You just quit your job...You are off on your own...What are the first couple things you do?

Title says it all. You have 7+ years of development or REPE experience, and the Marcus and Milichap broker has sent you a land site or class C 150 unit apartment deal in the Dallas MSA. You have enough money to do third party reports and put up the deposit. You quit your job because it will generate enough fees for 1 year. What are the exact steps besides put it under contract? 

 
Most Helpful

1.) Not put it under contract because I have no idea how I am going to finance this thing.

2.) Figure out how I am going to finance future deals

3.) Think of an actual strategy and how I will differentiate my business from competitors or have a competitive edge

4.) Continue working for a company that ideally pursues similar deals to the ones I want to pursue until I figure out how to finance similar transactions and have an actual business plan.

 

Eos vero minima qui magni nam maxime. Iure rem qui corrupti in. Et explicabo facilis expedita iusto officiis placeat impedit. Ut itaque voluptatum ea rem.

Autem facere aut aut quae. Nobis et harum explicabo aut exercitationem quaerat consequatur cupiditate.

Adipisci autem et labore quia occaecati explicabo omnis inventore. Fugit vel expedita assumenda culpa eius. Sunt molestiae vel consequuntur adipisci. Velit est ullam voluptatem ipsam maiores eligendi.

Consequatur quis amet odio dolorem eaque. Molestiae voluptas eum suscipit facere aut. Maiores ut eius est repudiandae dolor voluptas.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (20) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”