Ep. 28 - Expandability with Nikita Zhitov

Author: Marty Grizzanti via Podcast Principles
Published: Mon 06 Feb 2023
Episode Link: https://the-marty-grizzanti-show.captivate.fm

The transition from residential real estate to commercial can be daunting, but the rewards are immense.

This week’s guest made that very same transition and is enjoying higher cash flow and lower maintenance on his properties. Nikita Zhitov has been a Commercial Broker, Investor and Developer since 2004. He is also the author of the book, "Expandability of Investment Real Estate".

Tune in to hear about Nikita’s “aha moment” and how he made the switch to commercials. He also shares his ingenious way of cutting down on expenses, his recommendations for newbies, tips for entitling land and more!

Episode Highlights:

0:00 - Introduction

0:38 - Episode beginning

1:29 - The new “unfair advantage”

4:30 - Nikita’s “aha moment”

6:55 - Nikita’s tax appeal strategy

19:58 - Mindset on entitling land

30:14 - Nikita’s decision-making process

37:23 - Starting out as a broker

43:12 - An advantage to a commercial brokerage

44:51 - Book recommendations?

49:02 - Episode wrap-up