In this installment of the Optimal Wealth Podcast, our host, Jarod Alexander dives deep into the world of real estate investment, focusing on a niche that has seen remarkable growth in recent years: storage units. Special guest, Erick Hemingway, the visionary behind Nomad Capital, shares his journey and expertise in transforming underutilized spaces, such as former Kmart buildings and old mills, into highly profitable storage facilities.
Erick and Nomad Capital stand out in the real estate investment realm through their innovative approach of being vertically integrated, handling everything from construction to property management in-house. This episode not only sheds light on the investment potential that storage units offer but also details the operational efficiencies and strategic advantages of controlling the entire investment lifecycle.
Listeners will get an inside look at Erick's investment philosophy, the challenges he's overcome, and the successes he's celebrated throughout his journey. Whether you're an experienced investor or just curious about new opportunities, Erick's insights provide valuable lessons on spotting potential, leveraging vertical integration, and maximizing returns in the storage unit market.
Full Episode: https://youtu.be/Fr_8z1PIwL8
Books:
Rich Dad Poor Dad - https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
Connect with Erick Hemingway
6104313855
LinkedIn - https://www.linkedin.com/in/erik-hemingway-27b41149/
Learn more about the Optimal Equity Group