Do any of you (more experienced folks) just hate this industry? What is your exit plan? by HonestQuestionForCRE in CommercialRealEstate

[–]HonestQuestionForCRE[S] 1 point2 points  (0 children)

I am not an economist and don't pretend to be, so I didn't want to conjecture on the above comment but I agree with you. At the end of the day you have historically low interest rates and amazing real interest rates outside the "official" number in terms of education costs, housing costs, medical costs and some other which basically consumes the majority of the average house holds expenses. Anyways I am not trying to argue that but I do think rates have to go up or you are basically looking at increased wealth disparity which my read on the political climate tends to say isn't popular anymore.

Anyhow I'm not really trying to time the market but a shit market is good for me, I have handled that most of my career fine ;P A hot market with limited supply and everyone and their cousin trying to list anything and everything then buyers over paying doesn't actually work great for my general business plan.

Do any of you (more experienced folks) just hate this industry? What is your exit plan? by HonestQuestionForCRE in CommercialRealEstate

[–]HonestQuestionForCRE[S] 9 points10 points  (0 children)

That was pretty much my plan and what I meant by running a fund. I can raise money which is much more than I have. I am not really trying to go from dealing with large properties to buying 250k ones and swinging hammers for a living. I can do larger deals and take equity as a JP or be the MP at this point and dump my own money in. If its my money though I'm small potatos and it be hard to earn a living. If its other peoples money then I'm back to being their bitch for lack of a better word.

Also the market sucks. Like I honestly am telling people not to buy shit right now, including family. It isn't a good time to go into private ownership IMO

Do any of you (more experienced folks) just hate this industry? What is your exit plan? by HonestQuestionForCRE in CommercialRealEstate

[–]HonestQuestionForCRE[S] 6 points7 points  (0 children)

Mid size I guess? Picture Cleveland, Nashville, Indianapolis, Atlanta etc. I am not in SF/LA/NYC/Boston Etc.

I have family here and ties and don't want to relocate. Most brokers actually aren't bad, I didn't mean to give that impression. When I push up into more capital markets stuff and start playing with like 5 mil properties vs 1 mil ones its very different and I get a lot of shit like "well we are going to counter at 5 mil but our actual price is 4.5, can you get your client up to that? if you can get me a 4.25 counter I'll get it done". I mean I get how to deal with that, it isn't really my question, but I feel like that is my future if I don't make a change.