#44: Buying Foreclosures, Using VAs to Scale Your Business, and Investing in Parking Lots with Sam Wilson

This week’s guest, Sam Wilson, has built a business investing in an income-producing asset that I’m guessing you haven’t heard considered - parking lots. While we discuss the parking business, we also talk about how Sam built a house-flipping business using VAs, where he found them, and the exact work he outsourced. Sam was a great guest and I’m sure you’re going to learn something in this episode, regardless of if you’re interested in the parking business or not!

Sam is an active investor in self-storage, parking, multi-family apartments, RV parks, and single-family homes. He hosts the “How to Scale Commercial Real Estate Podcast”, where he interviews real estate experts to give listeners the tips, tricks, and tools to scale their investment portfolio.

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Show Notes:

3:05 Sam shares his background and how he got into real estate

6:30 Sam discusses how he went from flipping residential homes to acquiring commercial real estate and parking lots.

10:25 We discuss how Sam acquired parking lots and how the process works of analysis and leasing. 

17:18 Sam gives tips to individuals interested in breaking into the parking industry. 

20:00 We discuss what the “value-add” translates to in parking lots and how NOI is increased. 

24:14 Sam shares the role of VA’s in his business and how they help him scale and work efficiently.

31:48 Sam discusses the tools he uses and how he finds VA’s to help his business. We also talk about how Sam determines who is a good fit for his business. 

35:00 Sam shares his biggest business-related failure and what he learned from it. 

37:30 We discuss how to scale quickly and learn faster. 

39:20 Sam shares his short-term goals, and what he is looking to achieve in the short term.

CONNECT WITH SAM:

https://www.linkedin.com/in/brickeninvestmentgroup/

sam@brickeninvestmentgroup.com

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