REIB After IS if goal is to have own REPE firm in 8-12 years?
I'm currently working in IS at a top 3 brokerage (think CBRE, JLL, Eastdil) and am thinking about my future after doing my analyst years.
My long-term vision is to have my own real estate firm (think 8-12 years from now). I'm not sure if that will be a development or private equity firm.
I started two businesses while in college. One was successful and one wasn't. The successful one was a franchise. As such I'm thinking I'd rather buy an existing business with some systems already in place and add my own twist rather than start something from scratch.
Initially I was thinking I'd transition into REPE after my IS years. However now I'm considering doing two years in REIB before switching into the buy side (for acquisitions andexperience) so that I understand how to value companies.
Has anyone in this group gone from Brokerage to entrepreneurship by buying an existing real estate business? If not, what are pros and cons of doing REIB before switching into the buy side vs going straight there?