How do I get started in real estate in the entry-level status?
February 15, 2010 by Editor
Filed under Real Estate FAQ
I am wanting to know how to jump head first into the real estate market and get my feet wet while still making money. I do not have any experience what so ever, just a real urge to get into this market! I want to take classes but, I really don’t know what I need to take 1st and I want to start on my associates degree as a at-home work study but, I’m not sure what employers are looking for as far as education in the real estate world other than Business Admin. I hope there are some real estate guru’s on here to help a sista out! Thank you in advance!
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Go door to door. Ask if they wanna sell. Then walk on the street and ask if a guy wants to buy. Introduce the people. Then hold out your hand.
The realtors and brokers I know have a license. Classes are offered through continuing education courses. You could also approach Century 21 to see if they offer the courses at a faster pace. Best wishes.
first check your state laws to find out what education you need. Then begin your education, some state allow online classes to be taken, but others do not. You can also call a local real state sales person to get the info you need.
Good luck
If you are talking about selling real estate as an agent, then
You can take real estate classes in college or you can go to a real estate school (this is what most agents and brokers do) you will have to take a licensing test from the state.
If you are talking about investing, then there are REITs you can invest in through a stock broker,
If you are talking about investing by flipping (buying and fixing then selling)
you will need to learn about costs of materials, value of real estate in your area, subcontracting for plumbing etc and have time for equity labor.
below is link to kaplan schools, one of the better real estate schools
It’s important to get your education in real estate, but you have to know which area you want to get into. Are you referring to becoming a real estate agent? Maybe I’m clueless here, but isn’t the only requirement to pass the exam? I have no idea why you would need an associates degree, or study business administration for anything in real estate. Don’t waste your time and money on things not really useful in the real world.
Go to the library or bookstores and read books on real estate. As many as you can. If at a bookstore, don’t buy them, just hang out there and read them. Figure out what you might like doing and read more books on those subjects to find out how to be good at it. This should take no longer than 1 week, if you really work at it. Once you’ve picked your ONE strategy to get rich in real estate, make a plan and start doing it. This will work a lot better for you in getting started in real estate than what anybody can write to you about on Yahoo! Answers.
I’ve only done real estate investing, so I wouldn’t know anything about how to be an agent, a mortgage broker, an appraiser, if you’re interested in any of those.
I think being an investor is the best and only way to start in real estate without money or experience, while still making money. The strategy for beginners is wholesaling houses. Basically you find a house that the owner is highly motivated to sell because it’s vacant and/or needs lots of work, you negotiate and put it under contract for a low price, then you go out and find an investor/rehabber that is willing to pay you a little bit higher price for it. The difference between what the investor/rehabber pays and what you negotiated with the seller is your PROFIT. That’s the gist of it, of course there are details you need to educate yourself on. If you are at all interested in doing investing or finding out what kind of investing you can do without money or experience, the books I’m referencing below is a good start.
If you have administrative support experience, another way to learn about the real estate business is to find a position as a real estate assistant for an agent or real estate brokerage. High in demand – and allows you to learn all the details. From there you can make an informed decision whether to take the classes required by your state to obtain an agent’s license.