Best Education / Work Experience for Real Estate Investors

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Best Education / Work Experience for Real Estate Investors

Don KonipolBusiness Member
Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes

Best Education for Real Estate Investment (best to worst)

1. Graduate degree in real estate

2. Undergraduate degree major in real estate

3. CCIM courses

4. Appraisal Institute courses

5. University certificate in real estate

6. State broker/agent licensing courses

7. Real estate text books

8. Real estate books by qualified authors

9. Most nationally marketed guru mentorships

Best Work Experience for Real Estate Investment (best to worst)

1. Investment team at REIT

2. Analyst for REIT

3. Acquisition team for developer or large private investor

4. Real estate private equity

5. Real estate asset manager

6. Commercial real estate broker/agent

7. Property manager

8. Leasing agent

9. Residential broker/agent

10. Bird dog/wholesaler/finder

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Joe VilleneuvePro Member
Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
6mo

You left out the two most important forms of education, that I see severely lacking too often:

1 - Geometry.  This is actually the study of systems and relationships within that system.  They just use shapes and proofs to teach it.

2 - Algebra.  This is how you execute the Geometry.

Unfortunately, AI is taking us further away from the understanding of this by substituting limited conclusions for reason.  The result is seen when a problem results, and it dominoes because the person who supposed to solve that problem can't because they have no idea of how the AI arrived at where they are now.  In other words, AI has forced us to depend on and see only the surface of anything, not the structure of what holds that surface up.

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  • Joe VilleneuvePro Member
    Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
    6mo

    You left out the two most important forms of education, that I see severely lacking too often:

    1 - Geometry.  This is actually the study of systems and relationships within that system.  They just use shapes and proofs to teach it.

    2 - Algebra.  This is how you execute the Geometry.

    Unfortunately, AI is taking us further away from the understanding of this by substituting limited conclusions for reason.  The result is seen when a problem results, and it dominoes because the person who supposed to solve that problem can't because they have no idea of how the AI arrived at where they are now.  In other words, AI has forced us to depend on and see only the surface of anything, not the structure of what holds that surface up.

    2Reply
  • Jeremy Horton
    Rental Property Investor · Somewhere over the Rainbow · Member since 2021 · 1k+ posts · 1k+ votes
    6mo

    I cannot imagine going to college and taking on debt for a real estate degree...there is so much free information out there when it comes to real estate. I mean that is so dumb. I can't even express how dumb that is. 

    If you're going to go to college and set on doing RE, a finance degree would be 1000x more beneficial. This way you actually learn the math. Or something to do with data/systems engineering. 

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  • Eric FernwoodBusiness Member
    Realtor · Las Vegas, NV · Member since 2014 · 1k+ posts · 1k+ votes
    6mo

    Hello,

    I do not believe most of the education listed will provide the real-world experience needed to invest successfully. Classes, podcasts, seminars, and degrees provide useful general information. The problem is that you will not buy a general property in a general location. You will buy a specific property in a specific city, in a specific condition, under local rules and market conditions. To be successful, you need local resources, local knowledge, and real experience. The best source for that is an experienced local investment team.

    Working with a local investment team gives you practical, real-world education you need. And, working with a local investment team costs no more than working with a typical residential realtor, and it gives you access to the people and resources you will need to buy, renovate, and manage the property.

    For example, we have helped over 170 clients acquire more than 600 investment properties. Few of these clients had prior real estate investing experience. In our new client onboarding, we can take someone from zero knowledge to a strong working understanding of real-world investing in about 2-3 hours.

    We follow the same process used by successful national retail chains when they choose markets, target demographics, and determine localized offerings. With real world processes, real estate investing becomes much easier to learn, and it reduces risk, cost, and time.

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    6mo
    My undergrad was in civil engineering. Then I started working for a large commercial contractor as an assistant project manager. 15 years with them. Then I left to go work for a real estate developer. I am not disappointed with any decision, as the construction side gave me significant problem-solving skills and managing contractors. When I was a developer, it got me to think more like a developer and understand risk a lot more as an owner of a property and not just a contractor on a lump sum or GMP contract. Now, of course, I run my own real estate fund, but I appreciate the career path that I had and believe W-2 work as a foundation can lead to a lot of success later on.
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    • Jay HinrichsBusiness Member
      Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
      6mo
      Quote from @Chris Seveney:
      My undergrad was in civil engineering. Then I started working for a large commercial contractor as an assistant project manager. 15 years with them. Then I left to go work for a real estate developer. I am not disappointed with any decision, as the construction side gave me significant problem-solving skills and managing contractors. When I was a developer, it got me to think more like a developer and understand risk a lot more as an owner of a property and not just a contractor on a lump sum or GMP contract. Now, of course, I run my own real estate fund, but I appreciate the career path that I had and believe W-2 work as a foundation can lead to a lot of success later on.

      chris I went inverted from you.. RE sales first learned that pretty well how to close deals market etc.. then worked for a syndicator and a HML then worked with developers as economy cycled different things worked better others petered out.. 2000 saw my own HML company and 2008 saw a massive melt down in 2011 I had to bail out a few builders I loaned money to and finished the houses.. light bulb went off .. if I am going to take the monetary risk I mine as well start my own home building division.. And that has served us well while building back up the Private money deal making side.. No formal education for me all learned on the JOB. :) @Joe Villeneuve  I liked Algebra but hated Geometry :)

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    • Chris SeveneyBusiness Member
      Moderator
      Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
      6mo

      @Jay Hinrichs - one story I'd like to share is I went to an engineering college because I did not want to have to take English or any humanity classes in college because I despised them. I was 100% a numbers person. I was either going to go for civil engineering or computer science. One started as a civil engineer, converted about 15 years ago to computer science, and went to go work for NVIDIA. He is doing much better than me right now. 

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