How to get started/get my foot in the door?
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[{"id": "eezlfbk", "text": "Reach out to brokers to land a job", "replies": [], "depth": 1}, {"id": "eezpjbj", "text": "When you say you have always wanted to \"do it\", what is it that you are referring to? There are so many paths in the CRE space from a career perspective. Also, since you've known you wanted to be in CRE for as long as you can remember, why do you have no connections? Why have you not made connections before you graduated? This leads me to also believe you have no CRE internships below your belt. Then how do you have \"all\" of the qualifications? What specific qualifications are you referring to? There's a lot of empty holes in your post assuming you truly have always wanted to be in the CRE business. \n\n", "replies": [{"id": "ef068cd", "text": "I thought that when I said I passed my broker exam today I implied I wanted to get into the brokerage side of cre, be a broker. \n\nI do not have any cre internship, you are correct. Maybe this is one area I am lacking qualifications. Never the less, a kid with a degree in finance and a real estate license should prove to be marketable, especially if he possesses intangibles of a hard work ethic and an enthusiastic outgoing persona. \n\nMy question was, how do I get my foot in the door, not what empty holes I have? I know I have wanted to do it my whole life, and you approaching it in a pessimistic sense isn\u2019t helping me much. \n\nMy parents are both union workers and make a living with their backs, not their brains. No connections come from them, and whenever I do reach out to brokers I never seem to get a meeting much less a response. \n\nSo once again, my question was how do I get my foot in the door with people whom I don\u2019t know in an industry that is heavy connection based? ", "replies": [{"id": "ef0ullt", "text": "You\u2019re gonna need thicker skin than that", "replies": [{"id": "ef0z8w1", "text": "Plan on getting your feelings shoved up your ass.  You are going to be rejected 99% of the time when you start out.  \n", "replies": [], "depth": 4}, {"id": "ef16brb", "text": "Hahah great answer. ", "replies": [], "depth": 4}], "depth": 3}, {"id": "ef0xna1", "text": "Reach out to people for coffee ", "replies": [], "depth": 3}, {"id": "ef0z3yh", "text": "What type of commercial sales do you want to get into?\n\nInvestment (NNN, institutional funds, etc), multifamily, retail, industrial?\n\nWho are the big players in the market you want to work?\n-reach out to them. Coffee/lunch\n\nWho are the big brokerage firms?\n-learn who is the manager. Coffee/lunch", "replies": [], "depth": 3}, {"id": "ef1bda2", "text": "Join a big CRE firm in your area and work under a senior/mentor for awhile until you know what you're doing so you don't get yourself into some crazy lawsuit.  You'll most likely need their help to talk to the clients etc.  Figure out what niche in commercial real estate you want to go for.  After you've built up some experience then you could possibly go on your own.\n\nAlso, you'll need way thicker skin than that if you're going to survive.  When looking for clients, it'll be 900 no's, a few fuck you's, and then 1 yes.\n\nGood luck!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eezu8gi", "text": "Where do you live? Since this is real estate, where you are will inform you as to what you should do. ", "replies": [{"id": "eezxyi0", "text": "Seattle", "replies": [{"id": "ef17frd", "text": "Ok that is a major city. I would reach out to the researchers at CBRE or colliers or CUSHMAN or nkf and meet them up for lunch, explain you want to get involved in the business and if anyone is looking for interns. \n\nReal estate is about networking and you are at the bottom. The research dept is where most young nephews start the business until they are picked up on a team. \n\nJoin Urban land institute as a student and attend the industry events. Those are for networking. Sometimes there are job fairs for property management or developers ect attend those and get business cards. \n\nUpdate your LinkedIn account with some cre specific skills such as costar or Argus, you will want to watch a few videos on how those programs work so you can speak about it. That will weed you out from most other junior people. \n\nOr you can skip all that and apply for a job at Marcus and millichap, they are a boiler room and will hire anyone who can use a phone. Working there will teach you a lot about the business and getting something on your resume is better than nothing. \n\nGood luck ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eezvc1m", "text": "Network = Net worth ", "replies": [], "depth": 1}, {"id": "ef0lg0o", "text": "Try your college\u2019s alumni association. Find someone in the industry that went to your college and ask for help. People are more likely to respond if you have some type of connection, rather than a totally random person reaching out ", "replies": [], "depth": 1}, {"id": "ef0mizk", "text": "Residential real estate experience with license.  Education in finance or business.", "replies": [{"id": "ef0yqxy", "text": "Zerooooo need to do res.  It shows you know how to talk to people and bake cookies. ", "replies": [{"id": "ef1a3ht", "text": "If you know nothing then getting a sales or broker license is great experience", "replies": [{"id": "ef1f0qg", "text": "I\u2019m saying if you want to do commercial, do commercial.  The act of getting a license is BS. \n\nThree things I use from those classes:\n\nDo not co-mingle funds\n\nAlways present offers that can be traceable \n\n1 acre = 43,560 sqft. \n\nThat is it. \n\nWhat would be good is more of a sales type class since you want to be in sales. \n\nHow to budget your time. \n\nHow to market yourself via email and mailers. \n\nOvercoming objections / getting passed gate keepers. \n\nManaging a database. \n\nHow to look up decision makers. \n\nKnowing the past notable transactions. \n-Sales or Lease. \n-brokers involved\n\n-principals involved\n\n-developers\n\n-what were the numbers GRM, CAP, Lease Rate\n\n-CLIENTS LOVE A GOOD SALES OR LEASE STORY. THEY WANT TO BE INFORMED OF THE LATEST TRENDS AND YOU ARE THE EXPERT. \n\n\nAnd caffeine vs cocaine vs aderol. What to take and how much. \ud83d\ude09\n", "replies": [{"id": "ef1k6pr", "text": "Where talking about *getting your foot in the door*.  That means ZERO experience.  Having SOME experience in real estate is *getting your foot in the door.* \n\n***\n\nI am an investor not an agent, so my route is: have a bunch of money.\n\nBut when I started, I got a real estate license to understand the process (also an MBA but that is pretty useless).\n\nSo get off your high horse about getting a basic real estate license...  it makes you look insecure.", "replies": [{"id": "ef1khaj", "text": "But you can easily get a job as a broker. Most firms just want warm bodies that hustle. \n\nTo me saying go into res to eventually go into commercial is like hey be a flight attendant so you can eventually work at a hotel. ", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ef0zpsl", "text": "Seriously just get on the internet, read into CRE companies in your area. Email or call all of them and say \u201cI\u2019m so and so, interested in CRE. I just graduated from blah blah school, and I\u2019d love to get coffee or lunch and get some insights into the industry\u201d \n\nThis will work 8/10 times and if it\u2019s not working it\u2019s most likely some CEO or VP that thinks they are too good to meet with you. \n\nI had a shit gpa and majored in finance also. I was offered 6 jobs in CRE before and months after I graduated. All because I networked my dick off. ", "replies": [], "depth": 1}, {"id": "efh9qes", "text": "I just applied to every single job lol. Now I\u2019m doing portfolio advising/consulting for a $1.5B AUM housing project with $100M yearly revenue. ", "replies": [{"id": "efhtjyp", "text": "What are some jobs that isn\u2019t broker? Because if I can\u2019t get a job as a broker then I will do something else in the industry for a year or 2 then try to transition ", "replies": [], "depth": 2}], "depth": 1}]