253: Recession-Resistant Investing & the Benefits of Buying Shopping Centers with David Puchi
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.
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
- BiggerPockets Forums
- BiggerPockets Marketplace
- BiggerPockets Podcast 250: Grant Cardone on Multifamily Investing and Why You Should Never Buy a House!
Books Mentioned in this Show
- The Book on Rental Property Investing by Brandon Turner
Fire Round Questions
- I am planning to build a 10~12K sqft strip with 6 units, which type of business will be well fit?
- What is protocol for charging and collecting overdue rent?
- How to lease retail store to franchise
- How to determine value of a commercial property w/ no list price?
- Adding appreciation to a commercial property
- Are current tenants a big factor in the sellability?
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
Learn more about your ad choices. Visit megaphone.fm/adchoices
Available Results
Generated results are saved to your library for reuse and search.
Choose Template
Pick the result you want. You can review provider and model before generating.
A concise first-pass summary for understanding the episode quickly.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
A comprehensive extraction focused on health practices, protocols, claims, and safety caveats.
A dedicated analysis of warnings, limitations, trade-offs, weak evidence, and uncertainty.
Repeatable methods, frameworks, mental models, processes, and systems.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
A concise first-pass summary for understanding the episode quickly.
A detailed readable summary organized by chapter or topic.
A navigable map of subjects, topic flow, and suggested chapters.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
Reusable atomic knowledge units extracted from the episode.
A comprehensive extraction focused on health practices, protocols, claims, and safety caveats.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Explicit actions, next steps, habits, recommendations, and things to avoid.
A dedicated inventory of concrete resources named in the episode.
A dedicated analysis of warnings, limitations, trade-offs, weak evidence, and uncertainty.
A concise first-pass summary for understanding the episode quickly.
A detailed readable summary organized by chapter or topic.
A navigable map of subjects, topic flow, and suggested chapters.
A comprehensive, source-grounded extraction of the reusable knowledge in an episode.
Reusable atomic knowledge units extracted from the episode.
A comprehensive extraction focused on health practices, protocols, claims, and safety caveats.
A comprehensive extraction focused on opportunities, strategy, markets, and company building.
Scientific findings, mechanisms, studies, hypotheses, and the limits of the evidence discussed.
Technologies, AI models, technical methods, capabilities, limitations, and adoption implications.
Investment theses, assets, catalysts, valuation reasoning, time horizons, and risks.
Chronologies, actors, causes, consequences, turning points, and competing historical interpretations.
Policies, proposals, stakeholders, arguments, implementation constraints, and predicted effects.
Career paths, skills, hiring signals, workplace decisions, transitions, and limitations of the advice.
Behavioral mechanisms, biases, motivation, habits, emotions, interventions, and evidence limitations.
Economic mechanisms, incentives, indicators, market structure, forecasts, and uncertainty.
Leadership principles, team systems, organizational design, culture, feedback, and failure modes.
Audience, positioning, messaging, acquisition, retention, experiments, metrics, and failed approaches.
Teaching methods, learning strategies, practice, feedback, assessment, and effectiveness evidence.
Theses, premises, arguments, objections, values, thought experiments, and unresolved questions.
Communication patterns, conflict, boundaries, expectations, repair methods, and contextual limitations.
Books, papers, authors, courses, and other learning resources mentioned in the episode.
Repeatable methods, frameworks, mental models, processes, and systems.
Explicit actions, next steps, habits, recommendations, and things to avoid.
Memorable statements and important claims with attribution and source context.
A dedicated inventory of concrete resources named in the episode.
A dedicated analysis of warnings, limitations, trade-offs, weak evidence, and uncertainty.