May 01
The other day a fight commercial mortgage broker wrote to me and begged me for advice. He was not the closure of one thing, and he was scared to death. This is what I told him:
- Now stick exclusively to small business loans permanent. I do not work at just over $ 3 million unless you have a special relationship with the borrower (former client). Small business loans are those that close and feed his family.
- Do not waste time working on large Commercial mortgage loan. Large loans not just close.
- Do not waste precious time working on the construction loan. The world has a lot more homes and commercial buildings at the moment.
- Never waste a minute on international loans. We never close. Ever. Ever!
- Read my blog every day for suggestions.
- Create a database of reference sources and send a periodic newsletter.
- While it is not written in newsletters, subscribe to the newsletter of my service.
- Learn how to create your loan packages using PDF’s.
- Start driving the purchase of commercial mortgage Loan.
- Get the signing of an agreement for payment on each front.
- Do not waste valuable time marketing job offers with a low probability of closing.
- Maintain 15 to 18 loans in process at all times. You only about 30%.
- Only work with commercial mortgage loan officers b.
- Becoming friends with key officials of commercial mortgage loan to various banks.
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http://www.articlesbase.com/mortgage-articles/advice-for-commercial-mortgage-brokers-676025.html
May 1st, 2010 at 3:24 pm
Commercial Real Estate as a career….advice please!?
Located in Florida now.
After hours of reading, it seems the more certifications/licenses you have the better (as opposed to working your way up)
Step 1 is attaining the following:
- Florida Real Estate License
- Florida Real Estate Appraisal License
- Florida Real Estate Brokers License (Don’t really see the point of this one)
- CCIM Designation
- (someone even mentioned a mortgage brokers license)
And obviously in between read as much as I can on the field.
After attaining these licenses, do I simply apply to work for a company?
Should I try to get a job as soon as I get my basic license and get the others on the side over time, or is it best to get ALL of them ASAP and hit the ground running?
Any advice here? I really want to make this happen, but it’s a bit cloudy at this point and I would really appreciate some help.
May 1st, 2010 at 8:26 pm
Talk to someone who is a broker, and ask them to advise you how to proceed. Then, go back and do the "proper" research.
References :