All Forum Posts by: Account Closed

Hi everyone,

I am interested in connecting with commercial investors and wondering if any long-time agents have tips (outside of cold calling). I am a relatively new agent, but not new to real estate investing. I found an awesome broker and am getting really excellent mentorship, but I'd like to do more to connect with local investors.

-Any in-person events would you recommend (for example, city council meetings?)

-Any real estate groups?

-Any paid advertising you've found helpful (for example, Yelp?)

-Are there any online networking platforms or webinars/zooms you'd recommend?

I feel like once I get established it will be much easier, and I see my career as a marathon, not a sprint, so I'm not going anywhere, just wondering if anyone has any tips outside of cold calling that have been effective for you.

Thanks in advance.

Hi everyone, 

I am interested in connecting with commercial investors and wondering if any long-time agents have tips (outside of cold calling). I am a relatively new agent, but not new to real estate investing. I found an awesome broker and am getting really excellent mentorship, but I'd like to do more to connect with local investors. 

-Any in-person events would you recommend (for example, city council meetings?) 

-Any real estate groups?

-Any paid advertising you've found helpful (for example, Yelp?)

-Are there any online networking platforms or webinars/zooms you'd recommend?

I feel like once I get established it will be much easier, and I see my career as a marathon, not a sprint, so I'm not going anywhere, just wondering if anyone has any tips outside of cold calling that have been effective for you. 

Thanks in advance. 
 

Hi Davon, I definitely can't boast Los Angeles in terms of cash flow BUT there is a lot of appreciation and tons of value-add opportunities. I'd be happy to connect and discuss the market more if you're interested! I'll shoot you a message; feel free to reply to me there.

The short answer is no there will be no issue at all finding long term tenants! But definitely make sure you understand local laws and regulations as others have already pointed out. 

For me, i look at crime, quality of the tenant pool, local market trends/data, cap rate, and cash on cash return. The definition of a good investment is highly individualized though. I would start by defining what a good investment means to you and then work your way backwards. Best of luck! DM me if you’d like to chat about any of the specifics 

I dont know of any in your area specifically but i have learned a ton from Clint Coons and would also recommend checking out Brian T Bradley 

I am not familiar with the Philadelphia market specifically, but for what it is worth, i am absolutely still buying rentals! 

No one knows, so take this with a giant grain of salt, but from what I’ve read, it is going to take a long time to fix the housing crisis. We are simply not building quickly enough to meet demand. Again, every market is local, so do your due diligence, but I wouldn’t be scared just because prices are high if that makes sense. 

Best of luck!

Id say get the tenant out if it’s feasible. Do you make them pay late fees for being late? That may be an acceptable compromise if it’s too difficult/expensive to get them out?

I skim headlines of CNBC and Seeking Alpha daily and read articles that i find relevant, including write-ups on REITS. 

For more specific market data, i am blessed to have MLS and Costar access :)

People have already mentioned these but Crexi, Loopnet, and a solid agent are all excellent resources. As a commercial RE agent, I have profiles on HomeLight, Zillow, Yelp, and Realtor in case you need help finding one.

I have properties in another state, and I've never met with my agent in person (only over FaceTime). So in case going in person isn't feasible for you, just know that it can be done without being there in person! I'm not denying there are benefits to doing business in-person; I just wouldn't want it to stop you from doing a deal.

Good luck with your search!