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How do you get started in real estate? Is it a good career?
I'm still in middle school, yet I have already had a plan since elementary. I was wondering what exact types of education and or classes, I would have to take in collage to buy real estate, flip it, and sell. If so how much do you make for the first few years, would it be good to have a backup job? Is it possible to run a business and real estate? #career #business #estate
Thanks! :)
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5 answers
Updated
tim’s Answer
I'm not a real estate expert, however I know 2 thing over the long run will benefit you:
1- Learn early from a pro.
2- read as much as you can about real estate
3- get a job any job in real estate
4- Learn how to ready and direct contracts
5- get as many mentors willing to get you under their wings
6- don't be afraid and concerned about failures and rejections
7- invest if your able, real estate is better in currency and hold its value in the era of printing billions
8-learn how to read the future , you always see it I. Big cities, dumbs turns into prime
9- stck to your plan no matter what
All the best and good luck
1- Learn early from a pro.
2- read as much as you can about real estate
3- get a job any job in real estate
4- Learn how to ready and direct contracts
5- get as many mentors willing to get you under their wings
6- don't be afraid and concerned about failures and rejections
7- invest if your able, real estate is better in currency and hold its value in the era of printing billions
8-learn how to read the future , you always see it I. Big cities, dumbs turns into prime
9- stck to your plan no matter what
All the best and good luck
Updated
Kody’s Answer
Anyone can get started in real estate! The most important thing you need to get started is money. Once you have some money, you can get a team of hardworking individuals who will help you fix the house and then eventually flip it. As you accumulate more money, you will be able to flip more houses at once. A good idea would be to work for someone who is currently flipping houses and learn from their experiences before venturing out on your own. You could easily own a business and do real estate! It's always a good idea to have another job while flipping houses because it takes months before you see any profit.
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Omar’s Answer
It only takes to be state certified to sell real estate, BUT to be successful is a different thing. I would highly recommend to join local real estate groups to learn as much about the industry. Being young, many will attack your experience so be sure you are well educated. Places such as Bigger Pockets serves as a forum for learning real estate. Knowledge is definitely power but be sure to also learn how to market yourself and your services. And one thing that forums and local real estate groups will teach you is that money isn't the gating factor but rather the opportunities. Learn how to negotiate these obstacles. There are a ton of people with cash to invest if given the right opportunity. If you can find them, then that is a business in itself within real estate.
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Jennifer’s Answer
From experience this is a great business to have either dedicated or on the side. Networking is key. Make sure you know other real-estate agents or folks in the business who can make you aware of flipping opportunities. Start small. Get your feet wet with smaller projects until you get some experience under your belt. If you are going to do the work yourself, you will need to invest in tools and machinery. Do some projects around your home first - you will save a lot of money if you can fix things along the way instead of paying someone else to do it. Save the complex projects for the professionals and make sure you develop strong relationships with partners in the business. It will/can be a win-win for all parties if you do the math and plan for things to go wrong along the way.
Christopher Wilson
Fraud InvestigationsManager, Writer/Editor/Content Producer, Prior I.T.
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Christopher’s Answer
Both of the above answers are great. There's little barrier to entry, but success is far from a given. Only be willing to invest money you're prepared to lose a portion of, and partner with someone who knows the ropes -- and the local rules. Good luck!