Ingolstadt, Bavaria · Member since 2018 · 4 posts · 0 votes
Hello guys!
What kind of job would you recommend as a start for a future investor?
I've completed a bachelor in architecture - attending a master in management - and am able to choose from one of these fields as my further occupation: real estate development - asset management - property management.
My goal for the future: fix and flip / buy to rent on a private investor / JV basis.
My goal today: gain experience / knowledge / skills / network in the RE business.
Which career path do you think is reasonable for my purposes? Or do you recommend to start right on as an entrepreneur?
I would encourage you to find a group of like-minded individuals and hang with them. A support system is a must. Entrepreneurship is the coming thing, by necessity. Jobs are disappearing and self-sufficiency is a must. We are transitioning from the Industrial Age employee business model to the Information Age entrepreneur, which has its own skill-set requirements that just aren't taught in school. It's up to you.
Career choice is a personal decision. It is however nothing more than a means to an end. You trade time for money. If I were going to plan on flipping I would go into construction trades. In your case, and for 99% of investors I would recommend a job that will pay the highest wages. Investing is only about money. Knowledge can be acquired far easier than making a career of it.
Property Management is definitely a good choice and there are many management companies that are hiring. And even if you start your own company it can become profitable if your able to tap the vacation and business extended stay type rentals. And there are also property managers for self storage facilities, retail, office buildings, etc. All of which are going to give you a huge and varying experiences.
I saw that real estate development was something you mentioned as well. I think that besides property management, development is the other big money spot to learn and network in. There are a lot of variables to making development projects work out for the best, but it can help you see the bigger vision for a property instead of just carpet and paint. And the network that a good developer should have are those with deep pockets and the city that helps your projects get approved. And there are many decent sized developers in every decent sized city that you might be able to get a job with.
I would recommend getting your RE license and begin going to investor networking groups. You can gain knowledge and experience while earning a good living and you’re your own boss.
I would choose real estate development, amass cash & education, buy a four plex with FHA loan, househack, begin flipping & then buy & hold along the way. You are off to a great start based on your educational background, desire & the fact that you are on this site. Good luck!
I would encourage you to find a group of like-minded individuals and hang with them. A support system is a must. Entrepreneurship is the coming thing, by necessity. Jobs are disappearing and self-sufficiency is a must. We are transitioning from the Industrial Age employee business model to the Information Age entrepreneur, which has its own skill-set requirements that just aren't taught in school. It's up to you.