I've met Faisal, he is no joke smart AND has a personality. With my last company we used Estreich, he doesn't need to work but he likes to do it for fun.
There are no/few gaps in the industry. It is a tough market with thousands of hungry brokers who will lie to get a deal done. Further, it still remains a relationship industry, where you have to keep track of 100s of lenders.
Meridian has this covered. At the mom and pop level they will lie to get a deal off the street and retrade. It works...for them.
In the Mom and Pop you need even more to be rate targeted. They have 100s of brokers a week calling and saying we can get you 3.50% for 10-year fixed. Even Eastern Union has capped fees at like 150k. Also, the smaller deals are such hard work. You grind for what 50-80 bps on a 1-5 million loan? The industry is hyper competitive.
I'm in debt and equity brokerage. This is an extremely well covered field with PLENTY of very hungry people out there chasing business.
Frankly, you sound like a moron when you're LESS THAN A MONTH in the business and make the prospect of starting your own firm and making it rain like some easy ass task anyone can do. You'd sound like a moron making comments in ANY business. You need to spend more time keeping your head down and working boss.
Anyone above the age of 25 would read the above and come to the same inescapable conclusion I did. I have no clue whether you're a moron or a genius; I told you how you came off based on the objectively silly post you made.
Ignore the idiot(s) telling you that you can never do your own thing. People that are afraid to take risks and feel they need experience first are usually not very successful.
I've been in hyper competitive markets and made really good money before doing it - the key is NOT chasing every deal and being niche.
You need to start by focusing on a tiny segment. What that segment is, only you can decide.
Look up US Hotel Advisors. It’s two guys that branched off on their own and started a hotel loan brokerage. Niche space as m_1 said. I originally cold emailed the founder when I was looking for a new job. Ended up having a call with the guy and while he didn’t need any junior staff, he answered my email and agreed to a call. I would send him an email or call him to ask/talk about his story.
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Are you serious?
I've met Faisal, he is no joke smart AND has a personality. With my last company we used Estreich, he doesn't need to work but he likes to do it for fun.
There are no/few gaps in the industry. It is a tough market with thousands of hungry brokers who will lie to get a deal done. Further, it still remains a relationship industry, where you have to keep track of 100s of lenders.
Where do you see gaps?
See my second point.
Meridian has this covered. At the mom and pop level they will lie to get a deal off the street and retrade. It works...for them.
In the Mom and Pop you need even more to be rate targeted. They have 100s of brokers a week calling and saying we can get you 3.50% for 10-year fixed. Even Eastern Union has capped fees at like 150k. Also, the smaller deals are such hard work. You grind for what 50-80 bps on a 1-5 million loan? The industry is hyper competitive.
I'm in debt and equity brokerage. This is an extremely well covered field with PLENTY of very hungry people out there chasing business.
Frankly, you sound like a moron when you're LESS THAN A MONTH in the business and make the prospect of starting your own firm and making it rain like some easy ass task anyone can do. You'd sound like a moron making comments in ANY business. You need to spend more time keeping your head down and working boss.
No aggression, just stating facts.
Anyone above the age of 25 would read the above and come to the same inescapable conclusion I did. I have no clue whether you're a moron or a genius; I told you how you came off based on the objectively silly post you made.
Ignore the idiot(s) telling you that you can never do your own thing. People that are afraid to take risks and feel they need experience first are usually not very successful.
I've been in hyper competitive markets and made really good money before doing it - the key is NOT chasing every deal and being niche.
You need to start by focusing on a tiny segment. What that segment is, only you can decide.
Good luck.
Look up US Hotel Advisors. It’s two guys that branched off on their own and started a hotel loan brokerage. Niche space as m_1 said. I originally cold emailed the founder when I was looking for a new job. Ended up having a call with the guy and while he didn’t need any junior staff, he answered my email and agreed to a call. I would send him an email or call him to ask/talk about his story.
I'm interested in this topic, but its tough to follow now that all of OPs comments have been deleted. Any way to restore them?
Ask @God Emperor Doom"
Sunt quia quidem culpa nihil explicabo facere hic reiciendis. Maiores animi possimus quia nobis necessitatibus sit reiciendis molestiae.
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