What would be some obstacle in real estate?, what would be the way to success with Real Estate?
Real Estate is a broad field. You will get better answers explaining the specific area you refer to. Commercial Residential Becoming an Agent Becoming a Developer Real Estate Mortgages Real Estate Trusts Rentals Real Estate Management Property Management New Home Construction Rehabbing Build outs Single Family Multi-Unit Office Space Commercial Space This list goes on and on....but the good news, is once you learn about one area you can really tackle many things on this list.
90% of all millionaires is due to real estate. But don't let that fool you, there's a lot of failures. That's why the majority of the population doesn't have a million in networth. Aside from the normal rank and file careers of brokers and agents, many real estate millionaires are investors. They bought and sold and invested in market segments like rehabs, tax liens, etc. Whichever path you choose, try to understand your options first. Then decide how much work you're willing to do (or be able to afford). Personally I chose the path of tax liens because they are easy, I can do them onilne, and still get returns. See source below.
Real estate business operators value, purchase, sell (by auction or private treaty), manage or rent real estate properties. These properties may be residential, retail, office, industrial or rural. Starting or buying a real estate business involves many essential steps. Legally, you must ensure that you apply for and receive the correct licences. This guide explains how to start a real estate business in Queensland. It will help you understand the importance of market research before you enter the real estate industry. You can also use our tools, quizzes and services to assess your business idea.........Bendigo rental manager
I think it depends on what you want to do- be a real estate agent, or loan officer or broker- those you need a license. If you want to be a real estate investor, then you can do so by reading or attending seminar about how to be a real estate investor. You don't need a license for that. The seminar class might be costly, but sometime the initial seminar will do it for free like Robert G Allen. There's Rich Dad, James Smith, Noeuvous Rich, and many more. You can always learn it from reading books also. Goodwill is a great place to find cheap used book, but it depends on where you are located.
