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It's doable, but it wouldn't be my first choice if your competing for a top firm in commercial real estate. If it's your only option, I would recommend taking it to start building industry experience, but be prepared to take modeling courses and get Argus Enterprise Certified to help stand out. If your coming from the SFH side of the business, you'll need to prove you have a strong technical grasp of how to model commercial assets and conduct market research for different property types.
It's transferable to some extent, but there are a lot of nuances to different property types that you won't likely see at a SFH shop.
Good advice. I have currently already taken the REFM courses and preparing to take the ARGUS cert exam, although I'm really aiming on getting into MF.
With that said, touching on the various nuances, how would SFH differ from MF? I'm assuming SFH would be most relatable with MF at least.
My first internship was with a SFH group, and it really help lay a solid foundation of the financial side of the business. However, when you start to transition into larger multi-family properties, you'll notice that they tend to have more nuances to some of the line items.
For instance, larger multi-family properties have payroll for staff at the property and will also have more nuances to projecting real estate taxes (depending on market), insurance, marketing, and utilities. On the revenue side, you will also notice more nuances that factor in vacancy, bad debt, concessions, employee units, model units, and other income. Other income items may include parking fees, administration, application, amenity, pet rent, and utility reimbursements, etc.
SFH is very relatable to MF, especially if the group maintains a larger portfolio. If it's a fix and flip strategy, then it's more relatable to merchant build developers.
i would argue sfh is more complex than taditional mf. if you have exposure to deal flow and they have capital/deals under their belt, I dont see why you would pass on this. when you exit its important you know why the deals you worked on made sense and did not make sense.
Thanks for the insight
Is this for Amherst Securities?
No this is a much smaller startup firm in which they seem to be both a tech/investment firm with some AI infrastructure they built. Seems like Amherst has some interesting open positions though, nice.
OP - I can't be helpful in this arena but the vagueness of this post may make it tough for those who can to weight in..
The startup doesn't have its own portfolio and leans heavily on tech. What exactly will you be doing? Would you be underwriting deals in a consultant type arrangement?
Is this a tech job or a real estate job?
SFR is probably spinable but it depends on function within the space.
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