Career advice for 50M Software Engineer trying to get into CRE
I am new to real estate. I am planning to break into CRE by signing up for CCIM. I am good at numbers.

Any thoughts? What does the runway look like? How does the risk reward look like. I make \~USD200KPA

(50 Male), 
[{"id": "i4stdri", "text": "Do you want a W2 or to own?", "replies": [{"id": "i4sv39a", "text": "Eventually to own, may be first few deals on W2 with some firms.", "replies": [], "depth": 2}], "depth": 1}, {"id": "i4u7zum", "text": "CCIM is a good start, perhaps not enough to land a W2 job squarely with a well capitalized firm that has a decent pipeline. I don't know your current degree but there may need to be some additiinal education needed, MBA, MSRE etc..You'd be competing with younger people on the analysts side and more experienced people on the CFO and finance side. I say this because I had a late life transition after along career in another industry as well. However CRE investment had been a side gig for many many years.\n\nIf you don't want to add more schooling, go the syndication/ownership route. This is an equity and sweat route so it may take longer to get sustained personal income. If you need to support yourself do the W2 route. But, It's possible to build your portfolio very quickly by networking and hopefully finding the right partners to work with. Investing passively could help but I would be at the networking and guru events, networking, getting up to speed on the lingo, how things work and finding good operators to invest with passively or partner up with actively.\n\nMultifamily is crowded and the easiest to learn in terms of how the leases work. Multifamily is the new flipping houses. This is the result of cheap money and people know just enough to be dangerous. The fundamentals are strong and resilient, but we are at the top of the market and the syndication space has become very commoditized with retail investors. I'm sure some of your tech colleagues pass deals around or are part of investment clubs, so one deal may not seem different from another as long as there's an 8% preferred return and a 15% IRR.\n\nSo, I would be learning the mechanics other asset classes aside from residential MF. I wouldn't want to be a one trick pony during a recession. Office &amp; Industrial both have niches that are overlooked by many right now. Take time to study how the leases work, tenant requirements and how the capital is structured. You'll be ahead of your peers and will e entirely be able to add value to whichever team you join.", "replies": [], "depth": 1}, {"id": "i4ujwx2", "text": "Man, I read that as $50m lol\n\nIMO, take the CCIM financial class to understand the basics, keep your current gig, and look into investing into syndicated deals. Eventually you may be able to chase your own deals. You would have to go WAY WAY backwards financially to move into CRE full time. The ramp up to $200k is somewhere between 5-10years and never unless you happen to strike oil. That\u2019s a pretty huge risk at this stage of your career.", "replies": [], "depth": 1}]