Please help me with real estate dev practice Forum

[Anonymous User]

I have some corporate knowledge (*basic* finance, strategy, corporate matters) but I sucked at corporate tax in law school. I did fine with other corporate classes like m&a, debt and equity financing etc. in law school. I studied literature in college but worked in business for a few years prior to law school.

This practice group that gave me an offer is real estate dev whose work includes asset sales and acquisition including deal structuring. I am not sure if I can do this especially because I almost failed corporate tax and I found many attorneys with BS degree in real estate dev.

[Best]

You shouldn't need to know a lot about tax for this. Just know what a 1031 exchange and carried interest is (as in, know what the concepts are so when a deal includes them, you won't be clueless).

If you're doing PSA's, you'll just be adding a provision about 1031 exchanges or whether there will be probated ad valorem taxes.

I think you can do this.

[Anonymous User]

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Thanks so much. This is a small firm doing real eatate trans/lit, corporate matters, labor law and estate planning in a very small market, but their clients for real estate deals are from motels to 4-5 star resort hotels. Would it be plausible to lateral into V100 firm after a couple of years? I was told that IP trans or corporate trans are easier to lateral into larger firms, was wondering if real estate dev/trans would be too

[Best]

Plausible, probably not - especially V100. Possible, yes.

I personally made a similar transition but know that I got lucky.

If that's truly what you want, find a niche in real estate - 1031 exchanges, condominiums, etc.