Money Tree Real Estate Investor Podcast

David Cruz-Palmer - From Commercial Broker to Owning Industrial Syndication

November 08, 2022 William Holland Season 1 Episode 10
Money Tree Real Estate Investor Podcast
David Cruz-Palmer - From Commercial Broker to Owning Industrial Syndication
Show Notes

“One of the dreams of becoming a commercial broker is to own your own real estate one day.”

David has been in commercial real estate for over 15 years. Over that time he's been an owner, investor, developer, and broker.  Go give him a follow on LinkedIn at https://www.linkedin.com/in/davidcruzpalmer/

David previously worked for Cushman-Wakefield. He has helped commercial tenants find office and industrial space while figuring out comprehensive real estate plans for his clients’ future expansions. This experience has given him a unique perspective on the process of buying and selling real estate.

Since then he’s syndicated 3 properties and was able to raise $5 million in the last year. He is truly a believer in industrial real estate because it has a 3% vacancy rate for the nation. He continues to raise capital and is focused on buying cash-flowing assets which is more efficient and has a quicker ROI.

While not working on real estate, you can find David playing sports with his kids, doing Brazilian jiu-jitsu, or going through a Crossfit workout.

 

In this episode we discuss:


✅ COVID Affecting Real Estate

✅ Industrial Real Estate

✅ Triple Net Leases (NNN)

✅ Real Estate Pass-Through

✅ Deglobalization

Great quotes from the episode include:

“We all find our thing, and you just grab hold of it, and run with it, and see where it takes you.”

“There’s a really great thing to have a tenant pay for especially during a recession.”

“Insurance is expensive, but it is necessary.”


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