Commercial Real Estate Sale-Leaseback Investing with Neil Wahlgren

Welcome back to the Passive Wealth Strategies show. Today we meet our guest Neil Wahlgren as he talks about sale-leaseback and industrial real estate investing. 

Neil Wahlgren brings nearly two decades of leadership in operations and capital markets. Prior to MAG Capital Partners, Neil led a Bay Area real estate investment firm, raising capital for over $200M in projects.  He also piloted the C-130 in both the Air Force and Navy, logging over 2500 flight hours with combat tours to both Iraq and Afghanistan and concluding his military career as a Lieutenant Commander. Neil resides in San Francisco and enjoys flying & sailing. He holds a BS from the Air Force Academy, an MBA from Texas A&M and an MS from Troy University. With core values of integrity, punctuality, and attention to detail, he specializes in securitized commercial real estate investments with credit tenants through industrial sale leaseback acquisitions.

[00:01 - 07:49] Opening Segment

• Neil gives an introduction about himself
  • Neil shares how he was a pilot turned real estate investor 
  • Beginning MAG Capital Partners

[07:50 - 13:22] Commercial Real Estate Sale-Leaseback Investing

• Neil goes into detail on investing in single-tenant sale-leaseback
• Why you should invest in single-tenant sale-leaseback
• Putting debt on a property vs. selling a property 
• Neil shares scenarios on sale-leaseback investing

[13:23 - 24:07] Unexpected Expenses and Tenants

• Cash Flows, Net Lease, and Unexpected Expenses
  • Absolute Triple Net Lease
• Neil talks about difficult tenants
• Sale-Leaseback Investing Risks
• Sub-Investment Grade
• Making long term tenants
• Industrial results to landslide depreciation

[25:09 - 33:16] Closing Segment

• Quick break for our sponsors
• What is the best investment you've ever made other than your education?
  • A deal they raised capital for 
• Neil’s worst investment
  • Leasing a car

• What is the most important lesson that you've learned in business and investing?
  • “When problems show up, have the maturity and foresight to look at the situation.”

• Connect with my guest. See the links below.

Tweetable Quotes:

“The easy segway into passive commercial is into multifamily. ”  - Neil Wahlgren

“Taking your time on important decisions can result in a much more thought out and really responsible solution to a problem that will serve you long term.” - Neil Wahlgren

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Connect with Neil through [email protected], Linkedin, and Instagram.

Visit his website:  https://magcp.com/home/ or via LinkedIn