Investment sales
I interned in commercial real estate investment sales. I have gone through an interview process and am in the final interview with a team next week. I want to get more familiar with the typical returns and jargon. I will be doing simple underwriting. I know simple stuff like cap rate but I want to know what is the typical return on multi family. Basically if anyone has knowledge to share or websites to share please pass them along! 
[{"id": "eeayv11", "text": "Check out the blog section of propertymetrics.com", "replies": [], "depth": 1}, {"id": "eeb3mum", "text": "I really recommend the $29 investment in the course [Breaking Down Real Estate Private Equity](https://www.leveragedbreakdowns.com/course/). All the examples used are Multifamily and by the end of it you\u2019ll be able to build full-fledged investing models, from scratch, that are up to par with REPE megafund investing models.", "replies": [], "depth": 1}, {"id": "eeb4phs", "text": "Return depends on market. Primary secondary and tertiary. Prime markets are San Francisco LOS ANGELES Boston Washington DC. Secondary markets are Las Vegas, Denver, Dallas, Houston. Tertiary markets are Idaho falls, Bakersfield ect. In addition you have class a b and c properties. \n\nYou take a class c property in a primary market and then turn it into a class b property, you made a lot of money. \n\nYou take a class c property in a tertiary market and turn it into a class b property, you made a little money but it cost you a lot less. \n\nYou take a class c property in a tertiary market and turn it into a class a, and you spent too much, you are fired. \n\nA product in primary is 3 cap, \nA product in secondary is 5 cap \nA product in tertiary is 8 cap\n\nYou get the idea. \n\nSo typical depends on what you are competing against. \n", "replies": [{"id": "eeb99i5", "text": "Right I totally understand that. I feel like there\u2019s got to be a place that breaks that down simply. It\u2019s not really that complicated it just averages ", "replies": [{"id": "eebb3cj", "text": "https://www.marcusmillichap.com/research/researchreports/reports/2018/01/05/2018-us-multifamily-investment-forecast", "replies": [{"id": "eeblqum", "text": "Is this free?", "replies": [{"id": "eebu9wt", "text": "Think you just need to put your info in and you can download it. That way they can spam you OM's later on. You will learn these tricks when you too get into investment sales. ", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "eebqm3b", "text": "Also maybe take a look at Freddy and Fannie Mae loans for mf and what their rates are for a given market etc.  there will be a generally consistent spread to them and the cap rates that a given property type and market will trade for.  ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eer0r4e", "text": "Adventures in commercial real estate has free models and a glossary you can look at with hundreds of terms. Also look at the real deal, commercial observer (NYC), and also wall street oasis (\"RE\" is real estate section) for more information if you haven't already.", "replies": [], "depth": 1}]