Getting Started in CRE

[Juan Lopez]

Hi everyone,

I been reading and studying up on Residential Commercial Real Estate, this is something I want to do . However, I have no real money to get started with this endeavor and I've seen to hit a wall. 

I been talking with several brokers trying to find one to feed me deals, but once they learn that I have no money and the promise of finding investors doesn't really get them motivated they shut me out. Understandable, they don't want to waste their time.

When talking with investors, I'm not able to lock them either since lack of deal does not motivate them. 

An advice you would give a young budding investor? How did you get started with CRE?

I would love to partner with someone on a deal here in Central FL, I'll do all the footwork and any necessary work to make things happen. 

Thank you all in advance. 

Juan

[Joseph Gozlan]

@Juan Lopez you should start by asking yourself "what value can I bring THEM?"

You mention "I'll do the footwork" but with no prior experience, you might not even know what footwork needs to be done. At this point it'll be really hard to convince people to give you money for nothing. 

You best bet is to actually start the footwork and find a seller that is willing to sell. Find a great deal (good might not cut it, you need a great deal), lock it under contract and THEN take it to you investors. 

You will learn a lot in the process and by the time you get in front of the investors you'll sound like someone that knows what he's doing. 

Good luck