Acquisitions Manager job for Experience

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Acquisitions Manager job for Experience

Joseph Crunkilton
Rental Property Investor · Oregon City, OR · Member since 2020 · 324 posts · 780 votes

All, 

I'm looking for advice on a possible career change that could give me real estate experience to start out. There is a position open for an acquisitions manager with a real estate investment company in my market. This company buys homes for cash and renovates the homes to sell. 

I've read the intro to REI book by Bigger Pockets and am currently working through J Scott's Book on Flipping Houses. Flipping is the niche I have decided to focus on currently. I have a bit of apprehension because I still feel like a complete novice. The fact that I will most likely have to risk all my money on my first flip scares me.

I currently have a lucrative and successful job in sales. My experience would translate well to this position and could provide me with experience in the process. This could provide me the confidence I need to go out on my own. The problem I'm having with this is the job security and financial benefits I'd be potentially giving up moving positions. 

Does anyone have any experience with this? Would an acquisitions role with a successful REI company provide me with a lot of experience?

Thanks Everyone!

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  • Ryan LubyPro Member
    Rental Property Investor · CT · Member since 2016 · 258 posts · 227 votes
    6y

    @Joseph Crunkilton

    *First, I strongly recommend you read Cal Newports book So Good They Can't Ignore You.

    I have very relevant experience to what you're describing including currently working for an investment company as an acquisitions manager (Second time working for a company in this role).

    Cal Newport would strongly encourage you to continue developing your Career Capital in the field you are having success in. Basically, keep your lucrative job in sales and find a way to gain real estate experience on the side. It might not be the quick way to get started but if you're looking for the quick way, then you shouldn't get into real estate anyways. Our main career objective is to acquire career capital, gaining rare and valuable skills and getting paid for them and. Then ultimately leveraging that career capital to gain more freedom and control over your life. The struggle is when you feel you're not following your passion, or you rare and valuable skills/ career isn't fulfilling, there's something better long-term and on and on.. all of these things might be true but they aren't worth making drastic, uninformed life-changes over. The happiest people who have found the most success in their careers aren't the ones who blindly follow their passion without having relevant experience to leverage, it's in fact the ones who have leveraged their rare and valuable skills, and negotiated more freedom and control into their work in order to live life on their terms.

    I'm not saying don't pursue real estate. But don't make irrational life decisions in order to pursue real estate. *If you can take on this acquisitions role part-time while keeping your job and both employers understand this and are ok with it, then go for it. Ultimately it's more important that you begin laying a foundational understanding of real estate and investing before making a dramatic switch, and it's not necessary to chose between jobs at this point. Keep in mind how often we are wrong about what we want, or just how much we don't know. For all you know your best investing career may be as a private lender to someone who is a very successful flipper and you never have to leaver your job, or risk all of your money as much as you originally thought. Keep working to find opportunities with relatively minor short-term risks, and long-term rewards.

    Obviously this is all just my opinion and I don't know exactly what you're circumstances are, but I hope this helps a little. Feel free to message me anytime with questions or if you wanted to talk more I'm happy to hear more about it and offer some insight.

    Best,

    Ryan

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