‘Million Dollar Listing’ star Ryan Serhant: The best piece of investing advice I ever got

Real estate broker Ryan Serhant, star of the Bravo series “Million Dollar Listing” and “Sell It Like Serhant,” knows a thing or two about money — he spends his time selling high-end real estate to some of the richest people in the world, after all. Serhant’s investing advice: ‘Invest in things you know’The best piece of investment advice I was ever given was to invest in things you know. And that includes investing in technology, investing in people who are inventors and creating things — both p


Real estate broker Ryan Serhant, star of the Bravo series “Million Dollar Listing” and “Sell It Like Serhant,” knows a thing or two about money — he spends his time selling high-end real estate to some of the richest people in the world, after all. Serhant’s investing advice: ‘Invest in things you know’The best piece of investment advice I was ever given was to invest in things you know. And that includes investing in technology, investing in people who are inventors and creating things — both p
‘Million Dollar Listing’ star Ryan Serhant: The best piece of investing advice I ever got Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: sam becker, anna-louise jackson
Keywords: news, cnbc, companies, star, investing, advice, listing, serhant, piece, dollar, invest, youre, million, best, real, things, ryan, really, estate, actually, going


'Million Dollar Listing' star Ryan Serhant: The best piece of investing advice I ever got

Real estate broker Ryan Serhant, star of the Bravo series “Million Dollar Listing” and “Sell It Like Serhant,” knows a thing or two about money — he spends his time selling high-end real estate to some of the richest people in the world, after all. But when it comes to his own money, he’s fairly conservative. He saves a lot, and he knows the value of a dollar. When it comes to investing, he sticks to a pretty simple strategy: Invest in what you know. Serhant recently sat down with the Grow team to discuss the most valuable investing advice he’s received, how he learned about money at a young age, and more. Here is his story, as told to senior reporter Sam Becker.

Serhant’s investing advice: ‘Invest in things you know’

The best piece of investment advice I was ever given was to invest in things you know. Things you use. Things you could see yourself using; things you actually like. Don’t invest in stuff that doesn’t interest you, because then you’re not going to follow up on it. You’re not going to be as active an investor. So, I invest in things or products that I enjoy, use, or think are really interesting. And that includes investing in technology, investing in people who are inventors and creating things — both physical products as well as software — [and] investing in real estate.

When it comes to real estate, I used to really think that to be a wise investor, you have to invest what you actually have to spend, so don’t spend more than you can afford. But I’ve found that to be incorrect. The best investments I’ve made are the ones that actually push me outside of my comfort level. Because you need to work more. You need to do more to actually get a return on this investment. And that’s worked really, really well for me.

‘The best investment I ever made’

The best investment I ever made: I invest in my business all the time. I invested in our YouTube vlog, and I think it’s funny because before I started the vlog on YouTube, everyone thought it was stupid and crazy. Including me. Actually, mostly me. I thought it was dumb. Just another form of social media. I was just sick and tired of it and I had no idea what it was going to do to our business. But it is a massive way of driving business and driving brand awareness. So, by investing the money that I did into the vlog, more people buy my book, more people buy the course, more people reach out to me to buy and sell homes.

Don’t invest in stuff that doesn’t interest you, because then you’re not going to follow up on it. You’re not going to be as active an investor. Ryan Serhant Real estate broker, author, and TV star

How being ‘broke’ led to his real estate career


Company: cnbc, Activity: cnbc, Date: 2019-10-09  Authors: sam becker, anna-louise jackson
Keywords: news, cnbc, companies, star, investing, advice, listing, serhant, piece, dollar, invest, youre, million, best, real, things, ryan, really, estate, actually, going


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‘Million Dollar Listing’ star Ryan Serhant: How I learned about money

Ryan Serhant visits Build Brunch to discuss “SELL IT LIKE SERHANT: How to Sell More, Earn more, and Become the Ultimate Sales Machine” at Build Studio on September 20, 2018, in New York City. Real estate broker Ryan Serhant, star of the Bravo series “Million Dollar Listing” and “Sell it Like Serhant,” sat down with Grow for the first installment of our new series in which we ask authors, TV personalities, CEOs, and more how they first learned about money. If we wanted money, we had to work for i


Ryan Serhant visits Build Brunch to discuss “SELL IT LIKE SERHANT: How to Sell More, Earn more, and Become the Ultimate Sales Machine” at Build Studio on September 20, 2018, in New York City. Real estate broker Ryan Serhant, star of the Bravo series “Million Dollar Listing” and “Sell it Like Serhant,” sat down with Grow for the first installment of our new series in which we ask authors, TV personalities, CEOs, and more how they first learned about money. If we wanted money, we had to work for i
‘Million Dollar Listing’ star Ryan Serhant: How I learned about money Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-04  Authors: sam becker, ivana pino, myelle lansat
Keywords: news, cnbc, companies, learned, serhant, dollar, million, star, wanted, thats, work, really, ryan, york, listing, money, sell, estate


'Million Dollar Listing' star Ryan Serhant: How I learned about money

Ryan Serhant visits Build Brunch to discuss “SELL IT LIKE SERHANT: How to Sell More, Earn more, and Become the Ultimate Sales Machine” at Build Studio on September 20, 2018, in New York City.

Real estate broker Ryan Serhant, star of the Bravo series “Million Dollar Listing” and “Sell it Like Serhant,” sat down with Grow for the first installment of our new series in which we ask authors, TV personalities, CEOs, and more how they first learned about money. Here is Serhant’s story, as told to senior reporter Sam Becker.

My work ethic: ‘If you work harder, you get more money’

My parents were smart with us. They taught us the value of the dollar and the value of hard work. I think that was the most important thing that they wanted us to understand. We never got money for free. It always had to come with some type of work. And it wasn’t just chores: It was manual labor, outside. It was shoveling for neighbors when it would snow, for example. If we wanted money, we had to work for it. That was instilled into my brain for as long as I can remember. My brothers and sisters all say the same thing. Our parents really, really, really pushed on us that if you want money you have to work for it, and if you work harder, you get more money. That’s it. It’s not that hard. That’s how you make it happen. Then with that money you can go and buy things that you want, or you can invest it or you can save it. You can do whatever you want.

If we wanted money, we had to work for it. That was instilled into my brain for as long as I can remember. Ryan Serhant Real estate broker, author, and TV star

My earning strategy: ‘Be yourself, know your stuff’

I distinctly remember what it was like to be in New York City in the summer of 2008 with no money. I had no idea how I was going to pay my rent come September 1. I had no idea how I was going to buy groceries. I had no idea what I was going to do. And that is a terrifying, sickening, awful feeling. If you’ve ever been that broke — anywhere, but especially in New York City where everything is really expensive — I feel for you. You know what I’m talking about. That is really what pushed me to get into real estate. I had a friend who said, “Listen, it doesn’t cost anything, just get your real estate license, go out there, and start advising people and showing people rental apartments. You don’t have to buy anything. You don’t have to do anything. All you have to do is be yourself, know your stuff, and people will pay you a fee for showing them apartments.” And that’s what I did. And it worked. I got my first rental commission and it was like $500. I was like, “Yes, 500 bucks! Awesome!” And my next one was $700 and then $1,000, and it grew slowly from there.

My savings secret: ‘I always have a massive, massive rainy day fund’


Company: cnbc, Activity: cnbc, Date: 2019-10-04  Authors: sam becker, ivana pino, myelle lansat
Keywords: news, cnbc, companies, learned, serhant, dollar, million, star, wanted, thats, work, really, ryan, york, listing, money, sell, estate


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‘Million Dollar Listing’ agent Ryan Serhant: Buyers are ‘freaking out’ about Amazon ditching NYC

“I remember doing deals at $600 a square foot in Long Island City in 2009. Serhant thinks Long Island City can still prosper without Amazon. “I’ve always loved Long Island City. Eric Benaim, CEO of the Long Island City-based brokerage Modern Spaces, agreed. “Long Island City has been an exciting and hot neighborhood for the past 10 years, and it will continue to be a hot and exciting neighborhood.”


“I remember doing deals at $600 a square foot in Long Island City in 2009. Serhant thinks Long Island City can still prosper without Amazon. “I’ve always loved Long Island City. Eric Benaim, CEO of the Long Island City-based brokerage Modern Spaces, agreed. “Long Island City has been an exciting and hot neighborhood for the past 10 years, and it will continue to be a hot and exciting neighborhood.”
‘Million Dollar Listing’ agent Ryan Serhant: Buyers are ‘freaking out’ about Amazon ditching NYC Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: matthew j belvedere, don emmert, afp, getty images, karlheinz irlmeier
Keywords: news, cnbc, companies, amazon, freaking, really, island, city, nyc, ditching, sold, think, million, listing, search, york, buyers, square, ryan, serhant, dollar, long


'Million Dollar Listing' agent Ryan Serhant: Buyers are 'freaking out' about Amazon ditching NYC

New York State Sen. Michael Gianaris, a Democrat whose district includes Long Island City, defended his opposition in a separate CNBC interview on Friday, saying, “when they [Amazon] come in and take over a community like that, the community dies.”

Gianaris, along with other New York politicians including liberal firebrand Rep. Alexandria Ocasio-Cortez, opposed the $3 billion in incentives the city promised to pay Amazon to seal the deal in November over the dozens and dozens of other localities which were in the running for the project.

“The Amazon ‘boom,’ as we can call it, happened too quickly. And no one was really able to understand the benefits that that many jobs to the area would have brought to the locals,” said Serhant, who started his career in Long Island City.

“I remember doing deals at $600 a square foot in Long Island City in 2009. And everyone was so angry about it. They’re never going to get their money back,” he said. “I just resold an apartment that I sold for $900,000 in 2009 in October, so before the Amazon announcement, for $1.8 million.”

Serhant thinks Long Island City can still prosper without Amazon. “I’ve always loved Long Island City. I think it’s a great place for real estate investment.” He said apartments there go for about $200 per square foot less than in Manhattan.

Eric Benaim, CEO of the Long Island City-based brokerage Modern Spaces, agreed. He called Amazon’s change of plans “a shame” and said that “of course” if the company had stayed “it was going to be better.”

However, “we are still doing deals. Nothing has changed,” he said on “Power Lunch.” “Long Island City has been an exciting and hot neighborhood for the past 10 years, and it will continue to be a hot and exciting neighborhood.”

The brokerage sold 300 pre-construction units in two weeks after Amazon announced it was coming to town, but no one has called yet to back out, Benaim said. Closings aren’t expected for another eight to 10 months. “We’ll just have to wait and see, but I don’t think any of those will really leave,” he added.

Amazon, which does not plan to search for a replacement location, said it plans to move forward with its planned second half of its East Coast headquarters in Northern Virginia. Meanwhile, Nashville, Tennessee, which had won a smaller investment in the monthslong HQ2 search, will also remain on track.

— CNBC’s Michelle Fox contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: matthew j belvedere, don emmert, afp, getty images, karlheinz irlmeier
Keywords: news, cnbc, companies, amazon, freaking, really, island, city, nyc, ditching, sold, think, million, listing, search, york, buyers, square, ryan, serhant, dollar, long


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‘Million Dollar Listing’ agent Ryan Serhant: Buyers are ‘freaking out’ about Amazon ditching NYC

“I remember doing deals at $600 a square foot in Long Island City in 2009. Serhant thinks Long Island City can still prosper without Amazon. “I’ve always loved Long Island City. Eric Benaim, CEO of the Long Island City-based brokerage Modern Spaces, agreed. “Long Island City has been an exciting and hot neighborhood for the past 10 years, and it will continue to be a hot and exciting neighborhood.”


“I remember doing deals at $600 a square foot in Long Island City in 2009. Serhant thinks Long Island City can still prosper without Amazon. “I’ve always loved Long Island City. Eric Benaim, CEO of the Long Island City-based brokerage Modern Spaces, agreed. “Long Island City has been an exciting and hot neighborhood for the past 10 years, and it will continue to be a hot and exciting neighborhood.”
‘Million Dollar Listing’ agent Ryan Serhant: Buyers are ‘freaking out’ about Amazon ditching NYC Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: matthew j belvedere, don emmert, afp, getty images, karlheinz irlmeier
Keywords: news, cnbc, companies, amazon, freaking, really, island, city, nyc, ditching, sold, think, million, listing, search, york, buyers, square, ryan, serhant, dollar, long


'Million Dollar Listing' agent Ryan Serhant: Buyers are 'freaking out' about Amazon ditching NYC

New York State Sen. Michael Gianaris, a Democrat whose district includes Long Island City, defended his opposition in a separate CNBC interview on Friday, saying, “when they [Amazon] come in and take over a community like that, the community dies.”

Gianaris, along with other New York politicians including liberal firebrand Rep. Alexandria Ocasio-Cortez, opposed the $3 billion in incentives the city promised to pay Amazon to seal the deal in November over the dozens and dozens of other localities which were in the running for the project.

“The Amazon ‘boom,’ as we can call it, happened too quickly. And no one was really able to understand the benefits that that many jobs to the area would have brought to the locals,” said Serhant, who started his career in Long Island City.

“I remember doing deals at $600 a square foot in Long Island City in 2009. And everyone was so angry about it. They’re never going to get their money back,” he said. “I just resold an apartment that I sold for $900,000 in 2009 in October, so before the Amazon announcement, for $1.8 million.”

Serhant thinks Long Island City can still prosper without Amazon. “I’ve always loved Long Island City. I think it’s a great place for real estate investment.” He said apartments there go for about $200 per square foot less than in Manhattan.

Eric Benaim, CEO of the Long Island City-based brokerage Modern Spaces, agreed. He called Amazon’s change of plans “a shame” and said that “of course” if the company had stayed “it was going to be better.”

However, “we are still doing deals. Nothing has changed,” he said on “Power Lunch.” “Long Island City has been an exciting and hot neighborhood for the past 10 years, and it will continue to be a hot and exciting neighborhood.”

The brokerage sold 300 pre-construction units in two weeks after Amazon announced it was coming to town, but no one has called yet to back out, Benaim said. Closings aren’t expected for another eight to 10 months. “We’ll just have to wait and see, but I don’t think any of those will really leave,” he added.

Amazon, which does not plan to search for a replacement location, said it plans to move forward with its planned second half of its East Coast headquarters in Northern Virginia. Meanwhile, Nashville, Tennessee, which had won a smaller investment in the monthslong HQ2 search, will also remain on track.

— CNBC’s Michelle Fox contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-02-15  Authors: matthew j belvedere, don emmert, afp, getty images, karlheinz irlmeier
Keywords: news, cnbc, companies, amazon, freaking, really, island, city, nyc, ditching, sold, think, million, listing, search, york, buyers, square, ryan, serhant, dollar, long


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Close the deal

Close the deal17 Hours AgoTen years ago, he was an out of work actor and sometime hand model. Desperate for a job to stay in NYC he got a real estate license. Today Ryan Serhant is a real estate mogul, reality TV star and author. In “Sell it Like Serhant” he explains the skills he learned to sell apartments that can help anyone sell more and earn more.


Close the deal17 Hours AgoTen years ago, he was an out of work actor and sometime hand model. Desperate for a job to stay in NYC he got a real estate license. Today Ryan Serhant is a real estate mogul, reality TV star and author. In “Sell it Like Serhant” he explains the skills he learned to sell apartments that can help anyone sell more and earn more.
Close the deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-05
Keywords: news, cnbc, companies, close, work, stay, real, star, estate, serhant, today, sell, tv, skills, deal


Close the deal

Close the deal

17 Hours Ago

Ten years ago, he was an out of work actor and sometime hand model. Desperate for a job to stay in NYC he got a real estate license. Today Ryan Serhant is a real estate mogul, reality TV star and author. In “Sell it Like Serhant” he explains the skills he learned to sell apartments that can help anyone sell more and earn more.


Company: cnbc, Activity: cnbc, Date: 2018-10-05
Keywords: news, cnbc, companies, close, work, stay, real, star, estate, serhant, today, sell, tv, skills, deal


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Ryan Serhant’s NYC real estate tips

Ryan Serhant’s NYC real estate tips2 Hours AgoRyan Serhant, “Million Dollar Listing New York” co-star, speaks to CNBC’s Robert Frank about getting his start in real estate at the beginning of the financial crisis and gives his best selling ideas for New York City.


Ryan Serhant’s NYC real estate tips2 Hours AgoRyan Serhant, “Million Dollar Listing New York” co-star, speaks to CNBC’s Robert Frank about getting his start in real estate at the beginning of the financial crisis and gives his best selling ideas for New York City.
Ryan Serhant’s NYC real estate tips Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-17
Keywords: news, cnbc, companies, tips, selling, start, serhant, real, york, estate, ryan, nyc, serhants, tips2, speaks


Ryan Serhant's NYC real estate tips

Ryan Serhant’s NYC real estate tips

2 Hours Ago

Ryan Serhant, “Million Dollar Listing New York” co-star, speaks to CNBC’s Robert Frank about getting his start in real estate at the beginning of the financial crisis and gives his best selling ideas for New York City.


Company: cnbc, Activity: cnbc, Date: 2018-09-17
Keywords: news, cnbc, companies, tips, selling, start, serhant, real, york, estate, ryan, nyc, serhants, tips2, speaks


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How ‘Million Dollar Listing’ star Ryan Serhant survived the recession

The star of Bravo series “Million Dollar Listing New York,” began his real estate career exactly 10 years ago, on one of the darkest days of the financial crisis: September 15, 2008. Serhant had moved to New York City two years earlier as an aspiring actor before deciding to get his real estate license. “My last paying gig before starting as a real estate agent that fateful day was as a hand model, holding phones for AT&T,” he says. As it turned out, being a struggling actor was not so different


The star of Bravo series “Million Dollar Listing New York,” began his real estate career exactly 10 years ago, on one of the darkest days of the financial crisis: September 15, 2008. Serhant had moved to New York City two years earlier as an aspiring actor before deciding to get his real estate license. “My last paying gig before starting as a real estate agent that fateful day was as a hand model, holding phones for AT&T,” he says. As it turned out, being a struggling actor was not so different
How ‘Million Dollar Listing’ star Ryan Serhant survived the recession Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-14  Authors: tom huddleston jr
Keywords: news, cnbc, companies, recession, business, york, market, financial, really, real, learned, survived, listing, dollar, estate, ryan, day, star, million, serhant


How 'Million Dollar Listing' star Ryan Serhant survived the recession

Ryan Serhant knows how to stay positive in a crisis.

The star of Bravo series “Million Dollar Listing New York,” began his real estate career exactly 10 years ago, on one of the darkest days of the financial crisis: September 15, 2008. It was the day storied investment bank Lehman Brothers filed for bankruptcy amid the housing market collapse that led the country into a nearly two-year recession.

With September marking the 10-year anniversary of the start of the financial crisis, many people have taken the opportunity to look back and reflect on what they learned during that devastating economic period. For his part, Serhant believes the timing of his first day of work actually ended up as a positive thing for him.

“In hindsight, it was the absolute best time for me to start,” Serhant tells CNBC Make It about his first-ever real estate gig at New York firm Nest Seekers International, where he still works brokering multimillion-dollar deals.

“Brokers were abandoning the business left and right, and I was probably the only agent in my office — maybe the city — with a smile on my face. I was just excited to get started!” he remembers.

Serhant had moved to New York City two years earlier as an aspiring actor before deciding to get his real estate license.

“My last paying gig before starting as a real estate agent that fateful day was as a hand model, holding phones for AT&T,” he says. “I took whatever gigs I could when I moved to [New York] to pay rent.”

As it turned out, being a struggling actor was not so different from working in the real estate business during the financial crisis. Serhant tells CNBC Make It he made only $9,000 his first year as a real estate agent — less than he’d made the previous year from hand modeling and the odd acting gig.

“I kind of started from ground zero, in a really, really tough market, obviously, where a lot of people were losing their jobs, people couldn’t get financing [to close real estate deals],” Serhant said of the period in an interview with Nasdaq in March. “So, all of my initial deals were really, really difficult.”

Even though Serhant says he “mentally quit the business once per week” during the roughest stretches, the fact that he had struggled to make ends meet before actually helped him stay positive.

“I was just excited to have an office with a computer and a business card,” Serhant jokes.

Serhant hustled to pick up any clients he could, even posting ads for his services on Craigslist. He also took the market collapse as an opportunity to learn new skills that tend to be overlooked in healthier financial markets.

“I learned everything that agents working in a boom market never have to involve themselves in,” Serhant says. “I learned how to do loans; I learned the contract process in and out; I learned how to negotiate in dire circumstances; and I learned how to sell when nothing was selling.”


Company: cnbc, Activity: cnbc, Date: 2018-09-14  Authors: tom huddleston jr
Keywords: news, cnbc, companies, recession, business, york, market, financial, really, real, learned, survived, listing, dollar, estate, ryan, day, star, million, serhant


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NYC luxury housing market saturated with inventory, says celebrity realtor

NYC luxury housing market saturated with inventory, says celebrity realtor5 Hours AgoRyan Serhant, celebrity relator and “Million Dollar Listing New York” star, speaks to CNBC’s Robert Frank about the state of the luxury real estate market in New York City.


NYC luxury housing market saturated with inventory, says celebrity realtor5 Hours AgoRyan Serhant, celebrity relator and “Million Dollar Listing New York” star, speaks to CNBC’s Robert Frank about the state of the luxury real estate market in New York City.
NYC luxury housing market saturated with inventory, says celebrity realtor Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-05-03
Keywords: news, cnbc, companies, star, celebrity, nyc, robert, luxury, realtor, serhant, saturated, market, york, state, speaks, housing, inventory


NYC luxury housing market saturated with inventory, says celebrity realtor

NYC luxury housing market saturated with inventory, says celebrity realtor

5 Hours Ago

Ryan Serhant, celebrity relator and “Million Dollar Listing New York” star, speaks to CNBC’s Robert Frank about the state of the luxury real estate market in New York City.


Company: cnbc, Activity: cnbc, Date: 2018-05-03
Keywords: news, cnbc, companies, star, celebrity, nyc, robert, luxury, realtor, serhant, saturated, market, york, state, speaks, housing, inventory


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