Career advice - potential next job/career move

[Cameron Scheuer]

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

[Jason Wray]

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.

[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. 

[Cameron Scheuer]

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!

[Darragh Duignan]

Hi, check out my recent forum post if interested in this: I have a commercial real estate acquisitions company that sources off market deals to buy with operating partners. I have a role open for someone who wants to make money in CRE while learning, main role would be cold calling in the beginning but you will be able to learn my process and eventually go out on your own with the knowledge to find off market deals at a discount.