On this channel we talk about real estate investing careers and real estate financial modeling, so if you're looking to break into the real estate investment industry for the first time, advance your current real estate investing career, or do your first deal on your own, you're in the right place.
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I recently sold my condo for $400k and i want to invest the money in the stock market. However, it appears the market is at an all-time high. Should I invest elsewhere or wait for a market correction?
The stock market is risky But staying on the sidelines is riskier. Missing the next bull run will be far more costly to your long-term wealth than getting in at the "right price". Consult a financial advisor if you're unsure how to proceed.
You're right, I and a few Neighbours in Bel-Air Area work with an advisor who prefers we DCA across other prospective sectors. Instead of a lump sum purchase, Following this, my portfolio grew 37% in the last quarter
Mind if I look up your advisr please? I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now
I've stuck with the popularly ‘’Laura Grace Abels” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look her up
thank you for putting this out, it has rekindled the fire to my goal... was able to spot Laura after inputting her full name on the web, she seems highly professional with over a decades of experience
Watching your videos helped me land my first role in CRE as an acquisition Analyst. Thank you so much for all the time and energy you put into this. I know it would have been way more difficult if you had not decided to start this channel.
I'm not a college grad, Kind of opposite late 20's.. how can I still break in? I have background in finance, analyzing numbers and making them make since with some property management experience as well. Seems like its fresh out of Uni thing with connections, associations, etc. Thanks in Advance brother.
You can absolutely still break in! This is actually when I broke in. I applied at a lot of places before getting a job. I really did take the hard route of just applying on linkedin to countless jobs but I recommend selectleaders as a job board. Also join the local ULI group or similar groups. Also consider moving to a larger city. Google the largest developers, property management companies, owners, look at non profit companies etc. Once you get your first job it is much much easier to get the second and make really good money
I just graduated from university. I am about to turn 22. Im still working full-time in an unrelated field. I didn't apply for jobs while I was in college because I was so busy. Am I doomed.? Breaking into CRE has been a lot harder than I thought it would be. I think I was over confident. What should I do?
Wonderful video! I would love to see some content and advice for recent college graduates trying to find entry level positions. What are tips and tricks to land a job in this challenging market? Do you recommend finding counseling? Thanks!
Random question. What is the difference between Face Rent vs. Base Rent? I'm focused on industrial. Is Base Rent the Year 1 rent not considering the annual rent increases? Does Face Rent even apply? Or are they used interchangeably?
Hello, I’ve been having a lot of trouble in my accounting classes, what would you recommend do to get prepared for a internship role in RE Asset Management?
Thank you for the words of encouragement! I’m an appraiser with 3 years of experience looking for a new job in the DC area. I’ve been looking for about 2 months now and almost considered getting another job that just pays the bills in the meantime. Again thank you for the encouragement
I just had a case study yesterday. The firm/recruiter said it would be a few questions and some calcs on the financial statements. Coming from outside the real estate industry I was surprised when they gave me 1.5 hours to build a full 3-statement model, calculate implied purchase price, put debt on the business, etc etc. Fortunately I was able to pass the exam based on my prior work experience and aptitude for financial modeling, but sure would have been nice to see this info earlier!
Is there a course on how to pitch a real estate deal? I work with new development and find it very hard to attract investor despite we delivered +15% ROI in our last 7 dispositions
What about someone wanting to career change? I am a late bloomer - 45 y/o. I have almost completed my ASA (Actuarial Designation). Although a great career,, I want to eventually get into CRE investing. I was considering an analyst role to gain experience for a few years. Although never done CRE analysis, I have fairly strong analysis and modeling skills.
Yes, there is a CoStar Real Estate Analytics Certification (CREA) but it is currently only offered by Clemson University and Virginia Tech. You can ask your schools finance department or real estate club to look into this.
Hi Justin , I hope this message finds you well. I recently came across your business and was impressed by your Educational RU-vid channel , that I believe will help many people in real estate. As a Video Editor, I specialize in short video editing and have helped businesses like yours achieve many viewers that can convert it into paying customers. After researching your business further, I believe there are several opportunities where my expertise could add value. From making short videos that will attract viewers to making them into a paying customers that will boost your business, I am confident in my ability to contribute to your success. I would welcome the opportunity to discuss how we can collaborate and drive results together. When would be a convenient time for you to connect? Looking forward to the possibility of working together. Best regards, Rewell
recession is coming, US CC DEBT delinquent over 90 days is nearly 11%, higher than 2008, last employment report 75% jobs created were Gov't and Medical... Distress is coming once unemployment peaks 5-6%.
I spent a whole year as an intern starting last May, and I’m only just now starting a full time gig. My company was on a full-time hiring freeze for almost 2 years. It’s tough out there, but even a post-grad internship (if you can afford to live at home/with a lot of roommates) can help get your foot in the door.
Thanks for the encouragement Justin! I’ll be graduating from my MSIRE program in December and have 2 solid internships under my belt. When I graduated from undergrad Dec. 2023, it was very difficult to land a job, so that’s why I pursued the MSIRE… I feel good about the future though.
I graduated from the real estate program at UW-Madison, I’ve been applying to jobs for about 3 months. I’ve had a handful of interviews, no offers yet. Frustrating when many analyst roles want 1-3+ years of experience. Love your videos btw
Hi, I cant find anyone who is able to work out the Equivalent Yield (i.e weighted average between IY and RY) for the purpose of traditional real estate valuations outside of using ARGUS software. In circumstances where you know the value, initial yield and reversionary yield - how can you also obtain the equivalent yield? I know it can be calculated utilising the goal seek function but I believe it requires quite a bit of tweaking and is slightly more cumbersome than the unlevered IRR approach / example you have given. Is this something you could do a video on?
i have 2 years of acquisition analyst experience now, still get messages from recruiters on Linkedin for associate roles even though I am not currently looking for a new role. I was laid off between May 2023-August 2023 and must have done about 100 interviews in that time, but those recruiters were not messaging me much during that time. In about a year or so I will look for associate roles and essentially double my comp
I work in non-resi property management in Southern California. There's a lot of churn, so there's a ton of opportunity. I've increased my comp ~60% in the past two years, and now I'm on a property I love with tons of room for growth.
@@tagritel Lots of transferable skills, and definitely some overlap when it comes to the underwriting/analysis process. Entire real estate operating companies can also be bought and sold, and these transactions function very similarly to M&A transactions of operating companies in other industries.
Buy-side vs. sell-side risks and rewards comparison. I have been working with the LP side for six years and now I am presented with an opportunity to work with the GP side of a mega project. Would appreciate your take on this job switch 🙏🏻
@@BreakIntoCRE that’s great, very interesting. So someone running a small brokerage focusing on CRE could definitely get involved in the process of facilitating m&a deals too since a lot of those businesses might be housed under a commercial building/ unit… that’s my understanding at least… Thank you for taking the time to reply!
Hey Friend, Saw you couple of times on my RU-vid recommendation page. I must say you make banger videos. Just wanted to ask any potential collab for video editing or thumbnails for your channel?
Employers are not ready to hire immigrant talent (Students who came to the US to pursue their MSRE). What would be your advice on breaking into this industry and working around the sponsorship requirements? P.S- I interned with a big group last summer.
I'm an international student as well. Going back to our home countries is always an option- saying this in the most light hearted way. Our visa is for studying and some practical training- sponsorship is a privilege. US citizens are struggling themselves to find a job, why would they look at the trouble of hiring us when they have a good pool of talent?
Great video as always Justin! This seems to apply to purely an acquisition scenario. What does the capital stack look like in ground-up development or value-add investments, when construction/capex costs make up a large portion, or a majority, of the capital uses?
Totally agree. My internship has ended with a development firm and I’ve been looking for a job for 3 months now. Discouraging at times but I know I have to double down and keep working! Appreciate you Justin!
Trump 2024!! And I'm a Democrat! MAGA isn't a cult, the never-Trumpers are a cult. Censoring yourself from differing opinions is exactly what a cult would do. I know this because people who are in a cult don't realize they're in a cult, I however did eventually realize I was in a cult, because I refused to limit my intake of information and realized I was consistently lied to by my own side and people.
Would you rather pick Los Angeles, New York, or South Florida as your career starting market. I am a new intern at a middle market firm here in LA and the market is not very good right now but I am hoping there will be an upside soon.
