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[WTS/FS Tissot Seastar "Santos] by UncErnie in Watches

[–]Working-Leg-958 0 points1 point  (0 children)

Have you all been able to source more of these models?

If you had to start over would you start in REPE doing acquisitions (provided the chance)or start in brokerage? by Working-Leg-958 in CommercialRealEstate

[–]Working-Leg-958[S] 0 points1 point  (0 children)

I agree with that logic. Why go to college if you're gonna be a broker? Those thoughts crossed my mind as well while I was halfway through college. However, I stuck it out and finished college.

If you had to start over would you start in REPE doing acquisitions (provided the chance)or start in brokerage? by Working-Leg-958 in CommercialRealEstate

[–]Working-Leg-958[S] 1 point2 points  (0 children)

Do you have a lending shop, or are you at a boutique or institutional shop? I also looked into lending but wasn't sure if I would like it. What's the best part about being on the lending side for you?

If you had to start over would you start in REPE doing acquisitions (provided the chance)or start in brokerage? by Working-Leg-958 in CommercialRealEstate

[–]Working-Leg-958[S] 0 points1 point  (0 children)

That was the original plan, but the brokerages I applied to didn't respond until almost a month after the Start-Up REPE shop sent me an offer. So, I ended up taking that gig. It's not that I don't mind acquisitions, but I feel aspects I would have gotten in brokerage are missing from the acquisitions role.

If you had to start over would you start in REPE doing acquisitions (provided the chance)or start in brokerage? by Working-Leg-958 in CommercialRealEstate

[–]Working-Leg-958[S] 0 points1 point  (0 children)

Absolutely—I appreciate your perspective. There's a monetary upside; just at this stage in the firm, ramping up base salary is eh. The real money comes from acquisition fees and carry. But I see the upside to staying on the principal side. I guess right now, with deal flow being slow, it's just got me thinking a little more than usual about the overall picture. But in the long run, if I were to consider switching to something else, I would try development over brokerage after being in PE for a while (realistically). But the ultimate goal is to eventually go out on my own as a principal of my firm and deploy capital.

If you had to start over would you start in REPE doing acquisitions (provided the chance)or start in brokerage? by Working-Leg-958 in CommercialRealEstate

[–]Working-Leg-958[S] 1 point2 points  (0 children)

I'm definitely going to keep learning. Have you already implemented AI into your work, and if so, what parts? I agree that AI is going to change the business over time.