What options do I have if brokerage isn't it?
[deleted]
[{"id": "g376uc4", "text": "I am in the same boat - have been doing well but don't want to do this forever. I think most CRE brokers exit is starting their own investment company. It's a lot of work but seems the most rewarding path. REPE seems a good way forward, too.", "replies": [{"id": "g39cayh", "text": "Agreed. REPE would be an excellent career transition. I've been heavily considering it. Good luck to you my friend!", "replies": [{"id": "g39edj2", "text": "Good luck to you as well!", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "g377mtj", "text": "Depending on your age and network, you might transition to an acquisitions role at an established development shop, too.", "replies": [{"id": "g37h5fa", "text": "This is probably the most direct transition short of becoming a developer yourself or with partners.", "replies": [], "depth": 2}, {"id": "g37mfle", "text": "I came here to say this. Developers need your skills.", "replies": [], "depth": 2}, {"id": "g39bk9h", "text": "Great, thank you. Can you provide an example of a good / reputable development shop in your area?", "replies": [{"id": "g3bmye8", "text": "I am in the Bay Area. I would try to find your way into Prologis with your industrial background. Office is hard - so potentially a switch to multifamily/mixed use. In that case, it seems like Harvest and others working in the East Bay are still building up and making a lot of hires. The larger class A office guys like BXP are very quiet right now and also like a certain B school pedigree.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "g377o22", "text": "Become an investor. You know what works and what doesn't. What makes money and what doesn't. If you don't have a ton of capital reach out to those that do, you probably already know a bunch of them.", "replies": [{"id": "g3858ii", "text": "This, except I feel it'd be tough to do in San Francisco. The returns on properties there are terrible from what I've heard.", "replies": [{"id": "g39cf7y", "text": "Yes, avoid SF CRE as an investor. I work in a different submarket, but am headquartered in SF. I would not want to be a multifamily owner in the city right now.", "replies": [], "depth": 3}], "depth": 2}, {"id": "g39c6bf", "text": "This is definitely a consideration at this point. I was on the brink of buying some industrial before the pandemic shook everything up, and am working my way back to that now (at a discount, luckily). \n\nThanks for your advice, I appreciate it.", "replies": [{"id": "g39jyf4", "text": "Care to share details? I do industrial exclusively. PM welcome.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "g397uz2", "text": "Switch to the consulting side - occupier services or portfolio management. Tends to be salary plus bonus at most firms.", "replies": [{"id": "g39c8p1", "text": "This is a dream job for me right now!", "replies": [], "depth": 2}], "depth": 1}, {"id": "g3ashyk", "text": "Become an Asset Manager or try to join the real estate team of a tech company.  They have internal acquisition/asset management teams.", "replies": [{"id": "g3aujt3", "text": "Good idea. I'll look into it today. Thank you!", "replies": [], "depth": 2}], "depth": 1}]