Criticality of continuing education in real estate investment
Why is real estate considered the best investment yet so many people fail?
Let’s face it: the real estate market is never the same. Sometimes there is a strong appreciation and other times the market rolls downhill with no sign of stopping anytime soon. This is the state the market is in right now. The residential housing slump worsened with a record number of foreclosures last year, adding to the slew of unsold, rusting properties. Imagine having some clues about this situation a couple of years ago. Wouldn’t you have made a five, six, or even seven figure fortune by now? This is where real estate investment education comes in handy! Whether you are a novice or a seasoned insider, investment education knows no bounds as there is always something new to learn.
The condition of this market right now is very different than it was a decade ago. What you know ‘then’ is almost inapplicable to the current scenario. This shows that continuing education in real estate investing is important to replace outdated information and ideas with new ones.
Tycoons like Warren Buffet and Donald Trump continue to profit even in shrinking markets. Unfortunately this does not happen by magic. It is their continued study of real estate investing that has helped them get to where they are and stay there as well.
If you are seeking education in this field, there are a variety of options available for you to use. How you use them will depend on your current experience; a complete beginner will make use of different options compared to an experienced investor. Another factor that will limit your options is your budget; Not all sources of education are free.
• Webinars: A webinar is a web-based seminar in which presentations, lectures, and workshops are delivered over the Internet.
• Get a membership in a real estate investing club
• Join a training program – Specific programs are tailored to different aspects of real estate. They differ for novices and experts.
• Buy a real estate investment course
• Buy books: There are a large number of hardcover books and e-books available on the Internet. You will surely find a perfect book for you!
• Tutorships
• Taking classes – there are several specialized institutions in this area
• Attend the weekly and monthly seminars that are regularly held.
