Here’s Why You Need to Take a Real Estate Investment Course Before Buying Property

Here’s Why You Need to Take a Real Estate Investment Course Before Buying Property

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On the surface, real estate investing seems simple and straightforward. Property generally appreciates. Once you own an asset, you can rent it out to tenants and residents for a profit. It should be fool-proof, right?

Table of Contents - Here’s Why You Need to Take a Real Estate Investment Course Before Buying Property

In actuality, real estate investing is a very involved and often risk-filled affair. Rather than jumping on the first potentially lucrative deal that comes your way, carefully consider and analyze your market, your sub-market and the fundamentals of every opportunity.

Real estate investing as a career

It’s smart to consider real estate investing as a career, even if it’s currently just something you do in your spare time. Investing in real estate is a key step toward financial independence, which means it needs to be treated as a full-time job. Chances are, you’ve received lots of education and training to hold your current working position. If you plan on making real estate a career, plan on getting educated. It makes sense!

Savvy real estate investors know there are few things more important to the success of their careers than continuing education. Conditions and trends are always changing. The best, most successful investors understand it’s essential to stay on top of the latest practices.

Many universities now offer real estate investment continuing education courses both on-campus and online. Consider looking for a program near you, or an online program closely aligned with your specific objectives as an investor. Identifying and pursuing a continuing education program might provide you with the tools necessary to achieve financial independence.

Benefits of real estate investing classes

Both first-time investors and long-time real estate players alike can benefit from continuing education courses. Here are some of the many reasons you should think about taking a real estate investment class, either online or from your local university:

Gain knowledge

Obviously, you’re going to obtain knowledge when you attend real estate investment classes. You can leverage the things you learn in your classes to pursue better deals and understand market fundamentals more wholly. Knowledge, along with creativity, are among the most important tools in an investor’s toolkit.

Identify resources

When you go to a real estate investment class, you’ll gain access to important resources to help you improve your investment game. These resources often include websites you can check for listings, networking opportunities and more.

Build a network

Use your time in the classroom to build up a network of real estate professionals. Chances are, you’ll be surrounded by other bright, ambitious individuals when you attend an investing class. Use your time together as an opportunity to make lasting connections.

Fill your toolbox

There are innovations and technological developments aimed at real estate investors coming to the market every day. In some ways, it’s challenging just to keep up with all the new tools! Attending a class can give you a run-down of the resources worth paying attention to. Plus, you can always tap your new network and learn a thing or two about how other investors find success.

Forge partnerships

There’s a strong likelihood you can meet your future investment partner while attending a real estate investment course at your local college or university. Many courses include small-group discussion periods. Be on the lookout for people with similar objectives to yourself. It may be worth partnering up with a classmate for your first investment.

Reasons to obtain a real estate license

One form of continuing education many investors opt to pursue is obtaining a real estate license. You might want to consider the many benefits associated with taking the classes and exams necessary to get a real estate license in your jurisdiction for several significant reasons, including the following:

You can access listing services

Licensed real estate agents possess access to a centralized database of all active real estate listings. This can give you a significant advantage over other real estate investors who aren’t also licensed agents. For instance, you can see for-sale properties not yet posted to online listing sites.

Earn commissions on your deals

When you buy and sell properties, you’ll effectively earn your commission if you’re operating as your real estate agent. This is because commissions are usually split between the buyer’s and seller’s agent. You’ll simply pocket half of the commission, rather than paying it out to a third party. This is a great way to achieve profitability faster.

Control your deals more effectively

When you’re working as your agent, you’re effectively cutting out the middleman. Not only does this mean you won’t be on the hook for paying commissions, but you’ll also have a much larger degree of control over the direction of the deal. You’ll set the sale price, the payment terms and virtually every other aspect of your transactions.

More education opportunities

It’s impossible to overstate the importance of continuing education in real estate investment. When you obtain a real estate license, you’ll be able to take advantage of a number of educational opportunities. You’ll gain exclusive access to seminars on market trends in your area, how to close deals more effectively and so much more.

Learn to love learning!

One of the fundamental truths of real estate investing is you’re unlikely to succeed if you don’t love to learn and push yourselves in new directions. It’s a hard pill for many to swallow.

The best, most successful investors are always looking for new tools to use and new sources of knowledge to take advantage of. Real estate itself is always evolving, which means growing in tandem with it. If you can keep pace with the industry, you’ll establish yourself as an investor. And, you’ll open yourself to more possibilities that lesser-educated investors might miss.

To boost your chances of success in the real estate investing industry, look for a few continuing education classes in your area, and ask people in your investment network about their favourite continuing education classes, as well.

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Scott Dillingham

Scott Dillingham

I have been investing and lending to real estate investors for nearly 10 years now. After thousands of successful deals between flips, rent to owns, student properties and commercial assets I have developed a deep knowledge of real estate investments and have a passion of sharing this information with the world! If your looking for a lender who specializes in rental property financing you're going to want to connect with me at team@lendcity.ca.