to business there is marketing, accouting, economic, ect. How would you break real estate down like that? I want to start studing real estate at home, and I need to know what to study?
Begin studying the different types of real estate. Commerical, retail, multifamily, single family, etc. Then begin studying the different types of investments/reasons to own real estate: Lumps sums/appreciation/buy and hold properties, cash flow properties, value add properties, buy and sell/flipping, etc. By doing this, you will unlock a crazy amount of info.
I'm an economist, who could also be watching to shop for within the Seattle subject. Realtors have a lovely dangerous monitor list in relation to predicting the Seattle marketplace. They are out of contact with the present truth as good. Housing charges in Seattle have generally ranged approximately three.5x earnings. That transformed in 2001, and principally within the final few years bought out of hand, nearing five-10x annual earnings relying at the subject. That's a bubble, and till charges come again to fair phases that men and women can have enough money, housing is a nasty, dangerous funding. I would not even bear in mind shopping for yet another yr. The one caveat is if you'll uncover a best condo and will persuade the landlord to go away with it for a DEEP reduction (say, 25 percentage off the present cost) you could bear in mind it. By the best way, your realtor is on medicinal drugs in the event that they see indicators that the marketplace is coming again. There is surely NO knowledge to again that up. Also, charges will most often flatten out for a even as at a few factor. They are not going to magically spike up. You'll be k in the event you wait to peer if charges have stopped shedding.
Real Estate as a business has all of the same functional areas as any other business. Marketing, finance, management, etc. I would suggest that how best to start a course of study depends on what the goal is. Do you want to become a Realtor? I am sure that the state has a licensing curriculum and authorized course providers. If you are studying to begin investment, there have been thousands of books written on the subject. Your area may have a Real Estate Investor Association (REIA) chapter and teaching is a large part of what they do. No doubt your local library has a plethora of information on the subject. That might be the best place to start. After all, its free, right? Good luck!
