To Those Who's Had A Successful Career In CRE, What Advice Do You Have For Younger Generations?
I figured it would be helpful to ask these questions as well apart from the general advices for younger people:
How did you invest your money? Did you put a decent amount of your capital in public equities or just majorly real estate? If real estate, was is co-investments or did you do your own deals? If you did your own deals, how big were the deal sizes and what asset class were they in? Did you invest in REITs or crowdfunding platform and how have your experience been so far with your investments?
If you could go back and start over with your career what would you have done differently this time?
What advice would you give someone who wants to start their own shop vs someone who's dead set on climbing the ladder?
When first starting out, if one's objective is to invest as much as possible into real estate, would it make sense to take a job that's outside of the RE space but pays more so that you have more to invest? How likely is it that someone outside of RE let's say maybe in IB/PE can do their own 20 units and under multifamily deals? Is it more beneficial to start in RE if your end goal is to own commercial real estate or would it not matter if you're not planning to do large commercial deals?
What makes you still stick to RE after all this time? What do you love most about it? What keeps you from being bored?
What shops would you recommend for the best training at earlier levels so that one can start doing their own deals maybe 10 years into their career?
What is one common trait that you see in all successful RE people and what's the one trait you have that you think helped you tremendously along the way?
What are the mistakes that you made along the way that's deal-related? What are the mistakes you'd recommend young people to avoid in their careers?
I know it's a bit long but I think this can really benefit people. Thank you in advance!