Creative Capital Podcast 140: From World Championship Hockey Player to Real Estate Developer with Aaron Palushaj
Creative Capital
Josh Ferrari
5 • 1.1K Ratings
🗓️ 11 February 2022
⏱️ 46 minutes
🧾️ Download transcript
Summary
Aaron is the founder of Paloosh Properties and Paloosh Capital through which he develops and manages multi-family properties in the metro Detroit area. He brings a unique background to the real estate development community as he comes off a 12-year professional hockey career that encompassed part of 3 NHL seasons. Currently, he finds excitement in green development and prioritizes this in his ground-up projects through features like solar, EV charging, and smart-home-technology. He and the Paloosh team have developed 12 units, are under construction on a 6 unit, and are scheduled to break ground on 3 projects totaling north of 200 units in 2022.
In this episode, Aaron talks about going from professional hockey player to real estate developer. He also dives deep into what a “green development” looks like, the opportunities of this kind of investment, and the process of implementing these green technologies. Lastly, he also shares with us some really great advice especially if you are just starting out in real estate. All these and more on the episode, so make sure to tune in until the end!
[00:01 - 13:41 ] From Hockey to Real Estate
- Aaron shares about his background and how he got into real estate
- Getting into hockey and eventually going pro
- The journey to figuring out that he will pursue real estate
[13:42 - 30:39 ] Going Green with Real Estate
- How green development looks like
- Implementing new technologies that are good to the environment
- How the financials of green properties look like
- The process of implementing energy efficient appliances
- The process of building 12 units
[30:40 - 46:26 ] PodDecks and Core Four
- PodDecks
- What is the nicest thing a stranger has done for you?
- What is your pet peeve?
- What would a sandwich be called if it were named after you?
- Core four
- Favorite real estate related book
- Unique skill that helps you become successful
- Something true about real estate that nobody believes
- One thing to succeed in real estate investing
- Connect with Aaron through the links below
Resources Mentioned
Key Quotes:
"Sustainable energy, efficient developments, and rehabs are profitable. It's a statement that I think I'll continue to prove throughout my career." - Aaron Palshaj
Connect with Aaron on LinkedIn!
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Transcript
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| 0:00.0 | You're listening to the Creative Capital Podcast. |
| 0:08.1 | You're dying to learn about how you can create wealth through real estate investing, then |
| 0:11.4 | you come to the right place. |
| 0:13.7 | Join in every week as we go over the ends and outs of real estate investing and learn |
| 0:18.2 | how you too can become financially free. |
| 0:23.0 | I do know that if you were to do like a cost segregation study and that I'm sure a lot |
| 0:27.3 | of your listeners have heard and kind of are familiar with, the more energy efficient |
| 0:31.6 | the lighting is and the toilets are and the HVAC system is, the more you're actually |
| 0:37.4 | going to be able to take, you'll be able to take that depreciation and accelerate it, |
| 0:42.2 | but then you'll also be able to take additional kind of depreciation on that. |
| 0:47.1 | What's going on everybody? |
| 0:48.1 | This is Josh Ferrari, host of the Creative Capital Podcast. |
| 0:53.0 | And I'm excited that you guys are here today to listen to today's episode specifically |
| 0:57.6 | because we actually meet a world champion hockey player slash real estate developer. |
| 1:05.7 | As you already know, and that's why you're tuning in because you saw it in the title, |
| 1:08.7 | but I had to say it again because I think it's so cool. |
| 1:11.5 | I've honestly never really watched hockey too much, but just meeting a professional athlete, |
| 1:18.3 | they're a whole nother breed of individual. |
| 1:20.7 | They have a new level of persistence, they have a new level of drive that a lot of people |
| 1:26.8 | don't have. |
| 1:27.8 | Like, they honestly might have more drive than some entrepreneurs or maybe even most |
| 1:32.3 | entrepreneurs. |
... |
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