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Updated about 9 years ago,

User Stats

8
Posts
0
Votes
Evan Fine
  • New York City, NY
0
Votes |
8
Posts

Best Real Estate Team to join in a Bank

Evan Fine
  • New York City, NY
Posted

Hi Everyone,

Thanks for checking out my post.

I'm currently at a Big 4 Bank in NYC and don't like the idea of having a single source of income. I have decided that Real Estate is my path to personal satisfaction and financial stability. 

What I'm here for is to hear your opinions of how I may leverage my current position for the best available options.

You can see additional details about my background in my profile. Below is a quick summary to save you the trouble.

- Currently a technology PM/BA at a bank, which has a RE Business

My Goals: 1) Transition into the RE Business from IT, 2) Invest in a house myself or for income, 2) Transition between the available teams to learn as much as possible for an exit opportunity of starting my own company

- The Bank has almost all of the imaginable RE teams: Acquisitions, Research, Management, Development, etc...

- Each team also has a focus: Retail, Commercial, Residential, Infrastructure, Marine, Office, etc...

- I have been focusing on networking with the Acquisition and Research teams since I believe those will be the most visible roles to the investment process

- I have read a few Broker/Agent/Investing books and reading RE Financing/Investing right now. Considering the online RE MIT courses and a CFA Level 1 if I am to pursue the Research team

- Finances: Annual Cash Flow to Savings from salary: ~$20k/yr. Debt ~6%

- Considering starting in small SFH

How and Where did you start? What would you recommend in my position? RE in Manhattan is ridiculous and I won't be able to afford that for a while. I would consider the surrounding Boroughs and NJ. 

Am I thinking too small? With the experience I would gain in the above positions maybe I would be more suited to start a Commercial company or join the board of an existing RE company.

Which team would you recommend and why?

Thank you for taking your time and reading my post!

Ev

Note: Please don't use the e-mail in my contact info since I do not check it often. Contact me here instead.