Wholesaling Commercial Real Estate?
Hi, I'm new and I was wondering if anyone could give me some advice. I am interested in becoming a wholesaler and had some questions:
1) what is the best course to wholesale commercial properties? I know the analysis process is different for commercial real estate, so I would love a program that takes this into account. Is Than's wholesale program good for commercial wholesaling?
2) How feasible is it to do this part time? I'm a college student
3). How do I protect myself legally to make sure I follow all the pegal guidelines?
4) What percent fee do I charge?
5) do i determine where my local real estate market is in the cycle, and how do es te real estste cycle affect wholesalers?
Sorry, I hope I'm not being too redundant, I have read other threads but a lot of them were old and outdated. I really appreciate any answers I get here :)
Most Popular Reply
Hey Jessica,
To be completely honest with you I am not sure if you would want to start wholesaling commercial properties as @Mary B. said it would be easier to start in residential. Especially since you are in college and you have a limited amount of time, Commercial deals tend to be more complicated and can take more than a year to close. Personally I would start in residential and when you gain a little more experience you can make the jump. I hate to be discouraging to anyone because I know anything is possible, just want to be honest with you about commercial deals.