Money vs. Experience

猴子,

At the beginning of every year I always think of the classic debate, money vs. experience.

在房地产中,我们中的许多人都梦想着拥有自己的投资组合。但是,有时房地产的薪水明显低于其他职业道路(IB,PE等),我经常想知道拥有自己的投资组合的最佳途径是什么。

房地产经验很重要,但是拥有资本密集是重要的,因此,在理想的世界中,如果您能在当前角色中获得经验和金钱,那将是最好的(尽管实际上有时您有时您会为另一个交易))。

Which do you guys think is more important? Is it money to start doing your own deals or is it the experience?

My thought has recently been leaning towards money, as it is easier to tie up deals and you don't need to be as creative to start doing deals. In this day an age, I believe real estate has changed with the amount of information available - going back 30-50 years ago (in my opinion) you could be extremely creative due to the lack of available information. Real Estate players could seek out great opportunities with less capital if they were experienced, which I am not sure is the same case anymore.

Even with a lot of experience in this day and age, you still need some sliver equity as a GP / operator to have investors come alongside you, which can be a significant amount of money (i.e. 20% equity in a $5M deal with 60% LTV is still 300K).

Wanted to get some thoughts as I constantly struggle with this debate. Would love to hear from people's own experience or what they have seen other's do.

Cheers,

内斯

注释 (3

  • 分析师1re-通讯
Jan 4, 2022 - 2:12pm

From speaking with people in the industry about entrepreneurship I've always heard opinions that are polar opposites in nature. I either get feedback that says 1) get the knowledge and expertise. The money is out there and isn't the issue 2) money IS the issue. Never really hear a middle ground. What I said doesn't add much value to this discussion, but thought I'd chime in with what I've heard.

另外,问题:与5-10%的交易中的GP权益不是吗?

  • 副2re-通讯
Jan 4, 2022 - 5:22pm

I'm getting the experience but I might as well be paying for it. I think if the tables were turned, I'd probably have the same complaint from the other side, all the money and no great experience.

Fucked if you do fucked if you don't, there is no golden ticket.

Jan 5, 2022 - 3:22pm
REmonkey2, what's your opinion? Comment below:

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