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Updated almost 9 years ago on . Most recent reply

Account Closed
  • Statesboro, GA
24
Votes |
99
Posts

Opinions on obtaining a Bachelors Degree

Account Closed
  • Statesboro, GA
Posted

My main goal is to start my own real estate business. I'd like to do it all: wholesale, rehabs, flips, rentals, etc. I'd like to start with wholesaling, then work into flips, possible spec builds, then working to possible rentals. With that, how do you feel about a degree in Construction Management? To be honest, I've always had a negative mindset and considered college to be mostly a large business. A bunch of people agree, some don't. Regardless, the majority of what I'm wanting to do is fix and flips. A Construction Management degree would help me manage my money, people, time, equipment, materials, etc. It would also help me become better at scheduling, knowing the safety standards, and help with my budgets. This also takes 4 years to obtain a bachelors in. My father is a superintendent over construction projects. He manages the electricians, plumbing, tile guys, drywall, you name it. I feel like he would be very beneficial with my business, but he's also not someone I can really learn from. Though I know he would be a major benefit for me, isn't this something I should have a good head on before jumping into? There's pros and cons to each way. I think in 4 years I could have a lot going on rather than just starting out after that time. But also, I could save a lot of money from the knowledge of getting my degree. Also, by keeping my GPA up, I can go to a university and only spend around $15,000. So... $15k and 4 years of learning, or slowly progress into my own investments and have 4 years of experience on the ground instead of in the books? I know plenty of people have done it without this education and it's not completely necessary, but is it beneficial enough to invest in my education? All opinions welcomed!

Most Popular Reply

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David Dachtera
  • Rental Property Investor
  • Rockford, IL
2,990
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David Dachtera
  • Rental Property Investor
  • Rockford, IL
Replied

Remember to figure the cost of education into your numbers.

You might find some non-transfer classes at your local community college.

Four years of experience vs. four years of study and expenses ...

Is there a way to work on investing while studying? Maybe you do a rehab or fix-and-flip and have your tuition covered before the end of your first year of school.

Dunno, man... 

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