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I’ve read a lot of BS online about it. I’ve known several people that are rich doing it. However, I’m really confused about how this business works. Right now, it seems to me like you have to already have a lot of money or real estate to make it in commercial real estate. Those prime locations and huge building are really expensive. I don’t have a lot of startup money and I don’t want to risk much of what I do have. Is it possible to startup small in this business? If so, how? TIA for any help!
I just graduated from college and I have been been looking to get into Commercial Real Estate. I wanted to see if this was a good idea. I have been told I will probably not see any sort of income for at last 6 months and potentially a year. I am wondering what the average earnings are in the first couple of year after training. Also if anyone has opinions of Marcus and Millichap please add that as well.
I am looking to start a bar in Chicago, IL and I know the building that I want to acquire. I have a partner who is able to put $350-400K into the project but the building itself will cost between $750K-$1M to acquire and will require anywhere from $100K-200K to restore and convert. I would like to know the best place to go for a commercial real estate loan keeping in mind the significant funding we already have. I would like to limit the down payment to about $100-150K to keep the rest available for the bar itself. As a side note my personal credit score isn’t fantastic (about 630). Also, the building is not currently a bar but an old theater so it will require remodeling, however they do hold a liquor license so it is properly zoned.
Thanks!
Property investors oftentimes want to know where to find great multi family rental properties deals. When you’re considering apartments for investment, it almost always come down to who you’re building relationships with. Commercial real estate isn’t for all property investors, but if you’re real estate investing objectives include ideas for passive income, it may be time for you to enter the multi family real estate investing world.
I have recently been offered a job at a commercial real estate brokerage firm in NYC, and I am trying to figure out either, what to expect or what questions to ask. Should I expect a draw, will it be salary based + commission or 100% commission based. What kind of benefits should I ask about? Also, how should I go about asking these questions with out being out of line or seeming presumptuous?
Online education videos to help California Real Estate agents use the tools they need to create contracts and process sales.
California Real Estate Education
Is anyone getting commercial or residential real estate loans? The real estate collapse continues. Inside scoop from my realtor friend Carl. Commercial real estate dead? Is this the recovery our president is talking about?
I’m looking into becoming a commercial real estate agent, do I have to take a different exam than if I wanted to work as a residential agent or is it the same test for everyone?
Do you guys have any tips on what kinds of things I should learn to go into commercial real estate?