The Best (& Worst) Jobs For Aspiring Real Estate Entrepreneurs

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Break Into CRE

Break Into CRE

3 жыл бұрын

The Best (& Worst) Jobs For Aspiring Real Estate Entrepreneurs // Real estate is one of the most entrepreneurial industries out there, and for many people who break into a career path in the business working for someone else, the end goal is to ultimately do their own thing, with aspirations to build their own investment firm or portfolio in the future.
And as part of that, for young real estate professionals with entrepreneurial goals, one of the most important parts of making this dream a reality is using their on-the-job experience to learn the skills they’ll need to eventually go off on their own, making choosing the right jobs in the first few years of your career a really critical piece of the puzzle.
So to help you choose the best path for you (and avoid the paths that won't take you where you want to be), in this video, we'll walk through some of the best jobs to get into if you’re a young real estate professional trying to set yourself up for success on an entrepreneurial path, and a few types of positions that might be worth thinking twice about before saying yes to an offer.
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Пікірлер: 79
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
How did the most successful real estate entrepreneurs you know get their start?
@NoName-ny1bt
@NoName-ny1bt 3 жыл бұрын
Can you please explain what JLL capital markets are?
@chrischristian24
@chrischristian24 3 жыл бұрын
The most successful real estate entrepreneur I know actually started out as a CPA! She learned apartment syndications by being a limited partner on several deals before taking on the GP role. Great video, Justin!
@chrischristian24
@chrischristian24 3 жыл бұрын
@@NoName-ny1bt JLL is a company. Capital markets are markets where capital is transferred from those who have it to those who need it. JLL capital markets sounds like a job in capital markets at JLL.
@shahahsan1323
@shahahsan1323 3 жыл бұрын
Seasoned CPAs & Lawyers that worked closely with several big-time investors and began passively investing in their client's deals to learn the business. That being said, would not recommend going down the CPA or Lawyer route unless you actually want to practice law or accounting.
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
@@chrischristian24 very cool! CPAs have a ton of knowledge that's applicable to being successful in CRE. Glad you found the video helpful!
@shambhvilokre
@shambhvilokre 2 жыл бұрын
Best roles 2:03 Investment sales analyst/ Acquisitions analyst 4:29 Equity placement analyst/ capital markets analyst/ other 3rd party equity analyst 5:08 Asset management analyst Worst Roles 7:10 Leasing 8:35 Portfolio Management
@ravenous5432
@ravenous5432 9 ай бұрын
Thank you
@hamtgaming4908
@hamtgaming4908 8 ай бұрын
Thank you ❤
@CuteM6
@CuteM6 2 жыл бұрын
love your videos! thank you for sharing
@smitd4ty
@smitd4ty 3 жыл бұрын
Always great insights!
@Linux333
@Linux333 3 жыл бұрын
My experience working in agency lending for an originations team was some of the best experience gained to date. It'll teach you very important language that future property investors must know and understand.
@azazshah4022
@azazshah4022 3 жыл бұрын
This channel doesn’t get enough love, so glad I found it when I did. Actually helped me land an internship for this summer. Anyway, great video as always, Justin.
@jackgraveline8884
@jackgraveline8884 3 жыл бұрын
You should make a video on different investment sales groups and what to consider when trying to decide your specialty or team to join
@michaelanthonygutierrez
@michaelanthonygutierrez Жыл бұрын
Thanks brother . I’m still learning
@michael.di3
@michael.di3 3 жыл бұрын
My plan is to get my CPA license and start my own business offering tax and accounting services to real estate entrepreneurs, all while building my own RE portfolio throughout!
@Area-lr1mz
@Area-lr1mz 2 жыл бұрын
What are you doing right now
@Area-lr1mz
@Area-lr1mz 2 жыл бұрын
I'm also planning to get my CPA license I'm currently doing ACCA and bachelor's in data science
@michael.di3
@michael.di3 2 жыл бұрын
@@Area-lr1mz I’m in my last year of college. I will be graduating in a couple months with a BA in accounting and a minor in Computer info systems. I will then test for the CPA exam over the summer.
@taco681
@taco681 3 жыл бұрын
Nice video Justin! I just working started as a valuation analyst but hopefully want to move more onto the transactional side of the business in the future.
@janaywellington5557
@janaywellington5557 3 жыл бұрын
This video was extremely helpful. I am at the beginning of my career and have been struggling trying to understand what next position I should pursue. Thank you!
@camdenschnoor
@camdenschnoor 2 жыл бұрын
So much value
@alanraya7730
@alanraya7730 3 жыл бұрын
Very helpful video, especially for a student who is still in the process of narrowing his first job options within the CRE industry. Out of you first three best options which one is the most lucrative? Thanks 🤙
@vassilisdimarakis7365
@vassilisdimarakis7365 3 жыл бұрын
Excellent video !!! Are these info equally applicable for aspiring people who are not totally sure yet if they want commercial , residential , development or a mixture of more RE domains?
@PhantomyreValentine
@PhantomyreValentine Жыл бұрын
This is exactly what I have been looking for... you'd think with how popular real estate investing is, there would be more inquiries about what jobs to get into in order to get your foot in to RE. Either that or I just haven't been lucky. btw you have beautiful eyes.
@shahahsan1323
@shahahsan1323 3 жыл бұрын
Phenomenal video! This is something that every aspiring CRE entrepreneur should watch before going into the business.
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
Thanks, Shah! Appreciate your continued support!
@blakeharrell7457
@blakeharrell7457 3 жыл бұрын
Super helpful! I’m graduating this May and have been interviewing for many positions, and this gave clarity how my decisions will affect me in the long run
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
Great to hear, Blake!
@MetaGirly
@MetaGirly 2 ай бұрын
Hey Justin, great video, quick question - if I want in the future to do my own fix and flips and long term rental, what position would you recommend me to get into?
@millionairemindset8847
@millionairemindset8847 2 жыл бұрын
Great video! What do you think of real estate analyst ?
@LatinoConservative
@LatinoConservative 2 жыл бұрын
Totally disagree you with tenant representation. It mainly depends on the market. In NY, every broker wants to work in tenant representation, because that’s where the money is. More tenants, less assets. Which means higher commissions. The more money you have, the more buying power you have to one day buy properties on your own. While you’re right that financial analysis is not required in tenant representation, the top brokers get their mba or masters in real estate. So these tenants rep brokers are making more money than capital markets folks and now have financial/analytical mindset. In addition, tenant rep brokers are never just given deals, we are actively hunting for new business. Taking all of this into consideration, that makes the tenant rep broker the ultimate and most well rounded real estate entrepreneur.
@frankperez4496
@frankperez4496 3 жыл бұрын
Hey Justin, what about starting off as a commercial broker?
@rogerhorvath8254
@rogerhorvath8254 3 жыл бұрын
Great video! Big insight
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
Glad you found it helpful, Roger!
@carlilombardo5354
@carlilombardo5354 2 жыл бұрын
Do you recommend working as an aqusituons specialist?
@Noname-ly2lp
@Noname-ly2lp Жыл бұрын
I got a master in both architecture and real estate development but I’m having a hard time getting a job in real estate development. Any tips to help this I’m in the Dallas market if that helps
@OrlandoFloridaRelocator
@OrlandoFloridaRelocator 3 жыл бұрын
Thank you for this information. Because I’ve done leasing in multifamily I’ve been working on increasing revenue and occupancy. I would like to get into a another role though with more stability . Thank you sharing this video. - Madeline
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
Great to hear! Leasing is definitely valuable experience and gives you context for the decisions you're making on the asset management/acquisitions side. Glad you found the video helpful!
@GoogleAccount-um4jg
@GoogleAccount-um4jg 3 жыл бұрын
Justin, thank you for the video. How helpful are project management roles compared to the others you mentioned?
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
PM roles can be very helpful if you want to be a ground-up developer, and can give you great hands-on training to manage the process for your own deals in the future.
@TheRyanherrmann
@TheRyanherrmann Жыл бұрын
Hi, I interned for a CRE development company as an analyst. Where you place that? Acquisitions?
@Mav0585
@Mav0585 10 ай бұрын
I have an opportunity to work with a local brokerage, with pay, part time and it's a great team. I'm hoping the fact that it's flexible and I get to gain experience with a great team, should be worth it.
@cesar_ordonez
@cesar_ordonez 3 жыл бұрын
Great Video! What are the top roles for aspiring Commercial Real Estate Developers (Affordable housing & Warehousing)
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
Development analyst roles are great for this, and debt-side analyst roles can also be very helpful for the ground-up space since construction financing is such a critical component of most deals.
@TraderPulse
@TraderPulse 3 жыл бұрын
This is the best thumbnail I have ever seen
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
lol
@justinlee7021
@justinlee7021 3 жыл бұрын
Hey Justin, thanks for all of the content. I found it really helpful and bought some of your Udemy material which helped me transition from CRE Finance FP&A to AM at a debt fund in NYC. Just curious, if I want to get to the acquisitions space, when do you know when you should make the transition or should jump to UW first?
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
Hey Justin, congrats on the move to the debt fund! Sometimes people on the lending side can get pigeonholed there once they have 3-5 years+ of experience in that space. If your goal is to be on the principal side long-term, the sooner you can make the switch, the better (although debt funds are great places to be right now). Good luck!
@richardrussell8050
@richardrussell8050 3 жыл бұрын
Nice one Justin! Would you also consider the Development Management role a good choice for understanding the entrepreneurial side of development?
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
100% yes - that would be the equivalent of the acquisitions roles mentioned in this video for an aspiring developer. Good question!
@richardrussell8050
@richardrussell8050 3 жыл бұрын
@@BreakIntoCRE Hi Justin, cheers for the reply. One last question - I'm trying to switch from Project Consultant to the Development Manager role. Do you think this would be the best career move in order to get more experience and gain better skills? Thanks again!
@aeongaming2561
@aeongaming2561 3 жыл бұрын
What about Real Estate Investment Banking?
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
This one depends on what you're working on - working on the M&A of entire real estate companies tends to be less valuable than working on individual deals (assuming you want to break off and do your own syndication projects), but if you're at a shop like Eastdil that brands themselves as a REIB shop and you're underwriting individual transactions or smaller portfolios, I agree this is excellent experience.
@TLiu-1b
@TLiu-1b Жыл бұрын
Is investment sales basically CRE brokerage?
@zacharymazzuca1150
@zacharymazzuca1150 Жыл бұрын
Yep!
@dallasteague001
@dallasteague001 3 жыл бұрын
How about project/development management for an aspiring developer ?
@GoogleAccount-um4jg
@GoogleAccount-um4jg 3 жыл бұрын
Dallas, is this your current role? If so, what is your background?
@dallasteague001
@dallasteague001 3 жыл бұрын
@@GoogleAccount-um4jg No, I’m looking to get into development.
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
Absolutely - that would be the equivalent of the acquisitions roles mentioned in this video. Great spot to be in if you're looking to do your own ground-up deals.
@aeongaming2561
@aeongaming2561 3 жыл бұрын
You forgot about Investment Banking, real estate group
@LLB552
@LLB552 3 жыл бұрын
What are your thoughts on a finance/underwriting role for a developer? @break into cre
@AujaAguja
@AujaAguja 3 жыл бұрын
Really good
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
If you want to build your own development firm focusing on ground-up projects, this would be excellent (similar to an acquisitions analyst role for targeting existing assets).
@jackjack4412
@jackjack4412 Жыл бұрын
Man you're good looking
@OrlandoFloridaRelocator
@OrlandoFloridaRelocator 3 жыл бұрын
Where can I find asset management position? 🤔 hmmmmm -Madeline
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
Selectleaders is one of the best resources online for CRE strategy roles, so that would be a great place to start: www.selectleaders.com/
@johnhopkins8165
@johnhopkins8165 3 жыл бұрын
Yikes - I work in one of the “worst jobs” for this one.
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
I definitely don't mean to paint a doom and gloom scenario about these last three roles - there is value and perspective in any CRE position, and you'll have helpful context whenever you make the switch into a different role or doing your own thing.
@LoganXHebda
@LoganXHebda 3 жыл бұрын
Read my mind today, actively hunting
@justinarnold84
@justinarnold84 3 жыл бұрын
Go get some!
@BreakIntoCRE
@BreakIntoCRE 3 жыл бұрын
Good luck!
@LoganXHebda
@LoganXHebda 3 жыл бұрын
@@BreakIntoCRE just received an offer for CRE data specialist at Centennial Bank at their Conway, AR headquarters
@brunoleonardo929
@brunoleonardo929 2 жыл бұрын
Video starts at 2:00
@cedricmayfield7058
@cedricmayfield7058 Жыл бұрын
I notice you never talk about Real Estate Development bro!
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