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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

If you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://www.collectingkeyspodcast.com/store

Check out the NEW Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeyspodcast.com/

Download the FREE 5-Step Guide To Generating Off Market Leads here: https://www.collectingkeyspodcast.com/free

If you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://www.instantinvestorprogram.com and see if you are a good fit for the mastermind group!

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

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