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Updated almost 5 years ago on . Most recent reply

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Austin Wise
  • Savannah, GA
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Commercial real estate

Austin Wise
  • Savannah, GA
Posted

To anyone who owns 1+ million dollar commercial real estate. What did you do to be able to afford it and what kind of property is it? How can I afford my first million dollar deal? What did you do over the years to be able to afford it? Thanks for any help!

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Aaron Gordy
  • Real Estate Broker
  • Austin, TX
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Aaron Gordy
  • Real Estate Broker
  • Austin, TX
Replied

@austin wise A million dollar commercial property is not much in Austin. It will have to be multiples of that in this city to get something great commercially. Essentially its about having a game plan on how to get there and following it through cycles. 1031 is a great proven path way though. One doesn't need to born with a silver spoon in their mouth to become rich in real estate. There have been many real estate barons in real estate that started with nothing.

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