Thread: Young and looking to get into real estate?

Hi, hope these answers help:
1. If you are going to look for real estate books(especially in the internet) Make sure you specify it as REAL ESTATE TEXTBOOKS.
This will narrow down your search to books that are actually being used in real estate courses.
2. Both calculus and statistics are necessary as they will help you calculate house market values, interest rates and most importantly,
tax considerations. Another subject you must concentrate on is Real Estate law. Each state has a particular law for their real estate
market and any oversight by the real estate on these laws could cause time and money for your customers.
3. There is no need to go to college. There are short-term real estate courses that you can take. If you think you can self-study, you
don't even need either two. Reminder though, a college degree is not necessary but a high school diploma is.
4. If you have the confidence, you can use that money to start building connections. You can start looking for people who are planning
to sell their houses or you can use that to look for a real estate coach. Be careful, though. Some real estate coaches can be
expensive and some of them might keep you tied to their company. Try going solo first. Ask friends who are in the real estate business
if you can tag along just for educational purposes.
4. I was actually in the healthcare business until a friend of mine convinced me to be her partner in her real estate business. When the
shifting schedules in the hospital began affecting my health, I decided to become a real estate agent full-time.

Originally Posted by realestategirl

Hi, hope these answers help:
1. If you are going to look for real estate books(especially in the internet) Make sure you specify it as REAL ESTATE TEXTBOOKS.
This will narrow down your search to books that are actually being used in real estate courses.
2. Both calculus and statistics are necessary as they will help you calculate house market values, interest rates and most importantly,
tax considerations. Another subject you must concentrate on is Real Estate law. Each state has a particular law for their real estate
market and any oversight by the real estate on these laws could cause time and money for your customers.
3. There is no need to go to college. There are short-term real estate courses that you can take. If you think you can self-study, you
don't even need either two. Reminder though, a college degree is not necessary but a high school diploma is.
4. If you have the confidence, you can use that money to start building connections. You can start looking for people who are planning
to sell their houses or you can use that to look for a real estate coach. Be careful, though. Some real estate coaches can be
expensive and some of them might keep you tied to their company. Try going solo first. Ask friends who are in the real estate business
if you can tag along just for educational purposes.
4. I was actually in the healthcare business until a friend of mine convinced me to be her partner in her real estate business. When the
shifting schedules in the hospital began affecting my health, I decided to become a real estate agent full-time.

Thank you for your full reply! I searched and found some good textbooks, although they are expensive. Also, my friend is into real estate, which is one reason why this peaked my interest in the subject. He's always busy, but we did chat about this, and he said he'd try to make time for me soon, so I'm happy.

Thank you for clearing up the college thing, and I of course have a high school diploma. Your way of entering this field has encouraged me more to try and reach out for those necessary connections, so thank you for that, and have a good day/night!

Originally Posted by Bracer

I'm 19 and looking to learn about becoming a real estate agent within a few years. I currently have 1k in the bank and was thinking about the best way to invest it, and this certainly seems to be a good way. However, I've ran into a few problems right off the bat:



1. I can find no actual real estate books without running into all type of get rich quick scams. What are some good books that you would recommend?

2. What skills are necessary? By skills, I mean education-wise. I know you'd need calculus and statistics and probability, but what else? A bit of logic and psychology, maybe?

3. Do you have to go to college to get your license?
I'm not avoiding college, I plan on going before the end of this year for my comp. science degree. I am a good salesman for my current employer and I believe those skills could transfer over to real estate and benefit me greatly.

4. How much should you start with, and what should I do first with my money?

4. Also, if you don't mind telling, how did you get into real estate?
-------------------------------------------------------------------
Please answer these in numbered order.

Even if its something small for now, I plan on flipping foreclosed houses to start, anyway.

Thank you reading this and have a good day!

Its great news to see people specially the young generation to get more and more interest in Real Estate industry and by looking at your question it sounds like you are working for the greater future! so best of luck for that...

Question 1: No one can specify that this book is great in particular as every one have different priorities and problems so for every one the best book will be different but according to amazone check out the top 5 real estate books here: http://www.amazon.com/Real-estate-bo...R2WW73PG3UHKLZ

Question 2: Skills are normal You should know all the legal activities with Maths and related stuff..

Question 3: IT depends from area to area in UAE i must say not really it is not important to get a license but i am not sure about US or UK market. but ethically you should have high school degree in order to build your trust on customers...

Question 4: Investment is a critical game i would prefer not to give you straight ideas but its better to read the biography of some great professionals of real estate industry... i know few successful people have dome this...

It was very useful and I'm about to buy some of the books I found through your suggestions as well as RealEstateGirl's.

Sorry for the late reply to this one, by the way.

Not sure, but my previous post was deleted by the admins

Anwayz, Rich dad-Poor dad is a pretty good book to give you an understanding of the value of money.

-Sarah
rentchord

"The REAL book of Real Estate" by Robert Kiyosaki is a great one. He is the same author as Rich Dad Poor Dad.

The best way to approach real estate is to have guts to face people and to treat them with confidence. You should also boost your knowledge with the basic requirements of real estate.

You have a long way to go but I'm sure you can find a lot of success on Real Estate if you really work hard for it.

If you get in when your 19 you have an advantage to work with people in your age group, so you really should be targeting first time home buyers. The great thing about this is these people are the only ones' that didn't get burned in the housing crash.

However, I think that you'll have a problem gaining the trust of people a lot older than yourself, so don't expect to have much business in higher end homes at first.