How To Fund the Launch of Your Commercial Real Estate Career
One of the hardest obstacles to having a commercial real estate career is securing financing in the first place. Before you can start bringing in sufficient revenue, you need to often secure hundreds of thousands of dollars to obtain a property in the first place. This is not always the easiest thing, especially if you do not have a track record of success. However, there are still ways you can increase your chances of having a viable career in this field.
Develop an Online Presence
Whether you seek financing from a bank or private investor, you need to show you are serious about this industry. The easiest way to come across as a professional is to have your own website. You can further build your online persona by remaining active on social media sites. Create Facebook and Twitter profiles so that you can easily communicate with clients. When you create business cards for yourself, you want to include the site addresses for all these pages so that people can effortlessly find you.
Find a Mentor
You may not have a lot of experience in the commercial real estate market, which is why you need to learn from the best. Find an experienced broker in your city who would be willing to mentor you. Not only will you gain valuable knowledge, but other professionals will be willing to work with you if you have a relationship with someone more seasoned.
Another advantage of working with a mentor is that your first few deals can be with this person. You can tag along as the mentor acquires real estate and turns a profit. That way when you are ready to venture out on your own, you already have a track record of note.
Become an Authority
You can market yourself as an authority to various vendors if you have published yourself in relevant outlets. There are numerous publications out there, including niche sources for people who are not widely known in the industry yet. You can reach out and ask if you can write something for posting on the website. When you write an article, you want to make sure you include your contact information so that people reading the article can get in touch afterward.
Commercial real estate can be a tough business to break into. Your success will not happen overnight, so be patient and follow these steps. Take the time to learn about the business so that you have a better platform for success.