Building Personal Real Estate Portfolio
Hey all. I have not perused the RE on here much but have been generally interested in real estate for a while - participating in the public real estate investing club in college and having a summerinternship as well. My parents over the past few years have started buying rental properties spanning multifamily, single family and mixed-use in our small, rural hometown. The relatively low prices and potential (rents being as high as 2% albeit without the appreciation potential of Austin, California, etc.) is quite attractive to building wealth and I believe there is a strong moat by being very involved in our town community in terms of getting off-market deals as well in an extremely inefficient market. My parents have done quite well with just trial and error by going at it but I'm in a privileged position of getting more formal finance training by being in banking. My question is - would it make sense for me to try to pursue something in real estate after banking, whether REPE or something else, to develop more formally a real estate background if my goal is to eventually start RE investing personally, or would it be smart to just continue in banking to accumulate cash and a faster and figure out real estate on my own?
Some of the factors I've considered are that (1) I am not particularly passionate about IB or going down the traditional IB -> PE path anyways but it is a nice way to make good money relatively risk-averse (2) I think real estate is much more interesting but have been wary about pigeonholing career-wise though anything post-banking will do this anyways though I am admittedly also not well-informed on the RE paths outside of REPE right now (3) With interest rates the way they are I'm a bit hesitant to make the switch to RE junior roles in a generally bad market Appreciate any perspectives and advice, especially if anyone made a move to real estate after banking or those that have or plan to start personally investing in properties themselves.