Is it fair to say brokers have better access to personal investment opportunities?
I.e because of their exposure to deal flow and relationships, would this be a fair statement?
[{"id": "fp3cafj", "text": "Yes.", "replies": [{"id": "fp3cv8e", "text": "Okay. Thanks!", "replies": [], "depth": 2}], "depth": 1}, {"id": "fp3j9lo", "text": "They are called the gate keepers of deals for a reason! They do it for a living!", "replies": [], "depth": 1}, {"id": "fp3lbd9", "text": "The answer is an unequivocal yes", "replies": [], "depth": 1}, {"id": "fp3n2xk", "text": "If a broker lives on commission checks, average commercial brokers earn about $75K. A high tech professional earns over $110K with stock options, benefits on top. Brokers often keep the properties for their clients , some for themselves. If a millionaire wants an avenue to finding out deals by being a broker that is a different story.", "replies": [{"id": "fp4plfx", "text": "Nice grammar.", "replies": [], "depth": 2}, {"id": "fp4sgzz", "text": "Maybe this is a small market but if one of the brokers in my office is \u201conly\u201d making $75k after a few years his gross isn\u2019t high enough to be kept around.", "replies": [{"id": "fp582qk", "text": "Ya same. There are more brokers in my office making over $200k than not. And we're not even in an S tier market like SF or NY.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fp4pxjg", "text": "That\u2019s why most \u201cinvestment\u201d properties on the open market aren\u2019t that great. \n\nWhen we find deals that are great chances are high we buy them or someone we are close with that has the capital will buy them.", "replies": [], "depth": 1}, {"id": "fp4vm2l", "text": "Yup", "replies": [], "depth": 1}, {"id": "fpkindb", "text": "100% yes!\n\nI am pivoting from CRE and apartment building development to REO single family homes. What I find is anyone who has a connection with the lenders to receive the REO listings is shady. They don't answer phone calls and when they do they say they already accepted an offer which was lower than what were willing to pay. This has been for me a pure waste of time.", "replies": [{"id": "fpm0vp7", "text": "Saw this play out with agent in my brokerage in 2013. He did about 600 REO's that year in Vegas.", "replies": [{"id": "fqbr6qx", "text": "Unbelievable how the lenders are so oblivious. The guy in my area has done 100 a year since 2008.", "replies": [], "depth": 3}], "depth": 2}, {"id": "fpqlgmd", "text": "Speaking of REOs, any advice on actually receiving those REO listings? Figure I'd ask since you said you're transitioning to that side of the industry.", "replies": [{"id": "fqb4bcm", "text": "No idea. All I know is anyone who has the connection can easily take advantage.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]