Best track for aspiring Real Estate Developer
Hello everyone
I am a 20 year old aspiring real estate developer. I currently have a good paying job and have quite a bit in savings that I have been sitting on waiting for a good investment opportunity whether that is house hacking, fix or flip. Etc.
I was hoping to leave my job something this year to go into real estate full time and get my license to start selling. I was wondering if any of you might have any suggestions. I want to know what would be the best way to get my foot in the door? Should I work for a local developer? Get my commercial real estate license? Buy a fix and flip. I’m open to anything and curious as to what some of you might say. Thank you everyone and I hope all of you are staying safe and well through covid-19!
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#2 Land & New Construction Contributor
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- Charlottesville, VA
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#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
It all depends on your background, education, experience and what type of development you want to get into. Either way getting your license is a good idea and will save you as well as make you a lot of money as you move forward in your career.
For residential flipping and spec development you could start out as a realtor and use your commissions to invest or get a job with a larger flipper, builder / developer and work your ay up. For commercial / multifamily you could start as a commercial broker or get a job with an investment / development firm and work your way up there as well.