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Updated almost 7 years ago,
Should I learn about construction?
Hello everyone, I am currently in the process of becoming an agent, and then continue my education to become a broker. I eventually want to improve/add value and develop real estate as I gain more experience and connections in the industry. I will start out doing some residential fix and flips to get my feet wet with putting deals together and then move onto commercial renovations, then hopefully ground up developments. Since real estate and construction intertwine with each other, I figured why not pick up some skills in the construction trades? In order to save money and have more control over my projects I was thinking about taking a carpentry course so I can learn how to do some of the work on my own renovations when the time comes. Once I gain a good amount of connections in construction, I could possibly and eventually become my own licensed general contractor. Having experience in both real estate and construction I feel would be a good combination of skill set, education and experience in both fields with what I eventually want to do in the future.
This would allow me to renovate my own projects under my supervision and management as a carpenter turned general contractor (hopefully) and sell my own properties as an agent/broker, which means I have saved a lot of money in the project.
What are your thoughts?