您更喜欢收购或开发吗?

Title says it all. Which do you prefer and why. If you could specify, that'd be helpful (for example, industrial dev vs multi acquisitions, etc). Just to clarify, when I mention development, I mean cradle to grave so from acquisition to stabilization or disposition.

有史以来最好的房地产模型。

  • 免费的工具来建立投资者瀑布和运行人口统计
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  • 使用我们的型号或带上自己的模型

Comments (6)

最有帮助的
Jan 30, 2022 - 7:26pm
pudding, 你怎么看?以下评论:

取决于人格类型。发展大部分是项目管理和管理顾问。知道正确的问题。这更像是一种“高级业务思维” - 我只是指您将自己的发展视为业务,并做出许多业务决策,例如花费更多的钱来加速日程,选择顾问和范围,等等。预算等

Acquisitions is much more 'sales' focused and churning through deals to find a diamond in the rough. Managing your external relationships and being the face of the firm to bring in deals. Than managing the process internally and getting it closed. Than move to the next one and do it again.

发展更加多样化。但是,如果您不喜欢项目管理,那么这可能不太合适。收购有些单调,但销售集中。如果您喜欢销售,您可能会享受收购(一旦开始采购交易)。

Jan 31, 2022 - 6:59pm
Pierogi Equities, 你怎么看?以下评论:

This is a really good distinction that I never really thought about, about personality types and how it fits into you managing an ongoing deal/portfolio mgmt vs acquiring new ones. +1

Quant(ˈKwänt)n: An expert, someone who knows more and more about less and less until they know everything about nothing.

2022年1月30日-11:32 pm
弗雷德·弗雷德伯格(Fred Fredburger), 你怎么看?以下评论:

因此,技术开发也包括收购,因为这是开发过程的第一步,但我明白了您的要求。对于我来说,这是一个棘手的问题,因为我认为比较不公平。正如布丁已经回答的那样,它们最终是不同的角色,可能导致不同的人格类型享有各自的角色。有些人是“交易垃圾”。他们真的很喜欢提出商业计划,资产策略,采购交易,为交易融资,然后结束交易,但他们不享受该计划的实际执行。然后,有些人真的很喜欢管理该项目,并协调开发团队并像他们的孩子一样对待开发。如果我说实话,我更像是一个“交易瘾君子”。当我终于找到有效的交易并可以赚钱时,我会变得非常兴奋并痴迷。我喜欢招标过程的快感,并通过电话等待代理商回到我的其他报价或卖方的柜台报价的地方,很高兴从经纪人接听电话并听到他们的声音说“恭喜,您的报价已被接受”,因为现在我知道我将赚钱。 Then I love calling my lenders and getting term sheets and making them negotiate against each other so that I can get the best terms. But I also really enjoy the development management aspect. I guess now that I think about it, what I really enjoy is winning and achieving. During the acquisition process, I love winning the deal (if the numbers work) and during the financing process, I love winning the best terms and forcing my lenders to compete against each other. During the development project, I love the accomplishment of achieving variances/entitlements (I've "won" against the city and annoying neighbors). I love coordinating the architect and engineers. When problems arise, although they are annoying, I love assessing the problem and thinking about the best solution and executing it. Similar to achieving a variance, it is very satisfying to assess a problem, propose a solution, and then ultimately executing a solution thatworks. In my mind I've achieved/won. So i guess I just like achieving and winning, which I can do in both acquisitions and development...it's just more obvious in acquisitions I guess which is probably why I get more excited..

Jan 31, 2022 - 12:51pm
Redever, 你怎么看?以下评论:

因此,OP ..我完全让您意思是暗示比较诸如“收购助理”与“发展助理”之类的角色,但也有点暗示有关职业/行业的问题(至少这就是我采用的方式)。

While comparing to two role is worthy, I think a "big picture" gets missed these discussions...

这就是实际的区别是“发展事业”与“房地产投资企业的职业”(当然,在职业生涯中,一个人可以在两者之间移动。)。

So, my first to response to the "should I take a job in development or in XYZ something else".. is "do you want to work in development/be a developer, etc." This is really the more appropriate debate. Acquisitions is a department, task, and often job role, but it is NOT an industry. Same deal.... development is an industry (and a "process" or "deal type" that's all consuming)... but NOT an actual role/title/function (even if you are "cradle to grave" you still must rotate through roles/functions and chances are you actually specialize more than not, at larger first for sure, more the case).

Rant over... just felt this was a good post to make it!

再次到OP,完全有效/合法的问题,只是认为它可能会产生一些错误的二分法。而且我认为“错误”是在看到有关“获取”如此神奇/特别的东西,并且失去了对其功能的实际房地产业务的视线。相比之下,人们更加正确地将“开发”出现在大门上!我想这是因为它比投资业务要容易得多(请参阅有关如何屠杀“ repe”的帖子)。

Feb 1, 2022 - 10:27am
CRESF, 你怎么看?以下评论:

This is really well put. Most people in development are doing acquisitions as well, but it's just a part of what they do. How I usually frame this to younger people is "what pace do you want?". Acquisitions is go go go, spend 60-90 days on a deal, close it and on to the next one. Development (assuming you are handling cradle to grave) is much more of a long-term project. You are finding an opportunity, getting the opportunity under control, coming up with a vision/business plan, coordinating with 10-15 different parties to make your vision a reality, closing, executing on the development, and managing the project till a sale (whether 3 months after C/O or 50 years). Start to finish (finish being end of construction), you are talking about 3-5 years - and in markets like SF/纽约,可能是10+。开发真的就像一遍又一遍地开展业务。您是一名连续企业家。收购更多地是“向上并击落”。两者都不优于另一个 - 这取决于您喜欢什么和想做什么。

  • 2
Feb 1, 2022 - 5:34pm
jarstar1, 你怎么看?以下评论:

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