The Real Estate Syndication Show WS1530: Investing in Industrial Properties | David Cruz-Palmer
With consistent cash flow and relatively higher real estate returns, it’s no wonder why industrial real estate has earned the attention of many investors. Whether it's a warehouse, factory, or logistics management area, the minimal maintenance that this asset class requires makes it an ideal option for those who want to diversify their portfolio.
In today’s episode, David Cruz-Palmer, founder and operator of Corridor Capital Partners, relates how he successfully focused on syndicating investments and industrial properties that generate passive income and tax-advantaged returns for equity partners.
Key Points From This Episode:
- How did he become involved in industrial real estate investing?
- What propelled him to take such a leap after more than a decade in the corporate world?
- What did he learn from his experience working in a call center?
- Why is industrial real estate profitable?
- What are the advantages of industrial property investing?
- How does he give back to the community?
Tweetables:
“When I was just starting out, I was what I call the world's worst mortgage broker. I did absolutely zero deals for probably three to four months.”
“There's a real shortage of demand for what's called flex-warehouse, or a shortage of supply for these 30-foot tall ceilings because the concept of building it to that size is relatively new.”
“You ask about why industrial? It's just because there isn't very much of it.”
“Industrial [real estate] seems really strong. There are a lot of macroeconomic forces [and] factors that also point to the fact that industrial might remain strong for years to come.”
“More manufacturing is coming back to the US, so there's more storage for products. And that just means that there's going to be more need for industrial space.”
“It's a matter of just trying to relate to people and understand their perspective. I feel like that's my best way of trying to make a friend.”
“The things that are good from an investor's perspective aren't necessarily good from a bank's perspective.”
“But for industrial or for any commercial, there are leases, and they're years long. And the credit of the tenant has a big impact on the quality of the deal.”
“If you can get 10 or 20% seller care and only put 10 or 15% down, then that does a lot for your equity mult
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