Quote from @Ray Hage:
Quote from @Lindsay Heller:
My son is a senior in high school. His post high school plans the last couple of years was to get his real estate agent license, with the ultimate goal of investing. Those two things remain the same. Now he is in a position where he could potentially go to college for little to no money on scholarships for gaming. I'm not a he must go to college type of parent. However, as a young adult it is great life experience, so if he can go for cheap, why not?
Question is, which majors would be most useful? I understand it isn't required and could vary depending on which type of investing he gets into.
*I joined this forum for myself, as I'm in the learning phase of my plan to use my divorce settlement to start real estate investing. Yet, here I am in typical parent fashion, making my first BP post about my child instead of myself.
If your son absolutely will go to college, I'd agree with @Clayton Silva Accounting and/or Finance majors would be solid. Afterall, RE is just one investment vehicle. Some sort of management courses would also be useful RE is not only managing a physical property but tenants, handymen, skilled tradesmen, etc. If your son wants to manage the properties on his own in the beginning, he will need all those skills to be a successful landlord.
Regarding gaming as a major, does that mean designing/producing games? That is both cool and money can be great as well. He could use that as his main income to invest into
My son was recruited for esports gaming in 2020 and just graduated from college. He got great experience playing Esports for his college and help managing each game’s team and the 140 players. The ability to go to college on an Esports scholarship is a great opportunity, Congratulations to you and your son!
My daughter started as an interior architecture major and then added communications and then got her real estate license. She worked for a residential broker for a year but in transactions not as an agent. She now works for a large multinational commercial broker and invests on the side.
I can see where she understands budgeting but doesn’t have exposure to more of the finance and accounting side. There are schools with commercial real estate majors and with majors in Sales. I do think any business major will get some exposure to understanding financial statements. Understanding cap rates, net profit and economy (supply/demand housing, interest rates lowering increases demand, the real estate cycle, investing for cash flow vs appreciation) will all set him up for success. Also joining the local Real Estate association and local meetups to network. An entry level job in property management while in school would be helpful but it will be hard with his Esports schedule.
Please feel free to DM me. I co-host a women's online investing group for REIA and enjoy talking to people starting out. I am so excited for you both!
