Buying first property: Looking for books, advice and mentors.
Looking into purchasing my first commercial property. What mistakes have you made? What should I avoid?

What’s your minimum CAP rate you entertain? 

What questions should I be asking?
[{"id": "i636at8", "text": "What asset class? What are your investment goals? Tax benefits? Appreciation? Cash flow? To build a large portfolio? Cap rates almost across the board are at all-time lows. That means there\u2019s a ton of buyer demand and prices are high although it has softened recently from rate hikes. Whatever you decide to invest in, you have to look at hundreds, if not thousands of properties to find a good deal so just be prepared for that. Like many fields, you\u2019ll learn from exposure so talk to as many people as possible, whether that be agents, other investors, developers, etc. You\u2019re off to a great start just by making this post. Feel free to PM me with any questions!", "replies": [], "depth": 1}, {"id": "i6533em", "text": "So much more information is needed. My minimum cap would be 6.5%, but that's not going to help you in some markets.\n\nYou should be asking to find an advisor who can guide you through the the process and help you through the right things to look for.", "replies": [], "depth": 1}, {"id": "i66mjck", "text": "Asking what CAP rate to shoot for is putting the cart before the horse. You will ultimately have to answer that question based on your investment style, geography, access to capital, goals, etc. There are investors buying at wildly varying cap rates across different verticals of real estate, markets, etc and their answer may be worthless to you. Start by doing your homework and understanding what it is you are capable of, looking for, and able to achieve given the market dynamics.", "replies": [], "depth": 1}]