College major?

[Matt Siapin]

I know many say you don't need formal schooling to be in the industry but I want to be informed and also like the fact of a back up plan. That being said, what do you guys think the most helpful and useful major for a career in real estate investing is? I think I am going to do business administration but love to hear your suggestions! Thanks!

[Allen Fletcher]

@Matt Siapin

Do not get a degree that is related to real estate. Take classes that have bearing on real estate while you are going for your non-real estate related degree. I say this so you have a true back up plan. If it turns out that you do not like real estate or that outside conditions (i.e. markets, world events, legislation, etc.) make it difficult to provide for yourself and family then you can fall back on a degree in a field that is hopefully unaffected. For this reason I have a bachelors in Aerospace engineering a masters in finance and am in the process of starting a masters in mechanical engineering. I love engineering and finance and know that at times one or the other is having problems so why not pursue both?

Happy hunting,

Allen Fletcher