From Wholesaling Hustle to Self-Storage Freedom with Alex Pardo

Alex Pardo shares how shifting from wholesaling to self-storage transformed his business, lifestyle, and mindset. Learn the strategies, mindset shifts, and creative financing methods that can help you build scalable, freedom-based income streams.

See full article: https://www.unitedstatesrealestateinvestor.com/from-wholesaling-hustle-to-self-storage-freedom-with-alex-pardo/

(00:00) - Introduction to The REI Agent Podcast
(00:06) - Meet Mattias: Agent, Investor, and Holistic Approach Advocate
(00:08) - Meet Erica: Licensed Therapist with a Holistic Perspective
(00:14) - The Mission: Living Bold and Fulfilled Lives Through Real Estate
(00:19) - Level Up Mindset and Show Start
(00:24) - Hilton Head Vacation Update and Recording Setup
(01:03) - Introduction to Guest Alex Pardo from Miami
(01:28) - Alex’s Cuban Heritage and Miami Lifestyle
(01:54) - Mattias Shares Miami on His Bucket List
(02:15) - Cuban Coffee and Fancy Cars in Miami
(02:27) - Alex’s Real Estate Journey: From GE to Backpacking Europe
(03:15) - Discovering Real Estate Through Books and Bootcamp
(04:16) - First Deal Success: $44,000 Profit from a Short Sale
(04:54) - Impact of Rich Dad, Poor Dad and Mindset Shift
(05:33) - Ready, Fire, Aim Approach to Taking Action
(06:01) - Expecting Resistance and Committing for the Long Run
(06:54) - Avoiding Paralysis by Fear in Real Estate Investing
(07:01) - Alex’s Best Deal: Losing $102,000 and the Lesson Learned
(07:54) - Importance of Coaches, Mentors, and Masterminds
(08:42) - Stigma Around Self-Help and Coaching
(09:42) - Coaches as the Ultimate Insurance Policy for Success
(10:16) - Filtering Out Bad Coaches and Moving Forward
(10:24) - Gaining Clarity and Aligning Goals with Vision
(10:48) - The Wholesaling Hamster Wheel and Search for Cash Flow
(11:41) - Discovering Self-Storage as a Better Asset Class
(12:20) - Shutting Down a Profitable Wholesaling Business in 2020
(13:01) - Parallels Between Wholesaling and Agent Sales
(13:41) - Cap Rates, Value-Add, and Depreciation in Self-Storage
(14:41) - Is Finding Deals Harder Now in Self-Storage?
(15:27) - Strategies for Finding Self-Storage Deals
(16:19) - Identifying Mom-and-Pop Operators and Direct Outreach
(17:27) - Over 60,000 Storage Facilities with 64% Mom-and-Pop Ownership
(17:29) - Economies of Scale in Commercial Real Estate
(17:48) - Expense Reduction and Operating Ratios in Storage vs. Multifamily
(18:18) - The Unmanned Model and Remote Management
(19:27) - Cutting Salaries to Increase NOI and Property Value
(20:06) - Cap Rate Math: $10 Rent Increase Across 200 Units
(20:47) - Scaling Value with Multiple Income Streams
(21:47) - Syndications and Passive Investment Opportunities
(22:10) - Benefits of Depreciation and Cost Segregation
(23:20) - Real Estate Professional’s 401k Through Self-Storage Investments
(23:48) - Challenging Limiting Beliefs About Capital Requirements
(24:42) - Creative Financing and Leveraging Other People’s Money
(25:16) - The Importance of Finding Your Tribe and Community
(25:34) - Golden Nugget: Do Not Be Afraid to Fail
(26:44) - Taking Massive Imperfect Action and Embracing Discomfort
(28:16) - Building Confidence Through Total Ownership
(28:45) - Bet on Yourself and Keep Learning
(29:45) - Rebranding to the Storage Wins Podcast on August 11
(30:12) - Sharing Wins and Challenges Transparently
(30:30) - Influential Books: The Go-Giver and Buy Back Your Time
(30:59) - Where to Find Alex and Join the Storage Wins Community
(31:23) - Closing Remarks and Encouragement to Take Action
(31:35) - Outro and Disclaimer

Contact Alex Pardo
https://alexpardo.com/
http://storagewins.com/
https://www.facebook.com/groups/322064908446514/
https://www.instagram.com/alexpardo25/
https://www.youtube.com/playlist?list=PLxyr2wrqqWkUsEtEwMcWv3pU-4xtp8X_I
https://www.youtube.com/@AlexPardo

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