What’s the most lucrative jobs in CRE and what’s the best job for a good work/ life balance
And how to get there
[{"id": "hmw1iw5", "text": "Well what do you do now?", "replies": [], "depth": 1}, {"id": "hmw824x", "text": "The most lucrative is managing a family office, handling the inter generational wealth of ultra high net worth individuals. \n\nThe best work life balance is being an ultra high net worth individual and having someone else manage your inter generational wealth.", "replies": [{"id": "hmwmsq2", "text": "Bingo.", "replies": [{"id": "hmx6hdq", "text": "Bingo Bango", "replies": [{"id": "hmxaju3", "text": "Bongo", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "hmy49q0", "text": "Truth. A guy in my area manages a family fund that buys and develops multifamily projects. He\u2019s the only employee and has been doing it for a decade. Has a mansion.", "replies": [], "depth": 2}], "depth": 1}, {"id": "hmw8wsf", "text": "Most lucrative job is managing your own families assets and paying yourself on the leases/sales. \n\nIf you\u2019re not wealthy heading into it or have a intro to someone into that scenario it\u2019s unlikely you\u2019re going to hit \u201cmost lucrative/best\u201d\n\nIf you figure it out let me know lol", "replies": [], "depth": 1}, {"id": "hmwbnyd", "text": "Following", "replies": [], "depth": 1}, {"id": "hmwc0iz", "text": "Commercial appraisal is lucrative salary\u2019s range from $70k-$200k depending on MAI designation and just general fee split. However, you do work a lot of hours but the nice thing is it\u2019s deadline based usually so you work your own hours", "replies": [{"id": "hmwd3qh", "text": "I do commercial appraisal (mostly business val nowadays) and the hours aren't too bad. If the company is flexible (or you do your own thing) you pretty much work as much as you need and more if you want to make more money. Fees nowadays are high and turn time is also 4+ weeks on almost everything so it's a great industry to be in.", "replies": [{"id": "hmxotmu", "text": "Hey is it fine if I Pm you? Would like to know more about the appraising industry?", "replies": [{"id": "hmyftm0", "text": "Sure thing", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "hmx2yi1", "text": "Those salaries are fine, but far from the most lucrative in CRE. Just look at the salaries of directors at publicly traded REITs and compare to $200k at the top end of your appraiser range", "replies": [{"id": "hmxexy7", "text": "$200k is not the top end of the appraiser range, but yes, it\u2019s not comparable to others. For work-life balance vs payoff it might be. I know quite a few appraisers in the $200k to $350k range, and 1 who is over $500k. You need to leverage analysts to make over $200k. Portfolio work with systems in place, or going specialized is the most lucrative.", "replies": [{"id": "hmxge78", "text": "Still not \u201cthe most lucrative job in CRE\u201d", "replies": [{"id": "hmxjbe5", "text": "No it\u2019s not, but OP cares about work life balance too. I know plenty of brokers who clear a million a year but they work IB hours unless at the tippy top. It\u2019s a grind to get there.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hmwc8iu", "text": "If you aren\u2019t wealthy, work your way into a specialized broker position in an emerging market. It should be fairly profitable in 5-10 years. You will have little to no life until you can hire people to handle your leasing or property management.", "replies": [], "depth": 1}, {"id": "hmwhxr7", "text": "Equity for a small shop. Cmbs lending is very lucrative $200k out of college, $2-3 million as an originator. Long hours with weekends free on most occasions depending on team and institution. Mine pays great but often working 80 hour weeks.", "replies": [{"id": "hmxptt7", "text": "As in at an investment bank?", "replies": [{"id": "hmxud7j", "text": "Yes but there are non-IB cmbs lenders as well.", "replies": [{"id": "hmyhsl8", "text": "That\u2019s what I need to do ASAP.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "hmyhpt9", "text": "How do I get set up as a CMBS originator?", "replies": [{"id": "hn0vsha", "text": "Start as an analyst and work your way up. Takes 10-15 years of hard work depending on skill set. Not everyone is cut out but if you learn the ropes you\u2019ll be fine.", "replies": [{"id": "hn2qe3e", "text": "I\u2019ll give myself 1 year to get here.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "hn0o1a8", "text": "Is this something that can be done remotely or strictly in office?", "replies": [{"id": "hn0w2ue", "text": "Most at in the office. In CMBS you often need to be around multiple parties. I worked at home for awhile initially but have been back since H2 2020 and honestly, makes my life easier. It\u2019s not a job that can easily be performed from home due to the moving pieces and teams involved.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hmwihjr", "text": "I\u2019d suggest commercial appraisal for the government (or similar government roles) is hands down one of the best work/life balance jobs in CRE in my opinion but nowhere near the most lucrative. \n\nYou don\u2019t have to stress about your billings, you get generous paid time off, when you clock out you don\u2019t even think about work until you clock in the next day, etc. \n\nYou won\u2019t be making the big bucks though\u2026 unless you\u2019re willing to risk life-ruining jail time I suppose.", "replies": [], "depth": 1}, {"id": "hmx5zsn", "text": "Equity is the key.\n\nWork your way up to a development shop that is well capitalized &amp; compensates it\u2019s developers with equity or bonuses based on sale value", "replies": [{"id": "hmyhw19", "text": "What companies would you suggest?", "replies": [], "depth": 2}], "depth": 1}, {"id": "hmx9d8i", "text": "1) **What\u2019s the most lucrative jobs in CRE:**  *Owning a ton of debt free commercial real estate.*\n\nand 2) **what\u2019s the best job for a good work/ life balance:** *Counting your money.*", "replies": [], "depth": 1}, {"id": "hmxe7ax", "text": "Being a principal and acquiring as much assets as possible. \n\nClosed on 9 properties in 2021.", "replies": [{"id": "hmyii4z", "text": "Who funds these deals? It\u2019s it 80% LPs, 20% GPs, 50% own money rest mixed? How do you find the GPs and LPs? What platforms do you use?", "replies": [{"id": "hmyjkn2", "text": "Not a JV. I\u2019m the principal on all. \n\nConventional financing.", "replies": [{"id": "hmzatqb", "text": "I assist folks like you in closing deals as a consultant (I defer my fee and get paid at the closing table) and it\u2019s by far my most lucrative line of business. I have one client who is buying large commercial multi families nationwide about once per month. It\u2019s enhanced their wealth considerably.", "replies": [{"id": "hmzb6y7", "text": "If things go as planned I should be closing 1+ deals(s) a month in 2022. My pipeline for q1 right now is 4.", "replies": [{"id": "hmzc7h2", "text": "Wow! Amazing. Wishing you all good things. And, if you ever need any help with closing them, DM me.", "replies": [{"id": "hmzcd9b", "text": "Appreciate it. I do some brokerage work as well. Working on a development in nyc with someone off this sub actually. \n\nWhat market do you work in?", "replies": [{"id": "hmzid70", "text": "Small world. I\u2019m in NYC as well. Some projects in the metro area. I\u2019ve experience on transactions in CT, NJ, MD, VA, OK and GA. All multi family affordable.", "replies": [], "depth": 8}], "depth": 7}, {"id": "hn2r0k7", "text": "I\u2019ll dm you- I have access to resources and clients, I\u2019m down to send a few your way to get my feet wet in the water", "replies": [], "depth": 7}], "depth": 6}, {"id": "hn2quwv", "text": "Dang we need to link up sounds about what I want to be doing", "replies": [], "depth": 6}], "depth": 5}, {"id": "hn2qqpv", "text": "Okay- so your doing this on the CRE side too where you defer your fee and take a small piece of ownership?", "replies": [{"id": "hn2ynk8", "text": "It depends. I defer my fee and get paid an agreed upon fee at closing. I\u2019ve also introduced the idea of getting paid as part of a percentage of ownership but most of my clients are less sophisticated and don\u2019t see the value in it for them. The bigger or more savvy clients are accustomed to fee deferral plus ownership percentage as part of the package. As you can imagine, most of the consultant fee structuring is emotional not based on any real economics. Folks who are out of their depth but plunging in are often unaware of the back end tax implications and want it all not matter what. Can\u2019t say I blame them. Therefore I get a big fee at closing and we all walk away happy.", "replies": [{"id": "hn3cuk2", "text": "Smooth process.", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}, {"id": "hn2qrco", "text": "Okay- so your doing this on the CRE side too where you defer your fee and take a small piece of ownership?", "replies": [{"id": "hn2wvnd", "text": "No partners. Sole principal on all deals.", "replies": [{"id": "hn3d6ge", "text": "Nice, so are you by trait a broker/entrepreneur? What was your initial profession that positioned you as a principal? Also- how do you source deals- do you value off market listings or do you use brokers and the open mls?", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "hmxknwz", "text": "Commercial mortgage broker for large balance $10 million + loans.\nCommission is about 1% but if you are working for a company then the house gets half to cover rent and support staff. Developing new clients is highly competitive but once you have large loyal clients there is less pressure to spend all day cold calling and more pressure to go golfing with loyal customers.\nThe plus side to mortgage finance is these deals need to be financed or refinanced so only if some major issue is discovered does a borrower back out or delay closing. In comparison a commercial sales broker often loses a deal to a mortgage broker when the sales price isn't high enough after marketing a deal for 6 months and the owner decides to refinance the property instead.", "replies": [], "depth": 1}, {"id": "hmxnesj", "text": "Owner &amp; Owner", "replies": [], "depth": 1}, {"id": "hmxruto", "text": "Multifamily development managers at my company are getting 1-3% of the GP promote valued at approximately 150k when the asset sells 3-7 years later. They do 2-4 of those deals per year on top of their 150-250k salaries. They do work a bunch but on their own schedule and get to take a lot of time off. The business development / equity raise side of the office are getting that same promote but leveraging relationships without the intense project management component. \n\nGo to grad school get an analyst job at an institutional level firm, work your way up to development manager in 3-7 years. (analyst --&gt; associate --&gt; dev manager)", "replies": [], "depth": 1}, {"id": "iurzqes", "text": "Are you looking to get into the field? do you have experience? Feel free to send PM.", "replies": [], "depth": 1}]