I want multi-family experience and knowledge of CRE operations for future investing purposes
Considering working for Marcus and Millichap as an entry-level commercial agent, can anyone give me some insight on working for M&amp;M, and how this could align with my goal of owning a large number of units or starting my own investment firm? is there a better path to gain the experience? thanks!
[{"id": "iihdeyb", "text": "If your goal is to own a large number of units, your biggest barrier most likely isn\u2019t experience, but rather money.\n\nThat being said\u2026 an entry level commercial agent will provide you with good insight into the deal process. You will have insight into how investors may be looking at deals as well. I\u2019d say best path is to get an acquisitions gig, as that is the experience that would directly help you the most, however any role that is transactional focused will be helpful.", "replies": [], "depth": 1}, {"id": "iipfzua", "text": "Doing agency lending (fannie, freddie, hud) as an analyst on the originations side will teach you the basic of the multifamily side of the business wiht some exposure on how deals get done, but you probably want to work as an acquisitions analyst for a large company to learn how to make deals happen. Google the top 50 multifamily owner/operators and you'll find plenty of companies (and positons) to target.", "replies": [{"id": "iiq6jvc", "text": "Won't just being around people who actually invest in multifamily allow me to understand how to get deals done and make them happen?", "replies": [{"id": "ikwwwqf", "text": "Yes if you surround yourself with the right people whom will mentor you. My main point is really there\u2019s lots of ways to learn how to get a deal done", "replies": [{"id": "ikyjq25", "text": "I agree!", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]