Career pivot from dentistry -> real estate? MSRE / MSRED

Hello,

I am strongly considering a career change and have always had a bit of a passion for real estate. My only real experience in it though is purchasing and renovating 4 sfh and a duplex and renting / refinancing them.

I am currently a dentist and may be selling my practice and the free standing building it is in. I don't really want to practice dentistry anymore, and long term and I am considering what my options would be going forward. 

My undergrad doesn't have much relevant experience, and I have a DMD degree. I am halfway through a real estate broker online course and anticipate being able to finish that as quickly as necessary. 

I'm wondering, with my lack of real world experience in real estate / modeling / finance / development etc could I even break into the field? If I enrolled and somehow got into the nyi program, did multiple internships , extracurricular etc could I possibly have a shot? What is the potential career path? I assume given I don't have 1-2  years of relevant experience I'd have tod start on the lower end of the totem pole. Is there a path to a solid career given my background? Shoud I even bother chasing this pipedream? 

Academically I can certainly cut it...

If this is possible and I work my ass off, what is a potential career trajectory? Am I going to have to start w some 80k job? 

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Comments (3)

Most Helpful
Apr 24, 2021 - 11:09pm

Why don't you want to be a dentist anymore? I thought dentists made decent money without working crazy hours.

The things you described would be things you'd need to do if you wanted to break into larger-scale commercial real estate. It would be a long slog and given that your current earning potential is (I assume) decent, you'd have a hard time breaking even on any reasonable timeframe.

Why not gradually get into the business at a smaller scale without going through all of the BS. If you sold your practice, could you work part-time as a dentist somewhere and then work in real estate the rest of time? You would have some time and a little money to work with, and you could start buying/developing smaller buildings, maybe partnering with someone to learn the ropes. Seems like a way better path for someone in your position. Sure, you'd never work your way up to a job at Hines or Related, but who cares. 

  • Associate 1 in RE - Comm
Apr 24, 2021 - 11:14pm

Agree with the above poster. Use your (I'm imagining high) income to invest in RE on your own and quit when you have enough experience / scale to do it as a full time job.

If you go the MSRE route, you would likely be working with 22-24 year olds making $95k all in

Apr 25, 2021 - 10:06am

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