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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.\xa0\n\xa0\nNeil 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.\xa0 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.\n\xa0\n[00:01 - 07:49] Opening Segment\n\xa0\nNeil gives an introduction about himself\nNeil shares how he was a pilot turned real estate investor\xa0\nBeginning MAG Capital Partners\n\n\xa0\n[07:50 - 13:22] Commercial Real Estate Sale-Leaseback Investing\n\xa0\nNeil goes into detail on investing in single-tenant sale-leaseback\nWhy you should invest in single-tenant sale-leaseback\nPutting debt on a property vs. selling a property\xa0\nNeil shares scenarios on sale-leaseback investing\n\xa0\n[13:23 - 24:07] Unexpected Expenses and Tenants\n\xa0\nCash Flows, Net Lease, and Unexpected Expenses\nAbsolute Triple Net Lease\n\nNeil talks about difficult tenants\nSale-Leaseback Investing Risks\nSub-Investment Grade\nMaking long term tenants\nIndustrial results to landslide depreciation\n\xa0\n[25:09 - 33:16] Closing Segment\n\xa0\nQuick break for our sponsors\nWhat is the best investment you've ever made other than your education?\nA deal they raised capital for\xa0\n\nNeil\u2019s worst investment\nLeasing a car\n\nWhat is the most important lesson that you've learned in business and investing?\n\u201cWhen problems show up, have the maturity and foresight to look at the situation.\u201d\n\nConnect with my guest. See the links below.\n\xa0\nTweetable Quotes:\n\u201cThe easy segway into passive commercial is into multifamily. \u201d\xa0 - Neil Wahlgren\n\u201cTaking 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.\u201d - Neil Wahlgren\n\xa0\n------------\nConnect with Neil through neil@magcp.com, Linkedin, and Instagram.\nVisit his website:\xa0 https://magcp.com/home/ or via LinkedIn\xa0\n\xa0\nLEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes