How do I break into commercial real estate investing?
How do I get started?

I have been struggling with finding a place to start and taking that first step into the world of commercial real estate investing. 

For some context, I am M22 working as a project specialist for a custom home company with goals set on being a PM of my own. So I have some understanding of this realm but could vastly use improvement. I have started to put money into some REIT's and a Fundrise account but I want to go larger than those. What were others first few steps they took to get into this world? What books/podcasts/areas of expertise were you turning to, to broaden your knowledge of this industry? Should I be in search of a mentor? 

In my opinion, any information is good information so please lay it on me.
[{"id": "itw5xrv", "text": "Your first step is to obtain $50k, I recommend lottery winnings or an inheritance.", "replies": [{"id": "itwnkl5", "text": "Depends upon where he is but in my neighborhood better come up with $250k if you want to do some dealing.  That money can come from you, or you and investors.", "replies": [], "depth": 2}, {"id": "itxlbs4", "text": "&gt;Your first step is to obtain $50k\n\nAnd then?", "replies": [{"id": "iug1zd5", "text": "At $50K you can buy into real estate syndications, where a few principals put together an investor group to buy a larger property, usually apartment buildings with 50-100+ units. This way you have 3rd party contractors running the day to day ops of the property, plus a dedicated team of principals managing the contractors. So you can just do your diligence upfront (choose the right market, principal/sponsor, and property), put the money in, and collect checks.\n\nI recommended this route because managing a property is labor-intensive with tons of fire drills which you don't want to be dealing with in addition to your day job. A lot of small time investors start off buying SFR properties and get stuck dealing with PITA tenants and buildings that don't cash flow if a single tenant stops paying. With larger apartments you have a more diverse tenant base and professionals handling the fire drills for you.\n\nFor recommended reading I would point you towards \"The ABCs of Real Estate Investing\" by Ken McElroy. \"Rich Dad, Poor Dad\" by Robert Kiyosaki is also a good mindset book but not much in terms of specifics. And ignore any of his recent interviews, the man has gone off the reservation in the past couple years.\n\nHope this helps!", "replies": [{"id": "j0hgd07", "text": "Is this information ever found online or do you find that finding syndications is mostly through word of mouth?", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "iu7iou0", "text": "Why $50K by the way?", "replies": [{"id": "iug113a", "text": "$50K is usually the minimum buy-in for HNW investors to buy into real estate syndications.", "replies": [{"id": "j23yzdx", "text": "Where do you find these?", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "ivic58b", "text": "this is not true, you can raise money", "replies": [], "depth": 2}], "depth": 1}, {"id": "itweuzn", "text": "id say by spending months to years building knowledge until you\u2019re ready. i assume you don\u2019t have f you money so build a network and learn the ropes and market. you\u2019re super young but cash is king so build up knowledge is my approach. totally do a mentor bc you\u2019d be surprised how many people will be happy to help you since you\u2019re hungry and willing to hustle", "replies": [{"id": "iu0ul4z", "text": "Where have you found opportunities to build your network? and/or find a mentor? Places like a seminar/conference or turning towards online groups?", "replies": [{"id": "iu12cnn", "text": "one route is searching listings on loopnet similar to yours and reaching out to a broker to ask to have coffee. as for networking, you may have ULI urban land institute but if not just figure out where you should be. whether searching social media, google, or whatever, find where mixers or events are and attend. avoid cheesy scams or gimmicks. be open, humble, and let people know you\u2019re seeking to learn. a mentor would be ideal and you may begin by just asking to meet to chat briefly about the market. if there\u2019s chemistry then maybe ask about mentorship.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "itwqlxy", "text": "Lots of different ways.  I became a broker and have bought good deals when I see them. \n\nAlso, find a good mentor to work with.", "replies": [], "depth": 1}, {"id": "iu0b9iv", "text": "1. Cash is always king. \n2. Understand what kind of market you want to get into (commercial, multi family, land development)\n3. Then learn everything you can \n4. Cash is king. \n\n&amp;#x200B;\n\nHere are some good resources\n\n[https://breakintocre.com/](https://breakintocre.com/)\n\n[https://www.adventuresincre.com/](https://www.adventuresincre.com/)", "replies": [], "depth": 1}, {"id": "ivic451", "text": "Here's a good video  \n\n\nhttps://www.youtube.com/watch?v=QA9CZQSVbrA&amp;ab\\_channel=TechRealEstate", "replies": [], "depth": 1}, {"id": "j1p8hhm", "text": "Hi, I recently read the article \"How To Get Into Commercial Real Estate: An Ultimate Guide For Investors In 2022\" of [Urban Real Estate Center](https://www.urecenter.com/) and I must say it is a great resource for anyone looking to enter the commercial real estate market. The author does a great job of breaking down the various considerations and steps involved in the process, from understanding the different types of commercial properties to identifying and analyzing potential investment opportunities. Whether you are a seasoned investor or new to the industry, this article is sure to provide valuable insights and guidance. I highly recommend giving it a read.\n\nRead more here: https://www.urecenter.com/resource/How-to-Get-into-Commercial-Real-Estate:-An-Ultimate-Guide-for-Investors-in-2022", "replies": [], "depth": 1}]