All Forum Posts by: Raymond Chan

Hey every one. I was just wondering how profitable real estate syndications are. Also how much money is pooled in a syndication? I know it depends but let's hypothetically say for the NYC Market (a range)

Is this Scion named Steve Witkoff by any chance? First name that popped up in my head b/c i'm in Commercial Real Estate in the City. Must be quite talented because his group is quite selective.

@Mark Scarola A pretty wealthy University in NYC (Don't want to disclose specifically). He was a VP in a specific Bulge Bracket Bank in the Real Estate division. Also another person, ironically, was working at a REIT.

I totally agree. I actually don't know how much analysis investors/realtors/better wholesalers do, but I'm sure it is not an easy task as no field is easy. 

I know from my job experience that financial analysis is not easy at all (still learning actually.) There are so many factors and inputs to account for. (Operating Income, Operating Expenses which have a list of expenses such as repairs, utilities, insurance, supplies, etc) , Levered/Unlevered IRR, NPV, Tax Expenses, After tax Cash flows, Cash-on-Cash return, etc. That's merely just the financial analysis portion; you have to take into account of the other factors as well such as location, etc. It's easy to know the definition, but application and understanding the purpose for each one is no easy task. I just want to learn as much as possible so that I can have a niche specialization in finance.

Hey everyone. I noticed there seemed to be a negative connotation for Flipper/wholesalers and RE agents in the field of finance specifically. I'm currently a freshman at Uni, and a lot of professionals I've spoken to have said that people who have a degree should strive to be in the RE finance field of real estate (PE, REDEV, Investments, etc.) They seem to underlook wholesalers/flippers and agents. I think this is because of several reasons. The first reason is how in RE finance, there is a larger barrier of entry. a couple of months ago (18 y.o), I got my Notary and RE license quite easily so the barrier of entry is extremely minimal. I also think that because the barrier of entry is so minimal, there is a disparity of competence between these fields. 

Another reason would be because of the hierarchy. It seems as if agents and flippers are at the bottom of the totem pole with developers, large institutions, and commercial/investment companies at the top. Generally for an agent and wholesaler, the profit potential is ,on average, less. Of course you have the outliers too, but there are only a handful.
 

I was wondering specifically if anyone feels that there is a negative connotation in this field and their thoughts on this topic as well.

Thank you. 

I've already gotten rejected by 3 big companies (KW, citi habitats and ably realty) in manhattan because I could only work part time which was the huge deal breaker. I'm interested in working in mid upper west manhattan.

Hey every one, so I am currently an extremely ambitious real estate agent looking for a part time job as an agent in manhattan (preferably) or queens. Despite the fact that I'm 18, I have real estate and finance experience under my belt. I am a hard worker and professional in the work scene. Some credentials to boost my credibility: -Bloomberg certified in market concepts -certified public notary -lifeguard -co-founder+VP of stock market club of a specialized high school -CEO and founder of TheConciseSlice

Hi @Deborah Pyburn ! I would be extremely grateful if we could chat over your experience in Keller Williams, and I have a couple of questions regarding Keller Williams and Real Estate as well. If you're still free and willing to answer a few questions or if you would want to call me, I can private message you my phone number or e-mail.

Thank you so much! I read a quarter of the books, and am considering to read a few more on that list. :)!

Hey guys, so I am currently looking for a real estate company with phenomenal training in which some one can take me under their wing. I plan to work part time in manhattan and possibly queens too because I am a full time student. (I know it's difficult to obtain a part time job in manhattan because I got rejected by a few firms since they wanted full time agents. Therefore, please include companies that accept part time agents.)

I've gone through a couple of real estate investment books. But what other real estate books should I read (not exclusive to investment) that you thoroughly enjoyed?