How do I get into Real Estate Investing within a major company?
Posted by: admin / Category: real estate investingSo I can go on about my life, but I want this answer.. i’ll just get right to it. I am a newly licensed real estate salesperson. But my goal isn’t really in this state, or being an agent for more than three years… and it’s not about the market, Im just a little anxious. So listen, I got the license because i want to get into investing, I want to flip houses and then be able to sell them myself, access to the market, etc. I already have partners in mind, whom after a few words are very interested in joining me. I know a ton of people in the construction business, landscaping, you name it. What I am having difficulty in, is finding a company where I can be an investor or even an assistant to learn the ropes. Is it true a license is not going to cut it, and I need to go to school for some crazy business degree or something.
Can anyone help me with this, I’m mostly looking for advice, no links to investing on my own, I have zero dollars and I want to invest WITH money.
I’m a little confused also by your description of your situation and what you’re trying to accomplish but I’ll give it shot. First, you do not need a degree of any kind to be a real estate investor. You do not even need a real estate license. You do however need to be very knowledgeable about a whole range of things from market conditions to financing–both conventional and creative. And, if you are doing this with other people’s money, you are going to need to get some solid experience under your belt in order to be credible.
You might try to specifically cultivate an investor clientele as a real estate agent. But, alot of investors don’t use agents. Many of them feel that they don’t need a realtor and they don’t like paying those pesky commissions.
I do not know of a real estate company–major or otherwise, that is going to specifically mentor you or nurture your aspirations of becoming an investor. Becoming an agent or eventually a broker yes–but not an investor. That’s your own business. Alot of agents do invest in real estate on the side. But, there’s no position that would be the equivalent of an apprentice investor in a real estate agency. You will need to look outside your agency to get mentoring in this area.
I would suggest you see if there are any real estate investment clubs in your area. You’ll make some good contacts, probably hear some good speakers, learn a few things you didn’t know and perhaps even find a mentor. Here’s a link to a directory where you can find out if there are any groups like this in your area. http://www.creonline.com/real-estate-clubs/index.html
Good Luck.
*Edit – I just realised after I answered this that maybe you were talking about managing the real estate investments of a major company like say McDonald’s or Wal-mart. If that’s the case, you probably would need a finance/business degree of some type.
June 25th, 2010 at 7:20 am
I don’t quite follow your question, but I think I have the jist of it.
1. In most states you can’t get a license until you have a place to hang it. (You have to work for a real estate broker)
2. Go to one of the big commercial borkerages (century 21 for example) They’ll hire anyone.
3. The key is finding a house with enough margin to be profitable. So, I’d spend a lot of time on the MLS looking at properties, within a few weeks you’ll see some that are over priced and some that are underpriced ask the listing agents in your office why they priced them the way they did.
4. I’d practice without using real money. Find a house that you think has a big margin, see what it sells for, then when it gets listed again in a few months see what it lists for, you can see how smart you were.
References :
June 25th, 2010 at 8:02 am
I’m a little confused also by your description of your situation and what you’re trying to accomplish but I’ll give it shot. First, you do not need a degree of any kind to be a real estate investor. You do not even need a real estate license. You do however need to be very knowledgeable about a whole range of things from market conditions to financing–both conventional and creative. And, if you are doing this with other people’s money, you are going to need to get some solid experience under your belt in order to be credible.
You might try to specifically cultivate an investor clientele as a real estate agent. But, alot of investors don’t use agents. Many of them feel that they don’t need a realtor and they don’t like paying those pesky commissions.
I do not know of a real estate company–major or otherwise, that is going to specifically mentor you or nurture your aspirations of becoming an investor. Becoming an agent or eventually a broker yes–but not an investor. That’s your own business. Alot of agents do invest in real estate on the side. But, there’s no position that would be the equivalent of an apprentice investor in a real estate agency. You will need to look outside your agency to get mentoring in this area.
I would suggest you see if there are any real estate investment clubs in your area. You’ll make some good contacts, probably hear some good speakers, learn a few things you didn’t know and perhaps even find a mentor. Here’s a link to a directory where you can find out if there are any groups like this in your area. http://www.creonline.com/real-estate-clubs/index.html
Good Luck.
*Edit – I just realised after I answered this that maybe you were talking about managing the real estate investments of a major company like say McDonald’s or Wal-mart. If that’s the case, you probably would need a finance/business degree of some type.
References :
Personal experience as a realtor and an investor