One topic that's never really brought up in this fourm is what to do if you parents already own Real Estate/are in the business. I'm not here to be called a "spoiled rich kid" -- by some chance of god I won the genetic lottery and I'm incredibly blessed. I'm here to get honest straightforward advice on how to best leverage my situation.
My father was fortunate enough to buy in LA before prices exploded.. as a result he owns a multifamily property worth around $15 million (no leverage.. he uses the income from the property to live on so he's unable to get any financing on the building.) We've talked about it and he has every intention of passing that building onto me. I haven't started FT work yet (Rising senior).. but what career path would best set me up for success? Working for a? Res/CRE Broker?
Has anybody else ever been in this position? If so what career path did they take? I'm worried about about is size - the amount of real estate isn't all that much, especially considering we are unable to leverage it.