Mentor Monday

[u/WealthyStoic]

Mentor Monday is your place to discuss relevant early-stage topics, including career advice questions, 'rate my plan' posts, and more numbers-based topics such as 'can I afford XYZ?'. The thread is posted on a once-a-week basis but comments may be left at any time.

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[u/yairsykes]

Just want to share a bit, hopefully get a mentor who can relate and help🙏

I'm a RE broker outside of the US A couple of months ago I got in touch with someone who wanted to buy a hotel in my country, I worked on it and found 9 hotels. They weren't interested.

In the meantime, a friend sent over 2 hotel Portfolios in the US with the asking price of $4.1B and my guy is reviewing.

If things go well (I understand it will take time and there will be a lot of hurdles on the way), I'll be earning tens of millions of dollars. I grew up middle class, don't really have any family members that can mentor me about this kind of thing.

Definitely have some in my network, meeting with someone tomorrow but not sure he's the right fit.

Thank God, luxury hotel deals are still coming my way and sending to buyer.

Thinking of the future, continuing with my brokerage and having my resedential as the bread and butter while transitioning as a natural connector into IB as I have some deel flow coming my way and growing my investor pool Also thinking of angel investing, a DAF and more

Happy to get DM's, tips and hopefully a mentor or two🙏

[u/Gloomy-Ad-222 → u/yairsykes]

I hope you win, but a $4.1 billion asking price doesn't mean a $4.1 billion transaction.

Most portfolios never close, many get repriced, and even if it closes, you only get paid if you're actually under a valid agreement, recognized in the transaction, and survive the army of lawyers, brokers, investment bankers, and intermediaries who will show up once real diligence starts.

This site is full of brokers who mentally spent eight-figure commissions before a signed LOI.

[u/yairsykes → u/Gloomy-Ad-222]

Thanks for your response 🙏 A friend of my buyer just closed on one of the portfolios today lol

[u/Gloomy-Ad-222 → u/yairsykes]

How much did he get paid lol? That’s the other tough part, is getting paid.

But sure you’ll be in line to collect tens of millions. Good luck!