What Type Of Person Thrives In The Real Estate Industry According To An Acquisitions Associate At Witnick Real Estate Partners
Brian, an Acquisitions Associate at Witnick Real Estate Partners, believes that those who "thrive in this industry are people that are well connected," emphasizing the importance of networking with lenders, brokers, and investors to gain a competitive edge, as "so many people do deals with people that they know or people that they like." Strong relationships with brokers, for example, can provide early access to deals and opportunities.
Networking, Relationship Building, Competitive, Industry Knowledge, Opportunity Creation
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Brian McNulty
Acquisitions Associate
Witnick Real Estate Partners
Bentley University
Bentley University - Masters in Finance
Finance
Finance (Banking, Fintech, Investing), Real Estate
Real Estate
None Applicable
Video Highlights
1. Networking is crucial for success in this industry; deals often happen between people who know and like each other.
2. Having connections, such as friendships with brokers, can provide a competitive edge in accessing opportunities.
3. Building a strong network of lenders, brokers, and other investors is essential for thriving in this field.
Transcript
How would you describe people who typically thrive in this industry?
I would say the people that thrive in this industry are well-connected. Many people learn the importance of networking and building relationships in college; that is 100% the case.
So many people do deals with those they know or like. Also, as I mentioned earlier about how competitive things are, having friends in this industry is beneficial.
For example, I'm looking to buy buildings. If I'm friends with brokers, they might send deals to me first. That might give me a competitive edge over other people. Building a strong network of lenders, brokers, and other investors definitely helps people thrive in this industry.