All Forum Posts by: Shray Patel

I can definitely do both and I can switch and finish my Real Estate degree without any extra time/costs. I am torn with trying to see if its truly worth paying to finish my college degree just so I can have it as a "nice credential". Taking summer classes would cost me double the price for the classes because my scholarship doesn't count for the summer. I would pay a total of $20,000 to finish my degree. I could do the job for 2 days a week and 3 days in school OR go all-in with 5 days a week under the developer.

The position with the developer would be 25 hours paid at $8/hr starting and 15 hours no-pay for reading/courses/learning.

Originally posted by @Michael Boyer:

Can you do both?

You are really close--3 semesters. And the degree may open some options and be a nice credential you have for life. Going back gets really costly too (lost credits, changed programs, life changes, etc). Now is an ideal time.

Maybe seek the once or twice a week courses (maybe even some online if Temple does them). Then you could squeeze in both some real estate and traditional college.

And does your school have summer sessions with classes you need? If so, you may be able to wrap up this summer (Fall, Spring, Summer).

I would probably only do the degree switch (to real estate) if it did not add much time/costs. Much of that learning can be done on your own as you indicate (universities are churning out real estate investors for example).

Have you college books on one shelf and your REI books on another, switch back and forth. Maybe see if the developed can make the gig a paid internship (which lots of students do) and try half days and weekends or 3 days a week to mesh...

Best of luck!

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@Nicole A. Thanks for the advice Nicole! That is what a lot of people have told me to finish my IT degree and keep that as a back-up. I personally did not enjoy the 2 positions I had within IT so far and the work I done there. It is definitely not my passion at all and would be something I hate doing but keep just for the money. You may be right that its more practical to tough-out working in IT for the first few years to get the money for future REIs. Do you know of any careers within Real Estate that can give me a salary to help build my real estate business later?

Originally posted by @Nicole W.:

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Hey everyone,

I am 20-years old at Temple University with 3 semesters left before I graduate. I recently decided to switch from studying/working in the IT industry to Real Estate. I have worked in a property management company for 1.5 years and am currently partnering in a 6-unit construction project with my father and a developer we know. I am trying to decide if it is worth to switch to a Real Estate major and finishing my semesters to get my Real Estate degree VS. working under a successful developer full-time and dropping out of school. I am leaning more towards dropping out and working full-time under our developer who will teach me ins-and-outs of RE development, investment, and management. I feel like I would learn the most and be best prepared learning under his mentorship than wasting 1.5 years studying RE theory in school. Our developer agreed to help with any costs related to my learning (i.e. any textbooks, online courses, etc) and hire me full-time. I will get my Real Estate license while working under him.

Do I need a formal business degree in Real Estate to get a job in the industry or is it just my experience and expertise that counts? What would you guys do having worked already and been successful in this industry?

Thanks for all your help in advanced!

Shray

2 Votes

All Forum Posts by: Shray Patel

Shray Patel has started 1 posts and replied 3 times.

Post: Dropping out of college - what would you do?

Post: Dropping out of college - what would you do?

Post: Dropping out of college - what would you do?