Ep #33: Building Massive Income Streams buying distressed Retail Shopping Centers – with Thomas Jorglewich

Real Estate Investing for Cash Flow with Kevin Bupp

Kevin Bupp

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4.9 • 675 Ratings

🗓️ 18 August 2014

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Commercial Real Estate Investment expert and the President of Toben Partners, Thomas Jorglewich, started out his real estate career as a sales broker with the Marcus and Millichap. Within a few short years, Thomas realized that although he was making great money as a broker he would never reach the point of financial freedom he strived for unless he got on the other side of the table and started owning real estate versus just selling and making commissions.

The next step Thomas took was quitting his job at Marcus and Millichap and taking a position with one of his previous clients, an investor who owned and operated over 1 million sq. ft. of retail space – this was how Thomas would learn the ropes. It wasn’t long before Thomas began building his own RE portfolio and making a name for himself in this industry niche.

Thomas currently owns/operates over 100,000 sq ft of retail space, has completed multiple successful ground up developments as well as distressed turnaround deals, and has become quite successful in the opportunistic and value-add retail shopping center space. Toben Partners main focus is strip and neighborhood shopping centers from 10,000 to 50,000 square feet in size in the Northern Atlanta Market

In this episode, Thomas will pull back the curtain and talk to us about investing in retail shopping centers and why he feels that any active investor looking for a “TRUE” passive income stream and secure returns should strongly consider adding this investment to their real estate portfolio.

In this interview with Thomas you’re going to learn:

· Why Thomas prefers retail property types over the other asset classes like multi-family, office, industrial

· How getting his start as a commercial RE broker has proven invaluable to his overall success in the industry

· How his boots on the ground effort and personal connections with his tenants has resulted in high occupancies at his centers

· His unique approach to pre-leasing his spaces and the strategy behind his method

· The key components he looks for when considering a new shopping center investment opportunity

· Why he prefers to invest in his local market rather than expanding his business into new areas.

· And much more…

Transcript

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0:00.0	You've been searching for the best way to generate passive income in your life and heard that real estate is a great way to do it.
0:09.2	But you're tired of all the so-called gurus who are all talk and no substance.
0:15.3	Get ready to celebrate because Kevin Buck has spent 14 years successfully making it happen.
0:21.9	This is the Real Estate Investing for Cashflow podcast.
0:25.2	Now, here's Kevin Bup.
0:30.1	Hey guys, Kevin Bup here with episode number 33 of the Real Estate Investing for Cashflow podcast,
0:36.3	where a mission is to help you build and maintain
0:38.2	massive amounts of cash flow through income producing real estate investments.
0:42.5	Our guest of honor for this week's show is Thomas Jorgilich from Tobin Partners,
0:46.7	which is a small private equity investment firm specializing in value-added real estate investments
0:51.1	and acquisitions.
0:52.5	Their main focus is strip in neighborhood shopping centers, ranging from 10,000 to 50,000
0:57.1	square feet in size in the northern Atlanta market.
1:00.7	Thomas currently owns and operates over 100,000 square feet of retail space.
1:04.9	He's completed multiple successful ground-up developments, as well as distressed turnaround
1:09.3	deals.
1:09.7	He's become quite successful in the opportunistic and value-added retail shopping center space.
1:15.2	And in this interview with Thomas, you're going to learn the following.
1:18.1	You're going to learn why Thomas prefers retail property types over the other asset classes like
1:22.3	multifamily, office and industrial.
1:24.7	You're going to learn how getting his start as the commercial real estate broker has
1:27.7	proven invaluable to his overall success in the industry, how his boots on the ground effort
	...

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