Land Acquisition Analyst at a national homebuilder pivoting to REPE acquisition?
TItle says it all. Looking at a potential job in Land acquisition. What skills can I discuss in interviews after my stint in LA to successfully make the jump to REPE? Also, does a year or two in LA look good on a resume for recruiters in REPE? Is this path feasible? In other words, is this a logical career trajectory? ( I know most obvious path starting in LA would be staying in the home builder industry)
Honestly, the way the market is looking I'd rather be at the homebuilder for the next few years.
Probably not. Really cookie cutter uninteresting work. Also the product is disgusting you build with spit and vinegar.
Day in the life:
1. Answer calls from brokers/call developers
2. Get a quick easy term sheet.
3. Put term sheet in easy model to build crappy homes
4. model says 20% gm.
5. send LOI.
6. get attorney to make contract
7. send contract after making 20 item repetitive corporate approval package
8. Put together annoyingly long package of what the building team can build (if analysts are present they can do this but most LA teams are lean and don’t even have one)
9. Hand over to builders(if finished lots)/development team(raw land)
10. make not a lot of money.
11. apply for jobs
12. Repeat
Interviewed years back with Toll for a Land Acquisition role and can confirm this is exactly what it sounded like. Seemed very cookie cutter.
sounds like AI can replace this job....
Not too different than describing vanilla REPE acquisitions if we're being honest.
Interested in OP’s question as well
What is current comp package at the national SFH builder?
80 base 15% bonus
I hate how people expect young people to live in LA on 80k. Pay your people enough to live in a 1 bed apartment and have a car note/stop asking their parents for money, and pay off student loans, and afford food. Let them adult. Your deals you’ll source net the company anywhere from 1m to 150m. At least that’s what I’m netting my homebuilder
Only at the interview stage and already thinking about a next interview stage for a different job? If you want to be in REPE, then strive for that role. Being in LA isn’t going to hurt your chances, but it’s also not going to necessarily help.
That said, those skills would likely translate more so to a developer. Assuming this is likely a role with Toll Brothers, I interviewed for a LA Analyst role years back. Seemed decent exposure to the entitlement and feasibility process, but all the actual modeling is done at the corporate level by their Finance team. Just seemed like an incredibly boring and cookie cutter role.
Would you suggest he just interview/not work until a REPE comes along? Could be waiting for years
This is the dilemma
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