Leaking roofs, falling down foundations, mold rodents and past debris from previous tenants or owners.The process to buy these “pre reo” is actually a long one.

.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.  

@James SillsFrom my experience working with investors, transitioning from residential to commercial real estate (CRE) is an exciting and achievable goal with the right foundation.

Haven't been there, but pay attention to the foundation - if the floors are level there no action needed.

And it doesn’t need to be broken foundations or complete gut jobs. 

There are so many great people and resources throughout BP that will be great to build a foundation and continue you learning.

Focus on education, networking, and analyzing deals carefully to ensure your first investment sets a strong foundation for future growth.Good luck!

I “luckily” caught the wave of property appreciation between 2020-2022 which set the foundation of my investment journey.- I was scared to drop out of law school In 2021 and go all in on REI, I’m super happy with my decision.Now, whenever I’m scared/nervous, I take that as a sign that I should probably do it, and that it’s room for growth.Yes, sometimes it will be a mistake, but that’s how you learn.4) Value Relationships over everythingGood relationships will bring you more joy and take you farther than being selfish and/or greedy.What principles do you live by?

It’s a smart move, especially since it ties in with your goal of saving for your first investment.For skills, you probably already have a good foundation with your sales experience—things like communication, organization, and dealing with clients are all super valuable.

Just this year I had a longtime foundation contractor get into some trouble and never came back to do the slab so I could start framing.