Real estate is a great investment, but only if you know what you are doing. Knowledge and understanding are essential to be successful as a real estate investor, but the traditional pathways of learning such skills, i.e. buying a bunch of real estate and seeing what sticks together, can be time consuming and laborious. and incredibly expensive.
Luckily, classes are a quick way to gain the information and skills you need to be a competent real estate investor. Here are a handful of must-have courses you can use to improve your real estate investing skills and see more success sooner.
Fundamentals of real estate analysis
If you are not yet sure what type of real estate you want to invest in, you can start with a course in analytical fundamentals. Newbies often have a hard time figuring out which properties are ripe for investment, what market conditions to follow, and when and where to expand their portfolio. So that you could learn the basics of real estate from a book, it is often more rewarding to attend a course, where you can benefit from the knowledge and experience of a real estate expert.
Single-family real estate investment
If you are like most investors, you will likely have some experience with single family real estate after purchasing your first home. Thus, you might feel more comfortable taking advantage of this experience by acquiring more single family properties for investment purposes. However, investing in this real estate is not exactly the same as buying single family real estate for personal use. You will probably find it helpful to sign up for a single-family real estate investing course to teach you how to find a worthy property for investment, how to manage a single-family portfolio, and more.
Multi-family real estate investment
Multi-family real estate can seem daunting, given its higher price and larger footprint, but multi-family properties can be attractive to investors looking to grow their portfolio quickly. Typically, multi-family investments generate extremely strong cash flow, with multiple rents collected each month. A course in multi-family real estate will help you identify multi-family properties that are worth investing in, and it could also help you avoid the fees for property management services, which can deplete a good chunk of your profits.
Commercial real estate investment
Investing in commercial real estate is a big step for many real estate investors, and it is a step that few people regret. Commercial real estate tends to offer higher income potential as well as less competition, making it easier to acquire properties that will boost your portfolio. Yet the world of commercial real estate is large and complex, which can make it intimidating for first-time investors. A short real estate online course focusing on commercial real estate will give you the tools to analyze commercial properties and thrive as a commercial real estate investor.
Wholesale real estate investment
Once you gain confidence as a real estate investor, you might consider entering the world of wholesale. Wholesale real estate is all about buying and selling a property all at once; wholesalers contract a property with a seller and find an interested person to buy it at a higher price before that contract comes to fruition. Essentially, wholesalers are middlemen with networks of willing and ready buyers to make purchases. Wholesale can be incredibly lucrative, but you need to have a good understanding of how the market works, which means signing up for a course dedicated to real estate wholesale.
Real estate financial modeling
Financial modeling is a tool for understanding your past, present and future finances. Real estate investors rely heavily on financial models to help them find investment-worthy properties and optimize the performance of properties in their portfolios. While a lot of financial modeling takes place in tools you already own, such as Microsoft Excel or Google Sheets, a course in financial modeling will help you understand how to create a financial model that’s right for you.
Real estate syndication
When a group of real estate investors pool their knowledge, skills, resources and capital to buy a property, they become a real estate syndicate. When considering a real estate syndication, you have to make a choice as to your role: do you want to be an investor, who owns part of the property, or do you want to be the syndicator, who searches, secures and manages the property while earning a big commission? Before you get involved in syndication, you should spend some time learning about the laws and processes that affect it, which means finding a related course.
You need to know what you are doing to be successful as a real estate investor. While time and experience can give you the knowledge and skills you need, it’s much faster and safer to take a few courses before you dive into the complex world of real estate.