Hi All,
Lazy post incoming:
Used to lurk/post here all the time back in college and a few years after graduating. Went into tech sales and have done ok the past 6 yrs, but have been hit with 2 layoffs in the past 2 years. I've been out of a job for a while now, a long while. Not sure if I want to sit on zoom calls for the rest of my life though selling mostly useless software
Real estate's always been in the back of my mind and was actually my desired career, but it never happened. I'm thinking of giving it another shot. Asset management seems cool, development (duh), and even property management. I don't think intense financial modeling is for me (acquisitions?).
Do I need to get my MRED? Can I try to get in as a property manager and move to asset management?
Based on the most helpful WSO content, here are some insights for your career transition into real estate:
MRED Consideration:
Starting as a Property Manager:
Networking:
Alternative Learning Paths:
Career Goals and Preferences:
In summary, while an MRED can be advantageous, it's not the only path to a successful career in real estate. Starting as a property manager and leveraging networking opportunities can also lead to a fulfilling career in asset management or development.
Sources: Entry Level Development Roles - MRED Necessary?, Career Paths/Exit Opportunities, Would you move from real estate development to asset management?, Q&A - Georgetown MPSRE Current Student, MSRED/MRED 2019 (MIT vs. USC vs. Columbia) WHICH ONE?
Hey man - good to see you back. I remember you posting when I was first looking to break in. Anyways I don’t have much to add but keep fighting the good fight. Nothing beats hard work and determination. Good luck!
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