I thinking to study accounting in college.I would like to do real estate business by myself and I'm not sure if accounting career can fit with my future.What's your opinion? I want to buy properties to rent.
you will need a job that pays you enough to have extra money and earnings to qualify to buy investment properties - don't count on being able to invest in such property for quite a while - rental properties REQUIRE at least a 20% down payment plus more cash for closing costs and you will be lucky to make $100/mo profit and most of that money should be put aside for major repairs like a roof or plumbing
It sounds more to me like you would like to become an investor. I mean, it's going to take a lot of money for you to be able to purchase a place, then, sit back and live off the profits of renting or leasing them. Usually, this type of business is reserved for those who can afford to invest large chunks of money to purchase and/or fix-up a property for sale, lease, or rent. Now, as for Accounting. Accounting is necessary to any individual who is planning to own their own business, otherwise, you will have to acquire the services of a CPA. I much rather prefer having the ability to manage my own financial records. If you do not learn how to manage your own financial records it is difficult to say that you are a successful business owner, because you remain ignorant of the most vital part of your business. Also, I'm sure that you have heard how easy it is to become a victim of embezzlement when you let someone else manage your financial records.
Accounting okorder / (or a similar one in your area) to learn the insider secrets of the business.
