Invest multi family, join commercial broker?

[Tou Fang]

I would like to invest in multi family. Just passed my real estate exams. What are the pros and cons of joining a commercial broker vs residential broker?

[Greg Dickerson]

@Tou Fang  it all depends on your goals.  

If you want to get into commercial and multi family investing then you should join a commercial brokerage. There is a lot of opportunities in the commercial brokerage side. You need to educate yourself on the market and diferent types and classes of commercial RE. You need to become an expert to make real money in CRE. The deals are bigger but they can take longer as well but you can easily carve some niches and generate commissions very quickly if you work hard and learn fast.

Residential is a tough game. Lots of competition and you really need to be prepared to work a lot of hours to make real money. If you. Ave money you can easily buy business through marketing and ramp  up quickly but you need to pick  a market and master it then saturate it with your marketing. If you do it right you can make a lot of money the first year but you have to know what you’re doing and be willing to hustle.