I just got my degree in economics (finance), and now gotta decide the career path. I’m very very interested in the RE business.
The alternatives for me include:
-career at a multinational in the flied of finance, but this way i get no experience in the RE market
-work at an RE agency at a trainee program (continuous training is written in the job offer), and hopefully get some insight about the market and make some good contacts - the drawback is the significantly lower salary
-attend one of the available 3-4 month courses training people for appraisal and to be agents; and then continue on one of the above routes
The fact is that I want to gather information about the local market and build my social network as cheap as possible (or be getting payed is even better). Learning appraisal is also important for me, as I can use this later at buying properties for myself (landlording, and buy low/sell high purposes).
What should I do, what do you guys advise? Thx in advance for the answers
listen - i don’t know your background, but i can tell you - sales is a good start. i don’t care if somebody goes to the best college in the world - SELLING is learned on the street.
learning professional sales skills will help you understand business and the real “how to’s” of business. you’ve obviously got the understanding of the finance part (as per your degree and training in school). now it’s time to learn from the street.
developing and building a real estate agent business (yes a business) from the ground up OOOOORRR - on a team with a broker who’s there to build you up (important) - can really help you understand the necessities of YEARLY, QUARTERLY, MONTHLY, WEEKLY, DAILY business operations and review.
It’s VITAL to any business to know where you’ve been, where you are and where you’re going. It helps you to work harder and smarter.
being a real estate agent is very cool. you can invest while also actually helping people or organizations. nothing like closing - any deal. nothing like getting the contracts, listing agreements, watching your inventory grow, getting calls from agents, networking, building client relations, the whole works.
you also learn - I MEAN REALLY LEARN, the neighborhoods. you get to meet the people and help them achieve whatever it is they’re trying to accomplish.
good business - go for it! nice starting point for someone like yourself.
next step - broker license - open up your own brokerage and take it from there - specialize in whatever you want - from there it’s sky’s the limit.
Balu, you have what it takes! Go ahead and get it! I believe that educational is not that important to reach your goal. You only have to work hard on something and put your heart on what you do. Good luck to you
Being and agent, thus learning “cheaply”, and on a daily basis, and then actually investing when I see top deals is the way I wanna pursue. Do not wanna rush, as that is the plan for total failure, but also cannot learn forever and forget to act. Have to find a good combination.
ATM I’m reading books recommended here on this board, and sending CVs to agencies. I’ll kepp you updated.
What do you mean by sending CVs to agencies? Do you need to do that where you are? Here it seems that the agents are the ones interviewing the brokers. Before I hang my license with a broker I interviewed 4 or 5 of them and decided the one I wanted to work with. I thought this would be the same everywhere. Just curious…
I think your degree will have a little impact on your real estate career, that is if you do more marketing and less on the other aspects… why not try stocks?
LOL i was just kidding
Seriously good luck to you, i think this is a great path!