Best way to enter a new market right after undergrad?
Hello everyone, i’m entering my senior year of college studying finance &amp; real estate.  Currently interning with a cre firm in my local market this summer.  I live in a tertiary market and want to exit once I graduate.  What’s the best way to approach this situation.  End goal is broker/developer.  I know starting out 100% commission only in a new market can be difficult.  Should I aim for an analyst or property management roll for a couple years?
[{"id": "ihcryzm", "text": "I would find a developer doing something you\u2019d want to be doing and try to become their assistant/underling and hopefully get to meet with the contacts you\u2019ll need in that market and to start building a relationship with these people. Also you\u2019ll get a better feel for the ins and outs of the market and when an opportunity comes along you\u2019ll know what to look for and have the network to get it done", "replies": [{"id": "ihfzehj", "text": "Awesome advice Antonio I am greatly for your insight!", "replies": [], "depth": 2}, {"id": "ihfzg4j", "text": "Grateful*", "replies": [], "depth": 2}], "depth": 1}, {"id": "ihcvjwi", "text": "Definitely don\u2019t do property management if your goal is broker/developer, doesn\u2019t give you relevant experience. Try and find a PE or development firm with an analyst roll you want, you\u2019ll learn the decision making process, financial modeling skills, and network that can help you go out and look for your own deals. A small entrepreneurial firm in a growing market where there is a lot of collaboration across teams is helpful.", "replies": [{"id": "ihe0zeg", "text": "I know plenty of developers who started in prop management", "replies": [], "depth": 2}, {"id": "ihfz9by", "text": "I appreciate it!  It seems like analyst roles are fairly common for breaking into the industry and will provide lots of knowledge for what I\u2019m trying to do!", "replies": [], "depth": 2}], "depth": 1}, {"id": "ihd7d38", "text": "Don\u2019t do property management. And no reputable firm would hire you on 100% commission right out of school - you would starve to death. Blast resumes and LinkedIn messages to brokers at the bigger firms in the market that you want to end up and try to get on their team as a junior broker. You\u2019ll be useless for the first 12 months.", "replies": [{"id": "ihfz3b4", "text": "Great advice Mitch I truly do appreciate it! Glad to hear that the first year isn\u2019t always commission only!", "replies": [], "depth": 2}], "depth": 1}, {"id": "ihgw78o", "text": "If brokerage is the end result, the best path is to find an experienced broker or team willing to give you a chance. Ideally a team or individual with a history of training new hires with little to no experience. Don\u2019t be greedy and don\u2019t expect to make much money until you prove yourself. Work harder and smarter than everyone else on the team. Good mentors will see this and be more willing to spend their valuable time with you. Keep in mind a person\u2019s time is their most valuable asset so be respectful and grateful when someone \u201cgives\u201d you their time.  CRE brokerage can be a lucrative and rewarding profession but is not get rich quick job. Actually a persons reputation is their most valuable asset, so don\u2019t take a position if the company or individual does not have an impeccable reputation. I was fortunate enough 30 years ago to find that mentor and always looking to pay it forward. Feel free to DM and glad to jump on a call to discuss CRE brokerage in more detail with you.", "replies": [], "depth": 1}, {"id": "ihnlg8e", "text": "If you want to be a developer long term I would look at analyst positions. Not super fun for the first bit but you learn so much and doors will open!", "replies": [], "depth": 1}, {"id": "iid0ph9", "text": "Investment sales is the best way in by far if you can't land at a developer/pe shop. Make sure you're on a good team", "replies": [], "depth": 1}]