[quote=flyer]Agree with flu and FIH that rental properties (residential and commercial) are also a great way to go. Regardless of education and career choices, getting into that game years ago in San Diego and elsewhere has also really paid off for us, and just about everyone we know. As BG said, there are definitely challenges, but that is to be expected, and, in most cases the issues can be managed.[/quote]
Ok flyer, totally off topic now. but since you brought it up, I’ll ask. How does one even get started with commercial real estate on a small scale? Beyond fishing through loopnet (which some have said it’s the worst way to buy commercial RE)… If you don’t feel comfortable sharing publicly, it would be great if you could PM me. Would be interested in picking your brain about this, without being fed to the sharks. The last arrangement any family member had with commercial RE had to do with a property that was in Manhattan Beach found by a family friend that had a good rental stream, since it was that was a large land occupied by corporately owned fast food restaurant for which the corporate entity paid for the building and lot maintenance and the property taxes, so the only thing the partners did was collect the rent check and renegotiate the lease every 10 or so years. Unfortunately, the guy that found us this thing tried to squeeze all the other partners out after the thing really appreciated, so everyone ended up selling their respective stake and forcing everyone to get out of that clusterf of an arrangement, and killing the goose that laid the golden egg, so to speak..
So what’s the secret sauce into the world of commercial RE? And do you have anything in San Diego? Would prefer *not* to be involved in any sort of partnership with people that I don’t know well. I’m not interested in any sort of bullshit from PETDNT (piggington experts that don’t know shit), but would be in debt to folks that really know what they are doing to provide some “education”. Rest assured any sort of involvement I would possibly be in would not disturb the 1% club that you belong to, as my financial impact on that club would be like 0.0000000001% if any…. 🙂
