What an Acquisitions Associate at Witnick Real Estate Partners Wishes They Had Known Before Entering the Real Estate Industry
Brian wishes someone had emphasized the critical importance of Excel and proactive preparation before entering real estate acquisitions. To compensate for a lack of formal real estate education and internships, Brian took online financial modeling courses, which proved invaluable in demonstrating competence during job interviews and provided comfort and preparedness when "underwriting deals" in the role.
Real Estate, Financial Modeling, Excel, Underwriting, Career Preparation
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. Importance of Excel and financial modeling: Excel skills and financial modeling are crucial for success in real estate acquisitions.
2. Proactive preparation: Taking online financial modeling courses demonstrates initiative and provides a competitive edge in interviews.
3. Bridging the experience gap: Online courses can compensate for the lack of a real estate program or internships, showcasing understanding and preparedness.
Transcript
And what have you learned about this role that you wish someone would've told you before you entered the industry?
Going back to some of the most important skills for my job, the importance of Excel and preparing ahead of time really stands out. When I decided I wanted to work in real estate, I took online financial modeling courses that were specific to the industry.
In the interview for my first job, I actually had to demonstrate my knowledge. My college didn't have a real estate program, and I didn't have any real estate internships. So, this was my only proof that I understood what I was doing.
It showed that when it comes to underwriting deals, I'm not just learning as I go. I actually have prior experience. I always recommend that people take online financial modeling courses.
These courses will really prepare them, not only for getting a job but also for being more comfortable with their day-to-day work once they are in the role.