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Updated over 3 years ago on . Most recent reply
My first RE investment
I work in commercial real estate. Our team represents tenants/users in securing warehouse space encompassing most of North America. We are tenant rep brokers. One of our clients is taking a stab at development for the first time, and is allowing us to participate in the deal (he doesn’t need our money, more of a kind gesture). Land has been purchased. The warehouse will be roughly 250,000 SF. I’ll be investing $20,000 of equity. Once the building is completed, we will secure long term tenant/tenants and then exit the asset. We often sell our clients assets, but this will be my first time in participating in the deal, along with earning a normal brokerage fee. I expect this process to take about 24 months from breaking ground to exit. Wish us luck!