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://www.facebook.com/groups/322064908446514/
https://www.instagram.com/alexpardo25/
https://www.youtube.com/playlist?list=PLxyr2wrqqWkUsEtEwMcWv3pU-4xtp8X_I
https://www.youtube.com/@AlexPardo
--
For more exc
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
New Heights with Jason & Travis Kelce
Football’s funniest family duo — Jason Kelce of the Philadelphia Eagles and Travis Kelce of the Kansas City Chiefs — team up to provide next-level access to life in the league as it unfolds. The two brothers and Super Bowl champions drop weekly insights about the weekly slate of games and share their INSIDE perspectives on trending NFL news and sports headlines. They also endlessly rag on each other as brothers do, chat the latest in pop culture and welcome some very popular and well-known friends to chat with them. Check out new episodes every Wednesday. Follow New Heights on the Wondery App, YouTube or wherever you get your podcasts. You can listen to new episodes early and ad-free, and get exclusive content on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. And join our new membership for a unique fan experience by going to the New Heights YouTube channel now!