Residential agent thinking about making a commercial leap!

[Amy Ranae]

Hi Friends! I'm a realtor currently working and doing pretty high volume in Minneapolis area residential sales. I'm thinking about transitioning to commercial and wanting to chat with others working in this area. Who are your fave brokers and agents working in commercial in Minneapolis, St. Paul, and twin cities suburbs? I know a few commercial investors who are encouraging this move but I want to learn a bit more about this biz first. Thanks!!

[Joel Owens]

It's not about the money. It's what you enjoy and have a passion for. Commercial real estate is all I do as a principal broker and look forward to getting up everyday and see what happens.

Some residential brokers and agents just see big checks in commercial but do not understand the time and effort that go into deals of that size.

Instead of clients putting down 4k to say 100k in residential they are putting down sometimes millions to tens of millions of dollars as an investment.

Make sure you enjoy numbers and analysis. You can still do residential and commercial if you are doing smaller mom and pop stuff sub 1 million. If you are getting into larger properties you really need to only do commercial full time and specialize in it. 

Decide in commercial if you want to do leasing or transacting etc. I only do transacting.