College or Real Estate

[Ammon Gutierrez]

I am 22 year old attending at Dixie State University, as a freshman in Utah. I am majoring in Business administration with emphasis in finance. I am wanting to start my real estate career right now. But I am so busy with school and work. And the things I am learning don't have a lot to do with real estate. I am about to start an internship at Northwestern Mutual, and might quit my current job. But neither of them do any kind of real estate. I am looking for a mentor that would let me be their shadow, or take me under their wing and show me all the in's and outs. I am ready to do real estate and wanting to start now. I am so determined to be successful and create a legacy. I just don't know if college is the place for me, if I want to do real estate. But I know this internship at Northwestern would help a lot about finance and build my network. I just don't know... I want to hear everyone's opinion and what they think is best. If i should continue school and do real estate on the side, or jump in to real estate and take off!

Please let me know and God bless!

[Jeff Filali]

The first step is to figure out WHY you want to do real estate? 

The second is figure out what role of real estate (Agent, Investor, or whatever)? 

The third step is figuring out which direction to go based on the other answers.  If wanting to be an agent, or other career in real estate, you can take a PT job while in college, and get your license, while learning all you can.  If wanting to be an investor, you need to have another high paying job, or live frugally long enough to save up enough money to get started right in real estate.  Whether that means working two part-time jobs while finishing your degree or getting three jobs and not finishing your degree is up to your personal goals. 

There's two types of people who are very successful in real estate investing, A: those with high income jobs doing real estate as a side investment, and B: those who are natural entrepreneurs and just outwork everyone else.

If you want a corporate job and the security of what that brings, get the degree!!

A degree can definitely help you, and open some doors, but there are many, many very successful entrepreneurs who do not have MBAs or any degree for that matter. Here's a few you may be familiar with: Steve Jobs (Apple), Steve Wozniak (Apple), Larry Ellison (Oracle), Michael Dell (Dell), Richard Branson (Virgin), Charles Culpeper (CocaCola), David Geffen (Geffen Records), David Oreck (Oreck), there's many more.

I have a PhD in Business from Real Life U, a Masters in Real Estate from BiggerPockets, a MBA in Marketing from Bing Search, and a BS in General Studies from FaceBook... #Educated :-) 

Best of success!! Keep Grinding!!