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Buying Commercial Offices (During Covid) for Huge Returns with Carlos Rovira
Episode 174
There’s no way to predict the future of the real estate market, but sometimes taking risks pays off. That’s exactly what happened with today’s guest when he invested in office spaces during the turbulent time of the pandemic, when remote work increased and buildings were empty.
Carlos Rovira is a residential investor turned commercial investor, and this new niche in office buildings has yielded him and his partners BIG returns. Their portfolio boasts 90% occupancy and a 16% cap rate, and most impressive, Carlos does it all working virtually.
In this episode, he describes transitioning from Miami’s market into the commercial space in Kansas City, accidentally getting into the property management business, and the deals he’s about to close.
Listen to this episode to learn more about his real estate journey, and how he succeeded in a new marker while living states away!
Topics discussed in this episode:
- What drew Carlos to real estate
- Navigating the ups and downs of the real estate market
- Why he moved into the commercial space
- Miami’s unique real estate market
- His experience with virtual investing
- Screening potential tenants
- What he looks for in a potential building
- Rent, expenses, and cap rate
- His story dealing with a slumlord
- Carlos’ advice to new investors
Connect with Carlos Rovira:
https://www.instagram.com/thecarlosrovira/
https://twitter.com/TheCarlosRovira
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Collecting Keys Podcast Resources:
https://www.collectingkeyspodcast.com
https://www.instagram.com/collectingkeyspodcast/
https://www.instantinvestorprogram.com/
https://www.instagram.com/mike_invests/
https://www.instagram.com/investormandan/
This episode was produced by Podcast Boutique https://www.podcastboutique.com
