Читать книгу Commercial Real Estate Investing For Dummies - Peter Harris - Страница 77

What if you are starting out with very little money, but you have a burning desire to get started in commercial real estate? To keep it interesting, let’s also say that you have no experience. Can you still wholesale a commercial property? The answer, of course, is yes.

The key to wholesaling is understanding which types of properties will provide you with the biggest pool of buyers. Your best buyers are going to be newer investors who are hungry to get into property. Because of this, it’s important to focus on the following types of leads, property sizes and type.

 Off market properties: dealing directly with the owner. (Note that this is a strong preference, not a hard and fast rule. While you can wholesale a deal with a broker involved, it’s much harder to do.)A $16,000 CASE STUDYLet me introduce you to our Commercial Mentoring client Bryon. He didn’t have any experience with commercial real estate whatsoever. He’s a former corporate guy who quit his six-figure job cold turkey to jump right into investing in houses. After making money with lease-option deals for about six months, he decided to try out commercial.Byron offset his lack of commercial experience with motivation. We got him started with commercial wholesaling where he made $16,000 on his very first deal.

 Class C apartment buildings: where the highest returns are found which means you’ll have more potential buyers.

 5 to 50 units: smaller deals where you’re not competing with the stronger, well capitalized investment firms.

So why would anyone want to wholesale commercial real estate? Well, the simple answer is it solves a huge problem. As a beginning commercial real estate investor, it’s not uncommon to face a big obstacle — you don't have the down payment.

We take our clients through the wholesaling process and show them how to make money wholesaling several deals as a way to get started with commercial real estate. You can save up for the down payment that you may need after you find a deal that you want to keep. For investors who are starting out without much of their own investment capital, that's the reason why you should consider wholesaling as an entryway into commercial real estate investing.