Imagine earning cash-on-cash returns as high as 50%!
Inspired by sophisticated real estate investors in her network, Steffany Boldrini moved her money out of tech startups and into commercial properties three years ago.
And while she’s faced a lot of challenges along the way, Steffany reached financial freedom in less than two years.
So, what is Steffany’s approach to investing in real estate? And what does she do to earn such big-time returns?
Steffany moved from Brazil to Silicon Valley 20 years ago and enjoyed a successful career in tech sales before shifting her focus to commercial real estate. As Principal at Monte Carlo Real Estate Investments, she has built a portfolio across three asset classes, achieving 36% cash-on-cash returns.
Steffany is also the host of Commercial Real Estate Investing from A-Z, a podcast about investing in retail, office, industrial and self-storage properties.
On this episode of Financial Freedom with Real Estate Investing, Steffany joins host Garrett Lynch to discuss her transition from angel investing to real estate, describing why she likes the risk profile of commercial properties over tech startups.
Steffany shares her approach to building a commercial real estate portfolio, explaining the pros and cons of investing in car washes, self-storage and short-term rentals.
Listen in to understand how Steffany leverages technology in her real estate business and get ideas for adding value to force appreciation—in any commercial asset class.
Steffany Boldrini – Key Takeaways
How Steffany got into real estate
- Angel investor in Silicon Valley startups
- Realized real estate safer, higher returns
Why angel investing is riskier than real estate
- Most startups fail
- VCs get paid first
Why Steffany likes the risk profile of real estate
- Leverage your money ($200K to buy $1M property)
- Security, important way to maintain wealth
The pros and cons of investing in car washes
- Something breaks every day
- Deal with difficult employees
- 50% cash-on-cash returns
How self-storage compares to car washes
- Lower cash-on-cash but easier to operate
- Many ways to add value and grow business
Steffany's approach to scaling a commercial portfolio
- Build track record with personal investments
- Then expand into syndications
How Steffany defines financial freedom
- Make as much as W-2
- Potential to earn much more
The biggest challenge Steffany faced getting started
- Finding right deal
- Calculate for shifts in economy
What Steffany looks for in a real estate deal
- Opportunities for value-add
- Places to cut costs
How Steffany uses data in her business
- Market comps, feasibility studies
- Add value through tech
How Steffany supports proptech startups
- Find responsive, young companies
- OpenUnit manages self-storage income
Steffany's advice for aspiring real estate investors
- Become agent at commercial firm
- Find someone to help, learn as much as you can
How Steffany thinks about failure
- Go into action mode
- Solve problem at hand
Connect with Steffany Boldrini
Commercial Real Estate Investing from A-Z
Monte Carlo Real Estate Investments
How to Flip Commercial Real Estate
How Commercial Real Estate is Valued
What is an Opportunity Zone in Commercial Real Estate
Join the Nighthawk Equity Investor Club
Get Tickets for Deal Maker Live
Learn More About Michael’s Mentoring Program
Access Michael’s Free Resources in the Freedom Vault
Financial Freedom with Real Estate Investing by Michael Blank
Apartment Investor Network Facebook Group
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