Becoming a Small Market CRE Developer
My family has transitioned from small business ownership to CRE investing and development. We have already benefited significantly and the ceiling seems to be unlimited. My exposure to the industry’s benefits—great money and schedule freedom—has pushed me to drop my early career and begin my path in real estate to work with my family. The entrepreneurial opportunities of the industry are so appealing, at least for me, and have become my ultimate motivation.
For people working in real estate, are you striving to become an owner and developer? I’m very early in this transition, but I cannot stop thinking about these goals and I’m wondering if other people share these feelings.
Being on the sponsor side is awesome, though obviously not for everyone.
I think the most valuable lesson is taking things slow. Real estate is a business in which success takes (and is measured in) decades, not months or years. You read through threads like the one on Tides Equities, or many others like it, and it's hard to escape the feeling that the people running those shops were so desperate to be mammoth players within the space of a few years that they got way out over their skis and will end up crashing all the harder for it. It can be hard to accept in a world in which every idiot and scam artist in the tech or crypto field is making tens of millions essentially overnight, but taking small, safe steps and looking ahead five or ten years instead of five or ten months is a better path to building generational wealth.
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