Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Career advice - potential next job/career move
Hi everyone, I am a year out of college and eager to get more involved in the real estate industry. I have been working with a platform management company for about a year now and want to expand my horizons and learn other sides of the industry. I am not exactly sure what would be the best option for me but willing to hear out what people think would be a good idea.
Overall my goal is to make enough capital to start investing while also learning about more parts of the industry while doing so. I feel confident in property management, so I am ready to move to a different niche, what should my next step be? Anything helps.
Much appreciated,
Cam
Cameron,
One of the faster ways to become cash fluid and have enough to buy a few REI is to get your real estate license. When you can close on a home sale in a short period of time those 2% and 3% checks pile up cash fast. You can choose to be a Sellers Agent, Buyers Agent or both to increase your odds of more sales/income.
@Cameron Scheuer I've been working in property management for a while now. There's always something new that comes up; I know you're eager, but I'd keep accruing those property management hours on someone elses' dime. Move up the ladder and gain more responsibility - have you written a budget yet? Have you had to navigate a lawsuit, HUD complaints, messy evictions, etc? I promise you there's always something to learn just stick to it a bit more.
In the meantime work on building a downpayment and do an owner occupied deal in the meantime (that's how I had scratched my itch to "do more".) Go to networking events and meet people - you never know how those relationships will come in handy.
Quote from @Gabe R. Gonzalez:
@Cameron Scheuer I've been working in property management for a while now. There's always something new that comes up; I know you're eager, but I'd keep accruing those property management hours on someone elses' dime. Move up the ladder and gain more responsibility - have you written a budget yet? Have you had to navigate a lawsuit, HUD complaints, messy evictions, etc? I promise you there's always something to learn just stick to it a bit more.
In the meantime work on building a downpayment and do an owner occupied deal in the meantime (that's how I had scratched my itch to "do more".) Go to networking events and meet people - you never know how those relationships will come in handy.
Thank you for the input. I definitely agree, something new is always happening within PM. I have had my fair share of messy situations in just one year. I am looking to relocate from my home town and was looking for any other options, but I can definitely keep my experience in property management going. Thank you!