What is the best degree for real estate investing?
I have been attending business school for my first year and it’s time to choose whether I should go into accounting, marketing, finance, or management. I was thinking that if I was to invest into property, finance might be the best option for me. Also if I chose not to invest in real estate, but decided to start a franchise or company of my own, would finance be the best option as well? If you could provide any insight regarding the best option for me it would be appreciated. Thanks,
Omar Mossadek answers:
There is no “Best Degree” for Real Estate Investing. While many successful Real Estate Investors have pursued higher education, there are just as many that have dropped out of high school or are ex-convicts!
As for the degree you should choose…. Any of them! Higher Education is a great thing and anything you learn becomes an asset to you and your company. Go with the degree that sounds most appealing to you. Life is doing what you want to do and liking what you do… We call that the American Dream!
The MLI Group Inc.
How can I get a bank loan for real estate investing.?
Im looking to invest in real estate,my question is will the bank loan me money?I just started a new job a month ago,my credit score is fair(Im really working to improve this),and I have 20% to give down.
Thanks in advance.
Omar Mossadek answers:
Normally banks are not the best place to look for investment properties. Banks lend funds based on the value of the property, not the future value of the property.
In order to have knowledge about real estate investments you should invest a few dollars into a couple of books about the subject of real estate investing. There are many excellent books on the subject. You might then make a decision as to which area of real estate investing you would want to get involved in.
There are also methods in which you would find techniques that would explain how to find ways of funding your investments. Normally real estate investors invest for leverage, appreciation and possible tax advantages. This is done by putting as little of your funds into a transaction or project as possible. There are times when you would have to add funds from your pocket, but you should take these on a case by case basis.
Your first couple of investments might be all your funds, but successful investors eventually find those that are willing to assist them in their real estate investments.
You should also seek a local real estate investors group or club to obtain the local practices and things you would need to know about the local investment scene. These groups normally charge a annual or semi-annual fee to join.
You might also find a mentor among the membership, someone that is willing to help you get on your feet and prevent rookie mistakes or errors in judgment. This person would also be able to assist with vendors and tradesmen that would do much of the work you would not be able to do on your own.
I hope this has been of some benefit to you, good luck.
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