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Why Private Practice Owners Must Own Their Real Estate with Colin Carr
Manage episode 489228904 series 3578203
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In this eye-opening episode of the Will Power Podcast, host Will Humphreys sits down with commercial real estate expert Colin Carr, founder of CARR, to reveal a financial strategy most private practice owners overlook, owning the real estate their business operates in.
Together, Will and Colin dive deep into how real estate ownership can become the most valuable asset in a healthcare entrepreneur’s portfolio, even more than the practice itself. They discuss the pros and cons of leasing vs. owning, how to avoid costly mistakes in lease renewals, and why negotiating with the right strategy can save you hundreds of thousands of dollars.
What You’ll Learn:
- Why real estate is often more valuable than the practice itself
- The critical difference between leasing and owning
- How healthcare providers lose massive amounts of money during lease renewals
- Why timing the market isn’t as important as time in the market
- The top 3 mistakes practice owners make in real estate deals
- How specialized representation gives you the leverage you need
- Why working with a healthcare-specific real estate firm changes the game
- Real-world examples of providers who built generational wealth through commercial real estate
🔗 Connect with Colin Carr:
- Website: https://www.carr.us
- LinkedIn: https://www.linkedin.com/company/carrhealthcare
- Facebook: https://www.facebook.com/CARRHealthcare/
- YouTube: https://www.youtube.com/c/CARRHealthcare
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Chapters
1. Why Own Your Practice Building (00:00:00)
2. Leasing vs Owning: Key Considerations (00:04:22)
3. The Value of Specialized Representation (00:09:16)
4. Top Mistakes in Real Estate Negotiations (00:16:12)
5. The Power of Leverage in Negotiations (00:25:03)
6. Timing Your Transaction for Success (00:34:39)
7. Colin's Mission to Help Practice Owners (00:38:24)
55 episodes
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