What specialty or division of CRE is the most lucrative?
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[{"id": "ed7r2oz", "text": "Mass ownership. Being a landlord. This often comes as a partnership or LLC or REIT or fund. Many types of owning as well. Could be from a capital markets perspective, developer, redeveloper, owner/manager, owner/user, etc. \n\nIt's a beautiful thing when your asset appreciates 1500% over thirty years and you've been collecting increasing rent the entire time. Though rare it does happen. \n\nIf you're asking for a career path then a hot ticket at the moment is underwriting. You'll learn all the skills necessary to buy, sell, appraise, negotiate and oh joy the numbers underneath it all. After a few years of making 60-120k as an analyst you can probably get picked up by a Grade A investment firm if you grind it out and stay sharp. It's very very competitive. \n\nThere's also other sectors that are comparable like leasing brokerage or working for CRE tech startups that have a chance of getting bought for millions or going public with your right to X amount of shares. \n\n", "replies": [{"id": "ed7txd2", "text": "As far as underwriting goes, who are the ideal employers? Banks? Investors? Thanks!", "replies": [{"id": "ed8gsjy", "text": "Working in REPE, I think you could learn a lot in any sort of acquisitions role be it a REIT or an REPE shop like mine.", "replies": [], "depth": 3}, {"id": "ed9ya7c", "text": "If you're interested in a specific property type you can work for brokers doing multifamily, retail, land, mostly in Excel, office or industrial you'll want to find a shop that will pay you to work in ARGUS. To get hired you might look into taking a class on ARGUS. If you're in Southern California, UCLA has one. Debt Equity Finance is really good because you're talking to every side, lenders, sellers, buyers, etc. That's the extent of my knowledge. I might be missing info about banks and lenders, but hopefully that's a good start.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ed7s49i", "text": "I\u2019m asking solely in regards to being a broker for a commercial real estate firm", "replies": [{"id": "ed809hr", "text": "I'm an investment sales broker with a national firm.\n\nInvestment sales is generally the most remunerative type of brokerage. If you can pick, specialize in large apartment properties. They're simple to underwrite and usually sell for the highest price per square foot, meaning that selling apartments had the best commission revenue per time invested.", "replies": [{"id": "ed84cex", "text": "If you were the investor/buyer personally, would your target still be apartments? Anything else more appealing to start as an investor? ", "replies": [], "depth": 3}], "depth": 2}, {"id": "eda4t8c", "text": "Depends certainly on your market. I\u2019d take a look at specialties that aren\u2019t too saturated with brokers. You might be able to find a nice niche in something like hotels, self storage, manufactured housing, etc. Some of these are over looked but can be very lucrative and potentially untapped.  ", "replies": [], "depth": 2}], "depth": 1}, {"id": "ed8g2xu", "text": "Whichever one you're good at and are willing to spend the most time on. ", "replies": [{"id": "ed8puag", "text": "This is the right answer.  If you are the best at selling offices/industrial/airport hangars/mud huts, it doesn't matter what the stats are.  Learn your market, learn your property type, learn your investors.", "replies": [], "depth": 2}], "depth": 1}]