Career pivot from dentistry -> real estate? MSRE / MSRED
Hello,
I am strongly considering a career change and have always had a bit of a passion for real estate. My only real experience in it though is purchasing and renovating 4 sfh and a duplex and renting / refinancing them.
I am currently a dentist and may be selling my practice and the free standing building it is in. I don't really want to practice dentistry anymore, and long term and I am considering what my options would be going forward.
My undergrad doesn't have much relevant experience, and I have a DMD degree. I am halfway through a real estate broker online course and anticipate being able to finish that as quickly as necessary.
I'm wondering, with my lack of real world experience in real estate / modeling / finance / development etc could I even break into the field? If I enrolled and somehow got into the nyi program, did multiple internships , extracurricular etc could I possibly have a shot? What is the potential career path? I assume given I don't have 1-2 years of relevant experience I'd have tod start on the lower end of the totem pole. Is there a path to a solid career given my background? Shoud I even bother chasing this pipedream?
Academically I can certainly cut it...
If this is possible and I work my ass off, what is a potential career trajectory? Am I going to have to start w some 80k job?
Why don't you want to be a dentist anymore? I thought dentists made decent money without working crazy hours.
The things you described would be things you'd need to do if you wanted to break into larger-scale commercial real estate. It would be a long slog and given that your current earning potential is (I assume) decent, you'd have a hard time breaking even on any reasonable timeframe.
Why not gradually get into the business at a smaller scale without going through all of the BS. If you sold your practice, could you work part-time as a dentist somewhere and then work in real estate the rest of time? You would have some time and a little money to work with, and you could start buying/developing smaller buildings, maybe partnering with someone to learn the ropes. Seems like a way better path for someone in your position. Sure, you'd never work your way up to a job at Hines or Related, but who cares.
Agree with the above poster. Use your (I’m imagining high) income to invest in RE on your own and quit when you have enough experience / scale to do it as a full time job.
If you go the MSRE route, you would likely be working with 22-24 year olds making $95k all in
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