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NHL Aspirations To Commercial Investments With Tim Blake

NHL Aspirations To Commercial Investments With Tim Blake
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George El Masri [00:00:00] Ladies and gentlemen, Giorgio Nassiri here, another episode of the Well Off podcast is coming to you today. I interviewed the man, Tim Blake. Tim is a real estate investor and commercial realtor out of Grand Prairie, Alberta. So some of you may have heard of him. But the interesting thing is that he basically only focuses on commercial. Most of the people that I've ever spoken to that have invested in real estate are on the residential side. But he kind of does a combination or a hybrid version of what most people do in that he's investing in multiple units in the commercial space. So he'll buy like a building that has four different commercial aspects to it and rents it out to four different tenants. So he gets that stability from the rents. And he also mentioned to me that he gets significant cash flow by doing things this way, which is the cool thing, because he's able to basically replace his income through the cash flow that he's generating in these commercial properties. So it's a really cool strategy, not one that I had ever heard of before from anyone. And there's a lot to learn here. If you've ever considered the commercial side of things. And I know that with covid, things are a little bit tougher on the commercial end, but there are also opportunities there. So it's worth a listen. I hope you'll enjoy the content. As always, I ask you to leave us a review share with your friends and family. Let's spread the word. Let's get people motivated to invest and change their lives through real estate. And if you guys want to connect with me, all you have to do is go to well-off nauseate. My contact information is there. You can book a 15 minute call if you'd like to chat. And finally, if you want some free reports, well-off dossier for its report, enjoy the episode. We'll be in touch. Welcome to the Life podcast, where the goal is to motivate, inspire and share success principles. I'm here with Tim Blake. Tim is a full time real estate investor and commercial realtor from Grand Prairie, Alberta, and he focuses on high cash flow, commercial real estate and also gives people the opportunity to invest alongside him to make the jump from residential to commercial. So, Tim, welcome to the show. I'm happy to have you here.

Tim Blake [00:02:09] Yeah, thanks for having me. I appreciate your show and others like that. I've learned a lot of real estate podcasts. So if you want to see if I can offer some some insight as well.

George El Masri [00:02:17] Great. So the way I like to start off is by asking you about your childhood, if you want to tell me a little bit about where you grew up in a couple of things you remember.

Tim Blake [00:02:25] Sure. Yeah. I grew up up in this area in northern Alberta and played hockey life. Growing up was always my dream to play in the NHL, but didn't quite pan out. But I still love to play kind of with friends, not these days. And I kind of I started investing in real estate pretty young. I started at 18 but my first place and had my buddies move in and out of the rooms. And then I bought another one at 19 and kind of kept on going from there. Got hooked.

George El Masri [00:02:54] Really awesome. So your NHL dreams, what happened? How far?

Tim Blake [00:03:00] I only I only played up to Junior. I didn't didn't, didn't, didn't get too far along, but it was just fun and I still love to play.

George El Masri [00:03:08] Yeah. Did you, did you just give up on your dream at some point or what happened.

Tim Blake [00:03:12] Oh no. I kept on playing. I just wasn't good enough.

George El Masri [00:03:14] OK, fair enough. All right, Tim, so you started investing at 18 years old in real estate and then you made your transition at some point to commercial real estate. So can you tell us a little bit about that? Why did you start investing in commercial?

Tim Blake [00:03:28] Yeah, for sure. So like I said, I dabbled for a lot of years just in residential just long term rentals do a few flips here and there. But I really like the idea of commercial, just kind of the bigger, bigger numbers, kind of less less, I guess, drama and kind of just just more or less work for the same say for certain work for for more upside is kind of where I want to start going. So I kind of study it for a while and and decide to jump in and and really enjoy it. That's a definite my favorite avenue is the commercial. You know, when I say commercial, I'm more referring to like offices, shops, retail, that, that type of stuff. So that's kind of most my folks is that I still do do the odd flip and I do also some some other stuff like apart buildings. But that's my main focus. Is the commercial stuff OK.

George El Masri [00:04:18] And are you investing in Grand Prairie.

Tim Blake [00:04:21] Yes. Yeah. Grand Prix an area. So that lots of stuff here and then some surrounding areas of Sigrun for as well.

George El Masri [00:04:27] OK, so if we look at you've been investing for a while, so since 2002 from what I have in my notes here. So if in the last 10 years, what has the commercial real estate market looked like in Grand Prairie or in that area?

Tim Blake [00:04:41] Yeah. So I mean, going back ten years, I mean, I've been I've been in the commercial five years so I can kind of speak more and more. But it's it's it's been rough. I mean, we haven't had a lot of increase in values and rents, like has had some some challenging times the last few years. But I mean, there's still opportunity within in any challenge. And and so there's still opportunities to have to get good cash flow and properties. And and if they're well managed, you keep following and they can do very well because our cap rates here are a lot higher than a lot of other places. But we do have a bit more swings to our market. But I, I actually kind of like the swings because, I mean, this is an opportunity to purchase things at a good price and and as our value and and the plan for me typically is to hold long term. So I'm in it for the long haul. So I'm okay with a bit of swings.

George El Masri [00:05:35] OK, so can you kind of breakdown your your strategy? What do you look for. What some of your criteria what's what's the goal with these commercial properties. Can you walk us through that.

Tim Blake [00:05:45] Yeah. So, so say like my cookie cutter type deal would be to give an idea of what I've done not too long back into the four different days. So it's a four day shop slash office. They have a little bit of office in front and shop shop in the back. And so you have four different tenants. And the idea with those ones, I like to have multiple units that we never fully vacant because that is one of the the downsides of commercial real estate. If you do have vacancy, you can sit vacant for a while. So it's nice to have kind of spread that vacancy risk over over multiple units, whether it's on one property or just multiple property locations within the same same company. I'd like to do that. So so that would be a kind of a cookie cutter one for base, not one of the one Speaker Boehner spoke to just under sixteen thousand square feet. And there's a divide up into into four days and they would be typic. He would have, like I said, a small, smaller kind of shop office type 10 in there, and my goal with that would be just keep it long term. Typically, I'd buy it and then I'd bring investors in a lot of times after that, sometimes before, but bring investors in to join me on it. And and we just basically hold it long term for cash flow. And sometimes there's value out there where you can buy it under market, get the rents up and have that extra equity right away. Or sometimes if it's stabilized, if it's a good tenant, you can just hold it long term.

George El Masri [00:07:15] Yeah. So are you also. So is it just like a simple buy and hold or are you doing kind of that brother method where you're refinancing it or trying to refinance it as soon as possible?

Tim Blake [00:07:24] I wouldn't say typically as soon as possible, but definitely there is some element that where it would get the values up and refinance and pull some pull some money out of it. Also, I mean, with the commercial stuff, there's a bit more opportunity for vendor financing. So do a fair bit of that, will have the vendor care, the financing for three to five years and then maybe buy them out after that time. And hopefully the values have increased with it because the rents up in that. So that's a bit of both. But I mean, typically it's it's not like I'm immediately trying to get it get it refinanced in a year. Typically, typically the longer hold and again, with commercial, everything's a bit longer process or longer leads to longer vacancies or longer. So it's just a longer horizon in general.

George El Masri [00:08:09] Yeah. So to me it sounds like this strategy is more for that stability, for a stable investment you put your money in, it appreciates over time you're not trying to necessarily force appreciation and do a very quick refinance. It's more of a long term type of

Tim Blake [00:08:25] type of thing. Yeah, typically. But again, there is still there is still opportunity to to to put some appreciation into it with getting the rents of the rents are low or even vacant. I did one deal where it was a vacant building, so I was able to buy it at a discount because it was vacant. And in the process I was able to fill it with a tenant and then take that to the bank before closing. And right away we got the value up 10 percent just because now we feel that was a good tenant long term. And so there's that that equity right away there. So that's that's something that I focus on a lot, too.

George El Masri [00:09:00] And what kind of annual returns do you normally achieve?

Tim Blake [00:09:05] So what I my goal for my investors, my goal would be like between 10 and 20 percent. But that that that makes up from cash flow, mortgage pay down and some modest capital appreciation, which we haven't got a lot of appreciation here in the last even the last 10 years here. Again, I think we are due to have some some good appreciation here. But once the market gets gets better and and things start heading for the right direction. But that's kind of my typical. If I can't if I can't make my investor between that 10 to 10 and 20, 20 is on the high side. I never really would tell somebody that threats. That would be a good one for sure. I mean, when I'm looking at the cap rates on these buildings, I mean, if I can if I can get them between eight plus Kappos is kind of where I would want to be if I can't get there, you know, might not be on the buy, but shortly after, if I get eight, 10 on the high end, my kind of my cap rate goal for that kind of stuff.

George El Masri [00:10:02] So why aren't you seeing appreciation in the market? Is it is it because the rents haven't really increased or are there other factors that are that are playing a role here?

Tim Blake [00:10:11] Well, our our look, we're a very oil and gas dependent area here. And so we have that commodity issues with that. There's the pipeline stuff. There's political stuff I totally want to get into. But this has been very challenging for for our main employers lately. So we kind of we kind of start to get really busy and then things kind of oil prices come down. We kind of go back and forth. So but even right now, through through this, I mean, oil seems like it's kind of heading in the right direction, getting some pipeline, slowly getting getting out there. So there is some kind of very cautious optimism here. But like I said, the cash flows, I mean, I, I always look at depreciation as kind of a bit of a bonus. So the cash flow and an average pay down is what really, really is your safety net here? Yeah, sure.

George El Masri [00:11:03] So can you kind of share with us what your cash flow would typically look like, like what's the typical DCR or whatever equivalent of that would be?

Tim Blake [00:11:12] Yeah, yeah, yeah, on on a DCR, I mean, if if it's not like a one point five or better than I don't get too interested in it as far as Yeah. I guess cash on cash. I mean if I, if I'm not over ten, I'm not not too interested in that type of thing. Cool. Definitely. Like I like, I like the higher capital stuff and I don't mind to go into sometimes a bit smaller centers to get it as long as I'm comfortable with, with what I'm buying it for when the numbers and not. Yeah.

George El Masri [00:11:39] Yeah. And for anyone listening who's not maybe familiar with DCR, it's the debt coverage ratio. So basically the income is covering one and a half times the the mortgage basically with a one point five DCR like you're talking about. So so that's something you're looking for, which is great because, I mean, if you have enough of those properties, you're going to be generating quite a bit of cash flow. And that's the method and the style that works for you. So that

Tim Blake [00:12:09] that's great. That yeah, that's exactly that's basically my game plan, is to just hold these things long term and the cash flow very well. And you have a bunch of them and they work really well. Yeah.

George El Masri [00:12:19] OK, perfect. Now I'm curious what the tenants that you have, what, what do they typically look like. Like what businesses do they run. Do you have a lot of office space or is it a lot of retail. If you could share a little bit about that.

Tim Blake [00:12:33] Yeah, I mean in my personal portfolio I have a bit of a range. I mean, I have a couple that are oilfield services type companies. I've got one like a publicly traded company in an office space. It's also got but I've also got like your mom and pops of your small servicing like this small, small oilfield companies. I have I can go to church. I have a gym. So I have kind of a range of different different tenants because I'm not super picky on some guys will only focus on only office space. I mean, I'm basically an opportunity guy. So if there's a good opportunity for an office building or a shop, I mean, I'm kind of open to looking at them and like, make a deal. I'll make a deal on a lot of different spaces.

George El Masri [00:13:21] Yeah, for sure. Now, with covid, obviously the commercial space has been impacted quite a bit, retail, office space, all that. So what kind of impact has it had on your business and what adjustments have you had to make?

Tim Blake [00:13:35] Yeah, so it definitely has affected. I mean I'm lucky to most of my larger tenants are where oilfield shop office. So they still they're still there. They're still still moving along. They weren't shut down. I need a few smaller tenants of Jemmott Church who basically had to shut four different times. And here again, they're just constantly getting shut down. So, yeah, I have had to work with with them some government funding to to work with. And I just some have been having to eat, some eat some rent to kind of I just keep them afloat till till I can get back to it. So it's it's like I said, it's definitely had a negative effect, but it's, it's not nearly as bad as I kind of braced for it when it first kind of came on. And a lot of people kind of the same thing. We're expecting it to be really bad. But I mean, yes, it has been it has been negative and it it has pushed our rents down as well because our vacancy has crept up a little bit. US again, even even before we hit, we had some challenges in the oil field and with our pipeline capacity and the current government's what they're doing there. But so it was kind of in that direction before. And and covid really kind of exasperated that. But that we're seeing I think we're seeing some modest, modest optimism here that things are heading the right direction, at least as of today. But who knows?

George El Masri [00:14:54] Yeah, exactly. Well, I mean, it's a tough, tough place to be. Do so. Do you see yourself making any judgments moving forward or do you think you're just going to continue with the same strategy and maybe scoop up some deals now if others aren't able to hold on to their properties?

Tim Blake [00:15:12] Yeah, yeah. That's that's kind of it. I mean, I'm basically in a spot where I'm looking to acquire more, but obviously has to be on the right right numbers. So I'm looking at just keep doing what I'm doing. I mean, it's going well and even through the hard times, it's going well. So I'm looking at more more run the same direction. Another thing I do as well that has helps. I always like to keep large cash reserves, just so you know, especially in commercial links that you can't if a place was empty. I mean, it's not like a residential where you can sit next month kind of thing. It's you can be vacant, you can be a in a year or two. And that that can really, really hurt, especially if it's if you don't have a smaller portfolio, if you have to spread over more, it's not as big of a deal. But I always like to keep a large cash reserve because I find this that kind of the two things, that kind of thing, guys, are they they don't have the good cash flow and good cash reserves when something happens and then they have to become more big sellers.

George El Masri [00:16:03] Oh, yeah, absolutely. Yeah. What are your thoughts on, just out of curiosity, mixed use. Do you do you go into that or is that not really your your field?

Tim Blake [00:16:12] I don't own anything mixed use. I mean, I've looked it up. I've, I've, I've considered them, but just nothing is the numbers have never quite lined up an opportunity, but it's not something I'd be open to it if the right deal came along. Yeah.

George El Masri [00:16:25] What about converting some of your commercial spaces into residential? Have you ever looked into that.

Tim Blake [00:16:30] I haven't looked at not in mine. I mean, they're the only way I'd work here would be a very, very run down, very low, low cost building because our also our our our apartment buildings don't go for nearly what they do in Ontario. I mean, locally here, if you have an older building, they might go for eighty nine hundred grand a door where. So it doesn't wouldn't make sense to take an existing and going that route. But I have looked at, you know, looked at deals, but it would be hard, you have to get extremely cheap to make the numbers work on something like that. But it is something I'm always I have looked at.

George El Masri [00:17:09] Yeah. So just moving forward, what are like have you did you set any goals at some point for how many units you'd like to reach or anything like that, or are you just kind of just going along with it and seeing where it takes you?

Tim Blake [00:17:22] Yeah, I don't have a specific goal. I mean, I hope I can my internal cash flow goals I like to look to push for, but I'm just kind of the same kind of opportunity type of guy. I'm kind of looking for looking for opportunities. And right now I kind of expected more people to get more options, more deals to come up than have. But I'm always searching for more than that. So.

George El Masri [00:17:48] Yeah, yeah, definitely. And I'm just curious because I know, like with apartment buildings, a lot of investors will say whatever cash flow you get, you can't really you can't like you can't put it in your pocket. You've got to reinvest it into the buildings and whatnot. Is it the same thing for commercial spaces or are you able to set aside some of that cash flow because there's so much of it to kind of replace your income?

Tim Blake [00:18:11] Oh, no. One hundred percent. That's that's definitely that's why I like to focus on the large cash flow properties, because I definitely like to pull pull that out as income. I mean, I like to keep good reserves to cover any capital costs. But like I said, if I'm if I'm getting a bonus each ten cap, there's definitely there's there's money to be pulled out for for cash flow and for myself of my investors. That's definitely my focus where, you know, if you're looking at more of a value and waiting for appreciation type strategy, then your cash flow might be a little tighter. But I'm I'm looking from from the start or shortly after I want to get the building. So it's paying me versus versus just kind of coasting by.

George El Masri [00:18:50] Yeah. I'm assuming you're buying these buildings in a incorporations. Right. Would it be like in your personal name correct.

Tim Blake [00:18:57] Yeah, OK. I would typically if it's a building a decent size with it, with different partners, I would set up a new corporation and we just have different classes of shares. And I basically the the the day to day, all the management stuff. And I basically have silent partners in who basically collect dividends and kind of ride along.

George El Masri [00:19:17] Yeah, cool. Yeah. That's interesting because I mean, you have different options at that point. You can take the cash flow, pay yourself a salary or dividends like you said. So I like the flexibility there because you have so much cash flow.

Tim Blake [00:19:31] Yeah, for sure. I usually use dividends. It's just easier than instead of taking a salary I can I do mine a little differently. And some guys well I'll basically go in with a partner where we're we're completely aligned. We both get the dividend. If it's dividends, we get the same, if it's upside, that kind of stuff. I don't do a super complex structures where there's different mentalities and waterfalls and that kind of stuff that I like to just kind of keep it simple. We're kind of fifty fifty with the money part to be fifty fifty and do it that way.

George El Masri [00:20:00] Yeah, yeah. There's this trend right now. Well at least based on what I'm seeing, I have a lot of people are investing out of their province or out of their local market and whatnot. They're exploring other opportunities. Are you doing that as well or are you just like are you getting the kind of results that you want, where you are and you're happy to continue investing there?

Tim Blake [00:20:22] Yeah, I'm looking outside in the market just because just for diversification factor, I'd like to maybe have some some stuff in other markets just so when this market it's another recession, have a bit more diversity there. I find my biggest challenge. I find it I can't find the deals in other markets that I get here, not only from just like I'm also book cash, what cap rates are in other markets because they're typically lower. But also, I mean, being that I'm on the I'm a realtor, one of the reasons I became a realtor is like connected and tapped into everything. So I get deals that I wouldn't see other markets. I kind of get a lot of deals before they hit the market and have kind of access that way. So if I'm on my market, I do lose that advantage. But it is difficult today. I'm looking at do another market just for diversification factor. Like if I can make the numbers work, I just have a hard time with cap rates. I find other markets compared to what I what I can get here.

George El Masri [00:21:16] Oh yeah. Absolutely. Yeah, that's great. Is there anything that we missed here, because I, I mean I feel like we covered quite a bit in a short period of time. Is there anything else we should touch on?

Tim Blake [00:21:27] Well, I guess I could kind of talk to you a bit about like guys going from single family to commercial, some of the some of the differences and some of the pros and cons to kind of consider that some someone's looking to do. Sure. Yeah. So, I mean, one of the major differences when you're into commercial is just the expenses with expenses typically will get passed on to your tenant in commercial. So, for example, if your property tax goes up, it's typically you're in your lease where the tenant would pay the additional. Cost insurance, you can typically build them back for management. So even though you're self managed, don't you typically build the best management for for that? Again, very different from residential. And typically you'd have a little less drama, a little less. A little less to do in adults is there's not much turnover because you'll have more time. You'll have at least for three to 10 years. I mean, it's not uncommon to get the odd one short, but that for the most part, you have longer leases. So there's there's there's less less that way and typically a little bit less drama because it's time to reveal businesses versus someone personally. So there's a little bit less of that. There's a couple of the upsides and it's just kind of less liquid. If you're buying a one property, say it's a nine five. It's not that much more work than a couple of houses would be. So you're kind of doing a little bit less for four more gross rent and then more to the bottom line as well. So you do cash flow better when they're full, when they're operating well. So that's a couple of the kind of the the advantages to it. A couple of downsides. Obviously, it's a bit more to get into them, like a bit more cash up front to get into them. And you can have vacancies can last much longer. So you've got to make sure you have really good cash reserves and just know that you can you don't really want to have maybe one building. And then you're if you're fully back in there, you're still a long time. Whereas if you can spread that risk over properties or multiple years in that property, that that helps. So a lot of people, if to get over that stumbling block, might partner with people by building together to to get a bit of that opportunity to spread that risk over over multiple, multiple properties.

George El Masri [00:23:44] Yeah, that actually makes me think of something. So you said earlier that a lot of your leases are like three to 10 years. What happens if you have somebody there? They're trying something a year in. They realize their business isn't working and they want to end the contract. What would that typically look like?

Tim Blake [00:24:03] Yeah, so again, I'm speaking to Elberta. I don't know other promises, but I mean they're, they're basically on the hook for the lease until it's, it's out. I mean if they want out of it, typically they will try and sublease it and, and if you basically they'll find another tenant their cost to fill it. I mean but again it does happen where business will go. They can't do it. They go to business. So they would you would be you have to chase that just like you would have anything else. Typically if you have a new company or like a new tenant with not established but allowed to ask for personal guarantees on the leases for that protection as well. And that also another advantage to with the commercial is you don't have the same tenant laws that you have on residential. So if a tenant stopped paying rent to Britain, rent the lease where you could basically lock them out and and seize their stuff is almost the nuclear option. You want to do that. But that's actually typically the way to reduce is you can lock the doors and seize their stuff as opposed to going through multiple months, not through the courts. It's kind of simple that way. And yeah, and it does happen. More tenants do have to they can't can't make it. And that that can never happen. But you definitely more often they'll you'll still work with them to try and fill that space or or work out something that's supposed to where if a renter decides to leave, you know, also at midnight they're gone. It's not not put not sick. It doesn't happen. But you have a bit more security in your with your lease laws and that as well. And again, it all depends on the tenant. You have a larger tenant this month at allows. Well, that depends quite well on financials and that's the idea. What's what you haven't before you get it. But yeah, I think nothing's for sure though.

George El Masri [00:25:42] Yeah, I know you're not a lawyer, but just I'm curious to hear your opinion on the personal guarantee part. So if somebody provides a personal guarantee and they break the release for whatever reason and they're a year in, let's say they have three years left on their contract, you can pursue them personally, like you can go after their personal assets to cover the balance of the lease or whatever. Are you able to do that?

Tim Blake [00:26:05] Correct? Yeah, yeah, yeah. Basically, they basically they basically when the person gets it, it's like they're on the phone as they are in least personally or they basically said that no guarantee if if they can't if the company can't pay the bill they'll pay it. So yeah, it's it's pretty common. I mean, did that happen especially for for newer companies, guys starting out. But I mean, saying that I mean, a tenant shouldn't typically want to enter into a long term contract if they're if they're brand new. But I mean, there is sometimes if they're special, they're putting in tenant improvements to the property, which again, is something that happens, you know. So my comment is with the tenant will put a lot of money into the property so they have their vested interest to want to stay there and that. So, yeah, no, it definitely it definitely you have you have a bit more, I guess even even personally. I mean, you can still look on a residential same thing and you get you can ISTEP. Ethically obligated to the leases start, it's just it's much more common for them to just disappear and not worth your time chasing them, whereas on the commercial leases, it's it's more worth your time to make sure that they they adhere to them because, I mean, you could be vacant for another year, whereas if a residential tenant gives you a midnight move, I mean, maybe you'll break in a month a that rent is a lot you to move on. And yeah, I mean, it is pretty common for tenant to go and try and get over the lease and allowances. What do you have as much time as possible until, until it's done. And again, sometimes it's a matter of they just carry on and or they will try and sublease it. Or again, worst case they just stop paying and then you have have that to deal with. But it's definitely not as common for them just to take off on leases as opposed to residential tenant would be.

George El Masri [00:27:42] Yeah, definitely. They have a lot more to lose, whereas a tenant may not have any assets, may not have anything, maybe they even have bad credit. But like you're saying, if somebody is personally guaranteeing that they might have their home, they might have a nice car or something that that could be at risk if they don't pay their commercial lease. So definitely more reasons for them to pay. Makes sense.

Tim Blake [00:28:01] Yeah. Yeah, absolutely. Yeah. And and then I guess even just on the on the acquisitions, I mean it's, it's, there is more like we talked about earlier, about value add there's there's a bit more opportunities for that there because it's kind of scattered like the value of a building is is much harder to find on, on commercial and say residential, which is a signal to other comparables, very soon are sold to them. So you can you can sometimes get better deals if you find the right property, if there's a sell out, maybe more motivated, you can get construction, pretty, pretty good deals. And then also owner financing is often much more common in these transactions, partly because the typically the seller is also a business person and gets it more and they typically aren't selling their property. Buy another one. So there's there's more opportunity for that. And and if their rents are low and you can get the rents out there, is that that quick value, that opportunity there as well?

George El Masri [00:29:00] Oh yeah. That's awesome. So I appreciate you sharing all that. And so a lot of stuff that I wasn't too familiar with because I mean, I haven't really interviewed anyone who does commercial real estate like you do. And in fact, I think you're the first person out here who talks about multiunit commercial investments. That's that's pretty interesting, too. Yeah. Yeah. So I want to jump into the next section, which is the random five. So I'm going to ask you five random questions and you just tell me the first thing that comes to mind, OK? OK, the first one is, do you care about fashion and what style of clothes do you usually wear?

Tim Blake [00:29:36] Pretty casual. I don't care about fashion in general, but just kind of casual. If I'm if not at work, it's jeans and tee shirt, that type of thing, and nothing too fancy. I'm we're redneck's up here in Granbury.

George El Masri [00:29:46] So Grand Prairie, Alberta. There you go. Number two, if you had to choose your spouse based on just one question, what question would you ask?

Tim Blake [00:29:57] It's my wife right now to be here.

George El Masri [00:30:00] OK, so no questions for your wife. And you know, that's an OK, number three. What game do you always lose?

Tim Blake [00:30:12] Any time I play my wife cards of any kind. She's very good at cards. Yeah, and I'm not.

George El Masri [00:30:18] There you go. All right. Number four, what would a trailer to the movie of your life be like?

Tim Blake [00:30:28] Trailer to a movie of my life, I guess it would start playing hockey and then not making it and yeah, I just just Nesterov Real Estate and yeah.

George El Masri [00:30:43] The Yeah. Not making it in hockey, but making it in commercial real estate. That's that's all right. At number five, what's the clumsiest thing you've ever done.

Tim Blake [00:30:54] Clumsiest thing I have ever done actually playing hockey. Once I was on the bench to change my stick and I got the line change and for whatever reason I didn't always stick my hand. It went out on the ice, didn't stick my hand and took me a second to realize I had to run back bench. Yeah, yeah.

George El Masri [00:31:14] There you go. OK, perfect, TIM. So that's pretty much everything. Do you want to share how people can reach you and what services you provide?

Tim Blake [00:31:23] Yeah, sure. Tim Blake, if you will. Tim Blake, Grand Prix will come up the website and my cell number is seven zero eight nine seven eight eight four seven. And I'm the commercial focused realtor. So if it's any commercial, if you want to get into commercial investing, either yourself or I have no options, we're investing. Join me as well. Those are kind of what I what I do.

George El Masri [00:31:47] Awesome. Great. Well, I appreciate you sharing all of your information or not your information, but your strategies and what you're doing. And I hope that somebody out there is going to be inspired to get into the commercial to some commercial real estate. I appreciate your time, Tim, and I look forward to staying in touch.

Tim Blake [00:32:04] Perfect. Thanks for coming on, as always.

George El Masri [00:32:08] Thank you for listening. I hope you enjoyed the content. And if you did, I ask you to share this with a friend, with a family member or somebody who might benefit. And it's always appreciated if you can leave us a review, especially if you're listening to it on the Apple podcast app or if you're on YouTube, give us a like subscribe comment and your

George El Masri [00:32:26] support is always appreciated. Thank you very much.

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