Any advice for an undergrad trying to break into the industry
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[{"id": "hp3hyrc", "text": "Learn to model real estate deals and practice, practice practice with real offering memorandums and deals.", "replies": [{"id": "hp438g2", "text": "Crexi is a great place to get access to real OMs for small deals.", "replies": [{"id": "hp4hmda", "text": "Never heard of it. I get bombarded by brokers and use costar myself, but it\u2019s expensive for non-cre professionals.", "replies": [{"id": "hp4scyp", "text": "Its a small site. Lots of smaller deals on there. i have never seen OMs on costsr but guess I was never looking for them either.", "replies": [{"id": "hp4snqo", "text": "It almost always has both the current OM if properties are for sale currently and often historical ones too. Unless the deals are off market or only selectively being marketed which are the deals I\u2019m usually looking for.", "replies": [{"id": "hp4t2et", "text": "Oh you know what, I have actually seen that under public documents. I dont know why I was drawing a blank there. For just practicing OP can make a free account on crexi since costar costs so much.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "hp50928", "text": "Maybe a stupid question and Im not a graduate, but a lot of the jobs Ive looked at in that area still require several (3+) years of experience, seems like its hard to find any real entry-level roles in underwriting/analyst. Any advice?", "replies": [{"id": "hp51h2d", "text": "If you show initiative get some good internships and learn to use excel with the fundamentals of underwriting you will find a shop that is willing to take a bet on you. Network in groups like ULI and NAIOP, they have young leadership groups and are cheap while a student.", "replies": [], "depth": 3}, {"id": "hp570df", "text": "A lot of brokerage shops and lenders will make analyst hires entry level. Investment and development firms on the other hand typically want some form of experience. My path to the investment side was Research Analyst to Debt Analyst to Acquisitions (all in all about 4 years). Focus on developing your modeling skills, learning different asset classes and how those deals are valued, while most importantly grow your network. Real estate is a deal-oriented business that is very network-driven. Comp on the advisory side is 100% commission driven and very heavy bonus/equity participation driven on the investment side. Simply put, people successful in the business are typically passionate about it and willing to listen to you if you can add value", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hp3np0s", "text": "Get Argus Enterprise certified if you\u2019re not already. Must have on your resume for a capital markets role, especially at a big shop like JLL or CBRE. I got AE certified post grad and it totally changed the feedback from recruiters.", "replies": [{"id": "hp3sdo8", "text": "Where would be the best place to get the certification?", "replies": [{"id": "hp3wa7c", "text": "The Altus Group pretty has a monopoly on the software, training, and education materials. So you have to go through their course to get the certification. Get in touch with one of the Altus Group sales reps and you can get the student discount for the whole package. Some colleges/universities offer a class.", "replies": [], "depth": 3}, {"id": "hp3ylo8", "text": "I did enroll in this course: [https://www.uclaextension.edu/real-estate/real-estate/course/using-argus-enterprise-commercial-real-estate-analysis-mgmt-x-47795](https://www.uclaextension.edu/real-estate/real-estate/course/using-argus-enterprise-commercial-real-estate-analysis-mgmt-x-47795) it was taught in person at that time but now it can be done fully remote.\n\nThe course includes a 6-month license of AE. Then, if you want, take the certification test at Altus Group. I find this to be a better route than paying Altus the whole fee altogether, and .... you get to network!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hp3t581", "text": "Look into matthews real estate. They like interns", "replies": [], "depth": 1}, {"id": "hp41jrj", "text": "Are you afraid to make cold calls? If not, my firm is hiring associates.", "replies": [], "depth": 1}, {"id": "hp42zsv", "text": "Consider attending ULI, NAIOP, IREM and other professional association events if they\u2019re in person in your area.", "replies": [], "depth": 1}, {"id": "hp48v4z", "text": "Don\u2019t focus only on brokerage. Almost every single company out there has a real estate department. Look for internships there too. I personally have never held a broker license but am in CRE on the tenant side doing site acquisitions. I started as a coordinator and didn\u2019t do an internship before hand. I would suggest looking at those coordinator roles and starting there. You\u2019ll do a bunch of scut work but you\u2019ll get great exposure to the industry.", "replies": [], "depth": 1}, {"id": "hp4y7d1", "text": "Get another job to pay bills in the early days as you fine-tune your skills and get established in real estate.\n\nOne fewer thing to worry about when you need your focus most .", "replies": [], "depth": 1}, {"id": "hp58gmx", "text": "I walked in with resume In hand, no experience. Told them I wanted to be a broker right after getting my real estate license at Newark knight frank and they offered me a job. \n\nBe bold.everything else can be learned but you must be bold to succeed in this business.", "replies": [{"id": "hp58jqs", "text": "I also didn't call first. Just showed up looking professional and ready to sell myself. Make good with the gatekeepers.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hp5jcqx", "text": "Stop making calls and ask to meet people in person face to face for a coffee near their offices or offer to buy them lunch. \n\nFace to face is miles ahead of over the phone / Zoom.", "replies": [], "depth": 1}, {"id": "hp65rw8", "text": "Have rich parents.", "replies": [], "depth": 1}, {"id": "hp6p37e", "text": "PLAN B. If you can not get in what is your fall back plan?", "replies": [], "depth": 1}]