Real estate - which degree?
- Thread starter Konvert
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You're going to be in the same position you are in right now after college. Only you will have spent X dollars and Y time. You are still going to have to figure out how to invest after school. Schools don't teach you how to make money. They teach you how to make other people money. You make money when you go AGAINST procedure. Schools operate WITHIN procedure. You make money when you THINK and INNOVATE. Schools really don't teach this.
Let's say you have a badass business degree from Harvard. So? Now what? You want to invest in real estate? Well, you're still going to have to follow the same steps somebody without a degree will follow. It's not doing anything for you. And the things you learn in school aren't going to be used because all you really need to be an investor (and pretty much anything in life) is a 9th grade education and the will to do what needs to be done. You just don't need school in most cases -- especially making money. If everybody else is going to school you are going to be like everybody else: poor. Going to school is avoiding the creative, hard, real-life process of locating a property, figuring out the financing and following through with the investment. I understand that most people like the security of school and procedure. And that's why there are so many poor and bad investors
Let's say you have a badass business degree from Harvard. So? Now what? You want to invest in real estate? Well, you're still going to have to follow the same steps somebody without a degree will follow. It's not doing anything for you. And the things you learn in school aren't going to be used because all you really need to be an investor (and pretty much anything in life) is a 9th grade education and the will to do what needs to be done. You just don't need school in most cases -- especially making money. If everybody else is going to school you are going to be like everybody else: poor. Going to school is avoiding the creative, hard, real-life process of locating a property, figuring out the financing and following through with the investment. I understand that most people like the security of school and procedure. And that's why there are so many poor and bad investors
Depends on the university. Go to the right place, and one of the most invaluable things you'll receive is an excellent network of contacts and associates.
You don't go to university just for the education. You also go to network, and meet the right people, who can going to help your excel in your career.
Konvert,
I started my first business in real estate, so I can answer the question you're asking here.
1. Degree - Business
2. Additional Classes (electives) - Economics, Psychology, Sociology
Real estate is really 60% marketing, 20% Business Management, 20% Sales (usually in that order.)
You can learn all you need to know about marketing by finding a niche in your area, build a site for it and rank it #1. Plenty of resources here on WF to help you with that.
GET STARTED ON THIS RIGHT NOW.
Don't wait. Learn to rank. Learn how to convert visitors into leads. You can never have too many leads in real estate.
The other parts have to do with areas most Realtors are deficient in, such as treating their business like it's a business. Demand a solid ROI from your marketing dollars. Keep your expenses low. Demand production from your employees and agents as your business grows.
The main degree covers this.
The electives have to do with understanding what drives property values and how people make decisions. Understand these and you're set in the sales department.
Finally, and most importantly, finding success in any business comes down to:
DISCIPLINE
Do the things that matter most every day, regardless of whether you "feel" like doing them or not. This is why people who have degrees and know what they "should" do fail. Success is about doing the important things consistently. Master that trait and you could have half the knowledge of other Realtors and make twice the money they do.
Hope this helps,
Griff
I started my first business in real estate, so I can answer the question you're asking here.
1. Degree - Business
2. Additional Classes (electives) - Economics, Psychology, Sociology
Real estate is really 60% marketing, 20% Business Management, 20% Sales (usually in that order.)
You can learn all you need to know about marketing by finding a niche in your area, build a site for it and rank it #1. Plenty of resources here on WF to help you with that.
GET STARTED ON THIS RIGHT NOW.
Don't wait. Learn to rank. Learn how to convert visitors into leads. You can never have too many leads in real estate.
The other parts have to do with areas most Realtors are deficient in, such as treating their business like it's a business. Demand a solid ROI from your marketing dollars. Keep your expenses low. Demand production from your employees and agents as your business grows.
The main degree covers this.
The electives have to do with understanding what drives property values and how people make decisions. Understand these and you're set in the sales department.
Finally, and most importantly, finding success in any business comes down to:
DISCIPLINE
Do the things that matter most every day, regardless of whether you "feel" like doing them or not. This is why people who have degrees and know what they "should" do fail. Success is about doing the important things consistently. Master that trait and you could have half the knowledge of other Realtors and make twice the money they do.
Hope this helps,
Griff
Don't you think it would be more valuable to meet people who are ACTUALLY investing currently? Why would you want to go and meet a bunch of noobs? Its like going to warrior forum and expecting them to teach you something...
Calling a few real estate agents would be much easier. There's many agents who are also investors. Infact both of my real estate agents flip houses and rent houses. 99% of investment properties NEVER make it to the open market. They are always sold internally.
Its not so much about the knowledge, its more about the deal.
What you learn in college has nothing to do with the classes you take. None of what you learn in college will be learned at a shitty mail order university.
Go to the best college you can get into, get a degree in finance (marketing and management are both worthless). Take some entrepreneurship. The reason for this is the people you will meet and the experience you will get. Offer to work for free for the top realestate agent in your area during the summers.
Work on your own business when you're not in class.
Go to the best college you can get into, get a degree in finance (marketing and management are both worthless). Take some entrepreneurship. The reason for this is the people you will meet and the experience you will get. Offer to work for free for the top realestate agent in your area during the summers.
Work on your own business when you're not in class.
Don't kid yourself, it's not the studying that will fuck you. It's the assignments.
Here is the reality of it, lets say I started a degree on June 15th. Full time load is 4 units. All four units are going to have their first assignment due on, or around July 3rd. Second assignment around July 28th. Third assignment, around August 20th, and finally, your exams around August 31st.
So, you're doing your hustle, and it gets to June 30, so you decide it's time to see what work you need to do. You find that some prick wants you to create a project plan for some retarded subject, and it's going to take you the bulk of the day to do it. Your other three assignments are easy, but still take you a couple of days total. The problem is, you've just annihilated June 30 right through to July 3rd, and your week is gone. Your hustle (the shit making you real money) just got put on hold, along with your business relationships, and everything else.
This happens to you, one to two times a month. You aren't "studying", but you are doing time consuming bullshit. An average unit, requires 4-5 days of your time. 4 units, by 4 quarters, = 64-80 days a year, or up to 21% of your time.
College will get in your way, even if you know the subject like the back of your hand.
Oh, and don't forget, there are ALWAYS the bullshit, offtopic units. You end up doing a unit like "network culture and virtual society", which constitutes 4 essays, weekly "discussion groups", and a retarded self important lecturer.
I see you've swallowed their marketing BS hook line & sinker.
Every degree you have listed is a worthless soft subject. You might as well do women's studies or media studies or some other non-rigorous arts BS. You can't learn about business in a classroom from some academic who has never run his own business. Same as selling.
You learn by doing, and once you have some experience, you can learn from people who have mastered what you're trying to teach them.
As for networking: unless you're doing an MBA at one of the top schools, you very unlikely to network with anyone worthwhile.
I'm not saying that Uni isn't worthwhile - just that most universities will try to get you onto any course they can, to make money. You're right, the 2k a year is nothing. But you're going to spend 3 years of your life doing it which IS a big investment.
If you're going to invest all that time, do a degree that will provide a solid foundation for you to keep improving your mind for the rest of your life, not some vocational business BS.
Something like Maths, Economics, one of the Natural Sciences, Philosophy (at the right university), English Lit or another proper subject.
(I did a very tough engineering-based degree that I still use principals from 12 years later. I also set up my first businesses whilst I was Uni, and had an absolute blast getting wrecked every weekend, so it was time well spent :cool-smiley-008: )
If you go to a good college with quality professors, a lot of them are not only super intelligent but also have a ton of legitimate industry contacts who they will gladly connect you to (if they like you and you actually take the time to get to know them, that is).
I've opened a bunch of doors by actually talking to my professors instead of just texting my friends in class.
mveeranath
New member
I think you really do not need any at all, you just need capital to invest. It would help a lot if you understood finance though.
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Go to college, get a finance degree and minor in accounting if you want to do well in real estate.
The best real estate agents, investors and the like have no degree. You have to learn real estate via hands-on methods, not book methods.
No one cares about the degree, EVERYONE cares whether you know what you're doing or not, and a school can't teach you that. So just get out there and start getting your hands dirty , end of story.
LOL! A degree for real estate won't give you any credibility, a portfolio of properties sold/brokered/rented will. WOW you fucking spent 6 years getting a master's degree, what have you sold?
Some of you are idiots.
You don't need to go to school, but it's a safer route. Get involved in the business community in the city. Join every council and committee that you can. People will flock to you for being half the age of everyone else and if you're smart, you'll land a ton of invaluable contacts.
I did this recently, and it's how I know almost everyone important in the city (8 figures up). This is good but it's 100x better if you have the brains to back it up and realize fostering your relationship with each of them is equally as important as each one of your classes IMO.
And to the guys who didn't get a degree and are thus going to hate, I'm sorry but if you try this and you're self-employed making <100k, 9 times out of 10, you just look like a bum.
There is a difference between getting into an ivy league school, acing everything and then deciding this is a waste of my most valuable time and then leaving as compared to putting it to the side because of bullshit excuses. Obviously 98/100, it's easy to see who is bullshitting when they say they don't need a degree.
And this is all coming from someone who is a firm believer that I don't need a degree to be successful (my situation), but I'm here for the experience and networking not the degree.
You don't need to go to school, but it's a safer route. Get involved in the business community in the city. Join every council and committee that you can. People will flock to you for being half the age of everyone else and if you're smart, you'll land a ton of invaluable contacts.
I did this recently, and it's how I know almost everyone important in the city (8 figures up). This is good but it's 100x better if you have the brains to back it up and realize fostering your relationship with each of them is equally as important as each one of your classes IMO.
And to the guys who didn't get a degree and are thus going to hate, I'm sorry but if you try this and you're self-employed making <100k, 9 times out of 10, you just look like a bum.
There is a difference between getting into an ivy league school, acing everything and then deciding this is a waste of my most valuable time and then leaving as compared to putting it to the side because of bullshit excuses. Obviously 98/100, it's easy to see who is bullshitting when they say they don't need a degree.
And this is all coming from someone who is a firm believer that I don't need a degree to be successful (my situation), but I'm here for the experience and networking not the degree.
Go with the business degree. Its true, you really don't need a degree, but it does help. I also agree with those that are for the hands on, apprenticeship route.
College isn't for everyone. The true fact is you can learn on your own, but college does teach discipline. I see college a lot like this forum, its got lots of garbage, but every now and then you'll find a nugget of gold that changes your whole world. Absorb information online, in school and in the work place. Keep your options always open. Look for opportunity.
College teaches you to work with others. Just take a look at this forum. You got enough talent here to build multi trillion dollar companies. Getting them together will be the hard part.
Its not needed but seriously, go to college. There's boobs over there.
College isn't for everyone. The true fact is you can learn on your own, but college does teach discipline. I see college a lot like this forum, its got lots of garbage, but every now and then you'll find a nugget of gold that changes your whole world. Absorb information online, in school and in the work place. Keep your options always open. Look for opportunity.
College teaches you to work with others. Just take a look at this forum. You got enough talent here to build multi trillion dollar companies. Getting them together will be the hard part.
Its not needed but seriously, go to college. There's boobs over there.