I, unfortunately, have alot of experience in catastrophic losses and large scale insurance claims.This is my attempt to give back to this community and provide some of my hard earned wisdom in the hopes that it helps you navigate this horrific situation.Get a support network now.

To start, I’d like to ask you a question: What is more important, purchasing real estate where you can obtain 100% return of your capital through the BRRRR investment method but otherwise break even or even worse lose money or alternatively  leave some of your capital in the deal but earn a profit when the property is sold? 

You could try that  but I can see the seller not being interested in a big price reduction due lost potential earnings on something he has not done or you have not done yet.

One thing I learned from a long career in public service is that it is better to underpromise and overdeliver than the other way around. 

When you earn it from the ground floor like that, you learn so much more and can appreciate what you have.

For due diligence, since you're new to industrial real estate, it’s best to engage a third-party firm that specializes in property assessments or partner with an experienced investor.To structure your involvement, if your spouse is a licensed agent, she could act as the buyer’s agent to earn a commission.

Keep leveraging your knowledge of local opportunities to acquire your first property and expand from there.Financially, reinvest your earnings, and make sure you have a solid grasp of cash flow and expenses before making your first purchase.

If you stop chasing leads and start earning business by showing your value versus the rest of the scabs in our industry, you will be able to call your shot on your commission.I sign all of my buyer agency agreements now at 3%, but with the proviso that if the seller is offering 2% or more, I will go down to that amount.

Otherwise, it would be too easy for buyers to stiff their agents after they have done work by avoiding paying the commission they earned.

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