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Updated over 6 years ago,
Starting out: Commercial RE
Hello BP!
I've spent that last two years preparing, saving, reading and educating myself through BP and several books for that one moment, that moment of pure ecstasy, the moment I closed on a rental property. My first one! ... And it felt like any other day. (Still haven't written a post about it, will soon).
I guess the rush wasn't there. Didn't feel like I accomplished much.
Spent the next few months deciding on a move and I came to the idea of REIT's for supplemental income. Did my research, found a few sources and built up a portfolio of publicly traded REIT's with a small modest size of around $20K (and growing of course) producing div's.
Still didn't really solve the equation of wealth building or my 'fix', My motto is "Rentals and REIT's". I even went with 2 private REIT's with small positions just for fun. (More on that in a years time).
Now I'm at the point where I've been reading about CRE (Commercial Real Estate). I'm an overseas investor, I work outside of the U.S. as an expat. I could keep buying houses for the next few years, with 20% DP's. But I want to build a bigger empire, as ambitious as that sounds, as I'm sure everyone here on BP does.
Some of my biggest questions to BP members who have Commercial RE:
How did you start out?
What books do you recommend?
Is Crowdsourcing CRE viable or a waste of time?
Has it been worth it?
I'm still going to continue on my path of REIT's and Rentals (SFr/MFHr), but CRE investing seems like it has a much bigger bang.
Interested in everyones thoughts!