Question:

Real Estate career path?

I will receive my Bachelors of architecture in June of 2013. My ultimate goal is to become a real estate developer and start my own company. I love to design so I would want to design my own projects, or be the architect for my developments. What Should I do???1) Work at an architecture firm, get some experience on how to design, and then go work to a Real Estate Development company to learn about the field?or2) go work for a real estate development firm right out of college?

Answer:

If you have enough money to start your company or your work without borrowing the money from anyone then go ahead Second option is that go get some experience learn about the company environment and little learn to work for others
Being a truly property agent calls for steady dating constructing and networking and the conventional brokerage layout isn't for every person. In any measurement workplace, pageant is fierce some of the dealers within the workplace themselves and from competing businesses. You have got to have the wherewith all and tuff epidermis to outlive your first couple of years. Besides the cursory coaching furnished you're commonly left for your possess accord. It is the survival of the fittest on the such a lot fundamental degree. Can or not it's rewarding? Yes it may be however at what price? Health, household and peers. And the cost! Be ready to shell out a minimum of a $a thousand to $2000 to get began in Realtor bills, MLS bills, lock bins, trade playing cards, indicators, E/O coverage, further auto coverage in case you shouldn't have the one hundred/three hundred/one hundred limits to call a couple of. I recognize I am being discouraging however you have got to be ready for the ones realities. You have got to have a few sort of further sales earlier than even on account that going complete time, certainly in case you plan to paintings for a conventional brokerage. There are different possible choices like developers and estate leadership businesses. Most discourage facet timers. If you wish to begin facet time within the trade, then electronic mail me and I will ship you a few knowledge on my company which has an additional attention and cross past the whole provider brokerage marketplace.
Real estate development is all about finance. Keep your grades up and save some money up for grad school. I suggest MIT real estate program. If you want to be successful in modern real estate investing I've got two words for you- New Urbanism. Anybody stuck in the suburban ranch house mindset will be left behind, mark my words.

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