I'm going to be a Real Estate Investor?

Question

I'm 19 and want to find a job that leads towards that field. Where do I go? Is there a job in a real estate office I can do without a license? Or something anything that goes towards REI.

Answer 1

If you are really talking about either being or advising for realestate investments you need to have a really good background. Only a small part of this can come from having jobs in realestate. The strongest and most valuable part is from formal edecation. You don't necessarily need a degree in anything but you do need financial courses, real estate courses, real estate law and tax law to get you started.
Or you could waste $49.95 and buy one of the get rich quick books that promise that you will be a millionaire by tomorrow morning.pp

Answer 2

That's AWESOME that you're thinking on this level at 19, I started in Real Estate, as an agent when I was 21.

Being so young, if you really want to be an expert, study & get your real estate license. It will be worth it in the future & it's not super expensive like going to a 4yr college. It'll probably cost about $2,000 between going to school (which you can actually study for your license online at home, you don't have to sit in a classroom), pass your test, sign up w/ your local board so you have MLS access & get affiliated with a popular company that offers training.

Like Keller Williams, RE/Max or Prudential

See if you can work on a big TEAM & learn the ropes, then when you have enough $$, work with your experienced TEAM to get the best deals out there.

Good luck to you

Answer 3

Real Estate Investing isn't as hard as it may sound. My husband and I have been in Real Estate going on 7years now. We have both worked for other Companies and now have our own. He has a back round in REO(bank owned)/Pre Foreclosure/Foreclosure/Rehab/Fix and Flip and Scrape Off. I have a backround in Mortage Finance, and both have extensive experience in locating Diamond properties that Investors are looking for. However, we now have put all of that experience together with Private Hard Money Lenders and we facilitate the ins/outs of bringing the two together. Real Estate has alot of information that you definatley need to get a handle on but starting out at your age you'll be an expert before you know it. National Lender Services is a good School to check into for the Mortage side ofit. I am in Colorado but you can check them out online.

Answer 4

You did not say what type real estate investor you wanted to be. Are you speaking of investing in a Real Estate Investment Truct (REIT), buying, rehabbing and flipping properties. Investing in the purchase of units for rental? There are several types of real estate investment. I am going to give you examples of the more poplar one and that is flipping.

Working in a real estate office will not give you the type of education about investing in real estate that you really need.

It is always a good idea to flip when you know what you are doing. In this regards you would normally select an area of your choice that is good for you to work and close to where you reside.

I would suggest that you go to your local book store and purchase a couple of books on foreclosures, distressed properties, and buying, rehabbing and flipping. You might also find several other books that you would like to purchase. You might also find a few listed in your public library.

You might also purchase one of the TV guru's programs. In the program you will find several things of interest. You will find script to use on potential individuals that you would want to purchase their house. A slew of legal forms that you can use as well as a formula that will tell you if the property you are purchasing is gonna give you a profit or not and how to use the formula.

Their package will also tell you things you should look out for in your purchase as well as things to that you should beware of.

You should form yourself a professional team to assist you in your newly found career. This is a partial list that you might start with an attorney, real estate agent, a mortgage broker, a home insurance agent, a notary public, a title rep as well as an escrow closing agent. You might want to add or take away depending on how you feel.

You will also need to develop away to market yourself so you can have an unlimited amount of properties to buy and sell even in a slow market. I will list a couple of ways to accomplish this.

#1 Advertise in the local newspaper that you purchase foreclosures and other distressed properties.

#2 Purchase a foreclosure list from a list broker (Do a mailing campaign like everyone else)(You might also cold call off this list but you must beware of the no-call list)

#3 Select an area in your city to devote full time work in. Walk the area for about 2-3 weeks telling the folks outside their homes what you do pass out flyers out ling that you buy foreclosures and distressed properties as well as probates.

After 3-4 weeks of walking in the neighborhood, contact your title rep and ask for a farm package of the names of the people in your farm area. Now each month mail a newsletter to the names on your farm list.

This method should give you 1-2 housed per month to buy and flip, word of mouth will give you another 1-2.

That will keep you busy with enough to do and earn. You can always expand and you will as you learn more about your trade.

I hope this has been of some use to you, good luck.

"FIGHT ON"

Answer 5

Real Estate investing isn't a job somuch as it is a personal business. Try and get a position with an appraiser where you will learn about values and what makes value.