133 - Your Prescription for Cashflow - Joe Schimizzi

Unlocking Passive Income: Medical & Retail Real Estate with Joe ShimizziIn this episode of Passive Income Adventures, Emma talks to Joe Shimizzi, a seasoned commercial real estate investor specializing in medical office space and retail. Joe shares his entrepreneurial journey, starting from his early 20s, and how he transitioned into the realm of real estate investing. The conversation covers the importance of diversification, understanding asset classes, and the intricacies of converting general office spaces into medical office spaces. Joe also discusses the high demand for neighborhood retail and underscores the value of subject matter expertise in successful real estate investments. Tune in to learn valuable insights into building a robust passive income stream through strategic real estate investments.Bio:Joe Schimizzi is the Founder and Principal of a private equity real estate investment firm (Acquira Capital), its operating entity (Acquira Realty Holdings), and its property management firm (Acquira Property Management). He has completed approximately $100 Million of real estate transactions to date, with approximately $60 Million of current Assets Under Management. Joe has unique experience in value creation investment strategies in the areas of Asset Repositioning, Asset Value Creation, Distressed Asset acquisitions, and Capital Market Optimization. He has over 15 years of direct real estate investment experience for personal and closely held investment portfolios. Joe created Acquira Capital to leverage private equity investments for strategic real estate acquisitions offered to passive real estate and group investors.Connect with Joe Shimizzi:LinkedIn: https://www.linkedin.com/company/acquira-capitalWebsite: https://acquiracapital.comConnect with Emma:https://InvestWithEmma.comhttps://PartnerWithRise.com/Emmahttps://Highrise.group00:00 Introduction to Passive Income Adventures00:31 Meet Joe Shazi: Commercial Real Estate Investor02:07 Joe's Journey into Real Estate05:58 The Medical Office Space Advantage12:58 Navigating the Post-COVID Real Estate Market20:04 Investment Strategies and Expertise23:51 Learning from Past Investments24:23 Understanding Medical Office Investments25:27 Challenges and Realities of Private Equity26:20 Diversifying into Retail Investments27:46 Defining Inline and Neighborhood Retail28:30 Repositioning Retail Spaces31:53 Specialization in Different Asset Classes34:15 Personal Motivations and Passive Income39:26 Encouraging Early Passive Income Investments40:49 Connecting with Potential Investors