Private Hard Money Lender in California, Texas and Arizona: Commercial Real Estate: How To Build The Right Team For Your Business

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Sunday, July 10, 2016

Commercial Real Estate: How To Build The Right Team For Your Business

commercial real estate
When you are first starting out in the commercial real estate business things can be tough. There are different problems that you may run into that need multiple people working on.

We all need help at times. We are all human; there is always room for mistakes. They may notice something that we may not have thought of. In the commercial real estate business, you can get overwhelmed very quickly. Having people in your corner can help alleviate a lot of issues you run into. Having a solid foundation is the best way to combat those issues.

Commercial real estate seminars are your first stop. If you are not working on a project currently that you should be going to every seminar there is. Whether you can find one once a month or you can find one every weekend you need to be visiting them. Make your name known. Network with people, find common interests and use them to your advantage. It is sad to say, but in this day and age, a lot of your worth is determined by what you can do for another person.

 Make sure that you have something that you could potentially use as leverage. That being said you do not want to come off to people as a person that just wants something. Try to make people feel as though they mean more to you than their title. Learn names, find out what how their child’s little league team is doing. One thing that people hate the most is a user. Build an organic relationship, and you should be fine. Eventually, you will meet different people that share the same vision as you, and believe or not, vision can outweigh money.

Some people you can expect at a commercial real estate seminar

Often you can find a lot of people that you may not have thought would attend seminars. For example, on any given visit you could find a commercial real estate attorney or a contractor. The number of people you can run into are endless. While a seminar is that best place to start, you could always go out and find these people.

Cold calling does not have a huge success rate, but if you do it right you can possibly find someone that you could add to your team. It does, however, take a lot of time emailing and calling people. If you are bold enough you could also just show up to their office. There are some things to take into consideration, though. For example, you do not want to just show up to a commercial real estate attorney’s office. Adversely you could potentially walk up to a rehab site and try to find the contractor.

Make sure you do not cut corners when it comes to building your commercial real estate team

Do not go the cheap route when trying to find people that could possibly help you. If you are not good with numbers make sure you find a commercial real estate accountant. Someone whose job revolves around the numbers. Do not hire contractors that use shoddy materials or equipment to complete the projects they have, as well. Make sure there is a mutually symbiotic relationship between you and your team.

Dennis Dahlberg Broker/RI/CEO/MLO
Level 4 Funding LLC
Arizona Tel:  (623) 582-4444 

Texas Tel:      (512) 516-1177
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave |Austin | Texas | 78701    

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About the author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true.

Dennis has been married to his wonderful wife for 42 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.