Best job/career to learn about RE investing

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Best job/career to learn about RE investing

Aron Teran
Insurance Sales Manager · Frederick, MD · Member since 2015 · 12 posts · 4 votes
Many (probably most) new investors need to continue working a 9-5 to pay the bills as they build their RE portfolio. My question is this: what jobs would have the greatest added benefit of "on the job training"? My initial thought was working at a property management company or with a developer, but I'm wondering if I'm missing something obvious. Thanks in advance!
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Russell BrazilBusiness Member
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Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
10y

@Aron Teran Working at a property management company can certainly help with exposing you to the landlording process. Being a real estate agent can help expose you to the acquisition and negotiation side of things. Working with a lender can help expose you to that side of things.

But you know what, working in any general business environment can help you learn things that will make you a better investor. I am a full time investor and agent now...but I was a part time agent for many years while I worked in healthcare full time.  Working on the business side of healthcare helped me learned valuable skills like time management, negotiation, employee supervision, working with vendors, financial analysis,...all things that carry over to both my investing and agent business.

[email protected]301-893-4635Podcast Guest on Show #192
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  • Michael Boyer
    Investor · Juneau, AK · Member since 2015 · 980 posts · 741 votes
    10y

    great question...Aron, there are several paths up the mountain, but if you can afford it, I would say reading and learning all you can and then, most obvious, is buying a modest cash flowing property, hard to beat as a learning experience.....and today the down payment may be far less than formal college and even comparable with some guru courses if you are in an affordable area... You could even get paid to learn if you get the right property and tenants.. Best of luck....

    1Reply
  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    10y

    @Aron Teran Working at a property management company can certainly help with exposing you to the landlording process. Being a real estate agent can help expose you to the acquisition and negotiation side of things. Working with a lender can help expose you to that side of things.

    But you know what, working in any general business environment can help you learn things that will make you a better investor. I am a full time investor and agent now...but I was a part time agent for many years while I worked in healthcare full time.  Working on the business side of healthcare helped me learned valuable skills like time management, negotiation, employee supervision, working with vendors, financial analysis,...all things that carry over to both my investing and agent business.

    [email protected]301-893-4635Podcast Guest on Show #192
    District Invest Group545 Reviews
    WebsiteView Page
    2Reply
  • Aron Teran
    OP
    Insurance Sales Manager · Frederick, MD · Member since 2015 · 12 posts · 4 votes
    10y

    Thanks @Michael Boyer and @Russell Brazil. I guess there is no replacement for just doing it. I appreciate your advice!

    1Reply
  • Brian Johnson
    Rental Property Investor · Oldsmar, FL · Member since 2014 · 238 posts · 61 votes
    10y

    Good advice gave to you.  When I got started I could barely swing a hammer.  Buying a rental will for sure put you on the fast track in learning.  Working in a property management co would be the best way if the pay scale is  comparable to your current job.  The tricky part is you still need to be saving for a investment property.  Only you can make the numbers work.

    If you can't change careers at this time I suggest reading all you can on this site and recommended books.

    Good luck

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