Episode 118

From Wholesaling Hustle to Self-Storage Freedom with Alex Pardo

· 00:45:23
YouTube

Chapters

  1. 00:00 - Introduction to The REI Agent Podcast
  2. 00:06 - Meet Mattias: Agent, Investor, and Holistic Approach Advocate
  3. 00:08 - Meet Erica: Licensed Therapist with a Holistic Perspective
  4. 00:14 - The Mission: Living Bold and Fulfilled Lives Through Real Estate
  5. 00:19 - Level Up Mindset and Show Start
  6. 00:24 - Hilton Head Vacation Update and Recording Setup
  7. 01:03 - Introduction to Guest Alex Pardo from Miami
  8. 01:28 - Alex’s Cuban Heritage and Miami Lifestyle
  9. 01:54 - Mattias Shares Miami on His Bucket List
  10. 02:15 - Cuban Coffee and Fancy Cars in Miami
  11. 02:27 - Alex’s Real Estate Journey: From GE to Backpacking Europe
  12. 03:15 - Discovering Real Estate Through Books and Bootcamp
  13. 04:16 - First Deal Success: $44,000 Profit from a Short Sale
  14. 04:54 - Impact of Rich Dad, Poor Dad and Mindset Shift
  15. 05:33 - Ready, Fire, Aim Approach to Taking Action
  16. 06:01 - Expecting Resistance and Committing for the Long Run
  17. 06:54 - Avoiding Paralysis by Fear in Real Estate Investing
  18. 07:01 - Alex’s Best Deal: Losing $102,000 and the Lesson Learned
  19. 07:54 - Importance of Coaches, Mentors, and Masterminds
  20. 08:42 - Stigma Around Self-Help and Coaching
  21. 09:42 - Coaches as the Ultimate Insurance Policy for Success
  22. 10:16 - Filtering Out Bad Coaches and Moving Forward
  23. 10:24 - Gaining Clarity and Aligning Goals with Vision
  24. 10:48 - The Wholesaling Hamster Wheel and Search for Cash Flow
  25. 11:41 - Discovering Self-Storage as a Better Asset Class
  26. 12:20 - Shutting Down a Profitable Wholesaling Business in 2020
  27. 13:01 - Parallels Between Wholesaling and Agent Sales
  28. 13:41 - Cap Rates, Value-Add, and Depreciation in Self-Storage
  29. 14:41 - Is Finding Deals Harder Now in Self-Storage?
  30. 15:27 - Strategies for Finding Self-Storage Deals
  31. 16:19 - Identifying Mom-and-Pop Operators and Direct Outreach
  32. 17:27 - Over 60,000 Storage Facilities with 64% Mom-and-Pop Ownership
  33. 17:29 - Economies of Scale in Commercial Real Estate
  34. 17:48 - Expense Reduction and Operating Ratios in Storage vs. Multifamily
  35. 18:18 - The Unmanned Model and Remote Management
  36. 19:27 - Cutting Salaries to Increase NOI and Property Value
  37. 20:06 - Cap Rate Math: $10 Rent Increase Across 200 Units
  38. 20:47 - Scaling Value with Multiple Income Streams
  39. 21:47 - Syndications and Passive Investment Opportunities
  40. 22:10 - Benefits of Depreciation and Cost Segregation
  41. 23:20 - Real Estate Professional’s 401k Through Self-Storage Investments
  42. 23:48 - Challenging Limiting Beliefs About Capital Requirements
  43. 24:42 - Creative Financing and Leveraging Other People’s Money
  44. 25:16 - The Importance of Finding Your Tribe and Community
  45. 25:34 - Golden Nugget: Do Not Be Afraid to Fail
  46. 26:44 - Taking Massive Imperfect Action and Embracing Discomfort
  47. 28:16 - Building Confidence Through Total Ownership
  48. 28:45 - Bet on Yourself and Keep Learning
  49. 29:45 - Rebranding to the Storage Wins Podcast on August 11
  50. 30:12 - Sharing Wins and Challenges Transparently
  51. 30:30 - Influential Books: The Go-Giver and Buy Back Your Time
  52. 30:59 - Where to Find Alex and Join the Storage Wins Community
  53. 31:23 - Closing Remarks and Encouragement to Take Action
  54. 31:35 - Outro and Disclaimer

Alex Pardo shares how shifting from wholesaling to self-storage transformed his business, lifestyle, and mindset. Learn the strategies, mindset shifts, and creative financing methods that can help you build scalable, freedom-based income streams. See full article: https://www.unitedstatesrealestateinvestor.com/from-wholesaling-hustle-to-self-storage-freedom-with-alex-pardo/ (00:00) - Introduction to The REI Agent Podcast (00:06) - Meet Mattias: Agent, Investor, and Holistic Approach Advocate (00:08) - Meet Erica: Licensed Therapist with a Holistic Perspective (00:14) - The Mission: Living Bold and Fulfilled Lives Through Real Estate (00:19) - Level Up Mindset and Show Start (00:24) - Hilton Head Vacation Update and Recording Setup (01:03) - Introduction to Guest Alex Pardo from Miami (01:28) - Alex’s Cuban Heritage and Miami Lifestyle (01:54) - Mattias Shares Miami on His Bucket List (02:15) - Cuban Coffee and Fancy Cars in Miami (02:27) - Alex’s Real Estate Journey: From GE to Backpacking Europe (03:15) - Discovering Real Estate Through Books and Bootcamp (04:16) - First Deal Success: $44,000 Profit from a Short Sale (04:54) - Impact of Rich Dad, Poor Dad and Mindset Shift (05:33) - Ready, Fire, Aim Approach to Taking Action (06:01) - Expecting Resistance and Committing for the Long Run (06:54) - Avoiding Paralysis by Fear in Real Estate Investing (07:01) - Alex’s Best Deal: Losing $102,000 and the Lesson Learned (07:54) - Importance of Coaches, Mentors, and Masterminds (08:42) - Stigma Around Self-Help and Coaching (09:42) - Coaches as the Ultimate Insurance Policy for Success (10:16) - Filtering Out Bad Coaches and Moving Forward (10:24) - Gaining Clarity and Aligning Goals with Vision (10:48) - The Wholesaling Hamster Wheel and Search for Cash Flow (11:41) - Discovering Self-Storage as a Better Asset Class (12:20) - Shutting Down a Profitable Wholesaling Business in 2020 (13:01) - Parallels Between Wholesaling and Agent Sales (13:41) - Cap Rates, Value-Add, and Depreciation in Self-Storage (14:41) - Is Finding Deals Harder Now in Self-Storage? (15:27) - Strategies for Finding Self-Storage Deals (16:19) - Identifying Mom-and-Pop Operators and Direct Outreach (17:27) - Over 60,000 Storage Facilities with 64% Mom-and-Pop Ownership (17:29) - Economies of Scale in Commercial Real Estate (17:48) - Expense Reduction and Operating Ratios in Storage vs. Multifamily (18:18) - The Unmanned Model and Remote Management (19:27) - Cutting Salaries to Increase NOI and Property Value (20:06) - Cap Rate Math: $10 Rent Increase Across 200 Units (20:47) - Scaling Value with Multiple Income Streams (21:47) - Syndications and Passive Investment Opportunities (22:10) - Benefits of Depreciation and Cost Segregation (23:20) - Real Estate Professional’s 401k Through Self-Storage Investments (23:48) - Challenging Limiting Beliefs About Capital Requirements (24:42) - Creative Financing and Leveraging Other People’s Money (25:16) - The Importance of Finding Your Tribe and Community (25:34) - Golden Nugget: Do Not Be Afraid to Fail (26:44) - Taking Massive Imperfect Action and Embracing Discomfort (28:16) - Building Confidence Through Total Ownership (28:45) - Bet on Yourself and Keep Learning (29:45) - Rebranding to the Storage Wins Podcast on August 11 (30:12) - Sharing Wins and Challenges Transparently (30:30) - Influential Books: The Go-Giver and Buy Back Your Time (30:59) - Where to Find Alex and Join the Storage Wins Community (31:23) - Closing Remarks and Encouragement to Take Action (31:35) - Outro and Disclaimer Contact Alex Pardo https://alexpardo.com/ http://storagewins.com/ https://www.facebook.com/groups/322064908446514/ https://www.instagram.com/alexpardo25/ https://www.youtube.com/playlist?list=PLxyr2wrqqWkUsEtEwMcWv3pU-4xtp8X_I https://www.youtube.com/@AlexPardo

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