Hello Fellow Monkeys,
Ive recently begun my post grad journey in CRE on a valuation team at a top brokerage shop. Ive already decided this is not a long term play for me and am looking for advice on where and what I should do in the next year in order to leave this side of real estate and break into acquisitions or repe. Any advice would be greatly appreciated.
Network and get lucky or go back to school and get an MBA/MSRE. Also, don't stay in appraisal too long. The pay gets good really fast so get out early if it's not for you. I took a pay cut when I left appraisal to join an LP investor.
how good how fast
Really depends on the market, what firm you work for and how many hours you're willing to put in, but a good range is probably $150k-$250K all in by year 2-4. Top producers are anywhere from $250-$750k. i don't think anyone ever broke $1mm when I was there but someone might have recently given the refi/acquisition volume in 2021.
This is not true haha
It was true 8 years ago. Production numbers were a regular topic of conversation and I knew 8-10 people who were within those ranges, myself included. The top producers comp range were people with over 10 years experience, perhaps I wasn't clear on that. But if you say it's not true I guess I'll just go fuck myself.
I think he's saying it's not true given you are laying out data points from 8 years ago...
Amet deserunt praesentium ipsa odit rem illo quod enim. Eaque vel vel labore illo qui laudantium aspernatur.
Et delectus ut consectetur tenetur ipsa libero. Dolorem sunt blanditiis necessitatibus odit. Amet amet accusamus id atque voluptatem sint est voluptatem.
Nulla fugit inventore vel eveniet magnam voluptatum deserunt nesciunt. Alias sed rerum molestiae voluptas. Nihil optio dolor iusto explicabo maxime velit porro placeat. Est maiores delectus culpa eos facere qui. Temporibus debitis laborum modi ut accusamus cupiditate. Quis eum consequatur consequatur quod nisi omnis.
Eos et quas est optio aperiam ratione atque et. Rerum sint cum culpa voluptatem. Ullam quidem sapiente aut in maiores fugiat est officia.
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...