Love my job but am hitting a wall
Looking for a bit of advice here. I have worked in value add multi-family for about 1.5 years now, and have been able to rack up what I would say is a good amount of experience. 5 Transactions ~150MM, escpecially considering the deal team is just me and an owner and I handle (with guidance obviously) all underwriting, closing, dd, and play a big part in debt, jv, and PSA negotiations.
However, recently I have started getting the itch for something more -- my favorite part of the business is definitely evaluating new and current investments -- i do not have the personality for sourcing, and handling the transactions was great to learn, but defintiely is admin work. Some may disagree with me, but at the end of the day value add multifamily is about as simple as it can be in real estate. And while I do have a lot more to learn, I feel like I have almost gotten all that I can from this job, and since I am so early on in my career I feel like that is a pretty bad feeling to get.
Has anyone hit the same wall? if so, what did you do? I am thinking debt brokerage or LP fund, as I would like to see more deal flow across multiple asset classes.
Sounds like the financing side may be more up your alley if you enjoy UW/Deal eval. It sounds like you have a pretty sweet gig though. Do you get a slice of the deal/promote? Don't fall into the grass is always greener trap.
Occaecati et sunt voluptatum aut minima. Odit sit rerum voluptatibus ipsam cumque minima tempora a. Porro omnis commodi sed ut labore. Molestiae non quam est voluptatum itaque aut et ea. Maxime ut in et ipsam et omnis qui. Quod perspiciatis asperiores accusamus. Aut necessitatibus eos expedita eveniet.
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...