Commercial "Apartment" Real Estate Investing ?

[LaJon Dantzler]

Hi BP Family,

Just Starting out in Commercial Real Estate Investing, Wanted to know any pitfalls I should look out for in the acquisition process?

Thank you guys!  I'm looking forward to your responses Pros & Non Pros! 

Love 

La Jon

[Pat G.]

I am assuming you are looking at getting into Apartments? There are so many Pros and Cons to list here in a post. One word of advice is to get educated and focus on what you are targeting. I mean how many units are you looking to buy, 20 to 100, 100 to 150, etc. What class of apartments, A, B, C, or D? And lastly what state(s) are you looking at buying in. 
Once you get your "Target Property Type" then things become easier. Because once you sign up and start getting Brokers packages, it will take you seconds to say NO or Yes.

As far as states I would look in Landlord friendly states only  Click here first to narrow that part of your search. The link is to RENTcafe's blog, there are others as well but you will see the same states on all the lists. 

On the education side, there are hundreds of videos, podcasts out there that you can learn the foundation and found your niche and then pay to go to a seminar. When I started there was no podcasts, or videos only in-person seminars and cost a lot of money. 

Hope this helps - Happy New Year