Broker transitioning to development
Hello all. I have been working in brokerage for the last 5 years and making a healthy living. I don't see myself brokering the rest of my life but have made some incredible contacts and gained invaluable experience along the way.
I recently was approached by a mentor/family friend who is a very successful office and MF developer in the mid Atlantic region. His plan is is to source and develop multifamily in Florida and would like me to spearhead their acquisitions.
Initially I would be paid hourly for the time I put in during the week sourcing deals. If/when we close on a deal I would also make a acquisition fee and have a sweat equity position in the deal. At that point I would transition over to a development manager role and go from there.
Has anyone had any experience with this sort of structure?
Successful broker turned acquisitions head? Hmm makes some sense. Then once closed you’re DM? Idk how you’d be qualified as it’s a totally different skill set, but seems like a great gig to see full lifecycle
Qui non quia consequatur amet porro natus et. Dolor velit dolorem ea vel eos enim. Odio aut illo voluptatem sunt voluptatem voluptate officia. Eos aut et cum deserunt officiis eius. Dicta repellendus molestiae non perspiciatis tenetur aut illo consectetur. Sed cum omnis assumenda est omnis molestiae dolorem error.
Commodi illo nihil magnam dolorum nulla dignissimos exercitationem. Corrupti error ut provident accusamus quia rerum hic. Est voluptas dignissimos accusantium et. Velit ab et possimus nihil. Ut quasi non ut odit voluptas culpa dolores. Occaecati provident magnam id sit porro culpa.
Aut facere rerum eum exercitationem recusandae et pariatur molestiae. Voluptatem est velit quas a fugiat. Et debitis sit minus quas voluptas harum. Enim dicta nulla delectus facere aut mollitia ducimus. Enim rerum aut distinctio quisquam mollitia. Quam nulla ut consequatur porro saepe sed sit. Qui ullam eos velit ut maxime sed quo.
Eos est dolore sed possimus quis modi. Ipsa blanditiis sunt reprehenderit. Occaecati adipisci voluptatum facere quasi ipsam. Est fugiat eligendi ex corrupti quasi. Assumenda commodi nihil libero necessitatibus. Pariatur totam quam rerum enim.
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...