I’m an enterprise B2B SaaS sales rep selling complex deals into Fortune 500 companies and I’m trying to figure out how to break into real estate development purely because I absolutely love it.
I don’t want to be real estate agent nor have enough to invest in my own projects. I just want to involved. I love seeing the progress and then final project.
My background is in executive relationships, negotiations, business strategy, presentations, and managing long multi stakeholder deals. I’m much more interested in the creation/building/business side of real estate.
What roles should someone like me target?
– Developer business development?
– Capital raising?
– Owner’s rep?
– Construction/developer partnerships?
– Acquisitions?
– Something else?
Would appreciate honest advice from people actually in the industry on the best entry point.
Looking to Get Into the Business Side of Real Estate Development. Best Entry Point?
byu/Pepalopolis inRealEstate
Posted by Pepalopolis
2 Comments
Look into roles like development Associate,Acquisitions, project development consulting etc. Also learn development finance basics, then target small entrepreneurial developers first since mid sized firms are willing to value transferable skills
Question is why? Did you do the math on these projects, it’s terrible and the time horizons are a decades long with multiple delay risks. Commercial real estate is at its worse, Cap rates are tied to the quality of tenants.
Financing is super expensive, land is worthless/illiquid. There are private family offices who own this landscape like the mafia and barriers to entry are high unless your rolling in liquid dough.