All Forum Posts by: Sergio Remedio

I am ready to be rediculed at least a little because this is going to sound absurd, but I am okay with that, Here we go....

I want to get into commercial real estate. I find it by far the most appealing and exiting. My problem is simple, there is no "house hacking", or brrrr, or tricks to jumping into that field (that I am aware of). So how does someone jump into this field without something as simple as having 15% down on an industrial building, strip mall, or any commercial estate in general? I don't even think private money lenders would partner with me to get a deal.

Also, I realize that there are brokers/agents by the bunch for residential real estate, but how can I get acquainted with brokers who specialize in commercial ? They don't exist in Zillow!

Lastly, any good books/learning sites to expand my knowledge on commercial RE?

@Salvatore Lentini

Hello Salvatore, thank you for your time.

I'm a newbie here in Miami FL. Have been searching for an opportunity for a BRRRR method. I'm afraid of getting a hard money lend to purchase and rehab a deal and getting screwed on the refinance part of it. How can I avoid falling into that pit ? Is there something I'm not seeing or am I being too scared to jump into it?

I am a 26 year old software engineer in Miami, Florida, looking to make his first deal in real estate happen. I love the BRRRR idea, but cant seem to make the jump. I've been looking for deals for about 2 months now. I am scared that I am not doing the numbers right or that I wont be able to refinance correctly (or how to refinance at all) given that I get a hard money lend . I also don't know if a hard money lend would be the way to go since most lenders wont lend me a conventional for a beat up property.

I have 2 goals for 2021. To get my real estate agent license (already on it) and to get my first rental property going. I am struggling so hard mentally on that second one. I feel like I have found deals but freeze up and end up not doing anything about it... any suggestions for a rookie learning the ropes of the industry ?