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Welcome to Episode 27 of The Real enTREpreneur™ Podcast! I’m Alex Coffman, and in this episode, I'm a guest on ‘The Dream Huge Podcast. We’re diving into why scaling your investments is crucial in commercial real estate and why bigger is often better.
First off, let’s talk about the core skills you need to succeed: negotiating, selling, building relationships, and underwriting. These are the essentials. Commercial real estate investing is like running a business that generates cash flow, and it requires a hands-on approach and a solid team. You need experts in accounting, acquisitions, investor relations, brokers, lenders, and property management.
I’ll share a story about a $24 million deal in Atlanta to show you the complexities involved and why understanding financial aspects like qualifying for debt and having substantial down payments is crucial.
For those of you just starting out, I recommend focusing on properties with 32 to 50 units. Smaller properties, like those with five or eight units, often don’t cash flow well and can be challenging to manage. By scaling your investments, you can add value more easily and achieve significant returns by increasing net operating income (NOI).
Building a successful real estate investment business requires a long-term commitment. It’s not just about running the numbers; it’s about mastering every aspect of the process. That’s why continuous learning and training are essential. I offer boot camps and live training sessions to guide you through finding, underwriting, negotiating, and closing deals.
Tune in to gain valuable insights and take your commercial real estate investing to the next level!
Join the next bootcamp: treuniversity.com/1deal
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Welcome to Episode 27 of The Real enTREpreneur™ Podcast! I’m Alex Coffman, and in this episode, I'm a guest on ‘The Dream Huge Podcast. We’re diving into why scaling your investments is crucial in commercial real estate and why bigger is often better.
First off, let’s talk about the core skills you need to succeed: negotiating, selling, building relationships, and underwriting. These are the essentials. Commercial real estate investing is like running a business that generates cash flow, and it requires a hands-on approach and a solid team. You need experts in accounting, acquisitions, investor relations, brokers, lenders, and property management.
I’ll share a story about a $24 million deal in Atlanta to show you the complexities involved and why understanding financial aspects like qualifying for debt and having substantial down payments is crucial.
For those of you just starting out, I recommend focusing on properties with 32 to 50 units. Smaller properties, like those with five or eight units, often don’t cash flow well and can be challenging to manage. By scaling your investments, you can add value more easily and achieve significant returns by increasing net operating income (NOI).
Building a successful real estate investment business requires a long-term commitment. It’s not just about running the numbers; it’s about mastering every aspect of the process. That’s why continuous learning and training are essential. I offer boot camps and live training sessions to guide you through finding, underwriting, negotiating, and closing deals.
Tune in to gain valuable insights and take your commercial real estate investing to the next level!
Join the next bootcamp: treuniversity.com/1deal