Expecting to graduate with $1m in capital from a side hustle I’ve been doing since HS, work a few years for experience, then start doing my own deals. Not sure what specific roles I should be looking for in an internship or starting job. Reading that acquisitions is a good starting point, but interested in some input.
| +48 | Being asked to stay behind and train my replacement | 14 | 3d | |
| +45 | New Comp Database - Google Form (Now with Data Validation) | 24 | 10h | |
| +30 | What does REPE actually do? | 12 | 1d | |
| +29 | Leave brokerage to be GP | 4 | 1s | |
| +24 | Seeking Career Guidance in Real Estate Development Post-Graduation | 3 | 13h | |
| +24 | Public Homebuilders | 9 | 1d | |
| +22 | REPE/Development GPA | 15 | 1d | |
| +17 | MSRE/MSRED with no RE experience; Naive to think I’ll land a job afterwards? | 4 | 3d | |
| +16 | UC Berkeley MRED vs Columbia MSRED? | 2 | 5d | |
| +15 | Hospitality Finance - Perks? | 3 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
What was the side hustle if you don't mind sharing?
Sounds like drug dealing
More than likely got lucky in crypto
Why not just scale the side hustle...
RE is more scalable and a better path for building long-term wealth
What are you interested in doing? That is your starting point.
Development or acquisitions. Or both.
Ok so go get a job doing that.
onlyfans?
Honestly dude. Find a techie friend and put 250k to pre-seed a company. 750k is moreee than enough to get your feet wet in RE and it’s going to take you a while to scale anyway
Honestly it’s a lot of money but not enough to run with big players. Would say residential development if you want to start doing your own deals quickly
I’d go value add, rather than development. Generally speaking, quicker to the fees and promote and a bit of an easier stepping stone than straight up ground up development.
Become an LP and diversify that $1MM into multiple funds or syndications while you work for a few years at a REPE or Dev shop and learn how to do deals. In 5-10 Years all the deals should have hit their life cycle (10 would be the longest depending on investment strategy unless its a supposed to be a long term hold) and then you would presumably have very solid cash flow and at capital events you could accrue back a pool of capital for your own deals while using the cash flow to supplement your base salary for increase in quality of life day-to-day. If you truly believe in RE as the investment strategy you want to do full time for your own projects, then investing a few hundred thousand in multiple deals shouldn't be a huge issue. If you don't feel comfortable being an LP and investing smaller amounts of money in several deals then you wouldn't be ready for the risk profile of your own deals with a lot more money at stake.
If you want to end up doing your own deals, why not start now? You will learn that $1mm doesn't go very far in the real estate game. If I were you, I would start by buying a beater fourplex with an FHA loan, dump a good amount of CAPEX in to fix it up, rent out 3 of the units, and live in the fourth. This will give you value-add "deal" experience while you let your money sit and grow. Plus, you would likely cover your living costs until you are ready to move onto the next one.
If you could do this while you have a job at a acquisitions/dev shop, you can continue to scale into larger and better deals as your knowledge base expands.
Doloribus suscipit consequatur provident sint nihil est maxime vero. Atque totam quibusdam qui sed eum dignissimos similique. Veritatis in esse ullam consequatur. Magni repellat harum sed.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...