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Turning $0 Into a Passive Income Empire with Storage Units with Alex Pardo | The Better Than Rich Show Ep. 172
Manage episode 427846901 series 3290331
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Alex Pardo shares how he went from working at General Electric to traveling across Europe and eventually finding immense success in the storage unit investment sector. Alex explains why storage units are a superior investment compared to traditional real estate, saying they’re lower maintenance and higher profitability. He talks about how it’s important to understand whether you’re aiming for cash flow or equity, and offers steps for anyone looking to enter the storage investment market, regardless of their financial starting point. Alex's insights on seller financing and market analysis provide guidance for those of you ready to break free from conventional investment strategies and achieve financial freedom.
Chapters:
- 00:00:00 - Unlocking the Secrets of Real Estate Due Diligence
- 00:00:48 - Meet Alex Pardo: From Corporate to Storage Investment Master
- 00:03:17 - Why Storage Units Are the Hidden Gems of Investing
- 00:04:15 - Passive vs. Active Storage Investments: Which Path Is Right for You?
- 00:05:01 - Equity or Cash Flow? Defining Your Investment Goals
- 00:06:10 - Identifying and Enhancing Value in Storage Unit Deals
- 00:12:30 - Secrets to Finding Undervalued Storage Units
- 00:16:45 - How to Successfully Connect with Storage Facility Owners
- 00:21:08 - The Art of Analyzing Storage Facility Deals
- 00:25:51 - Mastering Due Diligence and Deal Structuring
- 00:28:12 - Seller Financing Demystified
- 00:29:17 - The Reasons Sellers Choose Financing
- 00:30:18 - How to Structure a Winning Seller Finance Deal
- 00:31:08 - Financial Perks and Terms of Seller Financing
- 00:32:15 - Maximizing Occupancy and Revenue in Storage Facilities
- 00:34:48 - The Power of Your First Facility: Leveraging Success
- 00:36:06 - Intentional Living: Balancing Investments and Life's Seasons
- 00:43:43 - Strengthening Your Relationship with God
- 00:48:16 - Alex Pardo’s Final Thoughts and How to Stay Connected
Connect with Alex Here:
- Website
- Alex on LinkedIn
- Alex on Instagram
- The Flip Empire Show
- Storage Wins Coaching Program
- Ascend Your Success
- Florida Home Solutions
Connect with The Better Than Rich:
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