123. Deal Deep-Dive: Why Value Add CRE is a game changer with Mike Holdwick
Manage episode 397427969 series 2853794
ABOUT MIKE HOLDWICK
Mike Holdwick is an accomplished real estate investor with a background in engineering design and construction. With a successful track record spanning over a decade, he is highly skilled in a variety of investment strategies and real estate classes. Currently, he owns and manages 5 commercial properties and a short-term rental with over 25 tenants. Mike is experienced in a wide range of investment strategies, including BRRRR, flipping, land contracts, 1031 exchanges, cost segregation studies, tax strategies, syndications, property management, and self-directed IRAs.
He has experience investing in a variety of asset classes, including self-storage, retail, mixed-use, light industrial, medical, professional office, residential, and multi-family properties.
THIS TOPIC IN A NUTSHELL:
Mike’s career background
Early retirement goals
First real estate investment
Accidental Landlord
How Mike’s career played into RE investing
Value-Add challenges of real estate
Property management and tools used
Dealing with tenants
VAs and onsite team
Why choose commercial properties?
About the Deal
Location and structure
How he found the deal
Property Details and zoning
Due diligence for the buildings
Financing and finding partners
Finding and Managing Tenants of the building
Deal structure and disposition plan
His future plan for this project
Reasons to love industrial buildings
Different ways to stabilize the property
Exit Strategies for Commercial Properties
What Financial freedom looks like
Business plan and potential partners
Connect with Mike
KEY QUOTE:
“Having a vision for what something can become is important in Value-add real estate.”
SUMMARY OF BUSINESS:
Pro Team Commercial Real Estate Investments is a partnership established in 2021 combining the experiences of a 20-year commercial real estate veteran and a high-earning commercial real estate investor.
ABOUT THE WESTSIDE INVESTORS NETWORK
The Westside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.
The Westside Investors Network strives to bring knowledge and education to real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.
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CONNECT WITH MIKE HOLDWICK:
Website: https://linktr.ee/mike.holdwick
Email: mike@proteamcommercial.com
LinkedIn: https://www.linkedin.com/in/michael-holdwick-4278999/
Instagram: https://www.instagram.com/proteamcommercial/
CONNECT WITH US
For more information about investing with AJ and Chris:
· Uptown Syndication | https://www.uptownsyndication.com/
· LinkedIn | https://www.linkedin.com/company/71673294/admin/
For information on Portland Property Management:
· Uptown Properties | http://www.uptownpm.com
· Youtube | @UptownProperties
Westside Investors Network
· Website | https://www.westsideinvestorsnetwork.com/
· Twitter | https://twitter.com/WIN_pdx
· Instagram | @westsideinvestorsnetwork
· LinkedIn | https://www.linkedin.com/groups/13949165/
· Facebook | @WestsideInvestorsNetwork
· Youtube | @WestsideInvestorsNetwork
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