Real Estate investing education club for college students

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Real Estate investing education club for college students

Eric Amzalag
Commercial Real Estate Agent · Los Angeles, CA · Member since 2010 · 5 posts · 5 votes

Hey all,

I'm currently a full time student at UCSB and enrolled in Real Estate classes. I am hoping to start a Real Estate Investing Education club when I return to school this coming fall, and could use some advice in the following areas:

1. My knowledge of real estate investing has some SERIOUS gaps in it. I think it comes from my being young and having a general lack of experience. What resources would you recommend I use (online, blogs, forums, books, conferences, etc.) to fill in those holes?
So far I have read some Rich dad poor dad books (ABC's of real estate), and taken some classes on basics of real estate investing such as cap rates, calculating ROIs, etc. What other topics should I start learning about?

2. Do any of you have any recommendations on how to structure a Real estate investing educational club for young motivated students? If you had the option while in school for something like this, where would you have liked your education to begin?

3. Any learning resource recommendations would be unbelievably valuable to me as well as hopeful club members. I'm really starting from stage 0 here, so any and all advice would be amazing. Hopefully we can use this thread as a general "Beginners resources" thread if it generates enough replies...

Thanks guys! I really appreciate the help and advice and look forward to being an active participant on these forums.

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  • Bill Gulley
    Investor, Entrepreneur, Educator · Springfield, MO · Member since 2009 · 21k+ posts · 12k+ votes
    16y

    Hi, great idea! I taught RE and had a class project of a property rehab. I'd suggest you get with your instructor, before school starts if possble, and see if you could put a class project together for extra credit. Pick up the classmates for membership in your club.

    Sounds like an easy "A" is on the way. As to materials, stick first to the basics included in your texts before looking at guru programs. I'd also suggest you take several guru programs and run them through as part of your project.

    You can do alot of the actual leg work in a project as if you were really buying and see how the project property really fairs using the programs. You'll see how things really don't work out in reality.

    I set up a make-believe deal and had everyone work through the deal. They had homework of going to others and interviewing them on the deal as well as going to the courthouse for due diligence. The teacher can oversee a buyer seller group. You can set a price, look at advertising, marketing, contracting and even do some title work. It's a great hands on way to learn. If you like, I'd be happy to talk with you or your instructor. Great idea. Bill

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  • Eric Amzalag
    OP
    Commercial Real Estate Agent · Los Angeles, CA · Member since 2010 · 5 posts · 5 votes
    16y

    @FinanceExaminer - I would really appreciate the chance to talk more about it. Perhaps I can fill you in a bit more on my goals for the club? I will draft you an email later today.
    Thanks in advance for the help!

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  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    16y

    Eric -
    This article should be helpful to you:
    Starting a Real Estate Club: The Perks and How to Make it Happen

    Podcast Guest on Show #100
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  • Eric Amzalag
    OP
    Commercial Real Estate Agent · Los Angeles, CA · Member since 2010 · 5 posts · 5 votes
    16y

    @joshua-
    Awesome! This article was a lot more comprehensive then what i had found previously on real estate clubs. As I am still a college student, I am looking to create an organization that is more of an educational outlet then a for profit/business. Other articles online had all been geared towards investing clubs - not the ideal STARTING place for students, however it is a great GOAL.

    Really appreciate your sharing this article with me. Ill keep this thread posted with my progress and possibly even write a similar description of how I set up my club...

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  • Joshua D.Pro Member
    BiggerPockets Founder · HI · Member since 2008 · 16k+ posts · 5k+ votes
    16y

    Sounds good, Eric. BTW - Several universities have real estate clubs . . . you may want to seek them out for help as well. I know that Denver University has a club run by MBA students, for example.

    Anyway, I'm glad I could help, and good luck!

    Podcast Guest on Show #100
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