Thanks to Donald Trump and his calculated use of media, it is no secret that people can make a lot of money in real estate. With an ever-increasing global economy, space is needed to house new businesses and these businesses’ employees. However, it does not suffice to simply build something. In commercial real estate, it must have functionality, efficiency, and be wrapped into a nice, aesthetically-pleasing package that was ideally designed by a top architectural firm. In the case of residential real estate, it is important to have a broker that doesn’t just understand what your basic needs and desires are in a home. The broker needs to understand and maybe even live your lifestyle in order to help you find or sell your dream home.
Commercial real estate is often the most lucrative since it consists of building office towers, shopping malls, apartment complexes, and hotels; all properties that will continue to generate revenue through leasing. This is exactly how billionaires such as Donald Trump, Richard Lefrak, and Leonard Stern made their money. Trump primarily handled apartment complexes and hotels; Lefrak dabbled in commercial, residential, and retail properties; and Stern focused mostly on industrial complexes. However, residential real estate can also be extremely lucrative if your clients consist of very high net worth individuals, or if you happen to be the president of your very own real estate brokerage firm.
Then there is another side to real estate, the side that perhaps requires the most innovation and where it may be an advantage to be on the younger side. This is technology, where many facets of real estate are being brought to the online world in ways previously unimagined.
The people featured in this list do all of those things. They work in commercial or residential real estate as associates, brokers, CEOs, and even presidents. They all have incomes and revenues that can be measured in the millions. And they are all younger than 30 years of age.
Here are some of the top people in real estate who are under the age of 30.
10 Sha Hwang, 29 | Design Technologist, Movity/Trulia
9 Brad Hardie, 29 | President, Regency Property Management
8 Blair Brandt, 26 | CEO, The Next Step Realty
7 Alex Hodara, 26 | Owner, Hodara Real Estate Group
6 Ryan Serhant, 27 | Associate Real Estate Broker, Nest Seekers International
5 Josh Flagg, 28 | Real Estate Agent
4 Austin Allison, 29 | CEO, Dotloop
3 Brian O’Neill, Jr., 27| Senior Project Manager, O’Neill Properties Group
2 Jared Seligman, 28 |Associate Broker, Douglas Elliman
1 Oren Alexander and Tal Alexander, 26 and 27 | Real Estate Agents, Douglas Elliman
Other residential real estate agents who have made it big are Oren and Tal Alexander, also known as the Alexander Team. Like Josh Flagg, the Alexander family was also involved in real estate and so they grew up with that influence, but decided to put their own twist on it. Rather than developing upscale custom-built homes like their father in Miami Beach, they decided to become real estate agents for the super rich. The thing that’s getting them attention right now? The sale of a $100 million townhouse in New York. The deal is expected to close in April and when it does, it will be the most expensive townhouse ever sold in NYC. No wonder their moniker is the “A Team”.
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