
Welcome to Episode 26 of The Real enTREpreneur™ Podcast! I'm Alex Coffman, and today I'm diving into the essentials of commercial real estate investing, drawing from a recent boot camp I hosted. We’ll cover everything from finding and underwriting deals to negotiating and making offers.
Commercial real estate investing is like running a business—it requires a systematic approach. I'll share a story about an investor eager to jump into a $24 million deal without proper due diligence, underscoring the importance of being thorough.
It's crucial to fully commit to learning the craft and building a supportive team. Being good at underwriting is important, but negotiating and closing deals are equally vital. For those just starting out, I recommend focusing on properties with 32 to 50 units—they offer better cash flow and scalability.
We’ll also dive into how raising net operating income (NOI) can significantly increase property value, and why larger properties offer better opportunities for value addition and profitability. Plus, I'll give you the scoop on upcoming training sessions and boot camps designed to help you master these concepts and put them into practice.
Tune in to gain valuable knowledge and take your commercial real estate investing to the next level!