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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
Conclusion
Email Jonathan with comments or suggestions:
podcast@thesourcecre.com
Or visit the webpage:
www.thesourcecre.com
*The audio of this podcast is never generated by AI. However, some of the show notes and images may have been generated using AI tools.
