Here's how you can evaluate the financial implications of a career change in Commercial Real Estate.

We are full-time investors and fund managers, not brokers, but our income as entrepreneurs is based solely on producing results, similar to commissions. What helped us plan ahead was for one spouse to maintain a W-2 for several years while we built up our cash flow. I reinvested 100% of the business profits back into the business to grow it faster, and so we wouldn't get "lifestyle creep" as we earned more. Once we matched that income, we then set aside a year's worth of income, but it was still a 50% pay cut! So mentally it was a tough transition! Plan ahead to live and invest on an irregular income through budgeting tools to factor that in. Lastly, don't feel as if picking up side work is a failure, be wiling to do whatever it takes!

Fa?a uma reserva financeira e reduza seu padr?o de vida pessoal e familiar para aguentar a transi??o. Buscar um segundo trabalho para gerar renda que sustente o período de transi??o é um erro. Você se desgaste física, mental e emocionalmente. Você come?a a ter a família dizendo para desistir e voltar a ter a "seguran?a" de renda pequena mas contínua... ent?o, queime as pontes. Foque e fa?a até dar certo. Resiliência e consistência funcionam para tudo. Estude, foque e execute. Reduza seu padr?o de vida, consiga uma folga financeira com suas reservas e empréstimos, mas se dedique de corpo e alma aos imóveis comerciais. Use as redes sociais para potencializar resultados no menor tempo possível.

Prepare suas redes sociais para potencializar tanto a divulga??o quanto a capta??o e negócios de forma organica. Monte estratégias focadas na explora??o do menor nicho possível, assim poderá se tornar reconhecido como excelente e se tornará um im? para todos que desejem negociar naquele nicho. Torne-se único em aspectos que cativem público em potencial para seu nicho escolhido. Seja estratégico e tenha inten??o em todos os movimentos pessoais e profissionais.

Analyze the current state and trends of the commercial real estate market. Research average salaries, commissions, and bonus structures for different roles within CRE. And analyze key economic indicators that affect the CRE market, such as interest rates, employment rates and consumer spending. By conducting a thorough market analysis, you can gain a comprehensive understanding of the commercial real estate market and it implications for your career change.

A internet propicia um universo de ensinamentos gratuitos ou de baixo custo por cursos online. A internet lhe permite aprender cada detalhe que desejar com excelentes profissionais de todo o mundo. N?o se limite por causa de títulos e certificados e muito menos ainda se envolver deslocamentos físicos... gastar em transporte e alimenta??o, perder o tempo dos deslocamentos, riscos de acidentes na estrada, enfim... fique em casa e se instrua via internet. Caso seja interessante para relacionamentos ou gera??o de fotos e vídeos para divulga??o e cria??o de autoridade, ent?o avalie o custo e benefícios do deslocamento e gastos como um investimento.

Research the cost and time required to obtain any necessary licenses for CRE, such as real estate license. Research scholarships, grants and financial aid options for real estate education. Many professional organizations offer scholarships to support students and professionals pursuing real estate careers. By carefully planning and budgeting for these expenses, you can make informed decision about pursuing a career in CRE and ensure you are financially prepared for the transition.

Some additional ways to grow a network at low cost. - When meeting a client on-site or for a viewing, when done. Approach the neighboring companies and introduce yourself asking if an exec is busy. This works better in industrial environment. - LinkedIn targeted connecting is the easiest way to get in touch with directors but, DON'T go for MDs or CEOs. The ideal target would be, Commercial Directors > Operation Directors > Financial Directors. -Referrals, while difficult are the most effective way to start a relationship. When closing a deal, ask the decision makers if they have any peers you could be introed to. even if it only means business in 2 years. You'll be thanking yourself when that time come.

You have to connect to your network, bang the phones, send the notes, and provide the value. This is true of any industry. Like anything, know what's going on in the news and share updates with your network. Show them you're the mayor of the mall. If you're farming an area, make sure you know what the government has planned for changes/expansions, know your neighbors. Is Ed's Hardware going to close because Ed had a heart attack last month? Check in on Ed. Find out what scared him to death. Oh, he needs someone to update his will? Refer him to the attorney you know. Call the attorney and tell them you referred them and why. They may need to know the value of the business, and you can provide a CMA for the property for them. PROVIDE VALUE

Esteja ativo no máximo de redes sociais possíveis, em especial o LinkedIn, Instagram, YouTube e TikTok. Aprenda as técnicas de marketing digital para cada rede social. Monte sua rede de contatos para gerar uma massa crítica contínua, e empilhe conteúdos de valor (80%) com divulga??o de produtos (20%). Vincule sua pessoa como o produto de desejo das pessoas... influencia as pessoas a desejarem negociar com você e se torne autoridade e referência no mercado.

> Join professional associations such as the National Association of Realtors (NAR), Urban Land Institute (ULI) as membership can provide access to resources, events, and a network of professionals. > Contact CRE professionals to request informational interviews. These conversations can provide insights into the industry and help expand your network. > Engage in online forums and social media groups focused on CRE to share knowledge and connect with peers. > Consult a financial advisor to analyze your personal financial situation and provide tailored advice.

Are you okay with not collecting an income for 18 months? If not, you'll never be comfortable in CRE solely. You have to be willing to play the long game on the big deals. Depending on your market, you can pick up small leases or quick sales, but one of the benefits of being in CRE are the big ones. You have to be creative, thinking of how to solve people's problems, and understand how to get money. If you can get people money, you can get them to move. The only reason people stop moving is because it's too expensive to do so. This is when you have to learn creative financing techniques. Just because the velocity of money changes doesn't mean people don't want to move or need to move. You just have to figure out how to move them.

CRE brings you into the world of "eat what you kill." You need to negotiate your commission into your contracts, and make sure you're always taken care of. At the same rate, I try and take a systematic approach and not be afraid to cut a commission and ask for equity/profit share in the company that I'm helping. For example, if a commission is 3%, consider splitting that and asking for 1.5% profit share in the building, or even a percentage of the company, if it is worth it. I wouldn't limit yourself to just playing a real estate role. If you're smart enough to do CRE, you're probably smart enough to play a valuable role in the project as a whole, particularly if it is a land purchase. Work your way in, provide value.

CRE is incredibly broad and has many different components. Like any industry, find something that you can specialize in, provide a higher percentage of value and service than your local market competitors, and know everything about the transactions happening around you. Are you interested in transactional sales? Development - from idea, to design, to securing the property? Are you good at securing funds or finding relationships to get your clients the funds they need? There are so many components from funding, to zoning, to impact fees, to understanding master plan developments and submittals for alternate options, to traditional buying/selling/leasing transactions and everything there, etc. Like anything, pick something and drive.