November 11, 2008
what courses or program should i study? (real estate investment)?
i.will.survive. asked:
I am 21 years old and am a big entrepreneur, always looking to make money. I would eventually someday like to get into buying or designing property (not the physical building part of it), then turn around and sell it for profit. ( property flipping.) This is something down the road when i have the money to invest. Currently I have 1 semester of business administration towards my associates degree under my belt. Am i going down the right path? Should I be going to school for Architectural engineering? I have never worked construction or anything, but I want the general idea (landscape or blue print of things) to know exactly how to renovate and build properties to maximize profits. What should I do? Thanks
I dont necessarily want to buy and sell for a company or rather work in an office. its something i want to do on my own. Kind of like private investing i guess? Should i still need my real estate license?
so with this being said, i shouldnt attend architectual school or business? If i get my real estate license, I would learn most of what i need to know?
I am 21 years old and am a big entrepreneur, always looking to make money. I would eventually someday like to get into buying or designing property (not the physical building part of it), then turn around and sell it for profit. ( property flipping.) This is something down the road when i have the money to invest. Currently I have 1 semester of business administration towards my associates degree under my belt. Am i going down the right path? Should I be going to school for Architectural engineering? I have never worked construction or anything, but I want the general idea (landscape or blue print of things) to know exactly how to renovate and build properties to maximize profits. What should I do? Thanks
I dont necessarily want to buy and sell for a company or rather work in an office. its something i want to do on my own. Kind of like private investing i guess? Should i still need my real estate license?
so with this being said, i shouldnt attend architectual school or business? If i get my real estate license, I would learn most of what i need to know?
Filed under Renting & Real Estate by Administrator
Comments on what courses or program should i study? (real estate investment)?
First, get your real estate license. It will teach you a lot, then you can get a piece of the commissions on every one of your future transactions.
Next, start buying small, cheap places. Fix them up and re-sell. Even if you are not making any money on your first few deals…you will learn the things you need to know so score big later. You will also learn the things you need to AVOID so you dont lose big later.
I started doing this about six years ago and own several rentals now. I learned so much that I decided to go to law school to become a real estate attorney. I started by getting a real estate broker’s license. The licensing process ensures that you have a basic understanding of real estate transactions. Plus, if you act as an agent on your own behalf you will collect a commission (usually between 2 and 3% in most states. Also, try to find a mentor or someone to work with who can show you the ropes. Experience is invaluable.