123. Deal Deep-Dive: Why Value Add CRE is a game changer with Mike Holdwick

24-01-2024 • 31 minutos

ABOUT MIKE HOLDWICK

Mike Holdwick is an accomplished real estate investor with a background in engineering design and construction. With a successful track record spanning over a decade, he is highly skilled in a variety of investment strategies and real estate classes. Currently, he owns and manages 5 commercial properties and a short-term rental with over 25 tenants. Mike is experienced in a wide range of investment strategies, including BRRRR, flipping, land contracts, 1031 exchanges, cost segregation studies, tax strategies, syndications, property management, and self-directed IRAs.

He has experience investing in a variety of asset classes, including self-storage, retail, mixed-use, light industrial, medical, professional office, residential, and multi-family properties.

THIS TOPIC IN A NUTSHELL:

Mike’s career background

Early retirement goals

First real estate investment

Accidental Landlord

How Mike’s career played into RE investing

Value-Add challenges of real estate

Property management and tools used

Dealing with tenants

VAs and onsite team

Why choose commercial properties?

About the Deal

Location and structure

How he found the deal

Property Details and zoning

Due diligence for the buildings

Financing and finding partners

Finding and Managing Tenants of the building

Deal structure and disposition plan

His future plan for this project

Reasons to love industrial buildings

Different ways to stabilize the property

Exit Strategies for Commercial Properties

What Financial freedom looks like

Business plan and potential partners

Connect with Mike

KEY QUOTE:

“Having a vision for what something can become is important in Value-add real estate.”

SUMMARY OF BUSINESS:

Pro Team Commercial Real Estate Investments is a partnership established in 2021 combining the experiences of a 20-year commercial real estate veteran and a high-earning commercial real estate investor.

ABOUT THE WESTSIDE INVESTORS NETWORK

The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.

The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.

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CONNECT WITH MIKE HOLDWICK:

Website: https://linktr.ee/mike.holdwick

Email:mike@proteamcommercial.com

LinkedIn: https://www.linkedin.com/in/michael-holdwick-4278999/

Instagram: https://www.instagram.com/proteamcommercial/

CONNECT WITH US

For more information about investing with AJ and Chris:

· Uptown Syndication | https://www.uptownsyndication.com/

· LinkedIn | https://www.linkedin.com/company/71673294/admin/

For information on Portland Property Management:

· Uptown Properties | http://www.uptownpm.com

· Youtube | @UptownProperties