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Question: I want to become an investor/developer when i'm older (property ect). what degree would be most useful?

(Posted by: on 2010-08-30 15:48:31)

So I've been thinking forward lately and I think an Investor is perfect for me. However to start i need to earn money so i can then use it to invest. However i don't know what to study at university. I studied a BTEC national diploma in electrical engineering and got DDD so i was thinking about studying that, or maybe business? Basically I'm looking for your help to help me decide on my future.

Posted by: ASKBiblitz on 2010-08-30, 16:30:15

Here in B.C., home to the high-end leaky condo industry, your best bet is a law degree. Lawyers make money on all sides of every real estate transaction - they can even sell the stuff here - so they are quite often the people to form 'corporations' with realtors and others to buy leaky condos at hugely reduced prices, rent them to unwary tenants during the leaky condo 'repair,' then flip them for enormous profit when the 'repair' is complete! Money for nothin' and your chicks for free - askbiblitz.com/ condo-guide.php

Posted by: Alpha O on 2010-08-31, 09:39:50

Wow ....great question! Being an investor or developer are essentially combinations of very intricate skill sets. I don't think any degree could adequately prepare you. Having said that, there are a lot of degrees that could be helpful for various elements. Here are some 'knowledge domains' that you would need to master to be a successful & profitable investor AND developer. * Knowledge of your local commercial / residential market - specifically, intimate knowledge of everything that has sold in the past 12 months (price, size, type, zoning) * Knowledge of zoning ordinances, codes, regulations, planning & laws for your locale * Knowledge of current financing options (this changes frequently!) in terms of what lenders or capital partners are in the market for what kinds of deals * Knowledge of finance and financial concepts * Mastery of a financial calculator (eg: HP12C) * Knowledge of real estate law / lien law * Knowledge of construction estimating & building practices * Knowledge of everything about your local property appraiser's office * Knowledge of factors influencing economics & macro-economics of your nation, state & locale * Knowledge of state / local development tax credits (depending on what you're developing) Probably one of the closest thing that dovetails much of this is the course of study to achieve the CCIM real estate designation in the world of commercial real estate. Hope this was helpful Best, EricJ