Somebody just told me its not smart to enter CRE the next few years... is this true or not?
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[{"id": "inmmbl9", "text": "Defenitely don't get in if you don't understand it.  \n\n\nInterest rates are increasing, this squeezes short to medium term margins  \nRecession potentially on the horizon  \n\n\nIf you can buy and debt service at a price/cashflow that makes sense for you then great. Make sure you also have the capital to deal with unexpected capital expenses, vacancy and legal fees", "replies": [], "depth": 1}, {"id": "inmms9k", "text": "Good luck in brokerage w that attitude", "replies": [], "depth": 1}, {"id": "inmquan", "text": "Every day as a CRE broker will(should) be spent dealing with owners/developers/buyers/sellers. All of whom are \u201cpieces of shit with money\u201d or at minimum are looking for you, the broker, to help them find money. Obviously you\u2019re having a tough time, but in honesty your attitude towards those with money may conflict with the interests of most parties involved in a real estate transaction. The guy who commented \u201cgood luck\u201d is blunt, but he\u2019s right. If this is truly your interest (real estate), here is my two cents: \n\nIt will not be easy in a rising interest rate environment to become a new broker outright - deals are simply harder to get done right now. Not impossible, but harder than the last few years for sure. And never easy. It requires a lot of attention to detail and people skills to score business. \n\nBeing a broker HARDLY means financial stability. For at least 40% - it means the opposite. Educated people with positive attitudes and serious intent can fail in brokerage. An alternative to becoming a broker is to search for an analyst position at a firm where you can learn and cut your teeth with the safety of a salary until you are comfortable with taking the deep dive into an almost entirely commissioned broker or associate position. If you have no real estate experience, work on getting a brokers license. You\u2019ll learn a lot through those 4 courses that can help in an interview and serve as slightly more than entry level industry knowledge with proof of desire (license).", "replies": [], "depth": 1}]