Ep. 193 Derek Waltchack: Opportunities in the Florida Retail Market
Invest Florida - A Real Estate Podcast
English - December 16, 2019 10:00 - 49 minutes - 22.7 MB - ★★★★★ - 117 ratingsInvesting Business News Business News passiveincome propertymanagement apartmentinvesting floridadevelopment foreigninvestors investmentideas multifamily retailinvesting singlefamily syndicatedrealestate Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
On today's podcast, we talk with Derek Waltchack about the retail asset class with a focus on strip centers. As Derek shares, there is a lot of misinformation about the retail asset class. Many investors steer clear of retail, especially when retail assets like malls are not doing so well -- but malls are not the real "bread and butter". Despite what you may hear, retail is a very stable asset class, especially when it comes to strip centers in good neighborhoods. Derek also takes us into the new modern world of blockchain, the record-keeping technology behind bitcoin that is used to store digital information in a public database, and which is starting to be used in real estate transactions. Key Discussion Points [06:02] How did you transition from broker to owner? [10:47] What investments are you looking for in Florida? [18:44] Why did you choose Florida / I-4 corridor for retail investments? [25:30] What kind of cap rates are you looking for? [38:42] Where does your debt financing come from? [31:01] From an underwriting standpoint, what are a few important things you look for when someone wants to bring you a deal? [33:43] Tell us about blockchain technology that is starting to be used in real estate [43:00] How can folks contact you? [44:43] Closing remarks by Eric and Steven