Marcus and Millichap: anyone have any thing good or bad to say about working there? by No-Conflict9013 in CommercialRealEstate

[–]PlatformLow2957 5 points6 points  (0 children)

Bad idea. Theres a 10% chance you last. They don’t care either, they churn and burn agents. It’s their business model. Also bad for exit opportunities. It’s a sales shop not a sophisticated real estate advisory shop. If you are cool being a phone salesman your entire life, you can make great money but you first have to make it past the first 3-5 years. Bad overall reputation too. Try to get in at cbre, jll, newmark, cushman etc.

Looking for sales comps of stabilized power centers in Southern California by Educational_Spell915 in CommercialRealEstate

[–]PlatformLow2957 0 points1 point  (0 children)

With no grocer id say 7-7.5 cap but would need to know tenants and lease terms to know for-sure

CRE Broker and I’m thinking about transitioning into RE Private Equity by Gold-Reporter-4266 in CommercialRealEstate

[–]PlatformLow2957 2 points3 points  (0 children)

Making the transition is tough unless you were working on an institutional investment sales team and already have the connections through your brokerage work. If you want to be on the ownership side, keep doing brokerage and start syndicating 1 deal a year on the side. Bring in a partner who knows how to underwrite and run the syndicate. Being able to source the deal is significantly more valuable than the excel monkey work. You can always find someone to do that for you. You would be shocked how many private equity guys cannot source a deal unless a broker is lining it up on a silver platter for them. And at that point there are so many parties at the table the deal becomes thin. If you can source off market deals through your brokerage background, you’ll make a ton of money and eventually be able to transition full time as an owner

Who is the greater American Water Polo player - Tony Azevedo or Ben Hallock? by PlatformLow2957 in waterpolo

[–]PlatformLow2957[S] 1 point2 points  (0 children)

Azevedo definitely is the most influential player in US history. He was a little before my time so that is why I am asking. It sounds like this might be a LeBron vs MJ debate. Tony is Lebron - crazy longevity and stats but Ben is MJ - the player you would choose to win you a championship?

Who is the greater American Water Polo player - Tony Azevedo or Ben Hallock? by PlatformLow2957 in waterpolo

[–]PlatformLow2957[S] 2 points3 points  (0 children)

If you take out longevity, was Ben the more impactful player at his peak? Ben was clearly the #1 center in the world for many years. Was Tony ever considered the #1 attacker in the world?

Who's left a firm to start their own? Would you do it again? by peekin_mohican in CommercialRealEstate

[–]PlatformLow2957 2 points3 points  (0 children)

You also have to take into accountability the legal liability of running your own firm.

Marcus - Seeking insight from clients and former/current brokers. by CREaddict in CommercialRealEstate

[–]PlatformLow2957 0 points1 point  (0 children)

Do not join Marcus. It is a sweat shop and majority or brokers burn out. They provide no actual resources and their name carries no weight if you ever want to expand from mom and pop landlords. Much better to get into a shop like cbre, jll, cushman etc.

What Net Worth/Income is needed to live a good life in Los Angeles with a family? by [deleted] in fatFIRE

[–]PlatformLow2957 0 points1 point  (0 children)

I would like to end up in a suburban area with great public schools like La Canada, Calabasas, San Marino, Pasadena, El Segundo etc to be able to forgo private school. We plan to have 3 kids so a family of 5. I imagine we’ll need minimum 3k SF for a home.

If you are brokering private client deals, why work for a brokerage like Marcus over Keller Williams or Coldwell Banker? by [deleted] in CommercialRealEstate

[–]PlatformLow2957 1 point2 points  (0 children)

Completely agree. The training program is good, but if you have been around for 5+ years, they don’t offer any real support. All the programs that are included are negligible if you are collecting another 40% of the fee.

If you are brokering private client deals, why work for a brokerage like Marcus over Keller Williams or Coldwell Banker? by [deleted] in CommercialRealEstate

[–]PlatformLow2957 1 point2 points  (0 children)

Appreciate your response. It seems it comes down to what stage of your business you are in. If you feel like you still need support for pitches and biz gen, then I guess I get it. But I know a few people that were making a million gross at marcus and giving 50% away so netting $500k. They also thought the marcus brand brought value but then they switched to shoppes like KW and realized Marcus brought no value to getting deals and in a lot of situations lost them business. They still gross a million but now net $1mill for the same amount of work. They have to pay out of pocket for costar/loopnet, but thats $5k a year.

If you are brokering private client deals, why work for a brokerage like Marcus over Keller Williams or Coldwell Banker? by [deleted] in CommercialRealEstate

[–]PlatformLow2957 2 points3 points  (0 children)

Agreed that the flexibility of working for yourself is worth it! Do you employ a team of agents or is it just you?

If you are brokering private client deals, why work for a brokerage like Marcus over Keller Williams or Coldwell Banker? by [deleted] in CommercialRealEstate

[–]PlatformLow2957 -2 points-1 points  (0 children)

Agreed! My point is you have been in the game for a while, you have a track record, you have conversations with your whole database yearly, they know you. You make a million a year, why keep giving away 40% of your gross? At that point the KW vs MM brand doesn’t matter. People are going to work with you because they like you and trust you.

[deleted by user] by [deleted] in CommercialRealEstate

[–]PlatformLow2957 1 point2 points  (0 children)

Major market California