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Updated over 8 years ago on . Most recent reply

Account Closed
23
Votes |
78
Posts

Wholesaling Commercial Real Estate?

Account Closed
Posted

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Sorry, I hope I'm not being too redundant, I have read other threads but a lot of them were  old and outdated.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

User Stats

90
Posts
27
Votes
Chad Bernstein
  • Developer
  • Manhattan, NY
27
Votes |
90
Posts
Chad Bernstein
  • Developer
  • Manhattan, NY
Replied

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.  

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