4 Ways to Kickstart your Commercial Real Estate Career
If you want a fulfilling career in any field, you have to do your homework.
Especially when it comes to the fast-paced and risk-prone world of commercial real estate investing, it’s important to take a serious approach to learning. So, before you jump into a career in commercial real estate, we encourage you to take a look at our list of 4 tips to get you started.
Remember, becoming a successful investor takes time — always moving forward, always wins.
So 4 Ways to Kickstart your Commercial Real Estate Career:
[1] Find TRAINING
If fear or lack of knowledge is holding you back from launching your commercial real estate career, training is the answer. Understanding the what, why, how, where of commercial real estate. Understanding financial analysis of property investments. And understanding how to do an expert market analysis.
myNOI.com has just released a full commercial real estate training certification called CREE (Commercial Real Estate Expert). Check it out. It will take your CRE career to the next level.
[2] SPECIALIZE
Consider specializing in a type of commercial real estate investment. As the expert in your market area, people will look to you first. Look to multi-family, retail, industrial or office space to specialize.
Ask yourself, what best suits my interest? And what types of properties do I want to represent? Do you see yourself stomping through industrial properties on a regular basis? Or, are you more interested in a busy retail space in a large metro?
Remember, tenants vary widely based on the type of property they lease. Retail spaces, for example, cater to small business owners, while office properties tend to be populated by diverse and multi-faceted business operations.
[3] UNDERSTAND YOUR MARKET
Once you’ve identified your area of interest, set your sight on the market. Now’s the time to answer the basic questions: What? Where? And why?
Overall, larger markets generally lead to more varied opportunities. Smaller cities offer more flexibility. And while the deals are large in major cities, smaller cities offer less competition for commercial brokers and growth opportunities.
[4] MAKE CONNECTIONS
It takes skill to make a mark in this field. A successful career in commercial real estate isn’t made off the plight of others. Instead, it’s built up from a foundation of solid connections with brokers, lawyers, designers, architects, landlords, consultants and so much more.
A writer for wallstreetoasis.com put it best when they said,“There is a group of people out there that think if you have help getting ahead you're somehow less deserving of success. These people look with scorn on those who utilize successful relatives, friends, or contacts you make bumping into each other randomly. These people are fools.”
And it’s true. If your hope is to build a successful career in commercial real estate, you’ll always need to remain open to learning and relying on others. Stay persistent and take the time to build a career from the ground up.
To learn more about the CRE world, your best next step is to sign up to get CREE Certified at: https://www.mynoi.com/course/cree-certification - the 7 sessions will cover everything you need to know to get your commercial real estate business going.
Questions? Email us at: info@mynoi.com
https://www.creebroker.com
The CREE Certification is brought to you by myNOI.com.
|
