New/young investor looking for advice with experienced brokers with knowledge into purchasing Multi family, retail/office, or industrial
Hey guys, I own a small business and recently “flipped” my first residential house and have about 120k to invest into a bigger real estate project. The big three I’m interested in are multi family, retail/office, and industrial. More so retail/industrial due to the more NN/NNN nature of the investments. I’m only 24, but hungry and ready to invest into more than the traditional SFH/duplex way of investing. I read through this subreddit sometimes and if you guys were in my position what would you be doing to secure a good start in the commercial side of investing? Any and all input is welcome
[{"id": "i8wwf49", "text": "Start networking with syndicators. Get your checklists together for refining deals. Take your time to learn! See if any syndicators will let you do some GP investing for a fly on the wall seat at the table that way you can get a sense of operations.", "replies": [], "depth": 1}, {"id": "i8xsy4s", "text": "I possibly have a deal coming through waiting later this week to see if i get it. Possible room for a gp invest but also a few other options to make money on the deal dm if interested", "replies": [], "depth": 1}, {"id": "i8ygjd5", "text": "Have you thought or done research on digital assets? (Fulfillment by Amazon [FBA] stores) It\u2019s a lot less work with more upside and less headaches than managing real estate. \nI am a commercial real estate broker by day. FBA investor in my spare time.", "replies": [{"id": "i8yh47n", "text": "I actually have but have no experience in the field, been looking to buy an fba business on quiet light brokerage for a few months now. Any advice on how to jump in?", "replies": [], "depth": 2}], "depth": 1}, {"id": "i912xh3", "text": "I would avoid retail like the plague. Its a dying asset class, just look at cap rates. Industrial is nicer, as distribution and flex spaces are pretty popular, and R&amp;D is nice if you can get a long term lease in place. If I were you, I would get into multi-family fast and hot. Historically low cap rates, a general need for housing in all cohorts ranging from LIHTC to Class A. Value-adds are all over the country.", "replies": [], "depth": 1}]