Stay or Entertain
I'm working as an analyst at a fund now acquiring SFR. I get a 10-20% bonus. I just started like a month ago.
A job I really wanted and interviewed for before I started wants to bring me on. I'm be basically wearing the hat of developer associate/acquisitions and leasing agent. It pays $15K less for salary but I get a piece of everything I bring in that the company ultimately ends up applying.
Should I entertain the latter opportunity or should I stay where I am? I want to be a developer and at my current position as an analyst for a fund doing SFR, I don't think it moves me any closer to that end goal.
If the comp is okay for you, entertain. It's a candidates market, do what's best for you and your long-term career goals.
I used to work acquisitions in the single family fix-and-flip space. Depending on what firm you are at, I do think your options are very limited regarding career trajectory. At my old firm, over 70% of their acquisitions team was cut (including me) in December but I had done well enough networking to land in the space I want to be with only about two weeks of time off. The other people who got laid off either aren't working, working in tech sales, or are resi agents now. Recently other people left to go back to their old jobs, too. Outside of a few interesting talking points, one large portfolio transaction, and my ability to spin some positive experience out of it, I didn't feel I gained much from my time there and didn't feel like there was pathway to really grow my career. This is a long and drawn out way of me saying, unless you're like an asset manager or a fund manager or maybe underwriting single family developments/large portfolios, I don't think there is much experience to gain in the sfr underwriting space.
And this is my fear. Experience is harder to sell. The new opportunity would be in medical office and mixed-use buildings.
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