I left corporate at 34.
Here are 34 controversial truths about Millennial workers that'll piss you off:
1. We're not passionate about a job– we just pretend to be until we can get the f*ck out of there
Predictor for how much a new CRE broker will make:
Are you local? (Add $20,000)
Family in the industry? (Add $15,000)
Graduate from a top school? (Add $20,000)
Work for an elite brokerage? (Add $10,000)
Smarter than your peers? (Add $75,000)
Total it and multiply by zero.
Every once in a while you run into a seller that projects 100% occupancy at market rents and they can’t fathom why you shouldn’t pay based on that NOI
Walk away. There’s no rationalizing with this person.
Don’t even attempt to try.
A struggle for many entrepreneurs:
Part of them wants to build an empire,
see if they can make a billion.
Part of them wants to take the weekend off, have a 4 hour work week, play golf, spend more time with family and live a great life.
Anybody stating “this isn’t meant to be a political post“ is the same as saying “don’t take this the wrong way“
The first is always a political post and the second will always be taken the wrong way (which actually is the way they intended)
Diversification is pointless when you’re building wealth:
1. It means your conviction in the investment isn’t high enough
2. It’s a total waste of mental energy
You shouldn’t make investments that represent less than 10% of your net worth if your net worth is less than $500k
Brokerage Hack: If you want free lease comps and already have a few listings, add a section to your application under the "Current Address" that asks for current base rent and current CAMs.
This also gets the convo started about their current building/situation.
A few years into the brokerage game, I saw a post from a broker saying it took years to reach a key contact.
Instant relief.
I thought I was doing something wrong by not getting immediate traction.
It turns out consistency isn't that hard — it’s an entitled mindset that makes…
In this game, one deal can change your year—and one strong relationship can change your entire career. The market rewards those who stay consistent, even when the phone isn’t ringing and the offers aren’t flowing.
#CRE#deals#dealmaking#CBRE
If you don’t call your past clients regularly someone else will
A young broker will steal your “client” simply because they had good timing
But more importantly you’ll lose a past client because you suck at follow up
The most common issue I hear from brokers is that they don’t…
Once you master real estate the sky is the limit.
There is a whole segment of people that do not have time for real estate but, want to invest.
Doctors,dentists,lawyers, entrepreneurs etc. these people are too busy.
This is where you come in and once you prove you can provide…
It all starts with acquisitions.
It doesn’t matter how much money you can raise.
It doesn’t matter how good of an operator you are.
It all starts with acquisitions.
Instead of making people fearful of debt, we should be doing everything we can to educate them early in life about how it works.
Appropriate use of leverage is one of the proven paths to financial success and independence.
How I underwrite:
2 columns in excel, one for in-place income, one for stabilized income
In-place income column just checks that the property can service its debt at a 1.25x DSCR
Stabilized column makes sure that the stabilized yield will be 200bps above the market cap rate
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