Leveraged Breakdowns

This is the second part of a conversation I had acting as a real estate private equity guide to an interested student. I figured you guys might find it helpful in addition to the real estate private equity model I generally teach on my website.   Student: Thank you for the tips. I've glanced at it but haven't looked at your website in depth yet. A couple things I want to touch on. When you say "Recruit" do you mean apply? Secondly, where can I start learning about the industry more? I found resources like ULI helpful, but is that it? Such as a REIT Asset Manager? Is it better to get into a giant megaund? Lastly, is the CFA helpful? Have you ever seen it in the industry? Thank you, again. I'm starting to read through all your posts, wow, there is so much value here. I think you should charge $ on your reddit comments.   Lev: Let me break out my responses: By recruit I mean apply, network, call, anything toward getting a job To learn about REPE, loo

Below is a conversation I recently had with a student, which others might find helpful.   Student: I saw one of your posts on Reddit regarding breaking into REPE and you said you'd be happy to help anyone with questions. So, I decided to take you up on that offer considering a similarity you have with me which is that I come from a non-target (Class of 2018), like you, and have been very interested in REPE. Given you've had great success, I'd like to pick your brain. To start off, I am interested in REPE, development, and deals. I thought that traditional finance was the end-all-be-all as I’m currently in a non-investment role with a Bond AM but have really turned my head onto real estate: the power of leverage, cash-flow, value-add, etc. With that said, I am a CFA lvl 2 candidate trying to produce shine on my resume because that is all that I have to show coming from a small liberal arts school. Do you think this is an absolute waste of time to continue going for