I really like the idea of working with owners and investors of real estate to make a lot of money finding winning investments, or possibly get into development, and have been looking, but I'm not sure if this is what I should be doing.
The main problem is that I make about 80-100k right now working in software. Each time I get a job offer for an Analyst job, my current company just bumps me up in pay until the point that it makes no sense to leave.
Another problem is that the opportunity cost of spending time trying to market myself to job opportunities in finance is that I spend less time developing a skill-set (which is more fun anyways than advertising yourself and networking).
Another problem is that I'm not a well-connected, Ivy League/WallStreet investment-banking-pedigree'd guy. It seems like things like that really help you a lot in this world of real estate. I'm just a normal, hard-working guy who put himself through college with the help of academic scholarship.
I currently do work for a company that produces software for the CRE industry, so I still am getting some exposure to it, which is great. But I'm starting to wonder if it's unrealistic that I will get an analyst position without taking a stupid-huge pay cut.
I do know Argus super-well, and am really good withand VBA. I've also read Linneman's CRE book, and have been working on Geltner's.
As far as the opportunities out there, can I find something where I don't take a huge pay cut?
To be honest I would say that I know more about finance and economics than computer programming, databases, and project management; but sometimes I get the feeling that in finance the saying, "it's who you know rather than what you know," is what matters at the end of the day.