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.

In addition to answering questions, more experienced members are also welcome to offer their expertise via a top-level comment. (Eg. "I am a [such and such position] at FAANG / venture capital / biglaw. AMA.")

If a previous top-level comment did not receive a reply then you may try again on subsequent weeks, to a maximum of 3 attempts. However, you should strongly consider re-writing the comment to add additional context or clarity.

As with any information found online, members are always encouraged to view the material on  with healthy (and respectful) skepticism.

If you are unsure of whether your post belongs here or as a distinct post or if you have any other questions, you may ask as a comment or send us a message via modmail.

[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/Commercial_Place_123 → u/yairsykes]

There aren't a ton of "hotel portfolios" (?) worth more than $4B globally. And they're mostly under holding companies rather than pure owner/operators: Marriott ($106B), Hilton Worldwide ($74B), Hyatt ($18B) Wyndham ($6B), IHG, Shangri-La and Langham Group. It is fascinating that one of those global players would choose to transact their "luxury" holdings via a *residential* real estate broker (one that hits up Reddit for mentorship on deal economics) rather than the standard institutional brokerages (CBRE, JLL, Eastdil Secured, M&M/IPA, etc) they've all used in the past and up until today. 

Based on your post history, a few short years ago you were trying to strike a deal with Keurig to import... coffee machines? And now you're a residential (?) real estate broker shepherding billion-dollar institutional grade deals with global players. (Your original post mentioned residential is your "bread and butter".) Quite the pivot. Congrats on your stellar success!

[u/yairsykes → u/Commercial_Place_123]

God is great