253: Recession-Resistant Investing & the Benefits of Buying Shopping Centers with David Puchi

Most of the guests here on the BiggerPockets Podcast have focused on residential properties—but there is a whole different world to explore in the commercial real estate space. That’s why we’re thrilled to bring you this powerful interview with an investor who’s truly crushing the commercial real estate industry! Our guest today is David Puchi, an investor who owns more than 50 neighborhood shopping centers (“strip malls”) throughout the United States. David tells how he built this massive portfolio and why he believes it is one of the best real estate niches to be a part of. This show will open your eyes to an exciting world you never knew existed.
In This Episode We Cover:

How David started real estate investing

Why he brought a bank guarantor partner into his deal

How he turned a shopping mall around

What the “Amazon proofing strategy” is

What he looks for in commercial properties

The challenges of this strategy

Who to hire to start investing in shopping centers

What synergy is in reference to tenants

How one tenant can affect the whole center

A passive way to invest in triple net properties

Tips on how to finance these deals

Where he finds his deals

How to analyze a neighborhood for shopping malls

Tips for performing due diligence for this kind of deal

The metrics you should study to figure out the health of a tenant

Where he sees his business in the future

And SO much more!

Links from the Show

BiggerPockets Forums

BiggerPockets Marketplace

BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!

Books Mentioned in this Show

The Book on Rental Property Investing by Brandon Turner
Fire Round Questions

I am planning to build a 10~12K sqft strip with 6 units, which type of business will be well fit?

What is protocol for charging and collecting overdue rent?

How to lease retail store to franchise

How to determine value of a commercial property w/ no list price?

Adding appreciation to a commercial property

Are current tenants a big factor in the sellability?

Tweetable Topics:

“Having reasonable leverage makes more sense than over leverage.” (Tweet This!)

“Basic property management experience is a great launching pad in owning commercial properties.” (Tweet This!)

“You can’t rely on the market to force appreciation.” (Tweet This!)

Connect with David
David’s Company Website

Learn more about your ad choices. Visit megaphone.fm/adchoices

Most of the guests here on the BiggerPockets Podcast have focused on residential properties—but there is a whole different world to explore in the commercial real estate space. That’s why we’re thrilled to bring you this powerful interview with an investor who’s truly crushing the commercial real estate industry! Our guest today is David Puchi, an investor who owns more than 50 neighborhood shopping centers (“strip malls”) throughout the United States. David tells how he built this massive portfolio and why he believes it is one of the best real estate niches to be a part of. This show will open your eyes to an exciting world you never knew existed.

In This Episode We Cover:

How David started real estate investing
Why he brought a bank guarantor partner into his deal
How he turned a shopping mall around
What the “Amazon proofing strategy” is
What he looks for in commercial properties

The challenges of this strategy
Who to hire to start investing in shopping centers

What synergy is in reference to tenants
How one tenant can affect the whole center
A passive way to invest in triple net properties

Tips on how to finance these deals

Where he finds his deals
How to analyze a neighborhood for shopping malls
Tips for performing due diligence for this kind of deal

The metrics you should study to figure out the health of a tenant
Where he sees his business in the future

And SO much more!

Links from the Show

BiggerPockets Forums
BiggerPockets Marketplace
BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!

Books Mentioned in this Show

The Book on Rental Property Investing by Brandon Turner

Fire Round Questions

I am planning to build a 10~12K sqft strip with 6 units, which type of business will be well fit?
What is protocol for charging and collecting overdue rent?
How to lease retail store to franchise
How to determine value of a commercial property w/ no list price?
Adding appreciation to a commercial property
Are current tenants a big factor in the sellability?

Tweetable Topics:

“Having reasonable leverage makes more sense than over leverage.” (Tweet This!)
“Basic property management experience is a great launching pad in owning commercial properties.” (Tweet This!)
“You can’t rely on the market to force appreciation.” (Tweet This!)

Connect with David

David’s Company Website

Learn more about your ad choices. Visit megaphone.fm/adchoices