A "Normal Guy" has a Cashflowing CRE Portfolio of 25+ tenants with Mike Holdwick

Enjoy this conversation with Mike Holdwick, a self-described "normal guy". Mike maintains a W-2 job and a diverse CRE portfolio including two office buildings, a MOB, light industrial, mixed use, and an short term rental totaling over 25 tenants. In this conversation, we discuss Mike's tips for managing his portfolio while maintaining a W-2, Mike's strategy for growth, and his best tips for finding deals. Make sure you listen to the end to hear about Mike's CRAZY best AND worst deal.

Connect with Mike:
https://linktr.ee/mike.holdwick
https://www.linkedin.com/in/michael-holdwick-4278999/
https://proteamcommercial.com/

Takeaways

• Transitioning from residential to non-residential real estate can offer scalability and time efficiency.
• Managing multi-tenant office buildings requires effective systems and virtual assistants.
• Industrial and medical office properties can provide high yields and long-term stability.
• Building relationships with tenants and understanding their needs is crucial for success.
• Utilizing technology tools, networking with commercial brokers, and taking action are key to finding deals in commercial real estate. The COVID-19 pandemic has significantly impacted the commercial real estate industry, with changes in demand and occupancy rates.
• Adapting to the new normal requires flexibility and creativity, with a focus on health and safety measures.
• Technology and innovation are playing a crucial role in transforming the commercial real estate sector, with advancements in virtual tours, remote work solutions, and data analytics.
• Collaboration and communication between industry professionals are essential for navigating the challenges and opportunities in commercial real estate.

Chapters

00:00
Introduction

01:12
Background and Start in Real Estate

03:03
Transition to Non-Residential Real Estate

07:22
First Non-Residential Deal: Medical Office Building

12:08
Lessons from the Medical Office Building Deal

15:19
Portfolio Overview

19:00
Managing Properties with a W-2 Job

21:40
Managing Multi-Tenant Office Buildings

24:23
Office Market and Tenant Stability

25:54
Vision and Future Deals

30:05
Finding Deals

35:38
Best and Worst Deal

43:14
Top Tip for Finding Deals

46:53
Recommended Resources

47:59
Conclusion

Click to text the show!

Email Jonathan with comments or suggestions:

podcast@thesourcecre.com

Or visit the webpage:

www.thesourcecre.com

*Some or all of the show notes may have been generated using AI tools.