Where to go next in my career....HELP PLEASE! | FerrariChat

Where to go next in my career....HELP PLEASE!

Discussion in 'Other Off Topic Forum' started by TexasF355F1, Apr 7, 2008.

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  1. TexasF355F1

    TexasF355F1 Seven Time F1 World Champ
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    Feb 2, 2004
    72,535
    Cloud-9
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    Jason
    I really hope you guys can help me out in any way possible. I'll cut to the chase, I'm looking for a job in the Commercial Real Estate field. A while back,my cousin told me about becoming a commercial appraiser. Which he did for 8 years. It sounds very interesting, I can learn a lot about real estate, network, and best of all I'm not always sitting behind a computer. While this was what I really thought I would make a transition to, I've began thinking otherwise.

    I don't want to sell myself short. Therefore, I want to look at as many possible types of jobs available in commercial RE. I'm really looking at my next job, as the big leap into creating a true persona for myself. Something that gives me a positive feeling, frustrates me, intrigues me, and is just a continual learning experience that in the end can lead to success. Success of any kind. You don't have to make millions to be successful.

    I graduated college in '05 and have been working for the same sub-prime mortgage company for the last 2.5 years. Little has changed since then. When I was awarded the Employee of the Quarter for my department in Dec. '06, I was really expecting things to change for the better. They've just sort of done the "Oh yea, of course. When something presents itself we'll work on it", when I've talked about moving up. There have been at least 3 times when they could have moved me up, instead they hired new college grads who had no more experience than I did when I graduated.

    I have one sick day and show up at the same time everyday whether I feel well or not. I'm hourly (still), and was working 9-9.5 hours everyday, until last year they said I couldn't work OT any longer due to our parent company going under. I'm quite frustrated to say the least, and know I'm unappreciated by the lack of opportunities presented.

    I really appreciate any help you can provide me with insight, first hand experience, websites, local companies to look at, places that would be great to send my resume to (currently updating).

    Feel free to ask me any questions. This may help someone help narrow down areas I should look in.

    Since I know some of you see me post during the day sometimes, I'll be skipping viewing this thread while I'm at work for obvious reasons.

    Thank you.
     
  2. S Brake

    S Brake F1 World Champ

    Aug 3, 2006
    17,182
    Utah
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    Dave
    I don't know how much I'll be able to help you out considering I won't graduate from college until next year, but I'll still offer what I can. The first thing I would look into would be doing internships in several fields so that you can see what direction you want to be headed. If you can, consider doing unpaid internships as well. This summer will be my third internship, this time with a public REIT and it will be my last internship before graduation. Second, networking will get you further than anything else that I have come across. Get really close with people who are successful and show them how hard you're willing to work so that they will give you a shot at responsibility.
     
  3. Cicada

    Cicada Formula 3

    May 22, 2005
    2,439
    Indian Wells, CA
    Full Name:
    Bryan
    The same thing happened to me for a while. I was a part time paid intern at the IT department on my college campus...I had only missed about 4 or 5 days in that 3 years. They had always talked about hiring me full time as staff, but they never got around to it, or gave some excuse like the budget doesn't allow it. The summer before I quit, i offered to work full time, and took on extra responsibility. I was far and away the smartest, and most hard-working employee they had. I picked up everybody else's slack. By the end of summer (around august) they said that they would hire me as full time staff, once school started up again in late September.

    September came and went, and when I approached them about it in October, they said that they would be hiring 2 more interns instead to help with the workload that I had no problem keeping up with, and that they would continue to keep me as part-time. At that moment, I knew I had to quit. Since it was valuable work experience which I have little of, and they would be my only real references for future opportunities, i made up some BS excuse like focusing on school, and told them that i would finish that week [only 2 more days] and that was it. I couldn't get jerked around like that anymore. I'm pissed at myself for taking 3 years to realize it.

    in short......quit. :) Though, that may not be the best thing to do until you have something else lined up. I quit in Oct. '07, and I STILL haven't found a job. Either it's too competitive out there right now, I suck at interviewing/networking [read: BS'ing], I don't have enough experience, or companies simply aren't/can't afford hiring at the moment with the economy in a slump.

    or all of the above. It's so hard to convince people to give you a chance :p
     
  4. Gilles27

    Gilles27 F1 World Champ

    Mar 16, 2002
    13,337
    Ex-Urbia
    Full Name:
    Jack
    A little devil's advocate here:

    I don't know you, but based on what you say you're young, ambitious and I guess responsible and good at your job. It's possible that your company has no interest in your further advancement. The harsh reality is, many companies operate that way. Also, while it may seem as if you've been at this forever, you've only been out of college for 3 years--way too soon to be referring to this job as a career. It's been my experience that many of today's younger members of the workforce are too impatient to accept putting in their time, and have an over-inflated sense of self worth. What's funny is, I've discussed this with many friends of mine in all different business--from my kennel to partners in successful law firms, ad execs, traders--and we could all be talking about the same business since it's the same everywhere. Again, not knowing you I don't like to assume anything about you. But take an honest assessment of yourself, your company, the line of work you're in and the entire situation. The bottom line is, it will rest squarely on your shoulders to prove your worth, whether it's with the same company or with a different one. And any company you interview with will be certain to verify everything you have said about yourself, so be prepared to hear a different perspective of your tenure. Good luck.
     
  5. TexasF355F1

    TexasF355F1 Seven Time F1 World Champ
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    Feb 2, 2004
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    Jason
    SBrake, unfortunately that won't do for me. Since I've already graduated college. Thanks for your advice though.:)

    That's exactly why I posted on here, because I know a lot of people get screwed around. I've heard it from enough people to know that.

    I definitely won't quit until I have a job lined up. I really can't wait to walk in to the bosses office and say "I quit". It will be a great stress reliever.

    Thanks for the advice.

    I guess I shouldn't have said "career". I was really just implying on the next step in the "real world". I just know the field I want to work in. Which is my main reason for posting in the first place. I know there are a few RE people are on the board, and I was hoping they could give me some insight or various job types (descriptions) that are available that I may not know are out there.

    As well as if there were any current or former Appraisers (commerical or residential) that could also provide me with any sort of information.

    Thank yall for your help.
     
  6. bounty

    bounty F1 Veteran

    Feb 18, 2006
    7,769
    San Diego, CA
    As much as this might be a good stress reliever. I would strongly suggest giving a proper 2 weeks notice and being polite and gracious. They have, after all, helped you pay your bills for the last few years and also, more importantly, you never want to burn any bridges. You just never know when, where, or how...but there is a chance that you and your boss might cross paths again.
     
  7. Mrpbody44

    Mrpbody44 F1 Veteran

    Jul 5, 2007
    7,899
    St Augustine Florida
    Full Name:
    Steve Metz
    Don't waste your time trying to be a commerical real estate appraiser. I have my appraisal license and there is a large over supply of appriasers. I have gone from making $15,000 a month last Aug to $1,200 a month doing real estate appraisal work. I have gone back to doing art appraisals and running my guitar company. The market is dead and will not come back for another 3-5 years. The mortgage market is dead and will be for a while as more lending institutions eleminate they wholesale business.

    What you are missing is that you need to build a network of people who you can help and can help you. No one cares about how many days you came in sick and how much over time you worked. Work on building a long term network. Work on your political skills they will get you farther than your attendence skills. Get a job in sales ,sales experience will help you in any job you get. They are always hiring sales people even in a bust.
     
  8. TexasF355F1

    TexasF355F1 Seven Time F1 World Champ
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    Feb 2, 2004
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    Jason
    Don't worry, I will definitely be giving a proper 2 weeks notice.

    Thanks for the advice.

    I've heard varying sides on the appraising, your's being the worst. I've heard some (my cousin), saying he made a killing during the downturn in the '80's, and other's who never were doing bad, but never as bad as you've described.

    I definitely know I need to network, and that's why I'm wanting to be more picky on my next job.

    Thanks.
     
  9. Mrpbody44

    Mrpbody44 F1 Veteran

    Jul 5, 2007
    7,899
    St Augustine Florida
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    Steve Metz
    Real estate appraising used to be a great profession and very profitable but like many other professions it is facing ruinous competion with the low barrier to entry. I do not know any other job with a high school degree that you can make $200,000 a year like you could doing real estate appraisals. (I have a masters degree in apprisal) Way too many people went into the field. In other downturns appraisers got a lot of the repo work but in most states now realtors have been doing repo reports for $35 where appraisers used to get $500-$600 a report. But in the last 2 years that goose has been cooked and the party is over.
     
  10. TexasF355F1

    TexasF355F1 Seven Time F1 World Champ
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    Feb 2, 2004
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    What you say makes a lot of sense.

    I know there are professions out there that have yet to be tapped and drained. I just need to keep looking and talking with as many people as possible.

    Thanks again for your insight.
     
  11. bbs911

    bbs911 Formula Junior

    May 31, 2007
    590
    Dallas
    saying you want to go into commercial real estate (CRE) doesn't give you focus. CRE is a huge field. I happen to be a commercial real estate developer, but there are any number of jobs in CRE in addition to mine. there is brokerage, leasing, tenant representation, property management, commercial lending, and so on. do you fancy office space, retail, industrial? all of these jobs are in CRE.

    i think, like previous posters, you need to find an area (perhaps one of the ones i mentioned above?) that interests you or suits your personality and capitalize on your strengths. interning somewhere is not a bad idea. fortunately, i don't know the answer to this, but some brokerage firms may give you a shot because they're commission only.

    there are gobs of firms in the houston area in all these areas and you're lucky because houston is in a lot better shape than other parts of the country right now.

    good luck and i hope this helps.
     
  12. TexasF355F1

    TexasF355F1 Seven Time F1 World Champ
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    Feb 2, 2004
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    Thanks a lot. You really gave me exactly the answers I was looking for.

    I'm just going to have to research the various job titles you listed. As well as ask around about the differences between all of the job types.

    After rereading my original post, I find it to be a mumbled mess of words. The problem is, I don't know where to go next. I've never had that desire, or interest to get into a specific field. I've discussed this with my parents countless times, and I think they're as bummed as I am about the brick wall I've hit.

    As with everything else in my life, I'm going to keep moving forward. All I can do is take chances and see where they lead me. I have a lot of fears and other things affecting my life right now. Finding a job is just thrown in the mix. I rarely get stressed out, and while I don't feel like I'm truly stressed I'm not sleeping well and I know all of these things are the root of it.

    So I did it again. Thanks again bbs for all your help. It was precisely what I was looking for. I think you've helped me a lot more than you or I know. :)
     
  13. bbs911

    bbs911 Formula Junior

    May 31, 2007
    590
    Dallas
    Texas,

    Keep in touch and let me know which direction you decide to head in. If you can't figure that out, let me know that too and I'll be glad to try to help in any way I can. I've been in this business for a while and it's a great business. Keep your head up and don't get discouraged. You're still young......very young and the first job you land in CRE probably won't be the one you keep for your career. In fact, I'd probably look at it as an introduction to other areas of CRE that may even interest you more.

    You can pm me anytime.

    Best regards,

    BBS
     

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