Venting somewhat and trying to figure out why everyone in commercial real estate seems to be full of shit, everyone inflates their assets and track record and seems to be all talk, no one actually seems to know what they’re doing or actually have a track record.
No one seems to have money either- everyone is trying to get something for nothing, no down payments everyone wants “creative financing” where they don’t have to bring any money to the table because they’re all broke losers who have no business dealing with multi million dollar properties
Now the question – where to go to find people in real estate that aren’t full of shit? I know they’re out there but most networking events seem to be a bunch of loud mouthed morons stroking their egos by bragging about their “portfolio” and “track record” which they inflate to the moon
Why is everyone in commercial real estate full of shit?
byu/moonshine_estate inrealestateinvesting
Posted by moonshine_estate
6 Comments
Commercial is where the big money is so you get a lot of borderline scammers trying to make a quick buck.
Same at non-commercial events as well. My first and last event was when I realized I was the only person there who actually owned rentals. Very confusing to get into a conversation with someone talking a big game just to find out they haven’t actually bought anything yet.
Similar reasons every seller tries to sell on pro forma and what coulda shoulda woulda been and try to f over the folks trying to go into commercial?
They got into a bad first deal and now want to give that bad first deal to someone else.
Why are you limiting it to just commercial real estate? It seems to me that essentially everyone in all varieties of real estate are full of shit.
It is odd. Sellers thinking their properties are worth wayyy more than they are. I’m in talks with a seller who is selling an apartment complex and they believe the price HAD to appreciate since the last appraisal in 2021….it doesn’t work that way. People who operate million plus deals and don’t even k ow how to value it.
The people who arnt full of shit are also not in your local investment groups or fb groups, or anything of the sort. They’re also not going to be talking about their portfolio ever unless it’s with someone else that’s in a similar position or trajectory. They keep their network tight. If you want in with these people then go where they go. The golf clubs the country clubs, the private downtown gyms or clubs.