These days a lot of people who are thinking about going into real estate often wonder if they actually need to earn a college degree or not. The truth is that you don’t need to go to college for real estate, but it doesn’t hurt if you already have. That said, there are some degrees that will help you a lot more than a health informatics degree from Golden Gate University, but they’re not even really that necessary. So it begs the question: should aspiring real estate agents skip college? Here’s a few reasons why you definitely could.
Learn the Ropes Online
There are all kinds of websites where you can take real estate courses for free, so you don’t need to pay for an expensive college education in order to get the skills that you need. You can take these courses on your own time and you can revisit all of the concepts that are more difficult as many times as you need to. There’s no need to go through a daunting application process, buy textbooks, or move out of your parents’ house.
Find a Mentor
One of the most valuable periods in your training as a real estate agent is the stage where you start to pound the pavement and get some hands-on experience. That’s why you want to make sure that you find yourself a quality mentor who can really supplement your online training with some real-world knowledge. This is something that you aren’t going to be able to find in any college program, so if you need to invest money in any part of your education as a real estate agent, it should be in your mentorship.
Save and Build Your Business Capital
If you decide not to go to college, then you should be able to save plenty of money that can be set aside as your seed capital. Most real estate agents don’t start cashing checks until they’ve been working for at least six months. This means that you’re going to need to come out of pocket on a lot of the little expenses such as staging the home and supplying refreshments for open house days.
Forget Student Loans
One of the best things about skipping college and going straight into real estate is that you can forget about spending your 20s and 30s paying off expensive student loans. There’s no sense in putting yourself tens of thousands of dollars in debt before you’ve even joined the workforce if you don’t need to in order to jumpstart your career. You will need to maintain good credit if you want to buy a car or rent a home of your own, so you want to keep things simple if you can.
Get a Head Start
It’s nice if you can stay at home while you train for your career in real estate and save the money that would be going toward rent. It’s also nice if you can be out of the house and making money by the time the rest of your friends start graduating from college. If you skip the whole college thing, you could have your own business up and running, while the rest of your friends are moving back in with their parents and trying to find promising internships. How cool is that?