Newbie interested in Commercial RE

[Jorge Quintero]

Hello, everyone! I am new to RE and I’ve wholeheartedly committed to becoming a buy and hold real estate investor. I’ve been exploring different real estate possibilities and one of those is commercial real estate investing. I was wondering, however, how friendly this space is to new investors. In particular, one of the ideas that a friend and I have is to develop an RV park in Harris county on about a 1 acre plot of land. However, neither of us have held a property before but we have dealt with real estate in some capacity (internships with a family real estate investor, wholesales, etc). If we were to do careful research and analysis, are there going to be people interested in investing with us or is the inexperience enough to rule us out, even if the numbers look good? I’ve heard that HML invest on the asset, not necessarily on credit scores or current debt. I’ve also heard that HML don’t do business with new investors. We could do private lenders but as of now we don’t know anyone with the kind of money we’ll probably need. What has been your experiences financing these projects? Did you go in with real estate experience? Are there organizations that finance based on the asset and analysis, regardless of the investors experience? Thanks in advance, guys!