Commercial real estate investor for beginners - is that even possible, or is commercial real estate investing soley the domain of the experienced real estate investor and the gurus selling courses? It's an interesting time to be getting started in commercial real estate investing, and there are a lot of people out there willing to give you advice. If you've thought about starting out in commercial real estate investing, it may be that you've been told by a "guru" that that's the place to be in real estate right now. It's true that there's a lot of potential in commercial real estate, but don't abandon residential investing altogether, there are still a lot of deals out there, short sale deals, for example, if you know what you're doing.
As an experienced real estate investor myself, I know it makes sense to invest in your real estate education, but sorting out the good information from the bad is a challenge which is hard to overcome without the painful process of trial and error.
What I don't like is the people that spout and sell theory without implementing any of their own methods. I could name quite a few, but I'm sure I'd miss some. Fortunately, there are SOME people out there who still have integrity and are willing to help share their knowledge with others.
Good Commercial Real Estate Investing Information
First if you're interested in getting started in commercial real estate investing - like apartment buildings, mobile home parks and that type of thing - you'll want to check out this blog - TheRealWealthBlog.com. These folks are for real and have actually DONE commercial deals with owner financing and the like, but they're not claiming it's easy. They ARE showing you how they did it, though... This is one of the top ten commercial real estate blogs on the net, according to the real estate tomato blog I read.
If You Prefer Buying Single Family Homes, Today Is The Age of Short Sales
You've probably never heard of Phil Pustejovsky becuase he's been busy *working* on short sales the last couple of years - not selling his program, Short Sales Step By Step. Phil has found a way to get around that pesky problem that plagues short sale flippers that most "gurus" don't tell you about.
When you're trying to do your exit strategy on the short sale, you can either sell the property right away to an end-buyer, or you can close on it yourself with a bank loan or private money. Most new investors would prefer the low-risk method of not having to bring your own cash, and just getting paid at closing by selling the property right away. However, there are some challenges with flipping the property, specifically title seasoning issues that most banks don't like to see. Most short sale investing seminars and courses don't explain this issue or give you a strategy to work around it. Phil, on the other hand, will not only tell you about it - but he'll tell you how to get around it. And that's why Phil's students are actually closing deals and selling their properties at closing, despite the slow real estate market across the country. Signing up the deals is easy, the hard part is getting the bank to take your low offer, and selling the property to another buyer without having to bring your own money to closing. Fortunately, Phil has that nailed, too.
So, if you are getting started in commercial real estate investing or want to do short sale deals, I hope you'll steer clear from some of those "scams" out there (Jeff Kaller - Short Sales...Ooops, did I say that!) and take a look at these two websites.