Even if you have experience in real estate investing, the reality is that you are probably not an expert.
Real estate investors who really want to control their investments should dig into the industry, know their market, and understand the risks and rewards from an investment perspective. This personal and professional growth requires continuous learning from several angles.
Whether you are a new investor in this field or have years of experience under your belt, there is always something new to learn in real estate, but it can be difficult to navigate the market on many levels. . Investors should be up to date with their industry knowledge and know the unique risks to help them develop their strategy and make sound investment decisions.
Here are some resources that will help you develop your knowledge of real estate investing:
- Roofstock Academy.
- Online university extension course.
Founded in 2015, Roofstock Academy is a training program designed by seasoned real estate investors to help retail investors who know the merits of real estate investing but don’t know where to start.
Roofstock also has a single-family rental home marketplace in which investors can buy and sell real estate online in a range of markets across the United States.
Asked what makes a good real estate course for beginners, Gary Beasley, co-founder and CEO of Roofstock, based in Oakland, Calif., Said, “A good real estate course for beginners defines and dissects concepts, critical processes and principles in bite-sized chunks, providing real life examples for each topic. “
According to Beasley, “learning should be a combination of on-demand lectures and group or individual coaching.”
In its online repository of documents, investors who use Roofstock can access interactive lectures and one-on-one coaching for real estate investment advice and find a community of other real estate investors to interact with.
Roofstock offers a masters program that includes lectures, individual and group credits in the Roofstock Marketplace, and other features. Their second option is Coaching Only, where investors can speak with an experienced real estate investor about strategies to achieve their investment goals. The masters program costs around $ 1,250, as of this writing, although there is also an installment plan, which is slightly higher in total.
This price may seem high, but course prices can vary depending on your investment goals and what you want to get out of the learning experience.
Before committing to investing in learning, Casanova Brooks, Founder and CEO of DreamNation, recommends that learners “make sure the teacher / mentor has proven that they can get results and have good results. strong track record of helping others achieve results ”.
This training program may appeal to investors who need the guidance of seasoned investors who have the knowledge and experience to deal with the complexities of navigating the real estate market.
Udemy is an education marketplace that offers online courses on a multitude of topics, real estate investing being one of them. With Udemy’s courses, you can develop skills starting with the fundamentals of real estate investing and working through advanced real estate training.
To determine which online investing course is best for you, Brooks encourages investors to assess their current situation to judge whether a particular course is helping achieve the results you are looking for.
“Ask yourself why do you want to invest in real estate? How does it look in your current situation? Do you have a stable income? If so, you might be taking more risks. If you need immediate cash flow to quit your job, then you want to make sure the course has tangible advice that you can implement immediately, ”says Brooks.
Individual investors can target their real estate niche by reviewing courses in commercial, residential and commercial real estate, learning the fundamentals and possibly moving on to more difficult topics in the field.
Some Udemy real estate investing courses even offer a certificate of completion.
Brooks recommends reviewing course FAQs and student testimonials. He also says to watch if the students comment on what they didn’t know before class and what they learned afterwards.
When browsing Udemy to find the real estate investing course that best suits your learning needs, keep in mind that some courses are free when you sign up, while others are paid.
Online University Extension Course
Universities offer extension courses or continuing studies for those who wish to develop new skills in a cost-effective manner.
Harvard Extension School offers an online real estate investment training course through its continuing education division. To complete the program and earn a certificate, you must complete four courses. The average cost is $ 11,600 to complete the certificate based on current tuition rates, according to the school’s website.
UCLA Extension, which focuses on continuing education, offers real estate certification with a focus on investments. According to the UCLA Extension website, the estimated tuition fee for the program is around $ 6,700.
Online extension programs or continuing education programs can come at a steep price, but the benefits could be worth it. According to the UCLA Extension website, one in four students who graduated with a certificate in their real estate investing program received a pay raise after starting the program.
Compared to free content, extension programs provide a more structured, detailed, and extensive learning experience. If you prefer to take control of your real estate learning knowledge, maybe a self-directed learning experience would be better and more economical for you.
Coursera is an online learning platform that partners with universities and businesses for students to increase their knowledge and skills in an industry, such as real estate. Coursera’s real estate investment content comes from affiliated universities such as Duke University, Rice University, and Columbia University, among others.
The first step is to create an account, log in and browse the real estate course offerings. Once you have chosen the course you want to enroll in, you can enroll. Some courses give you the option of paying for the service and receiving a certificate upon completion.
You can also bypass the payment of a course by choosing the option “Audit only”. This allows students to register and view course materials for free, but you will not be able to submit assignments or receive a certificate of completion.
Jess Lenouvel, Founder and CEO of The Listings Lab, a virtual marketing training and mentoring program for real estate agents based in Ontario, Canada, explains how to find a real estate investing course. “(It can help) people take their skills to the next level, while also implementing creative tools and moving away from traditional real estate tactics,” Lenouvel said.
To take with
Real estate investing can be a great way to make a living, but the field requires you to develop and refresh your knowledge, develop new skills, and possibly collaborate with experts in different styles of real estate investing.