If I Were Starting My Real Estate Career in 2023, Here's What I'd Do

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If I Were Starting My Real Estate Career in 2023, Here's What I'd Do

Рет қаралды 8,164

Күн бұрын

If I Were Starting My Real Estate Career in 2023, Here's What I'd Do // It’s a pretty popular opinion right now that we’re about to head into or we’re already in a recession, and 2023 is going to be a year of layoffs, reductions in corporate earnings, and much stricter hiring practices across the board.
Year-over-year job cuts last month jumped by over 400% from November of 2021, and the run up in interest rates over the last 12 months has made real estate deals extremely difficult to get done.
And since revenues for commercial real estate investment, brokerage, and lending firms are heavily dependent on transaction volume, this slowdown has resulted in very valid concerns about job security in commercial real estate, and the availability of opportunities for recent graduates and young professionals looking to break into the industry.
And with so many of you watching this channel either looking to land your first internship or full-time job in this business, in this week's video, I want to share some general career advice that I would give to my younger self if I were starting my career in 2023, and the actions I would take (and prioritize) to make the new year my best one yet.
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🕒 Timestamps 🕒
0:00 Introduction
1:25 Get Involved (& Lead)
4:07 Change Your Relationship With Risk
6:00 Maximize Face Time
8:02 How To Be Ready For Opportunities
#realestatecareers #commercialrealestate
*Nothing in this video should be construed as tax, legal, accounting, valuation, or financial advice or recommendation. All information in this video is intended solely for educational purposes, and you are advised to consult with your own personal professional advisors regarding your personal investment decisions.
**AFFILIATE DISCLOSURE: Some of the links in this description are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase and/or create an account.
Research and articles referenced in this video:
www.challenger...

Пікірлер: 16

@BreakIntoCRE Жыл бұрын

What are your career goals for 2023?

@milesmitchell3193 Жыл бұрын

Step up from salesperson to broker in NYC.

@todmann67 Жыл бұрын

I’m a few months into a property manager role (with a lot of site management involved) and I’d like to hear more about progressing through property management to asset management, and how that skill set adds value in CRE investment settings. Thanks Justin!

@diegorea277 Жыл бұрын

Just finished my first internship, so I'm hoping to land a full time analyst role in early 2023!

@rfdrealestate Жыл бұрын

From personal experience, all of these tips work. I was a fresh MBA grad that showed up the office in a suit before it opened. Got the job Already participated in ULI and CCIM with leadership roles (prior to entering the industry.) I show up early, leave late, do my best to be present and bring the team together, communicate with all levels of command (CEO, COO, Managing Director…all the way down). My friends call it kissing ass. But its not all for show, I really want to excel and my effort has paid dividends. I was lucky enough to find my place. I hope you all do too.

@jonathanlloyd8090 Жыл бұрын

I am going to land a real estate investment management role in 2023

@habibahsanusi9698 Жыл бұрын

retweet

@ethanfury3368 Жыл бұрын

My goal is to start my own company in my area, I live is Southern pines Pinehurst area of NC and with the huge influx of major companies and people to the area I feel that this could be the time that I am able to start my own development/investment company and take over. The goal would be gain equity using things like rental property investment then use that starting income to purchase my first comercial property and grow from there.

@howardehrsam6182 Жыл бұрын

Good points, I road the wave of the early 2000's building a city then developer/employer went bankrupt. I lacked the capital and cash connections and/or knowledge to tap them to take advantage of the rebound. I am better prepared now and just started a new company so my goals are to grow that company and establish some great real estate deals along the way. Thanks for your continued video feeds...