In a recent episode of the Property Profits Real Estate Podcast, host Dave Dubeau had the pleasure of speaking with Pamela Goodwin, an accomplished real estate entrepreneur based in Dallas, Texas. With more than 35 years of experience in commercial real estate, Pam offers valuable insights into the world of single tenant net lease properties, making this episode a must-listen for anyone interested in the field.

A Journey Through Commercial Real Estate

Pam began her career in commercial real estate while working with Brinker International, where she developed more than 50 Chili’s restaurants. This experience sparked her interest in the profitability of landlords through long-term ground leases. Eighteen years ago, Pam established her own commercial real estate company, focusing exclusively on working with national tenants. She explained how her firm purchases land and leases it back to major companies like Walgreens and Chase, enabling landlords to collect rent while tenants cover all expenses associated with the property.

Current Ventures and Portfolio Insights

During the interview, Pam shared her current real estate portfolio, highlighting a recent acquisition: a vacant bank building in Birmingham, Alabama. This property, which is just under 4,000 square feet, is set to attract a national tenant, showcasing the potential for lucrative deals in the commercial real estate sector. Pam emphasized her commitment to helping newcomers find their first deals, illustrating how collaboration with partners can lead to successful investments, even with limited resources.

Overcoming Challenges in Commercial Real Estate

One of the key challenges discussed during the episode is the impact of rising interest rates on the commercial real estate market. Pam noted that while online shopping has affected some retail sectors, restaurants continue to thrive, particularly in Texas, where dining out remains a popular activity. She emphasized that opportunities still exist for savvy investors willing to explore creative avenues, such as partnering with local cities to redevelop underutilized properties.

Insights for Aspiring Investors

Pam encourages aspiring investors to seek the right training and mentorship. Drawing from her own experience, she highlighted the importance of teaming up with seasoned professionals who can guide newcomers through their initial ventures. She also shared her innovative approach to finding deals, including rewarding “bird dogs” who identify promising properties with equity stakes in the investment.

Looking Ahead

As Pamela looks to the future, she is focusing on redevelopment projects and continues to seek ways to assist others in entering the commercial real estate market. Her motto, “Everything’s for sale; it’s just a matter of time and money,” reflects her belief that opportunities abound for those willing to pursue them.

For those interested in hearing her full insights and experiences, the original interview is available on YouTube at Single Tenant Triple Net Property Investing with Pamela Goodwin.

This episode serves as an inspiring reminder that success in real estate is achievable through knowledge, partnership, and a proactive approach to finding opportunities.

FACEBOOK POST

🌟 Exciting news! I just wrapped up an interview on the Property Profits Real Estate Podcast with Dave Dubeau! 🎙️ We dove deep into my journey in real estate, focusing on single tenant triple net properties and my recent acquisition of a vacant bank building. If you’re investing in real estate and want to share your story, Dave is looking for more investors to feature on his show! 

Check out the episode here: Single Tenant Triple Net Property Investing and apply at DaveInterviewsYou.com! 🏢💼 

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