Opportunity knocked · Commercial Real Estate 101

Opportunity knocked

I was explaining to Jeff and Paul on Office Hours that I get stuck trying to do deals and not getting any contracts. They said I was all over the board trying to do everything all at once, where I am just a beginner. I want to wholesale a few deals to start with it’s true. And to wholesale you need a contract to start with. I don’t want to chase my tail and get nowhere! I’m getting somewhere though! By networking here I found a partner, and I sent him some leads. He’s discussing the deals with some interested and experienced investors he knows in Canada. I have an NDA with him. The opportunity I presented is Exclusive listings of what I would call underperforming mobile home parks we can pick up at a 15% cap rate on actuals, and buyer can fill vacancies, improve, and raise values.

My partner and I are beginning our commercial real estate journey and partnership with this. Already he’s discussing commissions and equity participation with buyers. I hear dreams come true lol. I hope I wake up successful! Great learning experience!

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