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Updated over 4 years ago on . Most recent reply

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Isaac Westlake
  • New to Real Estate
  • Arizona
0
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2
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Is a Master's in Real Estate worth it?

Isaac Westlake
  • New to Real Estate
  • Arizona
Posted

I am 22 years old and a recent college graduate with a finance undergraduate degree.  Throughout college, I increasingly began to have a great passion for real estate investing along with pretty much anything real estate.  While finishing my undergrad, I decided that I wanted to gain more knowledge and open more doors for opportunities involving real estate, so I applied and was accepted into a few different MSRE programs.  For a while, I believed that I am making the correct decision by obtaining a masters in real estate to learn more and have a degree, but lately, I have been second-guessing myself and I am unsure if the MSRE degree is worth spending 30,000 towards tuition when I could instead get my feet wet with getting my first deal.  In the long run, I want to be a real estate investor and potentially get into syndications, and eventually maybe even have my own property management company. I guess my question is, is it worth spending the money on a master's in real estate, or am I better off trying to find a job and mentor and learn from the experience?  I am having a really tough time deciding what path to take and am looking for other points of view.

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Account Closed
  • Specialist
  • OverTheRainbow
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Account Closed
  • Specialist
  • OverTheRainbow
Replied
Originally posted by @Isaac Westlake:

I am 22 years old and a recent college graduate with a finance undergraduate degree.  Throughout college, I increasingly began to have a great passion for real estate investing along with pretty much anything real estate.  While finishing my undergrad, I decided that I wanted to gain more knowledge and open more doors for opportunities involving real estate, so I applied and was accepted into a few different MSRE programs.  For a while, I believed that I am making the correct decision by obtaining a masters in real estate to learn more and have a degree, but lately, I have been second-guessing myself and I am unsure if the MSRE degree is worth spending 30,000 towards tuition when I could instead get my feet wet with getting my first deal.  In the long run, I want to be a real estate investor and potentially get into syndications, and eventually maybe even have my own property management company. I guess my question is, is it worth spending the money on a master's in real estate, or am I better off trying to find a job and mentor and learn from the experience?  I am having a really tough time deciding what path to take and am looking for other points of view.

I'd say 'not on your life'. 'Specially for $30,000 and a wasted year or two.

"Dem that can do it, do; Dem that can't do it, Teach" I learned that from a wise guy.

If someone can be successful in real estate why would they teach? Teaching is a downgrade from being successful at real estate. If they are successful they don't need your money.

Join a REIA (NationalREIA.org) in your area and get to know some guys who are really making a difference and who can actally help you in a career of investing.

Before you spend ANY money on ANYONE's teachings, ask them how many properties they OWN and how many deals they've DONE.

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