Getting into CRE at 25 with 0 experience....
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[{"id": "dgr3oah", "text": "Find a job as a financial analyst on a team at a big firm. You'll learn the market and understand deal flow and analysis. Then you can strike out into brokerage when youre more comfortable. Also it pays $$ so you can eat while learning the business ", "replies": [{"id": "dgr6nyy", "text": "I have no college degree. Not sure how I'd land a job as a financial analyst. ", "replies": [{"id": "dgrddhe", "text": "You could start on your CCIM. It shows your serious because there is a commitment involved. ", "replies": [], "depth": 3}, {"id": "dgrugpq", "text": "Analyst positions are highly competitive, and even if you are lucky to land one, with no CRE/brokerage experience the pay will be very low.\n\n\nWhat interests you about CRE? Without a degree, your best bet is to become a 100% commissioned broker at a boutique shop, but that is a tough business where it could take years before you earn a single dollar.", "replies": [], "depth": 3}], "depth": 2}, {"id": "dgr74s8", "text": "I have a degree in Finance and I can't find a job as an analyst. I'm also 25. ", "replies": [{"id": "dh35718", "text": "What market are you in", "replies": [{"id": "dh3kiz8", "text": "DC/Northern VA", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dgr769z", "text": "Well, you could look at how to underwrite properties....Look into getting 'The handbook of First Mortgage Underwriting'. Unfortunately its $150. Then look to apply that knowledge to modeling in Argus (software program that nearly all brokers and appraisers use). Unfortunatley, that software is about $2000 a year. If you have those skills down and can prove it, I dont think a small/mid size firm would mind you not having a college degree. You can even offer to do models on a contract basis until someone hires you full time. Then its about meeting with people and finding opportunities.", "replies": [], "depth": 1}, {"id": "dgr7vtf", "text": "Sorry to tell you this, but a large chunk of your time in CRE is also spent behind a computer screen.", "replies": [], "depth": 1}, {"id": "dgr8vf3", "text": "some of the big commercial agencies like marcus millichap, cbre, colliers, etc have training programs for candidates that will help you. or you can start at a smaller local brokerage, which is what i did. i started as an assistant to a broker and i really learned a lot there and its how i managed to start off on my own. They will help you with a lot of stuff as well.", "replies": [], "depth": 1}, {"id": "dgr9hna", "text": "I came from a retail management background with no degree and walked on as am agent at Marcus &amp; Millichap. I had a lot of sales experience which helped, but the main thing is I called the regional manager directly after applying vs waiting on them to call me. If you can day trade you understand how money works for the most part. You said you've made a chunk of cash so I assume you can eat for a year before your first deal. My advice is this: you're 25, you've proven to yourself you can make money on your own, so go out and do it again in CRE investment sales. The manager is more likely to make a hiring decision based on your proven ability to learn the numbers, and pretty much your gumption which you've also proven. You're past the analyst stage if you've made it day trading. ", "replies": [], "depth": 1}, {"id": "dgr9wo7", "text": "Gonna be very tough to go the institutional route with no credentials or network. Smaller shops may happen. Invest the money to learn ARGUS and real estate modeling extremely well. Read as many books / blogs as you can on commercial investing so you can at least talk the talk. Write a great cover letter offering to perform case studies and ask for the opportunity to analyze a few deals and offer your recommendations. Show them you can do the work and add value. Network like hell. Honestly, your resume will get screened out immediately so networking is your best shot at getting a chance to interview.\n\nGood luck man. ", "replies": [], "depth": 1}, {"id": "dgra05v", "text": "Want to add - get a good answer for \"why real estate\" and not something cheesy like \"it's tangible.\" Seriously, demonstrating interest is gonna be the first step. ", "replies": [], "depth": 1}, {"id": "dgs1an2", "text": "www.massimo-group.com/newtobusiness\n", "replies": [], "depth": 1}, {"id": "dgsgvfr", "text": "Keep day trading and just invest in real estate. ", "replies": [], "depth": 1}, {"id": "dgskyrs", "text": "It's doable, but don't expect to make money right away. ", "replies": [], "depth": 1}, {"id": "dgu6ve2", "text": "if you want to do capital markets you will need to be an analyst for a year minimum especially if you were to go into a larger firm; it's honestly about networking alot, getting involved with organizations, going to events, interviewing everywhere you can and maybe take that boutique analyst job where you'll be able to be an associate within a year.. argus is a must know, expert at excel\n\nbut that will depend on your actual sales background too, such as if you can cold call and the drive you have. however no matter what, it is pretty dam competitive and you'll really have to go up against the competition fiercly. I am personally 25 and have been in ~2 years nearing possible associate at a tier 1 capital markets firm", "replies": [], "depth": 1}, {"id": "dguc5um", "text": "similar situation however i work as a teller currently. I've bought the REFM bootcamp videos and the Real Estate Finance and Investments textbook they suggested. Hopefully with these at least i'll get a leg up on getting interviews. Is my situation any better? I know CRE is mostly networking so hopefully that helps as well. ", "replies": [{"id": "dgwbbsx", "text": "Learn argus, the new enterprise version would be very valuable on your resum\u00e9, consider joining RELA, NAIOP and/or ULI. Being a part of a philanthropic organization can also go a long way", "replies": [], "depth": 2}], "depth": 1}]