I’ve been getting more and more interested in wholesaling commercial real estate, but I’m still trying to figure out how the actual process works, especially what I should know before jumping in.
I just got my real estate license and have been teaching myself the basics of CRE. stuff like cap rates, equity multiples, levered/unlevered cash flow, and how to underwrite based off of comparables. I’m hitting a couple of roadblocks and was hoping you could help me out:
- What do you think are the key things someone should understand before they start cold calling owners?
- When you’re underwriting a deal, how do you go about finding comps? Do you use PropStream, or is there another tool you prefer?
I really appreciate any advice you’re willing to share.
Thanks a lot,
Azaad