Do You Have To Go To College For Real Estate

Do you have to go to college for real estate? Well, you know, there are courses you can, but absolutely not. You do not. If you want to be an agent, you need to go to some coursework. If you want to be a broker, you need to do some certification work. So that is officially say school, but a formal like two to four year college, you do not have to go. You can just jump in and learn. The thing I'm going to tell you is the industry I'm going to say is a little old fashion. So let's talk about if you don't want to go to school, how do you get in? Number two, how do you find the investment capital and the capacity to keep going and growing big? And then number three is what is the real estate strategy, but also what's your systems that are going to support it. And the biggest overlay, which you're going to stay to the end for is how do you market? Because it is an old fashioned school. And if you're going to be that real estate person who's going to buy the little ad on a grocery cart, you're probably not my client. And I'm kind of kidding, but kind of not like you've got to get digital and you've to get independent from the firm. So if you are an agent or broker and you're hanging your license, which you have to by law with somebody, you're usually using their marketing and they're feeding you leads. I'm telling you, you need your own front facing real estate professional, real estate expert, your front facing site. Yes. If they feed you leads over here, that's great. You have got to be the front facing person and the resource for real estate needs. If I go back into it, that's exactly what I did before. I'm going right back to what made me successful and made me a millionaire. Just like askoral.com is ask a question, make a request in anything, money or business. It would be the same in real estate. I would have an ask campaign. I would say, ask any question around real estate. I want to be a resource, whether it's lending, title, capital, investing, entity taxes, like I would just be the resource. And you say, well, I don't know how to do it all. Then you get other people to like outsource too. How do you get in with minimum investment? Well, typically the deal has a couple of components. It's got to have capital, right, to get in. You probably have to have good credit to get a loan because you don't want to pay in full for the whole thing. Somebody has got to have experience if it's going to be investment property. And if it's just your home, then you don't need a lot of experience, but that's not the conversation we're in. We're talking about you becoming a real estate investor. So I skipped the agent and broker. I went straight to real estate investor, real estate professional as a tax basis. So I started like learning to raise capital. I started putting groups together in LLCs. I knew how to start doing a lot of that, but I also had great, great, great mentors the whole time. So if you would like me to mentor you into becoming a real estate millionaire, I have great structures. Call our office, 775-588-9200. I'm going to give you three chapters of the Millionaire Maker book. Read that, do the gap analysis, and then call in for a one-on-one appointment. We'll talk about how we can help you and what your plan is. Minimal investment you can get into a lot of deals. And if I was you and I was a super, super beginner with not a lot of team or help, I would probably do a fix and flip. If you have good credit, go get 0% financing. We can help you do that for up to 21 months. That's a great flip strategy. So you can buy the house with whatever small down payment you have, get the loan. We can help you qualify typically with good credit, $100,000, $150,000. Use that to rehab. Once you end or sell it, you pay off the loans. You're still at 0%. Pay yourself back. You make the profits. So there's a lot of ways to get in. With more money, I would go bigger and I would go commercial. I would start at like 12, 16 doors and I'd go buy bigger. So you have more opportunity and more cashflow. With a lot of money, you can actually put some structures together, like four or five of you could come together. One of my favorite strategies to go big or go home is to find four of you who have like a quarter million dollars. You can put a million down, qualify for a non-recourse loan on a commercial property, and you're in some good cashflow. You have got to make sure that your corporate structure is right. You've got to make sure your operating agreements are right. So there's nine things that I see my partners see that are never an operating agreement. So when you join our big table and you start learning how to do really awesome structure, that's not only safety for the partners and designing your divorce while you're in love, meaning you better have that operating agreement and how you're going to separate it quickly. I'll give you one of the nine that everyone forgets. If something happens to you, do you want their executor, their beneficiary, their spouse to now be your partner, their kids to be your partner? The reason I know these things is because I wasn't told those things. So I ended up with kids as partners. Couldn't sell the property. They were too uneducated, too emotional. Wouldn't make a decision. We had to sit on a property until it went in. It was a horrible loss because the kids were an equal vote, right? So upon a death in my agreements, you don't get a vote anymore. You lose your voting rights. You can either be cashed out or you can continue cash flow, but you now are on silence. And no, I do not want to be partners with anybody else in your family. I chose you and you chose me and that's it. So that's one of nine that always get forgotten inside those agreements. Can I tell you how critical the biggest disasters in real estate aren't because the project's a disaster. The people became a disaster and they didn't know what they were doing and quite frankly, didn't lean in to learn enough. So to that point, I need you here learning every day, five days a week. I want you to subscribe to my channel, click the notification button, be here five days a week and consume all the content. If you really want to binge for a weekend for 25 hours of binge watching, you have to click on the link below to do it. You get $750 of credit towards a new tuition. And you can do that up to two times to get $1,500 to apply to a new tuition, to let us mentor and coach you into a successful real estate business. The last thing I want to talk about is marketing. If you really want to be in the real estate business, whether it's an investor, a broker, an agent, I don't care if you're in title, I don't care if you're in lending, I don't care if you're hard money, any of those, you have got to learn to market. It's like traditional up-to-date 2024, 2025 strategies of digital marketing. You have to have marketing. You've got to have your corporate structure. You better have me as a mentor, our expert teams around you, tax strategy, tax planning. There's a lot to this. And then using funding, arbitraging debt, that's the biggest strategy. Cannot wait to teach you. If you're serious, I'm serious, come join us. Make sure you click on that link. Go get a one-on-one appointment. If you have any questions, go to Ask Laurel. Again, A-S-K-L-O-R-A-L, ask a question, make a request. We'll be back tomorrow.