryl: I see 00:52:43 Cherif Medawar: Replying to "What is your opini..." Abdul, I will get this question over to Cherif. I think he will want to look at the software, ok? 00:53:11 Cherif Medawar: Reacted to "I’m hearing and s..." with πŸ‘ 00:54:13 Cherif Medawar: Replying to "What is your opini..." The concept seems amazing, but many times these companies flake out and can't perform. Let me look into the company. But the concept would save everyone who is a JV alot of time. :) 00:55:52 iPhone (604): https://www.zillow.com/homedetails/1-Reparto-Industrial-Ponce-PR-00728/463242953_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare I have this land listed in Ponce, it is my grandfathers and the sale includes the development of apartment buildings with the permits. Is there a way that I could lock in a National Tenant or some QSR’s? It is 5-7 acres of land close to a Walmart and a Home Depot. Just opened my eyes to this after hearing you guys out. 00:59:10 Cherif Medawar: He is French Egyptian so he loves his visits to the south of France. 01:01:30 Cherif Medawar: Reacted to "https://www.zillow..." with πŸ‘ 01:03:19 Cherif Medawar: Replying to "https://www.zillow..." Pablo, the JV Program does walk through BTS, flips and long term NNN for this property. JVs sometimes train with Cherif on this for their own deals- not the assignment. Reach out to me and let me know if you are still interested in that event August 11. 01:05:47 Cherif Medawar: REIA Rico is the investor group in PR 01:06:44 Cherif Medawar: Pablo, we just did a Masterclass on how the structure works. I would start there to learn the mechanics and then we can get creative on the deployment and the business model and strategies you can deploy the capital in. 01:08:30 Irma: If I set up a fund and have people invest in my fund but I don't have a property, how do I pay interest to my investors? 01:08:51 iPhone (604): Replying to "Pablo, we just did a Masterclass on how the structure works. I would start there to learn the mechanics and then we can get creative on the deployment and the business model and strategies you can deploy the capital in." Where can I find that Masterclass? 01:08:55 Cherif Medawar: Pablo, here is a link for a 60 min free preview of the Masterclas and then the link to get the ondemand class. Let me know if you have any questions at all. 01:08:59 Cherif Medawar: Here's the link to purchase On-Demand CRC Masterclass - https://cherifmedawar.info/courses/offers/81f7046c-14c0-40a9-850e-4220f18148b9 01:10:21 Cherif Medawar: https://cherifmedawar.lpages.co/raising-unlimited-real-estate-capital-free-training/ 01:18:32 Cherif Medawar: Can you guys see his screen??? 01:18:46 Don McAlpine: Nol 01:18:51 CJ: no its a black screen 01:19:00 Abdul: Reacted to "Abdul, I will get ..." with πŸ‘ 01:19:03 Abdul: Reacted to "The concept seems ..." with ❀️ 01:19:04 Cherif Medawar: That's what I see also. I will tell him. 01:19:04 Anthony Lawson: Replying to "Can you guys see his screen???" It says screen share but it's blank right now. 01:19:12 Cherif Medawar: Reacted to "no its a black scr..." with πŸ‘ 01:19:15 Cherif Medawar: Reacted to "Nol" with πŸ‘ 01:19:21 Cherif Medawar: Reacted to "It says screen sha..." with πŸ‘ 01:19:47 Cherif Medawar: The June Replay is up on the University. Check it out of you missed it. 01:20:07 Cherif Medawar: yeah! 01:20:24 Cherif Medawar: Look at him getting all fancy with the screenshare. 01:21:06 Cherif Medawar: I will get this sample contract from him and upload it to the University. 01:24:46 Basil Gilliam: Reacted to "I will get this sample contract from him and upload it to the University." with ❀️ 01:25:40 Cherif Medawar: Yes, the 3QT Live JV Event is at his office in Old San Juan, AUGUST 11. We will also have Zoom running if you can't make it to PR. He's meeting with a new RE Fund Manager for their private training the day before. We can schedule your private 1-Day on the 12th. Let me know. 01:27:23 Cherif Medawar: This is the FREE hour traning Cherif did earlier this month about the Hybrid Fund structure. If you want to learn the structure you can take the Masterclass. It is ondemand as we just wrapped the live event on Thursday. https://cherifmedawar.lpages.co/raising-unlimited-real-estate-capital-free-training/) 01:28:16 Cherif Medawar: Is this smaple contract helpful for you guys??? If yes type EMAIL ME!!! 01:28:45 Basil Gilliam: Email me ! 01:29:13 Anthony Lawson: Email me 01:29:15 Cherif Medawar: The Raising Capital Masterclas is only $97. :) Here's the link to purchase On-Demand CRC MasterclassΒ  -Β Β https://cherifmedawar.info/courses/offers/81f7046c-14c0-40a9-850e-4220f18148b9 01:29:30 Cherif Medawar: Reacted to "Email me" with πŸ‘ 01:29:57 Cherif Medawar: As soon as he gives it to me I will get this out to y'all. Thanks! 01:31:53 Anthony Lawson: lol 01:32:25 Cherif Medawar: This is SOOOOO true. He is a man of SPEED. hahah 01:32:31 Cherif Medawar: Reacted to "lol" with πŸ˜‚ 01:35:03 Todd Silverstein: Replying to "Cherif, I found the ..." Actually, is this you who I'm communicating directly with? 01:36:47 Cherif Medawar: Replying to "Cherif, I found th..." Maybe just email me so it's safe 01:37:44 Cherif Medawar: Do you see the upside?!?! 01:41:28 Cherif Medawar: I know this is tedious but are you guys good with contract review like this? Would review of a contract or agreement each month be of value to you? 01:41:47 Cherif Medawar: We just want to check you like it OR we can skip. 01:46:22 Anthony Lawson: My only question is there any QSR companies that operate the business without us having to become a franchisee? (as an management company) I've seen some opportunities that maybe worth looking into. 01:46:38 Cherif Medawar: Replying to "If I set up a fund..." Irma, I thought Salvadiore was asking about a Fund, but I see he is going down a different road. I think the best is to schedule a call with you and Cherif to answer your questions and get deep on the strategy for you. Can I send you his availability and then set up a 20-min call for you guys? I want you to feel confident about the idea and your plan for the Fund. Will this work? 01:48:59 Todd Silverstein: Replying to "Cherif, I found the ..." Before you switch over to the next thing, I got two things to add if you don't mind. 01:49:31 Cherif Medawar: Cherif def. doesn't want you or he to get involved with a franchisee or become a franchiee. That's why he likes the NNN lease with a corp guarantee. Foxtail Coffee, Kelly's, BK, Wendy's, Anita Gelato, etc. 01:49:56 Cherif Medawar: Replying to "My only question i..." Does that make sense? 01:50:07 CJ: Outside of a corporate guarantee, what other types of credit or guarantee structures are you comfortable working with? 01:50:17 Anthony Lawson: Perfect, this is very helpful. This makes sense and Thank you Ashlee! 01:50:54 Cherif Medawar: Reacted to "Outside of a corpo..." with πŸ‘ 01:51:00 Cherif Medawar: Reacted to "Perfect, this is v..." with πŸ‘ 01:54:04 Edgar Aviles: Cherif and Ashlee, do you have a company who provides the Surety Bond? 01:54:05 Cherif Medawar: Ai is a great way to start an outline for an attorney when you are working on a legal doc, but not the way to create the doc. A local lawyer will know Federal, State, local laws to protect you. 01:54:17 Cherif Medawar: Replying to "Cherif and Ashlee,..." Let me ask 01:54:22 Cherif Medawar: Reacted to "Cherif and Ashlee,..." with πŸ‘ 01:55:42 Cherif Medawar: OUr next CRE DealPRO Mastermind Call is AUGUST 8th at 1PM EST | 4PM PST. We will send you the Zoom link the week of. Please get me your questions (ashlee@cmrei.com) on or before August 7 so I can cimpile a list for Cherif. I want him to have time to review everything and he'll be slammed that week as he's getting back from his trip. SOund good? SEE YOU August 8th! 01:58:09 Cherif Medawar: let there be light 01:58:41 Abdul: A follow up question as I think about it, after the six months, what happens to the original CD-secured loans? Do you continue making payments, pay them off when the CDs mature, refinance them into the new lines of credit, or does the bank automatically offset the loan against the CD? 02:00:17 Cherif Medawar: Replying to "A follow up questi..." Abdul, I emailed this over to Cherif and he'll get you the answer in writing. Sound good? 02:00:30 Abdul: Reacted to "Abdul, I emailed t..." with πŸ‘ 02:00:36 Abdul: Replying to "A follow up questi..." Thank you 02:03:33 Cherif Medawar: Replying to "A follow up questi..." Email sent 02:04:55 Cherif Medawar: Dates for your calender: August 8th next CRE DealPRO call, August 11th LIVE JV Partner Program 1-Day Training in PR at Cherif's office. And 2 slots open for August to file your Fund and have your private training to launch. EMail me if you want to know the dates to onboard. Thanks! 02:05:13 Cherif Medawar: Thank you for joining!