My Experience As A Commercial Real Estate Broker
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+86 | Those Of You Who Have Made It To Millionaire Status, What Advice Do You Have? | 32 | 9h | |
+58 | Etiquette for Giving Notice | 18 | 18h | |
+49 | Family Office Exit Ops | 15 | 11h | |
+47 | NYU SPS MSRE Reputation (and others) | 16 | 7h | |
+42 | Asset management salary in NYC seems god awful | 22 | 2d | |
+30 | Contemplating job opportunity | 8 | 16h | |
+23 | Assessing / Analyzing Office RE | 1 | 12h | |
+20 | Have few weeks to get ready for RE interview with zero relevant experience | 5 | 1d | |
+20 | Palatine Partners | 4 | 1d | |
+20 | Pref/Mezz for LIHTC | 18 | 2d |
Career Resources
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When you start any venture it's hard to build rapport with firms that don't know you.
At the beginning I solicited hard by setting up meetings, this was how I started.
Nicely done troll
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warm regards.
What were the hours like?
Hours were long since I was also a student part time.
So including work + schooling, I was busy from 8am - 7pm
So did you have your US real estate license in every state?
This is such blatant bullshit. Assuming you did start a firm where you somehow had 40 percent ownership at age 23 and you guys did close 2.6 b in. 4.5 years (anyone can tell that’s obvious horseshit btw) no one would have bought you and then let you walk away since you would have been integral in maintaining those figures. Brokerage businesses are all about the personnel.
Think that part of the story through before you essentially word masturbate to us. Can a mod delete this? Thanks
Gotta love it though - they all wanted to walk away from the brokerage...so they sold it....when brokerages are all based on relationships and of course, the buyer didn't put a firm commitment on staying post acquisition. I love anonymous posting.
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How did you convince someone of a 2% fee on $250mm??
Also what was the firms name? Pretty insane that you would be able to sell it and then step away from the business.
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I me also develop company worth 105B by age 16 and sold and was permit to walk away with 500Mm. I am forbes top 100list
warm sincerity regards,
Why take the time out of your day to even write this? Find something better to do.
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Are you also a Nigerian prince who is heir to a multi million dollar oil trust that requires my bank account info as a safe harbor for the money?
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Buddy, PE firms don't buy small brokerages, especially at 12X EBITDA multiples. Brokerages trade between 1-3X EBITDA. If this was legit you would have shared the name of your firm in your original Post.
P.S I am an astronaut who brokered the first mezz loan from space. My client was even nice enough to pay me an extra 25 BPS to cover the cost of my sat phone.
Generally speaking, this is correct.
I've interned at a smaller PE fund and heard of such insane valuations being asked by many family owned businesses.
Seen a few deals happen this way too.
Seems plausible.
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This does seem to be one of those one-off home-runs I've heard about and tbh its an amazing accomplishment.
Thank you for sharing!
Joker's Advocate/mancPE is obviously the same person....No one else in this thread or generally speaking separates out their sentences paragraph by paragraph.
It's an obvious tell that you are foreign / english isn't your native tongue (nothing wrong w that of course). Going off of some of the post history in Joker's Advocate you seem to be a Chinese person studying in Canada who was looking to break into brokerage as of 3 months ago. Looks like that hasn't been going too well and you decided to write this lengthy fan fiction instead...?
LOL what exactly is the point of this thread?
LMAO Bruh why you lumping me into this!
Don't associate me with this dude! I was trying to nice guys!
Lmao this guy is ridiculous, anyone who actually works in Brockerage knows this is crock shit. GTFO with that fake ass form. You were not doing institutional size deals and there is no way you had the personnel or support to do so.
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