Residential Development ----> Future Commercial Investment Opportunities

I've read through a few of the previous threads referencing this niche industry, and wanted to make an outreach to the community as I am not happy with what I am currently doing. I am currently seeking alternative options that align better with my personality and interest(s).

Background on me: I graduated from undergrad +/- two years ago. I've spent 14 months in commercial brokerage, and have been with a solely multifamily developer for about 9 months. Although it has been a good opportunity, I am bored and really not excited or enjoying the role. I've always been an entrepreneur prior to these roles and enjoy seeing something I envision come to life. Real estate originally attracted me because of the entrepreneurial opportunities within it.

I am currently considering going two directions.

  1. Trying to find a smaller developer where I have a role in the deal sourcing/process. May have to originally work my way to this through being an analyst, etc.. (Not necessarily my strong suit but I'd say I'm average)
  2. I've been offered an opportunity with a local luxury custom home builder/developer. This builder specializes in infill teardown deals, and has recently ventured into buying tracts of land, and acting as both the GC and developer. He currently has a 20 Unit TH development and 10 lot subdivision in development. The pay is a low, but I would be exposed to everything.

Given my entrepreneurial background, I am leaning towards the homebuilder opportunity. However, with my background in commercial, I feel this corners me to one area and will not enable me to be able to ever do commercial deals. My goal longer-term is to develop large SF and MF communities. I know these are two different beasts, but I have to start some where.

Any thoughts or recommendations would be greatly appreciated.

Thank you,
Frank R

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Comments (2)

Mar 14, 2019

Hi cfreinvestments, no, I never sleep and so I can respond to any lonely threads (like this one) at all hours of the night. Impressive, I know ;-)

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  • Future Commercial Investment Opportunities">More suggestions...

Hope that helps.

Mar 17, 2019