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Updated about 5 years ago on . Most recent reply
Commercial real estate
New to commercial real estate trying to get some guidance with getting started. My goal is to accumulate enough assets so I can quit the “rat race” and have financial freedom
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#2 Land & New Construction Contributor
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- Charlottesville, VA
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#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
Originally posted by @Justin Buchanan:
New to commercial real estate trying to get some guidance with getting started. My goal is to accumulate enough assets so I can quit the “rat race” and have financial freedom
It's all about educating yourself first. Commercial has a whole different language, market fundamentals, metrics and financing. First step is to decide what type of property you want to focus on and learn everything there is to know about it. Next study your market extensively. You want to know your markets intimately in terms of values, vacancies, rents, occupancies, operating costs etc. Third is financing. There are a number of ways to finance commercial property so you need to study the different types of commercial loans and requirements to secure them. Final is raising capital. If you do not have the cash to take down large properties you need to be able to raise a lot of money from investors so you need to know how to do that as well as the securities laws.