Hi everyone, I am a senior in high school and I have finally decided that real estate investing is what I want to do. Now, i was wondering what courses i should take; should i take finance courses, real estate courses, etc? Also, i was curious, will the real estate market be still a good place to be 10 years down the road, 20 years? Thanks for the help. Kirstyn
everyone is going to need a place to live whether your buying and selling houses…building and selling, rehabbing and selling or buying and renting. Chances are down the road that a house might not appreciate like they are today. Either way, if people are not going to be buying houses, then they have to rent. You just need to adjust your real estate investing according to what the market is doing.
As for classes, there are all kinds of different classes you can take while your investing in real estate. Almost all your business classes will be usefull some how or another. You can also take classes to become a licensed realtor in eithe 6 weeks, or 6 month i forget. But Good Luck for whatever road you take. Your in the right field to make money
Great post black95gt
I have a two year degree in business and communcations
and a four year in Psych.
I AM NOT a realtor!
it really does not matter what you take its what you make of it!
I started when I was a little older then you I was 20 I am now 30 and being the best father I can is my full time job REI is a very part time thing for me!
Quote:
being the best father I can is my full time job REI is a very part time thing for me!
reoconsultants
That my friend, is the biggest success of all!
Moneytalks
Hey,
Success is all about priorities. REO has his right. You can be a big time investor controlling hundreds of properties but if you have little or no influence over your children then your legacy is little more than a few bricks or boards. Do your due deligence in all that you do but pay particular attention to your relationships - they are the only things that matter.
Peace,
Richard
What are your goals? Are you planning on college? If so, get college out of the way first. Remember Real Estate will still be around and there will always be some for sale. Also after college you will be looking at a different Real Estate market anyways. Save up money, even though right now cash isn’t king, but I have feeling people with cash will be getting some buys of a life time.
well a way to start real estate in college is to forget about the dorms and apartments. Buy a house that is at or just below market value for around 75-80k, if applicable…and get 3 or 4 roomates and charge them 200-300 per month. This way you live for free through your 4 or5 years at college, your roomys pay your mortgage, plus maybe put a little cash in the pocket and after 4 or 5 years of equity build up you walk away from college with cash in your pocket if you decide to sell. you can always keep the house and rent out to other college students. If i could go back, this is what i would have done even though mom and dad paid the rent 
I have to friends that their parents did this and pretty good money off of it. not too shabby
I would take Advertising or Marketing. The rest, you can learn on your own.
Hey,
Have a son (advertising major) and daughter-in-law (marketing major) who have their own advertising/marketing firm in the San Antonio/Austin area (New Braunfels). They recently purchased their second rental property. The only thing their majors did for them was give them the funds to purchase. Advertising/marketing is a hard area to find a job in and is a high stress job. Just my observation and my 2 cents. Whatever your major get a job or internship in it early on (i.e., freshman or sophmore years) and experience what you think you want to do before you invest much time and money. Life is all about choices. Choices don’t take long to make but the result of one’s choices can last forever. Be thoughtful and wise, but remember, life is all about the journey.
Peace,
Richard
I wasn’t suggesting he get an advertising or marketing job, but learning the business sure does help you market houses for sale!
I suppose if you are only buying and holding properties, it won’t help. I sell a lot of properties, and I wouldn’t be able to do it (as well) without a Graphic Design degree.
That isn’t the first time I’ve heard the advice that Black95gt has given. I have heard that same advice on real estate talk shows. (I am an A.M. radio junkie) The folks that are “longer in the tooth” always lament that if they could do it all over agin they would buy property, first thing out of high school! I am a newbie to this but education is my pet peev. Balance your education with training. rhm76384 is right on target with advice on interning. With no experience you are sunk anyway. You need to decide if you want a piece of paper that says you are smart or if you want to learn how to be rich. In my opinion, I have an undergraduate degree in Business Management and it translates well with real estate. (So far.)
real estate may not always be the most favorite investment.
however if it doesnt appreciate greatly, it’ll probably provide good cashflow.
for the most part, most investments are the same. they’re driven by fear and greed. once you understand the psychology of investing, you’re half way there. then all you need to do i understand the economy and how the price of everything in inter-related. once you get that figured out, it doesn’t matter which asset class is the favorite one,
you’ll do well.
kirstyn,
Congratulations! Knowing what you want to do at this stage of the game is profound. I keep reading the responses and feel somehow that this is some bizzare lead in to the great book Rich Dad Poor Dad by Robert Kiyosaki. Unfortunately, real estate investing 101 in college may be a little disappointing. Do you have a Mentor? If not, finding one may save you $1000s and a few premature grey hairs. You know what the best thing about college was? It kept me from growing up too quick. It was fun, I spent most of my money on beer and pizza and then I blew the rest on tuition, books and no. 2 pencils. Kidding aside, the genuine friendships that developed made it all worthwhile. Ya know, some of those old friends became very successful and bought big houses and even investment properties. Hope my kids someday make the same smart decision you did. Good luck kid!
ps. the first million is the toughest
“Only those who dare to fail greatly can ever achieve greatly.”
-RFK