In this episode of the Deal Finders podcast, I sit down with my friend Alex Pardo to explore his journey from wholesaling real estate to owning and operating self-storage facilities. We discuss his early entrepreneurial spirit, his first deal in real estate, and the lessons learned along the way. Alex shares insights on how he transitioned from feeling trapped in his real estate business to finding freedom and fulfillment in the self-storage industry. This episode is packed with actionable advice for anyone looking to get started in real estate or pivot their current strategy.
Timeline Summary
[00:00] - Introduction and overview of the episode.
[00:19] - Alex Pardo's new venture: self-storage units.
[00:42] - Alex’s background and how he got started in real estate.
[02:39] - Backpacking in Europe and discovering personal development.
[03:14] - Attending a marketing bootcamp and starting his first deal.
[04:35] - Closing his first real estate deal and the lessons learned.
[06:14] - The importance of taking action despite not having all the answers.
[07:41] - Discussing the reality of first deals and setting realistic expectations.
[08:19] - The details of Alex's first deal and the skills he acquired.
[10:05] - The value of revisiting and learning from past deals.
[14:01] - Transitioning out of a traditional real estate business into self-storage.
[18:18] - Why Alex chose self-storage and the benefits it provides.
[20:24] - The importance of coaches, mentors, and masterminds in real estate.
[22:12] - How to identify and acquire self-storage facilities.
[25:04] - Alex’s approach to finding undervalued self-storage units.
[28:54] - Final thoughts and how to get started in self-storage.
Links & Resources
- Text "storage" to Alex's personal number 305-318-6213 for free resources.
- Visit Storage Wins for more information on getting started with self-storage.
- Check out Deal Finders Club for additional resources and support.
Closing Remark
If you enjoyed this episode, please rate, follow, share, and review the podcast. For more resources and to stay updated with our latest episodes, visit DealFindersClub.com. Don't forget to take action on what you've learned today to move forward in your real estate journey!