Should I Change Careers?

[Collin Ordonez]

Hey All, 

My ultimate investment goal in real estate is to be able to own, or possibly develop, large multifamily properties. I am 26 doing project management for a large commercial general contractor, but am wondering if I should change career paths to work for a multifamily investor or large developer. The thought would be to try to grow knowledge and connections in the industry to hopefully accelerate the ability to buy multifamily properties in the future. I like my current career and think I would be able to use the knowledge I've gained in the construction field to renovate existing multifamily properties or help run new development projects.

Currently I have one property that is currently being used as a mid-term rental. We don't have enough money to personally put down on a commercial multifamily deal, so the goal is to buy a 1-4 unit to live in while we grow knowledge/capital to be able to purchase larger deals. 

Any advice is helpful on the possible career shift or other advice on getting started in multifamily investing would be appreciated!

[Mason Weiss]

Hey Collin, there are many factors that come into play when choosing a job that only you are your close circle will be able to analyze. I think you have the right framework of looking for a role where you can learn more about the game and fast track future investments. 

I would try and seek out some mentors in your field, people who have made these same decisions previously. See if they can help you with your questions and path to where you want to be.