Thinking about dropping out of college and going into real estate

Thinking about dropping out of college and going into real estate

Member since 2020 · 3 posts · 0 votes

I really don't want to drop out of college, I'm doing welding but I'm having a lot of trouble doing open butt roots on 6010, I've broken out on all but one test so my grade is horrible. However, I really like real estate, I worked construction to pay for my car and I've always lived in an apartment (18 years old btw) so I can see a positive in every home. What are your guys experience with real estate? I do want to have my own company doing real estate, but I thinking working for a company first to learn the ropes should be my first step. Do you think this is a good idea? I do plan to enrol next semester, but that's like 5 months away, might as well look at other skills during that time.

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  • Investor/Accountant/Builder · Meno, OK · Member since 2014 · 1k+ posts · 918 votes
    6y
    Get a degree Enjoy the experience You have your whole life to work
  • Riverside, CA · Member since 2017 · 412 posts · 296 votes
    6y
    Originally posted by @Damen Hackman:

    I really don't want to drop out of college, I'm doing welding but I'm having a lot of trouble doing open butt roots on 6010, I've broken out on all but one test so my grade is horrible. However, I really like real estate, I worked construction to pay for my car and I've always lived in an apartment (18 years old btw) so I can see a positive in every home. What are your guys experience with real estate? I do want to have my own company doing real estate, but I thinking working for a company first to learn the ropes should be my first step. Do you think this is a good idea? I do plan to enrol next semester, but that's like 5 months away, might as well look at other skills during that time.

    Find something you are good at and do it to your heart's content. At 18 (I wish I had started at your age) I'd look for someone investing in properties and go to work for them. After a year or two you'll have a functioning idea of what part of real estate you want to be involved in. Just put "real estate" in Youtube and get an education.

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    6y
    Originally posted by @Damen Hackman:

    I really don't want to drop out of college, I'm doing welding but I'm having a lot of trouble doing open butt roots on 6010, I've broken out on all but one test so my grade is horrible. However, I really like real estate, I worked construction to pay for my car and I've always lived in an apartment (18 years old btw) so I can see a positive in every home. What are your guys experience with real estate? I do want to have my own company doing real estate, but I thinking working for a company first to learn the ropes should be my first step. Do you think this is a good idea? I do plan to enrol next semester, but that's like 5 months away, might as well look at other skills during that time.

     What do you want to "do" in real estate? Broker it? Invest in it? You're going to need money to invest in it. A w2'd job is how you'd accomplish that.

  • Member since 2020 · 3 posts · 0 votes
    6y

    @James Wise I play to just work for a real estate company first, I ideally want to invest but I plan to "test the waters first" and see if I like it. It seems really fun and interesting

  • Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    6y
    Originally posted by @Damen Hackman:

    @James Wise I play to just work for a real estate company first, I ideally want to invest but I plan to "test the waters first" and see if I like it. It seems really fun and interesting

     Right but you need to dig deeper. What do you want to do for a real estate company? How do you plan to get hired by one etc....

    As an employer you can imagine I receive 100's of job applications. The fact that someone wants to work at my company is cool, but what does that do for me? An employer is going to be concerned with why they should want you to work for their company.

  • Member since 2020 · 3 posts · 0 votes
    6y

    @James Wise yea that's pretty reasonable. I've lived in apartment complexes my whole life and last summer I got to actually build a house. Was super fun to see the blueprints and build the house. It ended up being a 3 bedroom 2 bath with an unfinished basement. (so the taxes would be lower) I'm reading a book by David Greene about the "brrrr" method. And the "rehab" stage is where I'm at. That looks super fun, to imagine what the house could be. Taking a mediocre house and fixing it to be an amazing place for a specific person/family.

  • Member since 2018 · 13 posts · 3 votes
    6y

    Leaving college is not the answer to your ambition to be a real estate investor.  Changing what and HOW you  choose to study may be your best bet.  Are you good at negotiating and selling; become a real estate agent.  Do you love the numbers; learn finance and get a job at a bank.  Do you like the physical work; pick a trade like electrical, construction, plumbing, roofing,etc and go that route.  

    Just don’t lose sight of your target.  Don’t get caught in the grooves of a “good job”.  

    You’re 18, get out there, take chances, and go for it!  

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