@Michael Sabosky
Here's "a" path, I'm not your mentor.
If you have already done this, then its a matter of pulling the trigger. Read my post to another new person, about calculating their risk of failure. Although people are talking about success, their real reason for not pulling the trigger is they can't understand their risk of failure.
Recommend you do the following:
1. Stay in your "Lane". Build off your "Sales" background, business management and Solar. Don't start from ground zero.
2. Commercial Real Estate is a wide ranging field. Recommend you do a sample at first, then narrow down your field and get into that "Lane".
3. Lets do some exercises. If you have already done this and are stuck, then go to my post above about risk of failure and do that exercise.
4. Develop the following:
a. Cost and revenue model spreadsheet. Recommend you build one. This forces you to understand the concepts. Later you can use one you find. Get people to challenge it. Use BP. Join a local REI investment group. Start to disassociate with everyone who lets you know you will fail. Because there will be every reason "to" fail. That's the fun after a while of doing REI or development.
b. Develop a project or property review checklist. See my post on Checklist 101 for Self Storage. Change it to fit your type of Commercial.
c. Develop a contact list. Name, profession, phone, address, email, etc. Don't just fill it in. As your engaging people, ask for who they recommend. Realtor, Attorney, Zoning department, electrician, plumber, banker, insurance, etc. This will become your team. Don't penny pinch them or treat them as workers. They don't need you.
d. Here's a test run. Look up Loopnet San Diego, Carlton Oaks Drive, Santee, CA. Put a business model together. Do all the research to buy and develop this property into a Solar Farm. Don't just look at the obvious. Example: make money making electricity. Your in California. Sell to other people "Green". Your going to find every reason this project won't work. Walk thru the process to make it work. Zoning, rezoning, wetlands, etc.
e. How much money you have? Don't want to know. Make an offer on this property. They are asking $182,000. Offer $50,000 subject to 30 day due diligence and zoning changes if needed; or wetland study, etc. If you can't do $50,000 offer your amount $xx,xxx. What happens if they accept your offer? Your a sales person. 3.47 acres of nature in San Diego? Think Tiny house, camp ground, rental day park, open air wedding, etc, get crazy.
f. As your doing this, develop your checklists, models and contacts. Access, zoning, water, sewer, insurance, fire hydrant, etc.
g. Have all of the above reviewed. Tell the story and ask for input or other peoples spin on the project.
h. Done with that one? Try 3940-3946 Alta Loma dr, Bonita. I like trash. Figure out the angles to use on this property.
Each one of these, put a post on BP. Tell all of the info and what angles. Ask people for the angles they would have taken on all aspects. Bargaining, financing, use, etc.
After you have done 10 analysis like the above. Your ready for Commercial REI.
I didn't learn stock market investing until I actually invested in the market. Made a good profit on my first 19 trades, then lost it "all" on the 20th trade. I got too "smart". Learned an investment can truly go to zero. Luckily I had already asked myself the first question above, what is my risk of failure.
Start small and Make Your Big Mistakes Early.
Look forward to your posts on your analysis.
