Getting into commercial real estate
Basically I am 24 and looking to invest for the long haul and I am leaning towards commercial real estate. I am a commercial banker so I know the basics of financing and the money side of it. I will be debt free including a $250k house that we may leverage for equity Within the next year. I am just wondering what else do I need to know before jumping into being a commercial landlord? how do I get past the initial fear of jumping in? Any advice would be great!
[{"id": "d4wl9gn", "text": "Certainly you have connections to investors or even commercial realtors. I'd try to get some contacts with them and partner with someone who has experience, but wants a little more capital. \n\nIf you go forward with the partnership, retain your own lawyer to review the docs. ", "replies": [], "depth": 1}, {"id": "d4wlas9", "text": "You need to decide on the type of asset you want to invest in and start doing your research.  Learn how to value them, what prices they are trading at, what to watch out for, what things cost to fix, how leases work, etc.  Apartments, NNN retail, strip centers, medical office buildings, hotels... there are a lot of options and every investor I work with focuses on just one of these.\n\nEdit:  Find someone who is active in buying or managing whatever you choose and tell them what you do and that you want to invest in CRE and ask them for a meeting.  Do that 10 times and now you have the beginning of a network.  They may even steer you deals that maybe are too small for them but could be a good start for you.", "replies": [{"id": "d4xrnjp", "text": "I was thinking about light industrial there is a lot of opportunity for that in my market. I work with a lot of these guys through my work so I am going to continue working on making my network and deciding what exactly I want to look for in a building. ", "replies": [{"id": "d5cvk7g", "text": "I'm a retail guy but I agree with this one. Seems like a lot of opportunity in that segment with some patience.  ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]