EP. 75 // How to Create Outsized Returns in Office Space Investing w/ Daniel Garcia-Pedrosa
Today we have a long-time friend of Dave and the Managing Director of Pymstone Realty: Daniel Garcia-Pedrosa.
We've all heard it: people claiming that the biggest threat to Commerical Real Estate is office space going unrented. Yet Daniel, a former consultant turned successful real estate investor, joins us to share his unbelievable success story how office space is the keystone to his entire operation.
Daniel's transition from a 9-5 job to pursuing his passion for real estate is a riveting tale, filled with invaluable lessons for aspiring entrepreneurs and seasoned investors alike. We delve into the importance of timing, risk-taking, and being a contrarian in the market, as we explore the nuances of the real estate industry.
From challenging the common belief that office buildings are risky investments to sharing a personal success story of investing in a medical office building that now houses a cannabis dispensary, this episode is brimming with refreshing insights. We also dive into the world of property management, stress the importance of understanding it before outsourcing, and share our experiences with "office hacking". Interested in learning more about growing your real estate portfolio? We've got you covered.
In This Episode:
0:00 Consulting to Real Estate Journey
4:25 Real Estate Investing and Challenges
17:37 Transitioning to in-House Property Management Lessons
30:36 Investment Strategies and Asset Management
43:04 Real Estate Investing Strategies and Goals
47:15 Real Estate Mentorship and Fannie Mae Loans
RELEVANT LINKS
Pymstone Realty Official Website
Daniel Garcia-Pedrosa, Managing Director of Pymstone Realty, has over 15 years of experience investing in real estate and managing properties in Florida, Washington, DC, and New Jersey. He brings expertise in financial analysis and a deep knowledge of both the commercial and residential real estate markets.
Daniel holds a B.A. from Harvard University and an M.B.A. from the University of Pennsylvania’s Wharton School, where he focused on real estate entrepreneurship.
