#118 with Dana Wallace: How to Buy Legal Cannabis Properties & Constantly Thinking of New Ways to Make Money
Millennial Millionaire Real Estate Podcast
English - November 17, 2020 19:41 - 34 minutes - 63.3 MB - ★★★★★ - 56 ratingsInvesting Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
In this episode, Jonathan Farber interviews Dana Wallace on her road from becoming an investor-focused real estate agent to starting her own cannabis property specialized brokerage. Dana is a real estate broker focusing on cannabis properties from Sacramento, California. In this episode, we break down topics like: getting into compliant cannabis property, starting your own brokerage, finding cannabis real estate opportunities, and more!
Top Takeaways:
Understanding compliant cannabis property - 11:30 - 14:00
Every market has its own set of regulations controlling commercial cannabis operations
Research is one of the most important parts in making sure all the rules are met
The permitted placement and number of operations directly affects the scale of operations
Starting your own real estate brokerage - 16:15 - 19:00
If you don’t feel like the traditional brokerages are the right fit, consider starting your own
Especially if you can find a niche to specialize in, you can set yourself up for success
Once you define yourself like that, it’s natural to start gaining recognition and attention
Finding opportunity in the cannabis real estate industry - 20:50 - 23:45
Stagnating industrial property is ripe to be renewed into productive cannabis commercial space
Buy those properties and get them correctly permitted for cannabis production
This gives you a premium feature that will attract more businesses to your properties
How to bring value to Dana Wallace:
Reach out through her website
Resources:
Book by Spencer Johnson: Who Moved My Cheese?
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