All Forum Posts by: Tanh Truong

@Jace Perry Hey Jace! The first several properties all came from partnerships and raising capital. And thanks for the follow! 

What's Up BiggerPockets Fam?!

Four years ago, I was just like many of you—hungry, curious, and ready to dive into the world of real estate. I didn’t have a roadmap, but I had a vision: to build generational wealth through commercial real estate. Fast forward to today, I’m humbled to share that I’ve built a portfolio worth roughly $20m in under 4 years. It’s been a wild ride, and I’ve learned so much along the way.

I actually started my career in pharmacy. Wild, right? I had to learn the ropes from scratch—networking, analyzing deals, understanding financing, and, most importantly, figuring out how to create value in every deal I touched. It wasn’t always easy, and I couldn't find the available knowledge readily. I believe I have a synopsis of my story on LinkedIn if you're interested in that. 

For people in the same boat as me, I’m excited to share that I’ve written a book, Value Over Volume: The Foundation of Commercial Real Estate Investing. It’s the first in a 3-part series where I break down the principles, strategies, and mindset shifts that helped me. This book is for anyone who’s serious about commercial real estate and wants to build a strong foundation for success. 

The most accurate review of the book is: 

You can find the book here: https://www.amazon.com/Value-Over-Foundation-Commercial-Inve...

I also have a podcast called Wonton Wealth, if audio is more your thing. https://open.spotify.com/show/0EDG8fOjMg4XK8wYrGxh9a?si=hZcK... You can also search for it on Apple Podcasts. https://podcasts.apple.com/us/podcast/wonton-wealth/id173934...

I’d love to hear from you all—what’s your biggest challenge in commercial real estate right now? What are you looking to learn more about? Let’s connect, share stories, and help each other grow. And if you’re interested in learning more about my journey, feel free to reach out or drop a comment below.

Here’s to building wealth, one deal at a time!

Don't have much more to add than @Joel Owens. 

Does your brokerage house have any resources (i.e. Crexi, Costar, Compstack, Reonomy, etc.)? A lot of times these services give some general info on lease rate. 

You could shadow shop to see what the competition is leasing for. And, having the expertise of others who've been in the area will help. 

Was there more to this post? 

Congrats on the leap!

Hey Ana, I focus on industrial and retail. Please let me know if I can be of assistance.

You can't do everything alone. If you want to scale, it'll require making the right connections. 

If you want to go fast, go alone. If you want to go far, go together. 

No experience with Peter, but I am part of another mastermind/coaching program. Happy to elaborate on it. 

Syndication, JV, Seller Fi, Subto, and 721 Exchange (seller) are all potential options.

As far as analyzing, I would talk to brokers in the area to see what the cap rate currently is or whatever metric you're use to (i.e. $/door). Looking at rent rolls and financial statements, you'll have to dig in to see what the numbers are telling you. Are the tenant's long term vs short term; historical turnover; historical capex; LTL, etc. 

 Definitely wanna echo John's comment here. 

I will add that the tenant's do cover a lot of the expenses, but they don't cover everything (unless it's an absolute net lease). I do focus on value-add in the non-resi commercial space, so happy to answer questions there. John's also correct here - they do tend to take longer.