Starting from zero
Alright guys,  last time I posted on this sub I was pondering over the idea of become a commercial real estate broker. I am in Miami FL and originally decided to put off my pursuit in this field to build a network by starting a web design agency and meet my local business leaders. I've managed to learn allot and have built a great network in my city. In the back of my mind I still think about making my jump into my original aspiration but feel that I am at a Cross roads as to whether I should continue and embrace my current journey as a web design and marketing business owner or close up shop and leverage my knowledge and apply it in my new career as a commercial real estate broker. My age I no longer feel is a barrier, I feel strong in my ability to communicate, research, and present. I know that I can find a mentoring broker in the city but my reason for not doing so is because I want to hear your experiences and opinions regarding the industry to help me decide

Do you love what you do?

What advice can you give a novice commercial broker that you wish someone wouldve told you?

What are some resources you recommend I take advantage of to make the most out of this new journey?

What's your story? How did you break into the field, did you go to college? Do you think that someone who is determinated, motivated, and persistent can thrive in this field? How much can I expect to make 5 years down the line? 




[{"id": "dokthps", "text": "Be prepared to make $0.00 your 1st year in brokerage.  That\u2019s to to say that you won\u2019t get lucky and make some deals, but the deck is stacked against you.  Its not uncommon for deals to take several months from start to finish. The first year in you\u2019re going to be learning the business and trying to build your pipeline.  \n\nUnderstand that this is a 60+ hour a week job, thats what it takes to make it.  I\u2019ve seen many new agents come and go, several underestimated the level of commitment required to make it.\n\nI switched careers after grad school and went from recruiting into CRE.  Some of the skills crossed over, but much of what I know now I\u2019ve learned after several years in the business.  Unfortunately its a learning experience that comes from many repeated failures, like determining who is a real prospect and who is a waste of time.  \n\nIdeally you\u2019ll join a firm with seasoned brokers who you will be able to work under.  This is will help your chances of succeeding but they\u2019ll want to see you hustle if they\u2019re going to spend time training you.  \n\nIt can be a very rewarding career, but it takes a certain type of person to make it.  \n", "replies": [{"id": "dokuhig", "text": "Can you list some of the atributes that make the type of person that succeeds in this industry? I'm willing to wait a year or two before I make a dime, it's the lifestyle that the career can provide that will make me truly make the plunge", "replies": [{"id": "dol24dn", "text": "Everyone has their strengths and weaknesses.  In my opinion persistence is the one trait that seems to be biggest qualifier for success.   ", "replies": [{"id": "dou4wwr", "text": "100%. It's persistence above all.", "replies": [], "depth": 4}], "depth": 3}, {"id": "dol2q91", "text": "I can't reiterate what this post said enough. Many people who are attracted to brokerage are wired such that they've been successful in other arenas (school, sports, other professional ventures) and hear that it takes a year of more to make a penny and thing \"maybe for them, but I'm awesome\" then six months in they're out of money and leave to earn a salary while they make someone else rich. I'm I'm investment sales and love every second of it. Find a very strong broker that has a track record of success and get on that team. You'll split your fees twice (once with the Brokerage and once with the senior guy) but it's worth it. Assuming you're learning stay there for two or three years or five+ deals then decide what you're going to do. Be prepared for a ton of prospecting and be prepared to blindly follow proven systems even though you may feel like you know a better way. It's 60 hours a week but aside from capitalizing on business hours you're free to do what you want. When I started I worked out in the morning, worked like 9-5ish them went home and hung out with my wife until she went to bed at 10 then I worked from 10-midnight. Except for a couple of tours or people flying in to meet I never worked a weekend. That was my time. ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]