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What can i do to start early for real estate?

I'm 16 years of age and I would like to start doing real estate. I know I'm not old enough for a license but is there anything I can do to get a head start?

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Trevor’s Answer

Hello Trey! Here's an uplifting guide to help you:

1) Dive deep into the industry. Read industry publications, take relevant courses, and familiarize yourself with real estate law. Knowledge is power!

2) Connect with real estate professionals. Seek their advice on best practices, their journey, and potential risks. If possible, try shadowing or interning to gain hands-on experience. Remember, every connection is a new opportunity!

3) Boost your financial literacy. Get a grip on financing, mortgages, interest rates, and taxes. Learn how the capital market operates and master the basics of budgeting and saving. Your financial wisdom will be your greatest asset!
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Robin’s Answer

Hi! Real estate can be an exciting and lucrative field! I suggest going to open houses in your area to get a feel for the process and to ask the agent questions. You can also research and begin studying the material for the licensing tests and requirements. Real estate can be inconsistent, so you'll need strong budgeting skills to save for slower periods.
Thank you comment icon Loved reading this, thanks! Trey
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Carla’s Answer

Trey, Real Estate has always been an interesting field for me. While you may be too youg to register for a license you may be able to begin preparation and learn a little more about the field. I would start by going to your library or book store. I am sure you will find what you need as far as material there. I would also suggest reaching out to a realtor or real estate office and let them know of your interest. They may give you some insight on what a real estate career is like day to day. I hope this helps and I wish you much success
Thank you comment icon I appreciate this, thank you for the advice. Trey
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Anthony’s Answer

Hello!
Please, note the following, relating to, what to do to start early for real estate :-
1. Congratulations for this bold vision.
2. The need to have the requisite knowledge in the business.
3. The required capital for the business.
4. Proper management of the business.
5. Diligence and Determination.
Best regards.
Thank you comment icon Anthony, thank you! Trey
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Charles’s Answer

That's a great question. I think there are many things you can do outside of taking courses - maybe find a real estate book which explains key concepts, factors that drive real estate prices, rental markets. If you're interest is more corporate that individual investing, you can also learn about the investment management individuals, terms like cap rates, different real estates sectors such as office, multi-family, industrial, etc and what drives investment into those. I'd also encourage you to network or "interview" people in the industry to learn what they do and get their perspectives. Good luck!
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Husayn’s Answer

Trey, great question. I didn't know that I wanted to do real estate when I got into it, but what set me up for success were a couple things:
1. There is some good real estate reading that you can do to learn about the business (as Charles mentioned in an earlier answer)
2. I recommend continuing to work hard in school with your coursework in math and English class. In commercial real estate, having strong math skills are essential. Communication is also a key skill of the industry as you'll be communicating with clients, colleagues and many others. Real estate is a really big 'people' business so knowing how to communicate well is important.
3. You can find family friends who work in the business and speak to them about the industry to learn more about it. You can even ask them to bring you to work one day to shadow them. If you enjoy that, perhaps a 1-2 week internship to build your skills further.

Good luck!
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