Go Big! Live Podcast
Welcome to the "Go Big! Live" podcast, where we explore the exciting world of commercial real estate investing through in-depth interviews with successful investors who have scaled up their portfolios. Hosted by experienced real estate investor Matt Drouin, our show delves into the nitty-gritty details of each guest's first big deal, their journey leading up to it, and the challenges and rewards they've encountered along the way. Each episode offers valuable insights and actionable advice to help you make the leap into larger deals and expand your real estate empire. Join our community on Facebook for engaging Q&A sessions with our guests and the opportunity to network with like-minded investors. Get ready to be inspired, learn from the best, and go big in the world of real estate investing!
Go Big! Live Podcast
Broker Bonds and Real Estate Wins: A Conversation with Mike Margarella
In this episode of the Go Big! Live Real Estate Investors Podcast, host Matt Drouin welcomes back Mike Margarella, founder and principal of Next Play Investments. They discuss Mike's strategies in navigating the commercial real estate market, the importance of building and maintaining relationships with brokers, and adapting to market changes like rising interest rates and inflation. Mike explains the intricacies of managing both self-storage facilities and apartment complexes, shares insights on his current assets, and provides valuable advice for investors looking to move into larger commercial deals. They also dive into the details of a recent acquisition in Lexington, Kentucky, exploring market trends and the negotiation tactics that made the deal possible.
00:00 Building Broker Relationships
00:29 Introduction to the Podcast
00:42 Guest Introduction: Mike Margarella
01:48 Market Trends and Challenges
06:49 Self Storage Insights
11:44 Multifamily Market Strategies
15:19 Phoenix Apartments Deal
24:59 Advice for Aspiring Investors
27:25 Conclusion and Contact Information
Connect With Mike:
Instagram: @nextplayrei
Facebook: @Next Play Investments