Know of Any Good Real Estate Investment Schools or Programs? A Friend Is Looking….

10 posts by 7 users

Medium 1403634043 avatar nonbankloans Corey Dutton
Real Estate Lender from Salt Lake City, UT
689 Posts
117 Votes
6 Awards

Corey Dutton

Real Estate Lender from Salt Lake City, Utah

Apr 12 '12, 07:47 AM

I’ve never been a huge fan of the real estate investment education companies. There are so many of them, and some of them seem to be a big scam. Many of them are here in Utah -- Ha ha.

One of my best friends is looking at schools and programs so he can learn how to properly buy and sell real estate as an investment. He asked me if I knew of any good ones, and unfortunately I don’t. I thought I would do a quick survey of my groups on LinkedIn and see if anyone has any recommendations.

If you have a recommendation of a good school or program, please leave it as a comment below. Also, give your reason for recommending it. I want to give my friend some good options!

Thanks for your comments.

Medium 1399394541 avatar jvermillionaf James Vermillion
Property Manager from Lexington, KY
2919 Posts
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James Vermillion Donor

Property Manager from Lexington, Kentucky

Apr 12 '12, 07:53 AM
2 votes

@Corey Dutton, is your friend a BP member...if not send him this way! I cannot recommend a specific school or program because I have not spent a dime on real estate investing education (beyond classes to get my agent license). I have learned what I know from many free resources including BP (blogs and forums), free real estate/business classes online, books from my local library, meeting with other investors, etc. Some people need more structure and I am sure someone can recommend something, but I am a fan of saving money to use for actual investing.

If someone is going to recommend something it may help if you include what kind of real estate investing he is looking to get into, as there are thousands of programs out there focusing on many different areas and strategies, so it may help to know what he is looking for.

Medium 1435183443 avatar jaymichaels1 Mike Jakobczak
Real Estate Investor from Toronto, Ontario
411 Posts
91 Votes
5 Awards

Mike Jakobczak

Real Estate Investor from Toronto, Ontario

Apr 12 '12, 07:56 AM
1 vote

I'd recommend them to come onto here and spend a few hours a day reading the forums. There's more content on here then any program will be giving out. Not to mention that amount of money you will need to pay for most programs. They should start networking with people on here and learn from people actually doing what others teach.

Just a thought

Medium 1448397352 avatar bryanhancock Bryan Hancock
Investor from Round Rock, TX
7993 Posts
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Bryan Hancock

Investor from Round Rock, Texas

Apr 12 '12, 08:01 AM
2 votes

It is difficult to recommend something without more specifics about what your friend wants to do. However, some general coursework in finance, accounting, and taxation would be a great start. Some of this you can get in college and some of it is better to learn in trade schools or by reading forums and blogs.

I really think most of the important lessons in real estate are learned by doing. Mentors take a beating on BP, but I firmly believe that having someone work with you to show you the ropes it the way to go. If you can find a good coach or mentor for an apprenticeship and the compensation model is structured properly it is well worth the cost. There are a number of quality coaches on BP that don’t advertise their services. I would try to find one of those folks that specializes in what you want to learn.

Medium realstarter2Bryan Hancock MBA, RealStarter
E-Mail: [email protected]
Telephone: (512) 980-0070

Medium 1399372314 avatar dkonipol Don Konipol
Real Estate Lender from Houston, TX
1804 Posts
1946 Votes
15 Awards

Don Konipol

Real Estate Lender from Houston, Texas

Apr 12 '12, 08:15 AM
2 votes

CCIM Institute offers an introductory real estate investing course online, which I personally recommend.

This is from their website

CI Intro

Intro Online

CCIM’s introductory course teaches you the fundamentals of the commercial investment real estate industry and demonstrates how to apply these skills using real-world case studies. You will have the self-confidence to answer your clients’ questions, anticipate their concerns and plan for their needs when you have a solid commercial foundation from which to start.

After completing this course, you will be able to:
•Solve investment problems using a financial calculator.
•Perform basic mortgage calculations using compounding and discounting techniques.
•Understand basic real estate investment analysis tools, estimate net operating income and estimate cash flows before tax.
•Calculate the internal rate of return.
•Evaluate similar properties, project vacancy rates and estimate absorption figures.

Corey Dutton

Real Estate Lender from Salt Lake City, Utah

Apr 12 '12, 09:33 AM

Just curious how many people are actually moderating this forum. I originally posted this under a category I thought was correct. Someone is always moving my posts into other categories. How much time is on your hands WIZARD behind the curtain?

Corey Dutton

Real Estate Lender from Salt Lake City, Utah

Apr 12 '12, 09:34 AM

Bryan - I think the mentor approach is always best too. That's what I told him.
Don, Mike, and James - great comments. Thank you for your help on this subject.

Medium 1399375609 avatar equity Jeff S.
Asset Based Private Lender from Los Angeles, CA
871 Posts
712 Votes
9 Awards

Jeff S.

Asset Based Private Lender from Los Angeles, California

Apr 12 '12, 10:17 AM
1 vote

Try the adult education evening classes many high schools now offer. The one near me offers classes called “Evaluating Income Property” and “Affording Your First Home.”

A quick Google search indicates that the University of Utah offers continuing education classes in “Consumer and Family Finance” as well as “How to Use Financial Markets to Protect Your Investment.” The latter looks pretty broad but touches on real estate as well as many other interesting and related topics. They also offer what appear to be all the real estate license courses, which might be useful to pick and choose from.

Several of the real estate clubs out here also offer courses. Your friend might check out some of the local clubs where he might also meet a mentor he could volunteer to help. As I'm sure you know, there's no substitute for experience.

I also agree with Bryan that some basic courses in finance and accounting, even though they are not specifically about real estate, are necessary. I'd suggest these first.


No avatar medium Zachary Dosch
Bismarck, ND
142 Posts
15 Votes
1 Award

Zachary Dosch

from Bismarck, North Dakota

Apr 12 '12, 11:46 AM
1 vote

Mentors and BP are the ways to go. Nothing beats real life experience because nothing in real life is by the book. Anybody that can share their experiences with him will hopefull allow him to not make the same mistakes twice.

Sounds like you will be volunteered to be the mentor @Corey Dutton!

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