Jun 9, 2021
Today’s guest is
Neil Wahlgren, the Chief Operating Officer of MAG Capital
Partners. Neil brings nearly two decades of leadership in
operations and capital markets. Prior to MAG Capital Partners, he
led a Bay Area real estate investment firm, raising capital for
over $200MM in projects.
Before entering the real estate
world, he was a pilot for C-130 in both the Air Force and the Navy,
logging over 2,500 flight hours with combat tours to both Iraq and
Afghanistan.
Let’s dig in to learn more about
his inspiring journey, the net lease industrial space, and what it
takes to be a good real estate operator.
[00:01 – 10:20] Opening Segment
- Let’s welcome Neil Wahlgren to the show.
- Neil shares some information about his
background.
- The transition preparation and process from the
military to the real estate industry.
- Neil shares a story of why he wanted to
transition from full-time active duty flying to a real estate
professional.
[10:21 – 18:30] The People-First
Mindset
- Neil talks about what it takes to be a good
real estate operator.
- Neil’s advice for passive
investors.
- Evaluate and find the right team.
- Understand the core fundamentals of what and
why you’re interested in investing.
- Neil talks about the initial questions to ask
and tips when looking at a deal.
- The red flags in real estate
investing.
- If you are interested in multifamily and want
to review a sample deal, check out our special download of a sample
deal package on casmoncapital.com/sampledeal,
and join our mailing list to get tips on exclusive investment
opportunities.
[18:31 – 31:30] Leveraging in The
Industrial Space
- Neil talks about the types and sectors of deals
that he is focusing on.
- The importance of keeping things simple in
investing and real estate business.
- Understanding the net lease industrial
space.
- The risk involved in the net lease industry in
comparison to multifamily.
- Why Industrial space is very in high demand
these days.
- Neil shares brief information to understand the
business aspect of industrial.
- How to connect with Neil?
-
[31:31 – 42:22] The Bull’s eye
round
- Apparent Failure:
-
- Raising money for a deal right when Covid hit
off.
- Digital Resource:
-
- Most Recommended Book:
-
- Daily Habit:
-
- Wake up early, workout before noon, and educate
himself with some readings.
- Take some time for new skills
- Current Curiosity:
-
- Everything he does not yet.
- Wish I Knew When I Was Starting.
-
- Do not think about it; just do it.
- Being a little reckless is how you grow as a
person.
- Best Place to Grab a Bite in the Northbridge
Bay Area
-
- Tony’s Pizza
- Golden Boy Pizza
- Il Casaro Pizzeria
- How to connect with Neil.
-
- Final words from me
Tweetable Quotes:
“Having that alignment is
more important than any sort of nuance piece of what the preference
is or what their projections are.” –
Neil Wahlgren.
“Do not think about it, just
do it. ” – Neil Wahlgren.
“At the end of the day, your
track record, communication, and having your interest align with
the sponsors are much better foundations for a successful
investment, especially for a long-term investment of real estate.”
– Neil
Wahlgren.
You can connect with Neil
on Linkedin; you can also send him an email to
neil@magcp.com.
Thank you for joining us for
another great episode! If you're enjoying the show, please
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To enhance your multifamily
knowledge and achieve greater success in your business, you can
connect with me on LinkedIn and Facebook or check out my website www.casmoncapital.com/.