Going from Residential to Commercial Wholesaling with Ace Qureshi

05/09/24 • 48 min

In this dynamic episode of the Real Estate Wholesaling Syndicate podcast, host Ky Logue interviews Ace Qureshi, a wholesaler who began his career in Houston after moving from Pakistan in 2011. Ace shares his journey from selling various items to diving into real estate wholesaling and eventually transitioning into commercial real estate. The discussion is filled with valuable insights into the strategies and mental shifts necessary for moving from residential to commercial real estate investments. Ace also details the challenges and learning experiences he faced while establishing his niche in commercial properties, providing practical advice for anyone looking to enter this sector.

Show notes:

Host: Ky Logue
Guest: Ace Qureshi
Duration: Approximately 48 minutes
Episode Title: Going from Residential to Commercial Wholesaling with Ace Qureshi

Key Points Discussed:

Ace Qureshi's Background:
- Introduction to Ace, including his initial years in sales and his entry into real estate wholesaling.
- His progression from residential to commercial real estate.
Transitioning to Commercial Real Estate:
- The accidental shift to commercial after feeling burnt out in residential wholesaling.
- Insights into the first commercial deals and the complexities involved.
Challenges in Commercial Real Estate:
- Details of the learning curve in commercial deals including deal structuring and understanding market dynamics.
- The importance of perseverance and adaptability in overcoming these challenges.
Strategic Insights and Techniques:
- Discussion on targeting older platforms like Bing and Yahoo for leads.
- Ace's approach to underwriting and securing commercial deals.
Advice for New Investors:
- Recommendations on getting started in commercial real estate.
- Importance of focus and dedication in mastering one asset class before expanding.
Q&A Session:
- Live questions from listeners focusing on practical aspects of entering and succeeding in commercial real estate.

Resources Mentioned:

Commercial real estate tools and platforms for data and comps.
Networking and community-building strategies.

Contact Information:

Connect with Ace Qureshi on social media platforms like Facebook and Instagram under "Ace Deals."

Closing Remarks:

Ky concludes by inviting listeners to join the Real Estate Wholesaling Syndicate Facebook group for more resources and live training sessions.

This episode is packed with actionable advice for anyone interested in or currently navigating the shift from residential to commercial real estate investing.

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Show notes:

Host: Ky Logue
Guest: Ace Qureshi
Duration: Approximately 48 minutes
Episode Title: Going from Residential to Commercial Wholesaling with Ace Qureshi

Key Points Discussed:

Ace Qureshi's Background:
- Introduction to Ace, including his initial years in sales and his entry into real estate wholesaling.
- His progression from residential to commercial real estate.
Transitioning to Commercial Real Estate:
- The accidental shift to commercial after feeling burnt out in residential wholesaling.
- Insights into the first commercial deals and the complexities involved.
Challenges in Commercial Real Estate:
- Details of the learning curve in commercial deals including deal structuring and understanding market dynamics.
- The importance of perseverance and adaptability in overcoming these challenges.
Strategic Insights and Techniques:
- Discussion on targeting older platforms like Bing and Yahoo for leads.
- Ace's approach to underwriting and securing commercial deals.
Advice for New Investors:
- Recommendations on getting started in commercial real estate.
- Importance of focus and dedication in mastering one asset class before expanding.
Q&A Session:
- Live questions from listeners focusing on practical aspects of entering and succeeding in commercial real estate.

Resources Mentioned:

Commercial real estate tools and platforms for data and comps.
Networking and community-building strategies.

Contact Information:

Connect with Ace Qureshi on social media platforms like Facebook and Instagram under "Ace Deals."

Closing Remarks:

Ky concludes by inviting listeners to join the Real Estate Wholesaling Syndicate Facebook group for more resources and live training sessions.

This episode is packed with actionable advice for anyone interested in or currently navigating the shift from residential to commercial real estate investing.

Check out Investor Plug - Investor Plug

Previous Episode

How To Work With Your Spouse with Bri Logue

In this episode of the "Real Estate Wholesaling Syndicate" podcast, host Ky Logue is joined by his wife and business partner, Bri, to discuss their latest venture, Investor Plug, a CRM specifically designed for real estate wholesalers. The episode delves into the functionalities and benefits of using Investor Plug, emphasizing its custom-built features that align with individual business needs. Additionally, they explore the broader impact of AI on businesses, stressing the necessity for small businesses to adopt AI technologies to remain competitive.

The couple also shares personal insights into working together, maintaining a balance between personal and professional life, and the dynamics of managing multiple business ventures. The conversation is light-hearted yet informative, with personal anecdotes and practical advice for both seasoned investors and newcomers.

Show Notes:

Introduction of Bri Logue, co-owner of "We Buy Sad Houses" and CEO of a digital marketing agency.
Discussion about Investor Plug, its features, and how it customizes to fit specific business processes.
Insights into the importance of AI in modern business practices, including statistics on AI adoption rates among large and small businesses.
Personal experiences and challenges of working with a spouse in a high-pressure entrepreneurial environment.
Tips on communication and organizational strategies that help manage multiple business operations effectively.
Listener Q&A session addressing common queries about balancing work and life, especially when working closely with a spouse.
Promotional information about where listeners can learn more about Investor Plug and other services offered by Ky and Bri Logue.

This episode is packed with practical tips for real estate wholesalers looking to leverage technology to streamline their operations and insights into managing a business partnership with a spouse.

Check out Investor Plug - Investor Plug

Next Episode

Millionaire in Three Months: How Anthony Hernandez Built a $1 Million Portfolio in 90 Days

In this episode of the Real Estate Wholesaling Syndicate podcast, host Ky Logue sits down with Anthony Hernandez, also known as the Real Estate Hero. Anthony shares his inspiring journey from losing his job to building a multi-million dollar real estate portfolio. He discusses the creative strategies he used to close deals, the importance of ethics in the business, and how consistent marketing and follow-up have been key to his success. This episode is filled with practical tips and actionable advice for both new and experienced wholesalers.

First Deal Experience: Anthony talks about his initial strategy of driving for dollars, writing down addresses, and sending out personalized mailers with cologne-sprayed letters. He explains how this unique approach helped him get responses and close his first deal.
Building a Portfolio: Anthony details his journey from his first deal to creating a significant rental portfolio through subject-to deals and private funding. He shares the challenges he faced and how he overcame them to build a multi-million dollar portfolio in less than 90 days.
Marketing Strategies: Transitioning from mailers to using digital marketing, Anthony explains how targeted ads, paid actors, and social media referrals have significantly boosted his lead generation. He highlights the effectiveness of pixel marketing and automated follow-up sequences.
Follow-Up Process: Anthony emphasizes the importance of consistent follow-up, describing his system that sends automated messages for 365 days to stay top of mind with potential sellers. He explains how this long-term follow-up strategy has been crucial in closing deals.
Common Mistakes and Advice: Anthony discusses common mistakes new wholesalers make, such as poor follow-up and mismanaging initial profits. He advises reinvesting profits wisely, maintaining a disciplined approach, and continually learning from events and peers.
Favorite Strategies: Anthony shares his favorite real estate strategies, including wholesaling as the backbone of his business, flipping properties, and utilizing seller financing. He provides insights on how to present seller financing options to sellers.
Teamwork and Support: Anthony talks about the division of responsibilities between him and his wife in managing their real estate business. He appreciates the support and collaboration that have been essential in scaling their operations.
Upcoming Event: Ky promotes the upcoming event on June 5th in San Antonio, featuring Anthony and other notable speakers. The event aims to provide comprehensive knowledge and actionable steps for wholesaling success.

Resources Mentioned: