St. Petersburg, FL · Member since 2016 · 60 posts · 7 votes
I am looking to get into either commercial real estate or commercial real estate financing / mortgages. What I like about commercial real estate is that it appears to be more of an overall learning experience rather than mostly financial as with CRE financing. In CRE I see myself more as a hunter finding properties for investors, almost as if I am an investor myself. One of the reasons I am considering CRE financing is because it seems that CRE is largely listings based, meaning, it seems like most brokers want agents to focus on listings, and like I said, it is much more natural for me to be a buyers agent. I'd be beginning in the Denver / Boulder market. Any input on what to expect in each field would be appreciated. Thank you!
@Glenn Gayet I think that it's great that you have somewhat of an idea of an area you want to start. Are you currently in Denver? If not, don't let that stop you. Start doing your research and educating yourself about those markets. Network as much as possible on BP and really get the ball moving in the right direction. If you're already in Denver, even better:) Go to meet ups, network and add as much value as possible to other people.
If you do that, I think you will do just fine and find the right CRE path for yourself.
@Matthew Baltzell thanks for the response Matt. I’ll be moving to Denver in October. I am just spending the remaining months in NJ stacking the cash and my plan would be to wait tables nights and weekends and do commercial real estate during the day. One thing I do plan on doing is mapping out the rents across the Denver and Boulder areas to context the markets. Grant Cardone has also said you need to know basically every block. So I might as well start now. I’ll be moving with my friend from Chicago and I played hockey with a few friends from the Denver / Boulder areas as well.
To be honest and this might be silly, but my only real concern is that since the Server minimum wage in Colorado is over $7 that it might be a little harder to get a server job there than in NJ. I mean what other job can you work nights and weekends and pair with CRE? Basically not any other job, really.
@Glenn Gayet I think it comes down to what you'd enjoy doing the most? Read about both professions, interview people in such professions already about their daily lives and then decide for yourself which one is more suitable for your personality. Cause, if you enjoy doing it you'll excel a lot faster!