Should You Get Into Commercial Real Estate?

[00:00:00] This week's listener of the week is Stacey for Real Estate. Stacey, thank you for the five star review. Please DM us your mailing address, and for those of you listening, if you leave us a five star review, you might be next week's listener of the week. Week, week, couple years ago, I was sitting in one of my best friend's car.

With her father, his car, and he was driving us wherever he was driving us. My friend's dad, Joe, killed in real estate in the last recession. Really impressive story. And so I asked Joe, What would you have done differently in your career? Joe was a ripping successful businessman, who transferred into real estate in 2008, 2009.

What would you have done different in your career, had you known what you know now? And without thinking twice, Joe said to me, I would have started in real estate sooner. And, you know, I start [00:01:00] putting the pieces together where I start thinking about my other friends, parents who've been successful, and the stars started to align.

And what I noticed is that a lot of my friends, my community and my friend group, these are all lifelong friends, so I've known these people forever. I watch their parents go from being doctors, salesmen, saleswomen, lawyers,

to going into commercial real estate. It's actually great. I get to chop it up with all my buddies parents all the time. Because... Their passion is the same industry as my passion, which is hilarious. But the point I'm trying to make is ultimately these people figured out A, to work with their brain instead of their back, just like Joe figured out, should have done it sooner, and B, the control you can have in your life.

In commercial real estate, investing in brokerage is unparalleled a majority of the other industries in [00:02:00] the world. Yes, there are other investment strategies, but this was not a coincidence that everybody had transitioned into this industry. Because people want the freedom to travel, to be with their friends and family, as opposed to being tied down.

Working for the man. So everybody says the narrative right now is commercial real estate is dead because of work from home. And the result of that, believing that false narrative is that it'll induce fear and fear will deter you from the industry. And then you won't buy. You won't take that move Joe wish he would have done so much earlier, right?

So, understanding that fear is uncomfortable, but generally the really good stuff comes from a level of uncomfort. A short period of uncomfortability, because it's scary, yeah. Buying commercial real estate is a huge [00:03:00] transaction. It's intimidating. It's difficult, but if Joe's doing it and Mike's doing it and I'm doing it, you can do it, right?

There will always be naysayers, but these people don't work in the industry, so they don't really know what's going on. The cost of you not doing it, right? The cost of letting the fear overcome you is just control over your life. Freedom. Hanging out with me in the Cayman Islands in 40 years. Right? My friends, parents, my parents, my grandparents, everybody just want to control over their lives.

And the way to do that is through real estate. You know, then you get into the conversation of ethical, unethical. It's ethical. You're helping people. You're giving them a place to house their business. I digress. So the good news, my friends, is that you are in the passenger seat of a new era of commercial real [00:04:00] estate.

Truly a renaissance that has never happened to this industry, to my knowledge, which is limited, but I'm going to say it. My friends, the gates have opened and you are entering the era of information in commercial real estate, right? This industry was gate kept so hard. They're still trying, but the reality is this right here, right now, us being able to communicate about commercial real estate is so far ahead of what our parents had and our grandparents had, right?

People, there was nowhere to learn commercial real estate if you didn't have a connection prior to the internet. It's a complicated industry. It's not that, I mean it is, but you can get there with education, right? There was nowhere to learn. Look at what we're doing right now. You are listening to an industry professional.

You've listened to other industry professionals, and you're honing your skills. You're educating yourself, and you're [00:05:00] working towards What Joe did, right? Figuring out that he should have gone into real estate earlier and educating yourself. You know, it's okay to start small because what we're doing is planting the garden.

We've talked about this, right? Every property is like one seed in a garden and you can start small because you don't need that many seeds, properties, to set yourself up for the rest of your life so that you don't have to worry about a pension plan or retirement. You'll have an income property or two or three.

And in times like now, when people are saying commercial real estate is dying, this is when you should be saving cash and getting ready to strike, right? If commercial real estate were dying, you know, they say, buy when there's blood in the streets. What does that mean? When people are hurting in the industry, help them out.

You're gonna get it for a better price, and they're gonna want to sell it. Commercial real estate isn't dying, it's changing. [00:06:00] And you, my friend, are so far ahead, literally only because you're educating yourself in a way that people could have never done in the past. So, I'm going to leave you with one thing.

Save cash, start small, and remember historically commercial real estate outperforms itself year over year. And this real estate stuff, you can't make any more of it. So what questions do you have for me? DM me on Instagram at Aviva real estate. If you want to get started. In commercial real estate right now.

Drop down to my notes. There's a freebie of a very extensive how to get started in commercial real estate guide I made for you guys. That I'm like amped about because it's good. We'll see you next week for the secrets behind the commercial real estate crisis. Crisis, crisis. Thank you.[00:07:00]