Choosing between retail and multifamily as a new agent
Hello everyone. I am starting my career with marcus and millichap and they have two teams which focus between retail and multifamily. I have been going back and forth but i cannot seem to decide which to pick. Any insight or advice would be much appreciated. Thank you.
[{"id": "hyu3ugy", "text": "Multi family", "replies": [], "depth": 1}, {"id": "hyu3ydf", "text": "**IMO**:  Multi Family is safer. Retail has lots of potential for rebound, depending on where you're located. Depends on your appetite for risk taking.  Personally, I would go with Multi Family, but if that market doesn't appeal to you, don't do it.", "replies": [{"id": "hyu4vvu", "text": "Located in LA", "replies": [{"id": "hyu5cn6", "text": "Big market, very competitive.  Tough call. Do you like one team better than the other?  Are they adding to the team due to growth, or replacing someone? If replacing, why did that person leave?", "replies": [{"id": "hyu5udj", "text": "Both teams seem great and both adding for growth so im not sure what to do.", "replies": [{"id": "hyu6g90", "text": "So back to my original comment. Retail is higher risk, higher reward. Go with how strong your risk tolerance is.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hyuua6p", "text": "Which team does more business? That\u2019s probably the one I\u2019d go with.", "replies": [], "depth": 1}, {"id": "hyuzjww", "text": "\n\nUnless the co needs you to specialize right away, try both until you know more of each.", "replies": [], "depth": 1}, {"id": "hyv3io1", "text": "I would look at which team does more volume and factor that into your decision. If one of the teams is doing significantly more deals than the other, you'll likely get better experience with that team.", "replies": [], "depth": 1}, {"id": "hyv3ohc", "text": "Both will be hard to break in they are very saturated. Do you want to live in LA forever? If yes then multi family works but if you would want to move and want more flexibility then go retail. Regardless you\u2019ll have terrible splits i started at M&amp;M and left within two years after getting the training I needed. You can\u2019t make money unless you run a team and have juniors, it\u2019s a pyramid scheme. Learn, grow, get some deals under your belt and move on", "replies": [], "depth": 1}, {"id": "hyv6d06", "text": "Multi family - less finicky, bigger $", "replies": [], "depth": 1}, {"id": "hyvlih0", "text": "Shoot me a DM, I am an agent with Marcus too", "replies": [], "depth": 1}, {"id": "hyvvgdd", "text": "I\u2019m a developer in LA. We buy both so have some perspective from that angle. If I was in your shoes I would go multi.", "replies": [], "depth": 1}]