Would you consider the underwriting of live deals on crowdsourcing websites (and subsequent investing of your own $$) as experience that can be added to your resume?
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If I saw your resume and you put this, I would count this as effort, but to be honest with you, unless the deal was esoteric or pivotal, I probably wouldn't put too much weight on it. It may be a good conversation starter though. Kudo's for thinking outside the box.
You could put it on there, but I would view it with HEALTHY skepticism. Might grill you about it tho...
Which parts of the underwriting would you grill me on?
I'm trying to break into REPE and any additional experience I can get is invaluable in my opinion (in addition to the grad school I've just completed). As I see it, showing initiative and willing to risk my own capital based on my thorough research shows commitment and some skills. Then again, that's my opinion and employers will likely see it differently.
I would probably start out by asking you to walk me through your underwriting process to see if you actually did something or if it was superficial fluff on your resume. I would ask about your assumptions on cap rates and other items for example. See how you came up with your value...that kind of thing.
If you can speak intelligently about it and have sound rationale, then you pass the sniff test.
I'd like to see it on a resume - definitely follow the advice above and be able to speak intelligently to the deal. You should also have the right attitude. 'I'd been saving my money for a while and thought I should invest in something I'm passionate about and really put the skills I learned to use.'
That would be very impressive.
Thanks for your input. The next question that comes to mind is how would you write that on your resume? Would you add up all of the total $$$ amounts of deals that you have practiced underwriting or write the number of deals that you underwrote?
Not that I think of it, it's prob best to write both.
No, # of deals is ok, but def. not dollar amount. you really can just mention it briefly 'crowdfunding real estate investor' in the resume and bring it up in the interview yourself or wait for them to do it.
You can mention it in the 'walk me through your resume' question
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