All Forum Posts by: William Tong

I posted this here as opposed to Marketplace because we're interested in teaching people starting out who want hands on experience with real estate.

Background

I am the lead broker for a residential real estate brokerage in the San Gabriel Valley. My business partner is the lead broker for a commercial brokerage in Beverly Hills. We're working to combine our brokerages and expand into property management, financing, and REITs. Even within divisions, there will be subdivisions: e.g., residential will be split into 1) luxury / resort / second home properties where clients have their inspections / disclosures / reports paid for out of the agent's commission, 2) international (bi/multi lingual a plus), 3) downgrading or upgrading a current home, 4) overseeing a sale for a reduced commission based on the work the client does him/herself, 5) etc.. Currently we're looking for apprentices to groom to head these divisions and to work with us.

Internship / Apprenticeship

Currently, the internships are 2-week intervals. As real estate is a 100% commission job, your internship will also be based on your performance. Currently we are working on a $15 million commercial deal in the San Gabriel Valley and a number of $500,000-$1,700,000 residential deals. Assuming things work well during our time together, both lead brokers will be happy to give you recommendations. You will learn from us, so learn as much as you can while you can. At the end of your internship you will not be guaranteed a job or pay. Hopefully we all work well together and bring you in with us.

Requirements

Our ideal candidate is energetic, proactive, smart, and ambitious. You will need a mode of transportation. Familiarity with technology and Excel is a plus. We have room for shy and outgoing people. No gender preferences. No age restrictions. No experience necessary, but you should have a strong curiosity / interest in real estate. Real estate license preferred, but not required. If you have potential, we will get you licensed.

Apply

Please email your resume / CV and a self-introduction with why you want to work with us(1 page double spaced) to [REMOVED] . If you are comfortable sending a facebook / linkedin link then include it. Include anything else you feel is important. We will be running background checks on applicants in the later rounds. Please disclose all pertinent information and material facts.

Clients are doing a 1031 exchange. We're looking for any commercial properties in Los Angeles County: Pasadena, South Pasadena, San Marino, Arcadia, Temple City, Alhambra, Rosemead, San Gabriel, Sierra Madre, Rowland Heights, Hacienda Heights, Chino Hills, Diamond Bar, and that area with a 5%+ cap rate. The areas need to be doing well economically so that the land alone can be sold for a profit later on. Please no multi-family 4+ units or properties that would require specialized knowledge to own like restaurants, auto work plazas, etc. We are open to office, retail, industrial, and mix. Ideally, units will be 100% occupied with long term leases. Properties that need/have property management companies need to have a 5-10% NET CAP. Clients are interested in safe investments only please. Ideally the properties will be between $0.5-$1.5 million, but we are open to great deals. Thank you.