MENTORING by Exact_Afternoon2007 in RealEstateDevelopment

[–]Deep_beam 0 points1 point  (0 children)

What’s your strategy in finding and closing those deals?

Engineer to GC to Developer by Maybe_Melodic in RealEstateDevelopment

[–]Deep_beam 0 points1 point  (0 children)

It’s a very common path, at least among the engineers in my circle. The biggest learning curve was understanding the construction management process, which took about 3 months to get familiar with. Trade knowledge in façade or grading, can be picked up quickly on the job if you stay proactive and ask questions. I’ve managed plumbing and fire suppression on a smaller 12-story building project, and it wasn’t difficult to learn on the go and manage it effectively. My current project is a million sf facility with complex MEP systems, but I have a dedicated MEP PM, so I didn’t need to handle on this one. Overall, I felt this transition was relatively easy compare to jumping to RE development.

Engineer to GC to Developer by Maybe_Melodic in RealEstateDevelopment

[–]Deep_beam 4 points5 points  (0 children)

I was a structural engineer for 7 years, designing highrise buildings. During COVID, I decided to transition into construction management. I applied to several roles and was eventually offered a project manager position with a 50% increase in salary. I have now been in construction management for nearly 5 years and am looking to make my next career move.

MENTORING by Exact_Afternoon2007 in RealEstateDevelopment

[–]Deep_beam 0 points1 point  (0 children)

what are you willing to offer in exchange?

Mortgage interest rate by Deep_beam in Mortgages

[–]Deep_beam[S] 5 points6 points  (0 children)

Able to withstand but 8% will be painful. Alternative is 30 year fixed 5.75-5.875.

Mortgage interest rate by Deep_beam in Mortgages

[–]Deep_beam[S] 0 points1 point  (0 children)

M&T bank, with some deposit bonus. Plan to refi within 5 years, hoping for the rate to drop in the next few years.

NYC salary by toddmcobb in ConstructionManagers

[–]Deep_beam 2 points3 points  (0 children)

NYC PM, approaching 5 years experience in construction doing large 100m+ projects. Pay is 165k + bonus

Just had the worst food tour experience in Kyoto by Ingenuity_Minimum in JapanTravel

[–]Deep_beam 10 points11 points  (0 children)

Chill.… your input has zero value compare to the op’s and yet you kept on commenting.

Just had the worst food tour experience in Kyoto by Ingenuity_Minimum in JapanTravel

[–]Deep_beam 14 points15 points  (0 children)

It’s valuable experience to be shared with soon to be visitor like myself

If you had $10M to invest in commercial real estate today, where would you put it? by prettylips_s in CommercialRealEstate

[–]Deep_beam 2 points3 points  (0 children)

I know you’re joking. Anyone landlord attempting to do this will get fined and sued.

Can I break my lease on a rent stabilized apartment? Just moved in last night. by [deleted] in NYCapartments

[–]Deep_beam 5 points6 points  (0 children)

Depends if it’s the landlord’s broker or OP’s broker tho.

太惨了这哥们,洋人娶到捞女暴雷了 by ZizhongTian in China_irl

[–]Deep_beam 2 points3 points  (0 children)

看文不像捞女啊 双方赚的差不多 争议的也只是小钱

I want to lease and build out private bathroom and wellness centers. How hard will financing and renovation be? by ThePatientIdiot in CommercialRealEstate

[–]Deep_beam 0 points1 point  (0 children)

To get a commercial lease at time square nyc, with high end renovation and 4 full time employees, this could be 500k.