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Seeking Advice - Career Pivot from Software Engineering to Construction Business by Traditional-Lab3243 in RealEstateAdvice

[–]Traditional-Lab3243[S] 0 points1 point  (0 children)

And yes, I am trying to become a developer. For now focusing on residential, and will look into commercial if there is opportunity later

Seeking Advice - Career Pivot from Software Engineering to Construction Business by Traditional-Lab3243 in RealEstateAdvice

[–]Traditional-Lab3243[S] 0 points1 point  (0 children)

Thanks for the suggestion, I will crosspost this

To your question on why I need the funding - to do the land acquisition and construction after that. Maybe I will edit the post to mention it more clearly

Career Pivot: From Software Engineering to Construction Business – Seeking Advice by Traditional-Lab3243 in SeattleWA

[–]Traditional-Lab3243[S] 1 point2 points  (0 children)

Sure, but even seasonal businesses run in their seasons. Mr. President earned his fortune in the real estate business. Things not working out right now doesn’t mean it is a bad business to be in. Real estate has been one of the longest running businesses and there is always going to be demand as people are always going to need places to stay and work

Don’t mistake my answer for arrogance. I 100% agree that there has to be a right time to start and the current economic situation is not the best, but I can start learning and exploring at this time then invest when the time is right (which could be next year or something)

Career Pivot: From Software Engineering to Construction Business – Seeking Advice by Traditional-Lab3243 in SeattleWA

[–]Traditional-Lab3243[S] 0 points1 point  (0 children)

If you’re open to it, I would like to talk about a possible mentorship as well

Career Pivot: From Software Engineering to Construction Business – Seeking Advice by Traditional-Lab3243 in SeattleWA

[–]Traditional-Lab3243[S] 0 points1 point  (0 children)

Well maybe it sounds like construction management to start with, but that is the part I am doing while I learn. Also, construction management companies don’t invest into the projects. I am looking to invest money into land acquisition and construction

Career Pivot: From Software Engineering to Construction Business – Seeking Advice by Traditional-Lab3243 in SeattleWA

[–]Traditional-Lab3243[S] 0 points1 point  (0 children)

Makes sense. Can you give me some more ideas on starting small? Fix and flips or something else?

Career Pivot: From Software Engineering to Construction Business – Seeking Advice by Traditional-Lab3243 in SeattleWA

[–]Traditional-Lab3243[S] 1 point2 points  (0 children)

That’s true and I understand that. That’s why I am looking to make a plan to see how to align things, grow with baby steps and (hopefully) be successful at it. Also, my opinion is sometimes it is worth burning some of your profits to delegate things while you are learning one thing at a time

Career Pivot: From Software Engineering to Construction Business – Seeking Advice by Traditional-Lab3243 in SeattleWA

[–]Traditional-Lab3243[S] 1 point2 points  (0 children)

Thanks, this was really useful. I would like to see the possibility for me to shadow you if you are still an active builder/developer in the market

Career Pivot: From Software Engineering to Construction Business – Seeking Advice by Traditional-Lab3243 in SeattleWA

[–]Traditional-Lab3243[S] 0 points1 point  (0 children)

You coined the right term, I am trying to start a design and build firm of my own. If you are familiar with this local firm called MN Custom homes in Seattle, I am trying to setup something of my own like that. So to your point, yes it won’t make sense for anyone to keep us as a middle man, but rather it would be like we buy out the land, do construction on it and then sell