Looking to make a switch to CRE - how best to do it?
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[{"id": "fz0btbe", "text": "It is doable - but why specifically CRE? Just want to understand thought process before inputting views..", "replies": [{"id": "fz0d6o7", "text": "So I've always had a strong interest in urban development (infill, mixed use development, multifamily, TOD and so on) and ultimately I'd like to get into real estate acquisition/development. CRE seemed to be a good entry point for that", "replies": [{"id": "fz0p64a", "text": "So if you do what you love you'd never work for the rest of your life!\nI'd put that into practice and it kicks some serious as*\nGo for it and hang in there...", "replies": [{"id": "fz0qwgv", "text": "Thanks! I agree, but how, what would be a good way to get in the door", "replies": [{"id": "fz0x33y", "text": "I think you'd many of your questions answered here:\nhttps://www.reddit.com/r/realtors/comments/6k5y3w/new_agent_megathread/", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fz0fdj7", "text": "Have you made a bunch of money with your CS degree?", "replies": [{"id": "fz0g1vb", "text": "Kind of, i only have like 40k in savings", "replies": [], "depth": 2}], "depth": 1}, {"id": "fz0h1px", "text": "Just a passerby in this thread, but one that dabels heavily in programming so I thought I'd offer my $0.02: \n\nI think a good perspective to have would be how you can leverage your technical fluency to better approach common commercial real estate tasks.\n\nFor example, I'm sure you could blow through some structured data and find a short list, statistically speaking, that represented ideal prospects within a local market.\n\nThat's not like you're creating the next Zillow or anything, but that's going to put you a league ahead of any average Joe in your local competitive pool. At least, for individuals. Larger brokerages are likely to have the potential to have a tech team I imagine.", "replies": [], "depth": 1}, {"id": "fz5zxuu", "text": "These other answers are...questionable...\n\nIn a pre COVID world, I would recommend networking and working your way into a major brokerage as an analyst to see high volumes of deals to get an idea of your market and the general skills of CRE. Then working your network to a developer after 3-5 yrs.\n\nBecause we\u2019re in a different world right now, I would recommend a top tier real estate masters program. Learn the analytic side of the trade (it\u2019ll be easy with your CS background) and wait out this strange time. Great grad programs are MIT\u2019s RE masters, Columbia MRED, Wharton MBA RE major, USC MRED, Berkeley Haas MBA/MRED, etc. Intern at a top shop (Hines, Trammel Crow, Boston Properties, Brookfield, Related, Carmel) and network your way into an associate level job after graduation.", "replies": [{"id": "fzitshl", "text": "Would second this as a more likely path. \n\nAnother consideration is to look at turn around and distressed asset shops. They are hiring and the data components are something you can bring to the table once you understand the process better.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fz6xbo7", "text": "Do you have experience or have you begun looking into financial modeling? I\u2019d start there, and since you have an analytical background it sounds like that should come rather easy to you (still could be difficult, but you don\u2019t have the worst background for it). Also, do you have an idea on asset type you want to eventually work on? I\u2019d suggest being open to any asset type at the beginning (excluding retail/hotel). Then do some reading on deals in your market, and take notice as to who the major players are (owners, brokers, firms, etc). Then start networking your ass off with those people.", "replies": [], "depth": 1}]