Episode Details

Key Takeaways:

Relationships and networking are crucial when transitioning from residential to commercial real estate investing. Building connections with experienced commercial real estate professionals, such as through industry associations and mastermind groups, can provide valuable mentorship and guidance.

It's important to start small and limit risk when making the transition. Doing a smaller, lower-risk commercial deal first, potentially with a partner or using seller financing, can help mitigate the learning curve.

Adopting the right mindset is critical. Commercial real estate requires a longer-term, more analytical approach focused on steady income and capital appreciation, rather than quick flips.

Comprehensive education through books, courses, and hands-on experience is necessary, but should be combined with building relationships and getting practical guidance from experienced commercial investors.

Protecting one's reputation is paramount in the relatively small commercial real estate industry, as word can spread quickly about an investor's conduct and capabilities.