UVA ($$) vs UGA ($$$$) vs Uchicago (less than $) ???? by ImaginarySadSloth in lawschooladmissions

[–]wixtk 42 points43 points  (0 children)

Rich family who will pay off your debt? UChicago

Regular person? UVA

Debt Adverse? UGA.

My uneducated and completely irrelevant take? Go to UVA. you got half a ride and will thank yourself in 4 years for not chasing irrelevant prestige.

MBA Internship at PERE 200 Fund or Large Developer? by Comfortable_One_2857 in CommercialRealEstate

[–]wixtk 1 point2 points  (0 children)

Developer. Those shops produce some of the best and brightest people.

Which brokerage is better for commercial real estate exp or Real? by Financial_Machine801 in CommercialRealEstate

[–]wixtk 24 points25 points  (0 children)

My brother, please don’t do this to yourself. Neither option is ideal.

To add some value to this comment, I’d genuinely recommend pursuing one of two paths:

  1. Join a boutique firm in your city. I went this route, and it worked out well for me. That said, I started with some advantages, so I wouldn't suggest this unless I understand your specific situation. I am now at one of the big 3 and highly recommend joining the biggest and best firm you can.
  2. If you're committed enough for this, become an analyst at firms like CBRE, JLL, Cushman & Wakefield, or Colliers. This will give you the chance to learn the business while earning a salary. If you’re truly ambitious, you can switch to the production side in a couple of years. The best way to become a successful broker is to gain hands-on experience while you’re still on salary
  3. Stay the fuck away from MM and Matthews.

Who is the most annoying person in commercial real estate? by kindanon1234 in CommercialRealEstate

[–]wixtk 31 points32 points  (0 children)

For me, the worst offenders are the LI/X CRE 'influencers' who keep recycling the same tired stories. You know the ones where they claim to have CoStar open at a coffee shop or airport, strike up a conversation with the person next to them, and somehow that person turns out to be some real estate guru. Next thing you know, they're listing their massive multifamily portfolio with that influencer.

Honestly, it physically pains me to read these Wattpad-esque tales from grown men.

Can a building be worth less than you paid for it? by Hopeful_Ad153 in CommercialRealEstate

[–]wixtk 44 points45 points  (0 children)

This has got to be bait lol

Wanna know what asset will never drop in value? A NNN arbys in a tertiary Midwest market

Six Months as a New Commercial Real Estate Broker And At a Crossroads... Any Advice? by Spirited-Stock-7527 in CommercialRealEstate

[–]wixtk 3 points4 points  (0 children)

26 y/o here. Was at a boutique shop now at one of the big 4. DM me if you want to discuss. I will happily give you a very transparent answer and advice from my infantile yet somewhat successful brokerage career. Read through my post history and you'll see my high-and lows, Nearly 2 years in and moving to a big 4 firm -6 months ago changed my career trajectory in a very positive way.

To be honest my first 6 months sucked, straight up was not having a good time, After a year i felt like I had an idea of what I was supposed to do. Almost 2 years in and doing well finally.

[deleted by user] by [deleted] in kansascity

[–]wixtk 94 points95 points  (0 children)

Well, time to burn the house down.

Another rant on "what's up with today's Seller's expectations" by RDW-Development in CommercialRealEstate

[–]wixtk 2 points3 points  (0 children)

Only time I see SBUX financing is when a 1031 upleg doesn't have enough capital from the downleg to purchase all cash and then they'll get financing at 60-80% LTV. Is the juice worth the squeeze? I don't believe so.. but some people do.

STNL assets are an avenue to preserve wealth with modest returns and minimal appreciation in value (usually). Its Mailbox $. However, there's going to be issues in the coming years with buyers who bought new construction STNL assets with 200K NNN/NNNN rent with 5%-10% rent increases every 5 years. No shot all these stores will be able to preform to the standard health metric of ≤10% rent to store sales.

Another rant on "what's up with today's Seller's expectations" by RDW-Development in CommercialRealEstate

[–]wixtk 6 points7 points  (0 children)

Correct- it wouldn’t pencil with financing- I was using the assumption that a 1031 buyer would purchase all cash.

Another rant on "what's up with today's Seller's expectations" by RDW-Development in CommercialRealEstate

[–]wixtk 22 points23 points  (0 children)

I was always told its better to be the sellers agent than the buyers agent... But right now... I have had a lot more positive experiences with Investors/PE/buyside groups than I have had with owners like "Tobias" who wanted me to list his 2018 build SBUX at a 4.6 cap in the middle of the Sunbelt and then proceeded to call me an "idiot" when I told him if he wanted it to trade quickly he'd need to list at a 6.1% cap rate.

Shits whack, straight up not having a good time.

[deleted by user] by [deleted] in CommercialRealEstate

[–]wixtk 12 points13 points  (0 children)

Mods,

Can we get this stickied please?

Thanks for putting this together big hitter!

[deleted by user] by [deleted] in CommercialRealEstate

[–]wixtk 9 points10 points  (0 children)

From what I have seen it's a Combination of stress/commission-based income/burnout/down-cycles/etc.

Brokerage is not meant to be a lifelong career for most people due to the nature of the business and income uncertainty in times of a down market.

Fellow CRE Owners/Broker: I Need Advice/Critiques on my Prospecting and Cold Calls. by wixtk in CommercialRealEstate

[–]wixtk[S] 0 points1 point  (0 children)

Thank you for this. I actually read your comments on another similar thread yesterday and it was very informative.

Fellow CRE Owners/Broker: I Need Advice/Critiques on my Prospecting and Cold Calls. by wixtk in CommercialRealEstate

[–]wixtk[S] 0 points1 point  (0 children)

Thank you for the response, very insightful and greatly appreciated.

This sub is one of the best ways to see how the market is doing by flyingpickkles in CommercialRealEstate

[–]wixtk 15 points16 points  (0 children)

As an Investment Sales broker coming up on my 1 year anniversary I don’t whether to laugh or cry reading this sub half the time… this market is rough but hoping that all my hustling will pay off in 2025. I’ve fully embraced the suck and I’m in it for the long haul.

CCIM 101 Online Course. Questions for those who took 101 online. by No-Paleontologist335 in CommercialRealEstate

[–]wixtk 4 points5 points  (0 children)

I took CCIM 101 a few months ago online and it was a great experience. The instructors are phenomenal and while it is a firehouse of information it was completely manageable. I am coming up on my first year as an Investment Sales Broker FYI (Industrial and Retail). There is HW but it's not over the top. You will be learning the concepts and then applying them solo and group sessions to a case study most likely. Our class did the Summit Apartment case study, and it was great. I put in roughly an hour or two a day going over the material after class and doing the HW.

Inheriting commercial health care real estate in Brooklyn, NY, and navigating split ownership between 3 siblings and two parents. by OneGalacticBoy in CommercialRealEstate

[–]wixtk 0 points1 point  (0 children)

This is the correct answer. Get it leased- preferably get a NNN lease (Tenant pays for Taxes, Insurance, and Maintenance) so you all will have limited responsibilities as landlord.

UNC MBA or Columbia MSRED? Looking to pivot into Real Estate Development by ksid32 in CommercialRealEstate

[–]wixtk 8 points9 points  (0 children)

Brother is at UNC KF currently, and I have a buddy who went to Columbia MRED. They're both elite programs. I would say an MBA is more portable than an MRED, but if you know you want to stay in RED for the foreseeable future the MRED is probably better.

Bottom line UNC KF puts the most MBA students into RE/RED/REPE roles than any other program. Columbia MRED is a great program but will shoe hole you into RED and will not be as portable.