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

Books Mentioned in this Show

The Book on Rental Property Investing by Brandon Turner

Fire Round Questions

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

253: Recession-Resistant Investing & the Benefits of Buying Shopping Centers with David Puchi 01:12:56

BiggerPockets Real Estate Podcast

Shownotes Transcript

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