BiggerPockets Real Estate Podcast

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

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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.

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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

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

Real strategies that work for real people seeking to build wealth through real estate investments. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investors and other real estate professionals, who chat about failures, successes, motivations, and lessons learned.
    Don Spafford Investor from Idaho Falls, ID
    Replied about 3 years ago
    Very interesting. Being from Omaha I had to check out what properties are there, I am familiar with all of those. Pretty cool. Hey David, if you need someone to speak with your Spanish speaking clients, I’d be glad to help.
    Javier C. Architect from Austin, Texas
    Replied about 3 years ago
    Don, let me know if you hear back from David. I can also assist/manage Spanish speaking clients. I can also help with with builders, city officials and contractors as i am familiar with the design and construction process.
    Andrew Syrios Residential Real Estate Investor from Kansas City, MO
    Replied about 3 years ago
    Interesting podcast, good job David!
    Yvonne Carter from Baltimore, Maryland
    Replied about 3 years ago
    Thank you BiggerPockets for making learning about Real Estate Investing & Wealth Building fun, I also enjoyed the way the Hosts Joshua Dorkin & Brandon Turner include their own personal experience in each and every podcast, podcast 253 one word informative
    Nathan G. Real Estate Broker from Cody, WY
    Replied about 3 years ago
    This was a good introduction to investing in strip malls and commercial. Like Brandon, commercial is pretty tough in my small community because a lot of businesses fail and commercial properties sit vacant a long time. Thanks for sharing another good episode, guys!
    Mike Rosso Rental Property Investor from Amherst, Ohio
    Replied about 3 years ago
    Great podcast David! Very interesting material. @Brandon Turner curious if you had more information about residential homes being the most leveraged in history? Thanks