https://activerain.com/blogs/rtcacademyinc en-us https://activerain.com/blogsview/5482323/the-silver-lining--and-how-to-bounce-back---50--off-course The quickly evolving COVID-19 pandemic has put us all in a challenging and uncertain situation. Many of us are now taking time off, working from home, and limiting in-person meetings and gatherings.As we navigate this new normal, you may find that you have a little more time on your hands. The Residential to Commercial Academy wants to offer a silver lining during these unprecedented times, so we’re giving you an opportunity to do something productive that you can feel good about!We invite you to take this opportunity to learn a new skill that can propel your life and business forward. Although we don’t exactly know when life will return to normal, we do know that it will. If history has shown us anything, it is that this too shall pass. And when it does, we’re all going to need to be ready. Ready to recover and restore. And commercial real estate has the potential to launch your career (and your income) to new heights. This online course will teach you everything you need to know about buying, selling and leasing commercial real estate. It’s like working with a mentor; only you get to determine how quickly you “learn the ropes”. Time to turn off the news, say no to one more episode on Netflix, start the dishwasher and find somewhere quiet to sit. And get ready to learn something useful that can make a real difference for you and your family! Simply click here and enter coupon code SILVERLINING for 50% OFF. The Residential to Commercial Academy Inc., Commercial real estate online course. (The Residential to Commercial Academy Inc.) Thu, 26 Mar 2020 08:37:34 -0700 https://activerain.com/blogsview/5482323/the-silver-lining--and-how-to-bounce-back---50--off-course https://activerain.com/blogsview/5473081/what-s-the-best-way-to-find-commercial-real-estate-properties- Can we lead with a pro tip? I don’t know if it’s the best strategy, but it’s too good not to share. And, we’re big on answering questions directly. No beating around the bush! So, we’re answering the question posed in the headline with our best pro tip on the subject:What’s the best way to find commercial real estate?ONLINE RESOURCES(and a lot of them are FREE!)We’re not trying to yell at anyone with the all-caps above; we just really think it’s great information. Aaron and Julia here. When networking and chatting with people about Residential to Commercial Academy, we actually hear that question a lot. Often enough that we thought it worth a little elaboration.These days, there are several digital resources that can be effectively utilized to find commercial real estate for sale by owner (FSBO). So, if you’re looking to dip your toe into commercial real estate and aren’t sure where to start, keep reading because we’re going to explore how you can use listings and property intelligence to identify commercial real estate properties for sale by owner all. by. your. own. self.Some great tools are:Reonomy® Property IntelligenceWhile Reonomy is not a listing platform per se, it still offers more commercial FSBO opportunities than any other site on the web. It does require a subscription (unlike many listing platforms) but the program allows you to source your own properties and access owner contact information all in one place. Higher cost but higher reward; your call!CraigslistHey, it’s not just for finding used cars and furniture for your kid’s dorm room. Craigslist can be used to search from several different asset types, narrowed down by price and location.While it doesn’t offer as many listings as traditional residential or commercial real estate listing platforms, Craigslist is a great place to find a hidden treasure without having to face the competition.Buildings By OwnerBuildings by Owner lists commercial properties for sale by owner in a variety of commercial real estate markets, including industrial, office, healthcare, senior housing, multi-family and retail. You can search for commercial real estate for sale by owner based on country, state and city to start narrowing down your search.Also, you can condense your search to include a property of a specific price range or building size. The Buildings by Owner platform can also be used to search for commercial properties based on related, random keywords that might be found in the listing description or title.And our favorite tool for finding commercial real estate?LoopnetLoopNet is one of the most popular listings platforms to find commercial real estate of any kind for sale. LoopNet has an expansive and impressive database of over 500,000 commercial listings, which can be searched for via smartphone and desktop. Easy-peasy!While they do not directly offer FSBO listings, they do have owner-financed properties for sale, which can include many properties being sold by the owner themselves. This application offers free membership but does have a premium (paid) option as well that gives early access to new listings.Find Your Favorite Resource and Go!Are there other resources not on our list? Absolutely. From FSBO.com to Facebook, there are many, many tools to help in finding commercial real estate for sale. This list is just to highlight some of the ones we like best for ease of use and effectiveness.You can literally REvolutionize your career by breaking into commercial real estate. Don’t know how to start? Check out our online academy, Residential to Commercial Academy! If you’re a residential real estate agent, you already have the licensing you need to start selling commercial real estate. If you’re a commercial agent looking for some help, this course is an amazingly helpful resource. Our online course will give you the tools you need to succeed! Our course will give you all the nuggets you need to make sure every property that you buy, sell, hold or invest in is lucrative and successful. We can’t wait to hear from you! The Residential to Commercial Academy Inc., Commercial real estate online course. (The Residential to Commercial Academy Inc.) Thu, 27 Feb 2020 10:15:24 -0800 https://activerain.com/blogsview/5473081/what-s-the-best-way-to-find-commercial-real-estate-properties- https://activerain.com/blogsview/5472003/real-estate-flippers--have-you-considered-cre-for-your-next-flip- Five Tips to Help You Get StartedAcross the country, people are getting into the fix-and-flip trend in residential real estate. Pick up a distressed or outdated property at a reduced price, invest in some upgrades and sell it for a profit. The formula is pretty straightforward and let’s be real; Chip and Joanna Gaines have taught us all how to renovate a property on a budget!But did you know commercial real estate is becoming increasingly popular with fix-and-flip investors? It is and the reason is simple; the potential for bigger profits and higher returns per deal. Compared to residential properties, the commercial arena also has less competition because of a smaller pool of potential purchasers. Don’t let that scare you though. Commercial buyers have more negotiating power, which may translate into enhanced flipping profits.If less competition and the potential for greater profits sound appealing to you, we should talk. We’re Julia Barth and Aaron Siddique, founders of Residential to Commercial Academy. Here are our tips for flipping commercial properties: Network, Network, Network! Understand Different Property Types Commercial Properties are Valued Differently than Residential Loan Terms are Different in Commercial Real Estate Invest in Educating Yourself to Excel in Commercial Real Estate Network, Network, Network!(with commercial brokers, bankers, leasing agents, realtors and attorneys)A simple way to find commercial real estate bargains is to seek out commercial property owners who are struggling to pay their bills. Some real estate attorneys specialize in helping owners of distressed commercial properties and networking with these professionals can be a great source for business leads.Another potential source for leads is banks that own distressed commercial properties. Banks are usually eager to sell and thus avoid the high costs of foreclosure (i.e. legal, commercial brokerage and property maintenance fees). Other deal sources include commercial realtors, brokers and even leasing agents. These people know their local commercial property markets and can help you connect with potential tenants and buyers.Understand the Different Property TypesPro Tip: local supply and demand determine commercial property values and rental rates. Areas that have few commercial properties available and high demand for space usually equate to rising values and high rental rates. The ideal scenario is this: a commercial property located in an area where vacancy is low and space available for new development is limited.Commercial real estate is an umbrella term for office, industrial, retail, multi-unit apartment and mixed-use properties. Office properties should be centrally located with plenty of parking.Industrial buildings should be sited near major roads and have large, well-maintained loading docks. Retail properties should have good visibility and, in the case of strip centers or regional malls, plenty of potential foot traffic.Commercial Properties are Valued Differently than ResidentialCommercial properties are sometimes valued using the comparables method. However, unlike in residential, commercial properties are often valued based on a few important factors: cap rates, gross rent multipliers and cash-on-cash returns. In other words: profitability.Cap rates are calculated by dividing the property’s price by its net operating income. For example, the cap rate on a $1 million property generating $100,000 of annual income is 10%. Cap rates measure investor returns on a debt-free purchase and tend to be higher for riskier properties.Gross rent multiplier is measured by dividing the property’s sale price by its gross rental income. This formula is sometimes used to screen for properties that are bargain-priced relative to their earnings power.Cash-on-cash returns are figured by dividing the property’s pre-tax cash flows by invested cash. For example, a property generating $50,000 in cash flow and purchased for $1.0 million ($800,000 debt plus $200,000 equity) has a 25% cash-on-cash return ((50,000/200,000 = 25%).If all these terms and formulas seem confusing, no worries. We can teach you everything you need to know in our online academy.Loan Terms are Different in Commercial Real EstateFinancing a commercial property can be easier than financing a home and that’s good news for those looking to expand into commercial real estate. Lenders often have more flexibility due to fewer regulatory constraints.But, commercial property loans tend to have shorter terms (5 to 20 years) and balloon payments due at the five or ten-year mark, so it’s wise to plan ahead!Invest in Educating Yourself to Excel in Commercial Real EstateYou can literally revolutionize your career by breaking into commercial real estate. Don’t know where to start? Check out our online academy, Residential to Commercial Academy! If you’re a residential real estate agent, you already have the licensing you need to start selling commercial real estate. Our online course will give you the tools you need to succeed! If you’re a house flipper looking to try your hand at flipping a commercial property, this six-hour course will teach you what you need to know. Our course will give you all the nuggets you need to make sure every property that you buy, sell, hold or invest in is lucrative and successful. We can’t wait to hear from you! The Residential to Commercial Academy Inc., Commercial real estate online course. (The Residential to Commercial Academy Inc.) Mon, 24 Feb 2020 09:20:02 -0800 https://activerain.com/blogsview/5472003/real-estate-flippers--have-you-considered-cre-for-your-next-flip- https://activerain.com/blogsview/5464788/commissions-calculator The Money You’re Not Making (And How You Can Change That)You want to make more money. There’s more money in commercial real estate. It seems pretty straightforward to us.But we get it, you’re probably wondering how much more money is there in commercial real estate? Well, larger square footage and more specialized needs mean a higher price, which means more commission, and we both know that’s more money.On average, a commercial realtor can expect to have double the yearly earnings of a residential agent (according to the National Association of Realtors’ (NAR) surveys of its members.) You read double correctly, and that’s just on average. On top of that, commercial real estate agents can expect a higher salary. So when outside factors affect your sales you’ll keep more money before your commission.And that’s just average salaries. Your earning potential in commercial real estate is also much higher. At the time of writing, the median listing price of homes in Dallas is currently $385,000, according to Zillow. In comparison, the median listing price for a multifamily property in Dallas, according to LoopNet, was $3,325,000. That means a difference of $88,200 in commission from a single deal ($11,550 for the residential deal and $99,750 for the multifamily.)At the end of the day, listing prices must be taken with a grain of salt, but the range of pricing in commercial real estate is also much larger. That means that the highest value homes sell for a fraction of the highest value commercial properties. And if you want a chunk of that money, all you need is knowledge. The Residential to Commercial Academy can make these commissions a reality.What Are You Waiting for? Try it Yourself!It’s one thing for us to tell you how much more you could make, but we think it would be even better if we showed you! Go to any commercial listing site and find a listing in the category your interested in.Then, all you have to do is answer a few questions below, including the price of that listing, and we’ll let you know what you could make on that deal. Compare a few deals and you can get a feel for just how much is being left on the table.Click Here: http://bit.ly/commisionscalculator The Residential to Commercial Academy Inc., Commercial real estate online course. (The Residential to Commercial Academy Inc.) Mon, 03 Feb 2020 07:39:45 -0800 https://activerain.com/blogsview/5464788/commissions-calculator https://activerain.com/blogsview/5464024/how-to-know-you-re-ready-for-commercial-real-estate So you’re looking at the Residential to Commercial Academy, and you’re asking yourself if you’re ready. We’ve put together a quick list of the distinguishing characteristics that separate the wannabes from those who are truly ready to make a move. If you’ve got these covered, then it’s time to start your REvolution.Be Ready to LearnWell, the fact that you’re here is a good sign. Of course, you’re looking to learn, but you should never let that focus go. That’s because every market, every client and every deal is unique. The best agents and investors will invest their time in becoming experts in every part of the deal and not just the immediately obvious details. This is what separates competent real estate professionals from the greats. Knowing every detail of the deal you’re working can change your profit margin, deal timeframe and save you from fraud.Never stop learning.Prepare to NetworkIn commercial real estate, you’ll need a team, you’ll need clients and you’ll need people to turn to for advice. You likely wouldn’t be here if you didn’t already have some people you trust to make your work successful, but commercial real estate will require more. Go to networking events, hand out business cards constantly and always be looking for your next big opportunity.Successful History In SalesLet’s not mince words. Commercial real estate is a challenging field; making the jump will be a whole other challenge itself. So, if you’re looking to make the leap into commercial real estate, it’s essential to know that if you haven’t found success in the residential arena, then commercial won’t be any more forgiving. Consider commercial real estate an opportunity for growth and transition for successful agents that still need room to grow their skillset.You Need to be a Number CruncherOne of the major differences between residential and commercial real estate is that commercial real estate is all about the details. You won’t be making any sales based on someone’s excitement over buying their first house or because they fell in love with the backyard. While there will be features to get buyers excited about, the vast majority of commercial deals will boil down to price, which means you better be an expert at getting the best bang for your client’s buck.Taking that into account, if you’ve had success with residential real estate but would rather have a more business-focused relationship with your clients, then commercial real estate is a perfect fit for you.Buy A Great SuitThis may sound like we’re kidding, but men and women alike will benefit from a great suit. Commercial real estate deals handle more money, and that means you’ll be working with more professional people. In short, look the part. The last thing you want is for a deal to falter because you weren’t perceived as professional. You’re always better off over-dressing!So, are you ready for your first commercial deal? If you’re reading this, then you’re already serious; it’s time to take the plunge.Start Your REvolution The Residential to Commercial Academy Inc., Commercial real estate online course. (The Residential to Commercial Academy Inc.) Fri, 31 Jan 2020 13:15:22 -0800 https://activerain.com/blogsview/5464024/how-to-know-you-re-ready-for-commercial-real-estate https://activerain.com/blogsview/5461930/the-value-of-being-a-real-estate-hybrid Both residential and commercial real estate have many advantages and a few disadvantages. This often puts the most successful residential real estate agent in a difficult position when they consider moving into commercial real estate. While there’s a big opportunity to grow in commercial real estate, a traditional commercial mentorship takes time and it can take years before you’re working entirely on your own. At the beginning of many mentorships, you do simple work for a sliver of your mentor’s commission.Thankfully, Residential to Commercial Academy offers a different path; one with none of the pitfalls of a traditional mentorship. RtCA offers knowledge you could previously only gain by being mentored over time by a commercial real estate expert. In just six short hours (at your own pace!), RtCA lays out a proven roadmap to success in commercial real estate that would normally take years to acquire.But enough about us, let’s talk about the many advantages of being able to take on both commercial and residential real estate deals.Unique Expertise in Multifamily DealsWorking in both residential and commercial real estate gives you a unique perspective when dealing with apartments, duplexes and other places where renters live. Knowing the most popular aspects of a housing development can give you a leg up on deals by knowing the most up-to-date features that renters are looking for in a place to live. While this may seem small, it’s often these tiny differentiators that make or break a tough deal.Deal LengthAnother major advantage of working as a real estate hybrid is born out of one of the biggest differences between commercial and residential real estate. While no two deals are the same, on average, a commercial real estate deal will take place over a much longer timeframe. That means commercial agents have to wait much longer for the commission than they would on a residential deal.For a commercial-only agent, that means you have to budget effectively around the deals you have in queue. But for the hybrid agent, you can jump back into residential deals whenever you want.Now, it is true that as you grow into a more established commercial agent, you’ll be less and less likely to have the time or the need to make these swaps, but you can’t always rely on that. And that brings us to our next advantage.Market StabilityLikely the number one reason to remain seasoned in both residential and commercial real estate is market stability. The real estate market has booms and busts, and those who are equipped to switch markets will also fair best when they need to.We’re all aware of swings in the housing market. When a market bubble pops, agents who predominantly work in residential can do well picking up a few commercial deals to round out their needs. Even if you’d like to remain a mostly residential agent, having the skill set and network to take on any deal that comes your way will give you a safety net that residential only cannot.But what might surprise you is that the same concept applies to commercial real estate as well. There are times where commercial real estate dries up but residential is untouched. A pointed example of such a disaster was immediately after 9/11. Market stability was completely lost and commercial agents saw many deals fall through. Those who faired best in that time of uncertainty were the agents that could fall back on residential deals.While residential real estate may not hold the same profit margin as commercial, it is often consistent even through times where commercial faulters.And there you have it; three of the very best reasons to maintain your skills in both commercial and residential real estate as you grow. So, now you have no excuse; if you’re ready to get into commercial real estate, you now know there’s no better way to do it than to become a hybrid. Luckily, RtCA is more than happy to offer the tools you need to succeed as a commercial agent while keeping your residential career thriving.Take your career to the next level.Start Your REvolution The Residential to Commercial Academy Inc., Commercial real estate online course. (The Residential to Commercial Academy Inc.) Wed, 29 Jan 2020 07:40:35 -0800 https://activerain.com/blogsview/5461930/the-value-of-being-a-real-estate-hybrid https://activerain.com/blogsview/5461070/there-s-no-better-time-for-residential-agents-to-break-into-cre Working as a residential real estate agent is a rewarding and fruitful career, but what happens when you want to keep growing? Fact is, no matter how dedicated you are, residential deals can only bring so much money per transaction. Geographic areas and the housing market can really limit you, but one commercial deal will open you to a much larger market.Great news for those looking to expand and grow: your residential experience is uniquely valuable in the changing market of commercial real estate.Why Make the Move?While this may surprise you, there is no special license for selling commercial real estate. If you’re legally able to sell residential real estate, the only thing standing in the way of your first commercial deal is you.Dipping into commercial real estate doesn’t mean you have to abandon your roots. You can easily integrate a few commercial deals into your residential workload if that’s the path you want to take. And if you do, expect to see a much larger commission. Commercial transactions have a much higher total value and often give a much greater commission to the agent.Ready to take on some commercial opportunities?How Can Residential Experience Help?The sale of multifamily properties is one of the easiest ways to dip your toes into commercial real estate. You will find differences, but your unique knowledge of residential spaces will come to be an excellent asset for closing your first multifamily deal. You know what makes for an attractive house, and that translates well to what makes a great apartment, fourplex or condo.And more good news, right now is an amazing time to make your move.The age of the suburb is in decline. Living in the city has been growing in popularity for the past decade as more and more empty nesters and younger professionals alike want to live near work, shopping and the cultural hub provided by the big city. With a lack of space comes a much bigger market for rental properties and that’s where you can make your mark!Not only that, but condos and apartments adjacent to the main streets and town squares of larger suburban areas are on the rise as well. These areas are growing because they offer the walkability of the city with the quiet culture of the suburbs, meaning that no matter where you are, the barrier between residential and commercial real estate is softening. These are arguably even better opportunities for your first commercial property because not only do you know the product, you know what people in the suburbs are looking for.How to Make it HappenNow that you know the only thing standing in your way is an easily fixable knowledge gap, what are you waiting for? The Residential to Commercial Academy is your solution. An online academy with one and only one goal: to teach you everything you need to nail your first commercial deal.With courses covering commercial leasing and commercial sales, over 30 deep dives into the most important concepts, quick-reference notes and fillable documents to make your drafting process easier, it’s easy to see the value. In short, Residential to Commercial Academy is a Real Estate REvolution.Take your career to the next level.Start Your REvolution The Residential to Commercial Academy Inc., Commercial real estate online course. (The Residential to Commercial Academy Inc.) Tue, 28 Jan 2020 06:13:56 -0800 https://activerain.com/blogsview/5461070/there-s-no-better-time-for-residential-agents-to-break-into-cre