Because real estate is often considered a low-risk investment, many are quick to jump in with expectations of turning a quick profit. Popular television shows on buying investment property and flipping houses feed into the idea that
investing in real estate is fun and easy. However, not all real estate investments are low-risk. Some require specialized real estate skills and many require patience and time to realize a positive return on investment. If you’re considering becoming a real estate investor and entrepreneur, this guide to the real estate industry offers an overview of real estate investing for beginners and the five skills needed for successful real estate investment careers.
Investing in real estate is a popular pursuit, which means you must be quick to jump on opportunities. Having a strong social media presence can help you network with fellow investors, discover investment property opportunities quickly, keep up-to-date with the latest news in the real estate market industry, rent your property, and sell when you are ready. Because real estate investors spend a great deal of time interacting with others, it helps to have certain soft skills in addition to an understanding of the real estate industry. Soft skills include excellent written and verbal communication skills to maintain relationships. You should also develop good negotiation, problem-solving, and organization skills. Having a willingness to learn will help you at the beginning of your investment career, along with being able to adapt to changing market situations.
If you want to start investing in real estate, it’s a good idea to take some classes or enrol in a certificate program to help you understand the industry and market forces, learn how to build an investment strategy and understand the financial aspects of investing in real estate. Certificate program classes are generally open to anyone, regardless of age, background, or current career, and are scheduled at times that are convenient for busy working professionals. If you are ready to become a real estate investor, Harvard DCE Professional & Executive Development offers Real Estate Investments: Assets, Markets, and Current Trends, a two-day program where you will learn the fundamentals of real estate assets, how to develop investment strategies, how to raise capital, and more.
You can also earn a Real Estate Investment Graduate Certificate from Harvard Extension School, which includes four courses that cover different real estate investment opportunities along with the forces that drive property values and the life cycle of buildings and neighbourhoods. The program offers hands-on experience in creating financial models, analyzing cash flows, and measuring returns on investments. There is money to be made in real estate with the right investment approach based on your situation and goals. Develop tactical, real-world knowledge and skills for investing in real estate by earning a real estate investment certificate.
