Does a career in CRE keep you tied to one city?
Right now i'm looking at being in city "A" for at a minimum for 5 years due to financial limitations and job/networking opportunities. However, I'v always wanted to move to city "B" later on in my life once I have a solid career experience. From what I'v read and heard the ability to move to a new shop and city is difficult even with the 5 years of experience I would have. It would be in the same state so it wouldn't be like I'm moving cross country. Any advise or stories on moving to another shop in another (larger) city? What are my options?
[{"id": "cm00ghk", "text": "My advise to you is to go for city \"B\".  if that is where you want to be why not go for it.  It is definitely difficult changing jobs/markets, you would be starting from square one.  However, being in the same state is a plus (my guess CA or TX).  Ultimately I would not keep it as closed minded as CRE brokerage (assumption).  Once you're established and can build some equity you can become an investor.   Please DM, very interested in your situation.  Thanks.", "replies": [], "depth": 1}, {"id": "cm01s8c", "text": "In any job that involves sales it's hard to change locations... you have to rebuild your network.", "replies": [], "depth": 1}, {"id": "cm04duk", "text": "All good advice so far. It really depends on what you're doing in CRE. I recently moved from NYC to smaller southern city with tons of growth, but it works for me because I'm in corporate advisory and can service clients in the southeast region. Bottom line is if you're good at what you do you can do it anywhere.  ", "replies": [], "depth": 1}, {"id": "cm05akv", "text": "You can absolutely do it. I started in Brokerage (AZ) and for a few years thought I was limited. Got a job that brought me to multiple different states and it was difficult at first, but then got the hang of figuring out multiple markets. I'm in development now and currently have projects/assets in 22 different states. It is very doable. PM me if you want to talk specifics. ", "replies": [], "depth": 1}, {"id": "cm0d5yh", "text": "It really depends what you're doing.  Let's say you're a debt guy.  If you have relationships with big, interesting lenders and your borrowers are big, national borrowers, then you could probably either a) find deals in city B somehow or EVEN b) do business from anywhere in the country.  There are some big guys like that who operate from, say, Ponte Vedra even though the deals they are doing are in bigger cities like Miami simply because they are \"that good.\"  So, those guys can get away with it.\n\nIf you're in leasing or something more local, then I think it'd be harder to move around.", "replies": [], "depth": 1}]