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David W McCoy
Commonwealth Commercial Real Estate
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Interview

What year did you become a real estate agent?
2002
How many years have you been in Real Estate?
Seven years. Before real estate, I had several careers. Early on I was a computer programmer and s
What is the average home price in your market?
I am a commercial real estate broker. Currently my sales listings vary from $165,000 for an office
Why do you enjoy being a real estate agent?
In my practice, commercial real estate is really a game of business strategy. Figuring out the game and coming up with a solution keeps things interesting.
What is the most challenging issue you face as a Real Estate Professional?
Probably the biggest issue today is getting deals financed. The financial crisis has dried up sources of capital for businesses. Although this is a tremendous problem, it offers a great advantage if the seller can offer seller financing.
Tell us one of your client success stories or an interesting moment in your profession.
A competitor recommended me to a client primarily because he didn't want to mess around with a small listing. It was a little 800 square foot office and to make matters worse it was on the second floor with no elevator. I was debating what to do because under the best of circumstances, it would have only earned me a few hundred dollars. So I asked him if he had any other property. He told me that he had several other buildings, so I took the listing. I leased the property a few months later. Because I took the listing that my competitor felt was too small, I also got to list and lease a 20,000 square foot industrial building AND to list and sell another 18,000 square foot industrial building.
What is your best characteristic?
Tenacity. I don't like to lose.
What is the best advice you ever received?
I would say it is a toss up between - A fool is someone who continues to do the same thing and expects a different outcome. and If you find yourself in a hole, stop digging.
If you could live anywhere in the world, where would it be?
Providenciales, Turks and Caicos Islands


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David W McCoy is one of a number of Louisville Realtors who works in the Louisville, KY office of the Commonwealth Commercial Real Estate real estate brokerage.

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