Making the Jump to Commercial
Hello BPers,
My partner and I are ready to jump into apartment building investing one month after we closed on our first deal, which was a triplex. We spent about three weeks educating ourselves on the differences between the residential and commercial space, and now we’re ready to take actions. Our goal is to raise the capital using private money, and close by the end of January 2020.
We are looking for a value-add 20+ units deal in one of the following markets
Philadelphia, PA
Jacksonville, FL
Atlanta, GA
Orlando, FL
Dallas-Forth Worth, TX
We’re currently putting together a team in each of those markets, so any recommendations for commercial lenders, brokers, property managers, attorneys, etc... would be highly appreciated.
The question I had for each of you was: How long did it take you to jump from the residential space to commercial? And if you haven’t done so, what are you waiting on ?