How To Get Into Commercial Real Estate Investing [If I Had to Start All Over]
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- Опубліковано 4 сер 2024
- // Learn how to confidently buy your first property with my investment program:
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I’ve been in commercial real estate since 2013 but only really started investing in 2019, after founding my own commercial brokerage. Since then, I’ve developed a 42-unit townhome community, acquired over 50,000 square feet of office and retail space, and am in the middle of a $19.2 million mixed-use development in East Nashville. And I get asked all the time: “How can I get into commercial real estate investing?” So, knowing what I know now, here’s what I would do if I had to start it all over.
Interested in some aspect of commercial real estate that I haven't discussed yet? Please let me know in the comments!
Want to dive in even further? Read more at www.tylercauble.com/blog/how-...
0:00 - Start
0:35 - Get my real estate license
1:38 - Work for a boutique developer / firm
2:56 - Strategic networking
4:09 - Get educated!
5:32 - Books and podcasts
6:09 - Blogs and UA-cam channels
6:43 - Join a real estate mastermind
8:02 - Become a specialized generalist
9:48 - Find a mentor and partner
10:59 - Underwrite a deal a day
11:54 - Take the leap!
// BUY MY UNDERWRITING MODELS
○ www.TylerCauble.com/models - Розваги
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Get game-changing commercial real estate tools and freebies at www.tylercauble.com/resources
Thank you for all the great content!! I’m going to take all the steps you provided!
Love it! Let me know if there’s something else we can create that would help you 🤙🏼
Love the depth of your content. Keep at it brother!
I appreciate that, Armin!
Tyler, thanks for dropping the gems once again.
Anytime! Happy to keep them coming 🤙🏼
Fantastic information....straightforward & encouraging!
Glad you enjoyed it!
I needed this
Glad it helped!
Super helpful! Thank you!
Nice - glad it was helpful!
Great info !
Thanks for watching, Chris!
Love the video mate
Appreciate that! 🤙🏼
I really enjoyed this content. Thank you.
Glad you enjoyed 👏🏼
Very helpful!
Glad to hear it 😁
A wealth of useful information!
Glad you liked it!
Thank you SO much, just got my license this year in ga and wanted to maximize my income plus learn while I go. You don’t how much this helps me. Much Love for the share bro!
That’s awesome, Captain! Congrats on getting into the biz 🤙🏼
@@TylerCauble Thanks!✌🏽
Absolutely!
Great video again✋
Thank you! 🙏🏼
wonderful
Thank you! Cheers!
Love your videos man, would you mind making one about being a commercial agent? And how long it took to start making a profit as a commercial realtor?
Absolutely! We’ll add that to our vlog list 🤙🏼
Thank you
This is great content if daunting. Sounds like you need quite a bit of money and time just to get started. Currently looking at my state's packages for a license and it's around $1,000. I'm currently working full time as well. I'm not sure if I can justify the cost to myself, especially when there's a good chance I won't make it through the program. Development seems like a lot of fun, but I don't know if someone with my sort of schedule and budget can feasibly get into it.
Definitely worth saving up the money if it’s $1,000. Your commissions in real estate selling a median-level home can be 9x that (at least in TN). Not a bad return on investment!
So underrated
Appreciate you 👊
thanks homie, i was thinking either start in residential or commercial but I may start with residential to get some skin in the game
We’ve had a ton of clients grow a portfolio of 6-12 single family homes then sell them all together to 1031 exchange into commercial real estate. It’s a pretty smart way to get into it as long as you’re intentional with that strategy 🤙🏼
@@TylerCauble hell yea glad I found your channel. I’m in the process of finding a home to live in and rent the other unit out but most I’ve seen arent cash flowing much if any if I’m living in one unit as the prices are inflated over in CT right now so I’m just browsing and finding deals until ones right
Yep - you might have to look at 100 to find 1 that works. Keep at it!
Hey Tyler, you mentioned some must read books. Would you mind sharing? Also do you know of a CCIM for residential investing?
Here you go! www.tylercauble.com/blog/commercial-real-estate-books
I don't know of anything similar to the CCIM for residential investing, but CCIM will give you the ability to underwrite and analyze deals far beyond just commercial
@@TylerCauble Thanks very much! Today, I started "what every RE investor needs to know about cash flow", and it's full of great info, even after 7yr of experience.
Best best best
🔥🔥🔥
how would you go about finding a boutique firm to work for? and would this work without a RE license?
Having my real estate license helped quite a bit. Could you get by without it? Sure - but I was able to make a substantial amount in brokerage and then rolled my commissions into deals. I would Google “commercial real estate firms in XYZ city” and start doing research to see which firms may or may not fit you
I just got my real estate license. I think I want to jump straight into CRE rather than residential. My question is, would you work on your CCIM education while you are looking for a boutique firm to work under? Or wait until I am a part of a team? Thanks for the content!
Couldn't hurt to get started early, but I'd wait until I joined a team. The classes can be expensive and it definitely helps to have some source of income / experience before taking the classes
@@TylerCauble thanks for the response! I appreciate your content!
Anytime, Titus!
I get asked all the time “how can I get started in commercial real estate?” So here’s my answer!
Great post Tyler!
Thank you!
This seems geared to starting an active career in RE investment. What about the passive investor that wants to "get started" in commercial RE invest as an alternative to stocks or REITs? Is becoming a RE agent still the right first step? Would you change your recommendations for that audience?
Yep - I'm not a passive investor, we're actively involved in our projects from leasing to raising capital. I think the best step for a passive investor would be to interview as many potential Deal Sponsors as possible so you can get a lay of the land. That'll help you understand better what to look for (and look out for!) when evaluating a potential investment opportunity.
@@TylerCauble As a novice investor, one might say I've just got money to buy a commercial property. I don't have time to be an agent. Perhaps naively I think a realtor can find me a property to buy, lease it, and convert my capital to an income producing appreciable asset. No real work for me just rinse, repeat, and keep the books. Beyond the obvious risk that a single RE investment is non liquid and poorly diversified, do you have tips to make this strategy successful?
There are many investors out there that have taken that exact path - if you’ve got the money and have people surrounding you with enough knowledge to make sure your project makes sense, then you can do just fine!
May I please have the list of books
www.tylercauble.com/blog/commercial-real-estate-books?format=amp
I'm a research analyst and I'm wondering what type of job function I can jump in to in order to learn about real estate investing? Financial analyst? Portfolio analyst? Or would jumping in to brokerage give me that exposure? Or working with a landlord brokerage team, or just with a landlord ? I'm in a large firm right now
I’d pick whatever you’re more interested in learning. You’d be a solid asset to any landlord / brokerage team / developer, etc, depending on your talents there
@@TylerCauble thanks for responding Tyler. That makes sense, my goal is to get intimate with the investing side so I can invest in commercial real estate myself. Your content is very valuable! Thanks for making it and putting it out there
That’s great to hear! Hopefully these videos will continue to bring you value 🔥
You are required to have millions of dollars in transactions to qualify to get your CCIM.
That’s one of the potential paths for accreditation - there are several other ways if you’re not a transacting agent (i.e. a CPA or lender)
@@TylerCauble I guess my question is how do you get started? In my area you pretty much have to know someone, unless you get a little bit of luck. This video sort of answer that, but I’m still left asking myself “how do I get started if Im right out of college, just got my license, have no experience, and have no connections?”
From what I can tell becoming a CCIM isn't mandatory, you can learn underwriting on your own and show up with a good presentation to potential investors, if they like what they see they should be willing to work with you for a small cut of the equity as your pay.
@samuel Dunham Break Into CRE has a number of wonderful videos on how to get into CRE so I recommend checking out their channel. My recommendation would be to find somebody that is successful in your market and figure out how you can bring them value or work for them for free until they can justify hiring you. I’ve hired several people on my team that way
@zuranthus It’s definitely not mandatory, but you could take the 104 class, which is a deep dive into underwriting. I found it’s much easier to learn how to underwrite from experienced individuals that do it on a daily basis then it is to really teach yourself