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#255426 - 10/17/08 09:33 AM Re: What to study in College? [Re: Perky_REALTOR]
Sure Thing Offline
Junior Member

Registered: 10/07/08
Posts: 6
Loc: USA
CrazyJayC,

Good for you for being so precise on what you want to do at such a young age!

Your parents are going to hate us but I too agree that college is unnecessary unless you want to be a slave called an employee. The way to wealth is working for yourself. As far as an education, you can teach yourself anything you want to learn. You don't need a teacher at the head of the room teaching you, learn by doing, by reading books, by interacting.

As far as the $ to buy your first rehab project (I assume this is what you mean when you mention "flipping"), start by wholesaling. Wholesaling does not require any of your own money or credit, it is essentially finding the deal for another investor and assigning the contract. The terms that I am using may sound foreign to you but the information is really out of the scope of this thread.

I would read/study creonline.com (an investing forum, I am not sure if I am allowed to post this here, if not, moderators please erase it) and google "wholesaling houses" . Get as much information as you can and I would also suggest joining a real estate investors group and getting a mentor.

Best of luck whatever you decide.

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#255429 - 10/17/08 09:56 AM Re: What to study in College? [Re: Merkaba]
Devil's Advocate Offline
Member

Registered: 01/03/05
Posts: 259
Loc: Ontario, Canada
CrazyJayC: Dare I suggest that perhaps, in this instance your best source of information would be from those that are trained and experienced as Academic and/or Vocational Counsellors.

Some points that you may wish to consider are as follows:

_Your formal education is the foundation that you can build upon, in the direction of your choice.

_If you look around, you will see that almost every aspect of society is governed by a law of some description or another.

_Most people, yourself included, will during their lifetime require and/or benefit from competent legal advice, and this also includes real estate investors, flippers, renovators, contractors and realtors all of whom deal in legal contracts.

_Many successful businessmen today have a degree in law that has aided them throughout their careers

_One distinct benefit of a legal education and training is the development of a different way in which you will view, examine and analyse a given situation, that is not normally found in the bulk of society and thus gives you an advantage that can be utilize in any endeavour you may chose to embark upon.

Discuss your possible choices with your loved ones and others close to you, who have your best interest at heart and want to see you develop your full potential.

Best of Luck in your decision.

Important Notice: This information is provided as basic educational information by the author and is not a substitute for the advice of an expert and/or the advice of a lawyer. There is NO representation as to legality, accuracy, correctness of the herein information and the reader is strongly urged to consult a lawyer in the relevant jurisdiction to ensure accuracy before acting on this information

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#255518 - 10/17/08 07:31 PM Re: What to study in College? [Re: Perky_REALTOR]
CrazyJayC Offline
Junior Member

Registered: 10/13/08
Posts: 5
Loc: Texas, United States
Haha Perky, good story. Thanks also Sure Thing :) I'v wanted to flip houses since I was maybe around 13...Can't remember but there is NO WAY I will ever change what I want to do, I take ALOT of interest in wanting to do this.

Oh and some of you mentioned that its best not to go to college if I want to make house flipping my career, I'm about to let my parents read this and see what they think about all of the posts on not going to college but.. I dont think there's any way my parents will allow me to skip college, personally, I'd probably like to major in something just so I have a plan B, but i guess i would major in something that would have helped me in house flipping, like you all are helping me out with right now (doing a great job! taking in some great stuff that seriously has helped me decide on some important decisions).

So now I'v made up a list so far, I'v narrowed it down some but here is what you all have said:
. psychology
. business
. finance
. interior design
. architectural design
. Photography
. Creative Writing
. Internet Marketing and HTML classes
. construction
. Marketing Classes
. economics
. liberal arts

Thanks for the help! been putting alot of thought into every post. Would love to read more!


Edited by CrazyJayC (10/17/08 07:39 PM)

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#255522 - 10/17/08 08:07 PM Re: What to study in College? [Re: CrazyJayC]
Perky_REALTOR Global Moderator Offline
Major Contributor

Registered: 11/27/06
Posts: 4053
Loc: Northeast PA
I admit that my suggestions kind of ignored your original post. Photography and Creative writing were suggested if you were planning on becoming an agent. While you can be a successful agent without that stuff, you'll be a better agent WITH it....

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#255689 - 10/19/08 11:00 AM Re: What to study in College? [Re: Perky_REALTOR]
Gob Offline
Member

Registered: 12/03/07
Posts: 34
Loc: USA
If college is a must, then here are some thoughts:

*Make college your #1 priority. Get in and get out.

*Try to get a part time job in a trade industry (electrical, plumbing, etc...). This doesn't need to become your career, but it will give you some first hand knowledge about what your doing.

*Save, save, save. Even if you are going to have help, the more money you have the more independent you can be.

*Know that no matter how prepared you think you are, owning your own business can be the hardest thing in the world. You can be the smartest person in the world and fail! It can also be the most rewarding thing in the world, and I personally wouldn't have it any other way.

Just some thoughts... smile

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#255702 - 10/19/08 12:53 PM Re: What to study in College? [Re: Gob]
CrazyJayC Offline
Junior Member

Registered: 10/13/08
Posts: 5
Loc: Texas, United States
utritr, GOOD idea.
"Try to get a part time job in a trade industry (electrical, plumbing, etc...)."
Thanks!

Perky, Yeah I was curious on why you mentioned the photography and creative writing on the first post. But now I fully understand what you were leading it towards, thanks! Good advice, i'll probably be getting a real estate agent license incase I do ALL of the work without hiring one which might not be a bad idea..

Btw, Currently i'm taking a Arch. CAD class in school which is helping me out alot in showing what I might want to do when flipping a house. EX: Like tearing down a wall, making the room a more open spaced area, which will need to be graphed out so i might want to take a arch. class in college as well. Along with all the great advice you have given me.
- thanks

PS: not trying to say this just to flatter you all, :) but this honestly is the best forum i'v ever been on for getting advice and help, along with some other interesting topics i'v read, thanks again.


Edited by CrazyJayC (10/19/08 01:01 PM)

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#255712 - 10/19/08 02:19 PM Re: What to study in College? [Re: CrazyJayC]
Merkaba Online   content
Veteran Member

Registered: 03/20/07
Posts: 949
business major, minor or emphasis in real estate, if possible where youre going, or take electives that are in the real estate field, or major in real estate, minor in business.
_________________________
Mr. Owens, Realtor, ABR, E-Pro

Keller Williams Realty, Central
Simpsonville SC
owens29607@yahoo.com

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#261508 - 11/25/08 07:29 PM Re: What to study in College? [Re: Merkaba]
shana Offline
Member

Registered: 11/06/07
Posts: 428
Loc: Nevada
make sure you're focused in college, and know your major before you even start. try not to change the major, despite the fact that many college students do change at least once. make a decision and stay with it, or your college investment may not be worth it.

a typical business degree will cover most of the subject areas you listed, including the required general ed courses. some colleges offer a business degree with an option/concentration in real estate. next best option will be finance, which usually includes more advanced statistics and financial analysis. by all means start your own business while you are in college. it will be great entrepreneurial experience.

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