Former Appraisers in Asset Management/Acquisitions, what were the biggest issues you guys had working in your new role?
[{"id": "egz1hm2", "text": "Very interested to hear this as well. ", "replies": [], "depth": 1}, {"id": "egzes7i", "text": "I didn't make the switch sooner", "replies": [{"id": "eh01n1h", "text": "Would you be willing to share your story? MAI appraiser here, but I've always been interested in the asset management side. Hard to justify a switch after so many years as an appraiser. I'd love to hear your experience.", "replies": [{"id": "eh02bhm", "text": "I actually switched over to development, but I know a bunch of guys that leveraged their appraisal experience into a different career in real estate. The nice thing about an MAI is it opens many doors; you've likely seen the market from just about any angle, name a broker who can claim that. Personally, I got tired of watching other people play the game and decided to try my hand at it.", "replies": [{"id": "eh03uvy", "text": "Yea that's exactly how I feel... I'm watching the market participants have all the fun and make all the money and I'm just sitting here counting the beans.", "replies": [], "depth": 4}, {"id": "eh10za3", "text": "Do you think it's possible to make the switch from residential brokerage to development? ", "replies": [{"id": "eh25yse", "text": "Anything is possible, and residential subdivisions aren't too tough to develop. The biggest hurdle is financing, however. If you want to develop privately, you'll need a substantial source of funds besides a bank.\n\nYou could always talk to a couple developers and see if they need market analysts, which could be a quick doorway into development proper.\n", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "eh04nf7", "text": "Second hearing your story of making the jump. I\u2019m actually getting certified now, and while I do enjoy the job, I want to move to more of the development side of things after a few more years. How did you go about the switch? I have a lot I would like to accomplish with real estate, but I tend to over think most things and worry about leaving the appraisal side. ", "replies": [{"id": "eh0g3g0", "text": "I definitely suggest going your route; appraisal is an incredible doorway into real estate, far better than cold-calling for some broker. You get a 30,000 foot view of the industry, and after a few years you'll find favorite property types. Can't say much about making the switch as everyone's path is different.\n\nThe thing to remember is that real estate is a *long*term game; unlike the stock market, deals take years to put together, so patience is key.\n\n", "replies": [{"id": "eh2ltd9", "text": "Thanks for getting back to me. I actually have my application and reports into the board right now. I\u2019ve been wavering lately if this is the right path for me, so it\u2019s nice to hear that it seems like I\u2019m on the right track. ", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}]