How should I start off my path to real estate?
February 27, 2010 by Editor
Filed under Real Estate FAQ
I am 16, and planning on going in real estate because it seems like hard work in that business pays off compared to other places and because I am very persuasive.
When I start my junior year at my high school.. I have about 2 free clases what do you think I should take that will help me with real estate?
I am going to go to “cal state san bernardino” after I graduate high school. So what clases do you guys suggest I should take there and what should I major in.. that will ultimately help me with my real estate journey.
Also someone suggested to me I should get insurance..220 license ,real estate, mortgage license? can someone explain to me what all that does?
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First of all, Cal State SB sucks. Don’t go there. Go to CS Fullerton. Hehehe.
A degree is business management will help you. I don’t think there’s a specific concentration in real state. But you can always ask the business department of the school you choose (fullerton!).
All you’ll need is study and take the real estate license exam. It’s not hard. But these days, it seems anyone can be realtor. Anyone can do it. You just need to pass the exam, get your license, and build your clientele. You wouldn’t need to go to a 4-yr college just for that. But taking business and finance classes will help you in the long run to run your business operations better and more efficiently.
by selling a house!!!!!!lol
Buy property/never rent.
2 free classes. sleep. [I’m kidding!] Use this time to prepare yourself to what kind of standards you are looking for in your future investments. Take classes that help you depending on whether you’re going to be an agent or a private investor.[not your actual job]. Possibly a speech &debate type class work on your speaking/ also being able to work with a property’s location, etc. is extremely important and you should take research/internet classes possibly, too.
Just do the Donald Trump thing:D
Check ALLIED real estate school online for info, I got a license from them.
Get out of CSUSB. Look into other schools like Sacramento State University. Cheap rent less crime and same weather..lol. Ok you can start taking community college classes from RCC. I would suggest Econ 1 and 2. Yes you can take this in HighSchool but you’ll want the College Credits. Than take accounting and anything small buisness. The time you are about to turn 18 take the Real Estate Principles Class and any class which you need to get into the exam. Than when you turn 18 you can take the class. In the meantime start applying for summer or weeekend jobs with real estate agencies. Find the Top Producer and ask to be his/her assisstant. This will help you learn the in’s and out’s of Real Estate. Hope this helps and learn Finance of Real Estate it will help you in the long run. Oh btw get out of San Bernardino, CA
do you have access to a ymca, some of their seminars offer crash courses first on how to purchase homes and in addition how to sell homes. you only need to be prepared to take notes and they don’t cost much. perhaps you see if real estae is something you want to learn for sure. good luck at college.
After high school, go to Community College to get your associates degree. While there, take some classes on behavioral psychology, plubic speaking, finance, sociology, marketing and basic Algebra (if needed). They also offer real estate classes you can pick up. Then finish up with either a Bachelors in Business Administration or a MBA at a 4 year.
The more you’re able to read and relate to people, speak with or in front of strangers, market a product or fill a need, compute numbers and realize the financial benefit from both short term and long term financing, the more successful you will become.
Good luck and you’re right, it is hard work but it is also rewarding in so many ways.
Regards
You’ve got time on your side! being as young as you are you aren’t able to invest in real estate or buy a house yet. But it’s not too early to do research. Check into what interests you such as commercial or residential real estate, or mortgages. Then, plan your future around your interests. I’m not from your area but check into schools that offer real estate as a major. I recently graduated with a 4-year degree in real estate & urban land development and am now a residential realtor in the DC/VA area.
Pick how you want to be in real estate. Do you want to become a REALTOR or investor? If REALTOR, align yourself with the most effective sales company around. In Southern California, First Team is the best (they have the best programs to market, attract and close customers.) Also, implement a prospecting system as quickly as possible. Craig Proctor’s program is effective as is my own, 4MySales.com.
If you are interested in becomming a real estate investor, try thecreativeinvestor.com. The most successful investors buy property at significant discounts and then sell them at a very big profit. Learn about pre-foreclosure, foreclosure, short-sales, rent to own and other investor programs to make a lot of money without investing any of your own. If you choose this route, find a mentor that has an effective system and learn from them. If you have a sales personality, fortunes can be made investing in this type of real estate. Also, making money through this type of investment just requires tenacity and an understanding of sales. I know a number of millionaires that started investing in real estate in their teens.
-4MySales.com