Want to have experience in comml RE so that I can have my own in the future. Where do I start?

Interested in multi family group
In General Area - Asked by Komala V. - Oct 23, 2010
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Leah H.
Broker/Agent
Los Angeles, CA

In my experience is hard to star for anybody but the challenges are addictive, rule# 1. Do not waste your time, #2 look in your local area for the top businesses that are the big sharks, look up to their resumes and college affiliations to get to know them, and the ones that have been doing this for ever and own everything while making all the deals>
Rule #3> Know your opposition, #4 get free Internet data, but remember we keep things to our self’s as well, #5 map to find the properties, #6 be creative, #7 advertise in and outside boundaries (is key for me) One advice: it takes capital, persistence, and patience to build a portfolio of clients and properties, that match your portfolio. Look for the good opportunities for your clients by prospecting them to the T. If you know what they are looking for, you will find it. And last> Start by uniting with the old and savvy and gathering from their experience what you will bring for the future, practice innovation and wisdom. Remember, all is about the feeling "will work out".

Oct 24, 2010
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Bob M.
Half Moon Bay, CA

As with everything else in life, it's learn then earn. Google Commercial Real Estate training. Invest first in your education then in R.E. "Fools rush in where wise men fear to tread", correctly so. Many people have made a small fortune in CRE, unfortunately they made it from a much larger fortune; usually when they tried to "fake it until they make it".
Would you learn to fly an airplane using the approach given in the other answer, likely not. Your life is a risk in both cases, albeit somewhat differently. Bob McComb Veteran Commercial Broker

Oct 29, 2010
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Lisa A.
Owner/Investor
Phoenix, AZ

One of the best ways to gain experience but also get involved is to start out by investing with a real estate investment. Real estate investment firms pool investors together so they can achieve the same buying power as larger investors. They source and put together the best deals available, the best financing available, handles closing and asset management. Investors receive a high rate of return while being a passive investor. You receive a check every month and equity position based on investment. Minimum investments usually range from 25K+.

Oct 29, 2010
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