Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
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Content provided by Jonathan Hayek. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jonathan Hayek or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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A "Normal Guy" has a Cashflowing CRE Portfolio of 25+ tenants with Mike Holdwick
Manage episode 399536149 series 3408667
Content provided by Jonathan Hayek. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jonathan Hayek or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Enjoy this conversation with Mike Holdwick, a self-described "normal guy". Mike maintains a W-2 job and a diverse CRE portfolio including two office buildings, a MOB, light industrial, mixed use, and an short term rental totaling over 25 tenants. In this conversation, we discuss Mike's tips for managing his portfolio while maintaining a W-2, Mike's strategy for growth, and his best tips for finding deals. Make sure you listen to the end to hear about Mike's CRAZY best AND worst deal.
Connect with Mike:
https://linktr.ee/mike.holdwick
https://www.linkedin.com/in/michael-holdwick-4278999/
https://proteamcommercial.com/
Takeaways
- Transitioning from residential to non-residential real estate can offer scalability and time efficiency.
- Managing multi-tenant office buildings requires effective systems and virtual assistants.
- Industrial and medical office properties can provide high yields and long-term stability.
- Building relationships with tenants and understanding their needs is crucial for success.
- Utilizing technology tools, networking with commercial brokers, and taking action are key to finding deals in commercial real estate. The COVID-19 pandemic has significantly impacted the commercial real estate industry, with changes in demand and occupancy rates.
- Adapting to the new normal requires flexibility and creativity, with a focus on health and safety measures.
- Technology and innovation are playing a crucial role in transforming the commercial real estate sector, with advancements in virtual tours, remote work solutions, and data analytics.
- Collaboration and communication between industry professionals are essential for navigating the challenges and opportunities in commercial real estate.
Chapters
00:00
Introduction
01:12
Background and Start in Real Estate
03:03
Transition to Non-Residential Real Estate
07:22
First Non-Residential Deal: Medical Office Building
12:08
Lessons from the Medical Office Building Deal
15:19
Portfolio Overview
19:00
Managing Properties with a W-2 Job
21:40
Managing Multi-Tenant Office Buildings
24:23
Office Market and Tenant Stability
25:54
Vision and Future Deals
30:05
Finding Deals
35:38
Best and Worst Deal
43:14
Top Tip for Finding Deals
46:53
Recommended Resources
47:59
Co
Support the podcast by making a monthly donation through Patreon. When you contribute, you'll get access to bonus content not available anywhere else.
If you enjoyed this episode, you would probably enjoy reading my weekly newsletter. Every Friday, you'll get a behind the scenes look at my investing, including current events in commercial real estate, deals I’m working on, and random personal things going on in my life. It's a super quick read and you can unsubscribe anytime. - Jonathan
Subscribe to the newsletter here: www.thesourcecre.com/newsletter
Email Jonathan with comments or suggestions:
podcast@thesourcecre.com
Or visit the webpage:
www.thesourcecre.com
*Some or all of the show notes may have been generated using AI tools.
136 episodes
Share
Manage episode 399536149 series 3408667
Content provided by Jonathan Hayek. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jonathan Hayek or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Enjoy this conversation with Mike Holdwick, a self-described "normal guy". Mike maintains a W-2 job and a diverse CRE portfolio including two office buildings, a MOB, light industrial, mixed use, and an short term rental totaling over 25 tenants. In this conversation, we discuss Mike's tips for managing his portfolio while maintaining a W-2, Mike's strategy for growth, and his best tips for finding deals. Make sure you listen to the end to hear about Mike's CRAZY best AND worst deal.
Connect with Mike:
https://linktr.ee/mike.holdwick
https://www.linkedin.com/in/michael-holdwick-4278999/
https://proteamcommercial.com/
Takeaways
- Transitioning from residential to non-residential real estate can offer scalability and time efficiency.
- Managing multi-tenant office buildings requires effective systems and virtual assistants.
- Industrial and medical office properties can provide high yields and long-term stability.
- Building relationships with tenants and understanding their needs is crucial for success.
- Utilizing technology tools, networking with commercial brokers, and taking action are key to finding deals in commercial real estate. The COVID-19 pandemic has significantly impacted the commercial real estate industry, with changes in demand and occupancy rates.
- Adapting to the new normal requires flexibility and creativity, with a focus on health and safety measures.
- Technology and innovation are playing a crucial role in transforming the commercial real estate sector, with advancements in virtual tours, remote work solutions, and data analytics.
- Collaboration and communication between industry professionals are essential for navigating the challenges and opportunities in commercial real estate.
Chapters
00:00
Introduction
01:12
Background and Start in Real Estate
03:03
Transition to Non-Residential Real Estate
07:22
First Non-Residential Deal: Medical Office Building
12:08
Lessons from the Medical Office Building Deal
15:19
Portfolio Overview
19:00
Managing Properties with a W-2 Job
21:40
Managing Multi-Tenant Office Buildings
24:23
Office Market and Tenant Stability
25:54
Vision and Future Deals
30:05
Finding Deals
35:38
Best and Worst Deal
43:14
Top Tip for Finding Deals
46:53
Recommended Resources
47:59
Co
Support the podcast by making a monthly donation through Patreon. When you contribute, you'll get access to bonus content not available anywhere else.
If you enjoyed this episode, you would probably enjoy reading my weekly newsletter. Every Friday, you'll get a behind the scenes look at my investing, including current events in commercial real estate, deals I’m working on, and random personal things going on in my life. It's a super quick read and you can unsubscribe anytime. - Jonathan
Subscribe to the newsletter here: www.thesourcecre.com/newsletter
Email Jonathan with comments or suggestions:
podcast@thesourcecre.com
Or visit the webpage:
www.thesourcecre.com
*Some or all of the show notes may have been generated using AI tools.
136 episodes
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Similar to The Source of Commercial Real Estate
Bitcoin pioneer Charlie Shrem peels back the layers on the lives and backgrounds of the world's most impactful innovators. Centering around intimate narratives, Shrem uncovers a detailed, previously unspoken story of the genesis and evolution of bitcoin, cryptocurrency, artificial intelligence, and the web3 movements. Join Shrem as he journeys through the uncharted territories of tech revolutions, revealing the human side of the stories that shaped the digital world we live in today.
…
continue reading
How do I start an online business? How do I build a brand online? How do I get traffic and attention to my online business? The biggest question is, can I start a business online and replace my current JOB? Welcome to The Rock Your Brand podcast show where we answer ALL of these questions and a ton MORE! Scott Voelker, the host will share with you everything you need to know and help you to build a Future Proof Business that will allow you the ultimate Freedom. Scott shares tips and strategi ...
…
continue reading
This famously is the year of elections. So the Stephanomics feed has been taken over by our bonus series, Voternomics. It’s a weekly look at the way geopolitics - and elections - are upending the longstanding assumptions of policymakers and business people around the world. Hosted by Stephanie Flanders, head of Bloomberg Economics and former BBC economics editor, former government advisor Allegra Stratton and Opinion columnist and author Adrian Wooldridge.
…
continue reading
It didn’t all change in March 2020. Not really. The UK high street has been in the throes of a gradual revolution for decades. From the rise of ecommerce, to the birth of mobile, social commerce, and a growing emphasis on experience, change has been underway for a while. In fact for many, the pandemic has acted as a wake-up call. Digital transformation was no longer a ‘nice to have’ but a matter of survival. Necessity sparked innovation and customers are enjoying more flexibility and conveni ...
…
continue reading
1
Wholesaling Inc with Brent Daniels
Find distressed properties for pennies on the dollar and turn them for huge profits!
Let’s face it, Real estate education has lost the script. Everybody “claims” to have the secret sauce. They get you to sign up, get you to bite on a “magic” formula, but there’s no real tools to get there. There’s so much talk, no practical steps. It’s not instructional, it’s hype. The ideas aren’t focused on your success, it’s focused on theirs. Well, it doesn’t have to be that way. If you’ve been searching for a way to escape the rat race and achieve true financial freedom wholesaling real ...
…
continue reading
Call them changemakers. Call them rule breakers. We call them Redefiners. And in this provocative podcast, we explore how daring leaders from across industries and around the globe are redefining their organizations—and themselves—to create extraordinary impact in today’s rapidly changing world. In each episode, Russell Reynolds Associates Leadership Advisor Hoda Tahoun and former CEO Clarke Murphy host engaging, purposeful conversations with leaders in and out of the business world who shar ...
…
continue reading
A bootstrappers podcast for founders, entrepreneurs, visionaries and dreamers who are building businesses from the ground up without the taking on debt or selling equity. Here we cover marketing, sales, organization and mindset issues that matter to you
…
continue reading
Bloomberg Radio host Barry Ritholtz has in-depth discussions with the people and ideas that shape markets, investing and business.
…
continue reading
A weekly roundup of the most important stories from the worlds of business and finance, hosted by Felix Salmon.
…
continue reading
The Moneycontrol Podcast is your daily source of business news, investment analysis and advice on stocks and the markets. Tune in to broaden your horizons with podcasts by journalists, experts and analysts giving you a head-start in the investment game.
…
continue reading
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