EP 174 - Buying Commercial Offices (During Covid) for Huge Returns with Carlos Rovira

What did you think of todays show??Buying Commercial Offices (During Covid) for Huge Returns with Carlos RoviraEpisode 174There’s no way to predict the future of the real estate market, but sometimes taking risks pays off. That’s exactly what happened with today’s guest when he invested in office spaces during the turbulent time of the pandemic, when remote work increased and buildings were empty.Carlos Rovira is a residential investor turned commercial investor, and this new niche in office buildings has yielded him and his partners BIG returns. Their portfolio boasts 90% occupancy and a 16% cap rate, and most impressive, Carlos does it all working virtually.In this episode, he describes transitioning from Miami’s market into the commercial space in Kansas City, accidentally getting into the property management business, and the deals he’s about to close.Listen to this episode to learn more about his real estate journey, and how he succeeded in a new marker while living states away!Topics discussed in this episode:What drew Carlos to real estateNavigating the ups and downs of the real estate marketWhy he moved into the commercial spaceMiami’s unique real estate marketHis experience with virtual investingScreening potential tenantsWhat he looks for in a potential buildingRent, expenses, and cap rateHis story dealing with a slumlordCarlos’ advice to new investorsConnect with Carlos Rovira:https://www.instagram.com/thecarlosrovira/https://twitter.com/TheCarlosRoviraIf you’re an established investor with money to invest, but not the time, check out the Instant Investor PRO Program! https://www.collectingkeyspodcast.com/storeCheck out the NEW Big Dan Energy shirt (and more!) in the Collecting Keys Merch Store: https://store.collectingkeyspodcast.com/Download the FREE 5-Step Guide To Generating Off Market Leads here: https://www.collectingkeyspodcast.com/freeIf you are interested in learning from Dan and Mike to receive coaching and learn how they built their business, head to https://www.instantinvestorprogram.com and see if you are a good fit for the mastermind group!Collecting Keys Podcast Resources:https://www.collectingkeyspodcast.comhttps://www.instagram.com/collectingkeyspodcast/https://www.instantinvestorprogram.com/https://www.instagram.com/mike_invests/https://www.instagram.com/investormandan/This episode was produced by Podcast Boutique https://www.podcastboutique.com