Hello,
I am a new real estate investor and I want to start out in commercial real estate. Initially I wanted to start out in residential real estate, but I have become more interested in commercial.
I am currently an accounting manager for commercial real estate and have about 10 years experience in affordable and residential property management. My family has also owned apartment buildings. My credit is excellent.
I’ve joined several groups for real estate investing and I’ve been burying my head in real estate books.
I want to start investing in commercial real estate because that’s where the larger returns are. And I also realize that in commercial it takes tons of work. But I’m up for it. I’ll learn what I need to learn and do what is needed to make a purchase. I have the stomach for this and know I can do it!
The problem is I don’t have a downpayment. Where do I start? Look at properties, prepare a cash flow analysis and then find an investor?
Should I try to find an investor in the city where I live?
Also, do you have an recommendations for commercial real estate books? Thanks.