In this episode of the Be Someone Podcast, Michael Hong interviews Alex Pardo, a seasoned real estate investor who transitioned from single-family homes to self-storage. Alex shares his journey, including his first deal, the challenges he faced, and the lessons learned along the way. He discusses the advantages of self-storage as an asset class, funding strategies, and effective marketing techniques. The conversation also touches on the freedom that real estate provides, the importance of mindset, and influential books that have shaped their perspectives. Alex emphasizes the significance of relationships and the mindset needed to succeed in real estate.
Takeaways:
Your friends can significantly impact your life and success.
Taking action is more valuable than just consuming information.
Self-storage offers time freedom and is a lucrative asset class.
Funding storage deals can be done without using personal capital.
Creative financing strategies can be applied to storage just like single-family homes.
Direct mail remains an effective marketing strategy for storage deals.
Building relationships with brokers and owners is crucial for finding deals.
Mindset is the foundation for success in any business venture.
Real estate can provide the freedom to pursue passion projects and travel.
Consistency and commitment are key to successful marketing campaigns.
Chapters:
00:00 Introduction to Self Storage and Alex's Journey
03:32 First Deal: The Learning Experience
06:26 Transitioning to Self Storage
09:28 Funding Self Storage Deals
12:32 Finding Deals in Self Storage
15:34 Direct Mail Success Stories
18:18 The Business of Self Storage
21:20 The Impact of Real Estate on Life
24:24 Books That Changed the Course
27:35 Closing Thoughts and Audience Engagement
How to Get In Touch with Alex Pardo:Storage Wins (Alex's Coaching Program): www.StoageWins.comPodcast: The Flip Empire ShowInstagram: www.instagram.com/alexpardo25Facebook: www.facebook.com/alexpardo15YouTube: www.youtube.com/alexpardo
If you want to talk about deals or if you have deals in Houston area, DM Michael Hoang on his Instagram: @michaelbesomeone or shoot him a message at
832-301-9672 (text first before calling)
#realestate #entrepreneurship #fundingstrategies #propertyinvestment #marketing #mindset #investment #businessgrowth #selfstorage #podcast