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Updated about 1 year ago,
Should I Change Careers?
Hey All,
My ultimate investment goal in real estate is to be able to own, or possibly develop, large multifamily properties. I am 26 doing project management for a large commercial general contractor, but am wondering if I should change career paths to work for a multifamily investor or large developer. The thought would be to try to grow knowledge and connections in the industry to hopefully accelerate the ability to buy multifamily properties in the future. I like my current career and think I would be able to use the knowledge I've gained in the construction field to renovate existing multifamily properties or help run new development projects.
Currently I have one property that is currently being used as a mid-term rental. We don't have enough money to personally put down on a commercial multifamily deal, so the goal is to buy a 1-4 unit to live in while we grow knowledge/capital to be able to purchase larger deals.
Any advice is helpful on the possible career shift or other advice on getting started in multifamily investing would be appreciated!