In this episode of the Hive With Us Podcast, host Daniel Martinez welcomes back guest Dale Willms from Centra Companies. They dive into interesting and challenging stories from Dale's extensive experience in real estate, including a surprising lawsuit and an unexpected discovery during a development project. Dale shares valuable lessons learned from these experiences and emphasizes the importance of resilience and thorough due diligence in the real estate industry.
Chapter 1: Introduction and Recap (0:00 - 0:17)
Daniel Martinez introduces Dale Willms and provides a brief recap of their previous episode. They mention the topics discussed, including investing, building, developing, and even cattle operations, inviting listeners to check out the first episode if they haven't already.
Chapter 2: The Lawsuit Experience (0:18 - 3:53)
Dale shares a story about a project where his company hired a broker to sell a community. They discovered that the agent didn't have a real estate license, which led to a lawsuit. Despite the clear violation of the law, the judge ruled in favor of the broker. Dale explains the financial and emotional toll of the lawsuit and the difficult decision to settle the case to avoid further legal expenses and stress.
Chapter 3: The Buried Gas Station Discovery (3:54 - 5:26)
In another story, Dale recounts a project where they conducted thorough due diligence, including soil borings and testing, only to discover a buried gas station from the 1930s during excavation. This unexpected find required extensive site remediation, causing delays and additional costs. Dale highlights that despite meticulous planning, unforeseen challenges can arise in real estate development.
Chapter 4: Lessons Learned and Resilience (5:27 - 6:31)
Dale reflects on the lessons learned from these challenging experiences. He emphasizes the importance of thorough due diligence, being prepared for unexpected issues, and the value of resilience in the real estate industry. Dale advises real estate professionals to stay focused and not let setbacks deter them from pursuing their goals.
Chapter 5: Closing Remarks and Contact Information (6:32 - End)
Daniel wraps up the episode by thanking Dale for sharing his stories and insights. He provides information on where listeners can find Dale and Centra Companies online. Daniel encourages listeners to like, share, and subscribe to the podcast for more valuable content.
www.centracapitalpartners.com
www.nytfire.com
Text 📱 210-972-1842
--- Support this podcast: https://podcasters.spotify.com/pod/show/nytfire/support