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Updated in [March 06th, 2023]
This course, Commercial Real Estate Investing for Beginners, is designed to provide an overview of the basics of investing in commercial real estate. Led by Peter Harris, author of Commercial Real Estate Investing for Dummies, participants will learn what it takes to own their first commercial real estate investment property, the different asset classes and which ones individual investors target and why, how to evaluate any deal quickly and easily just like the pros, major pitfalls to avoid when investing in commercial real estate, tips for specific types of properties including apartments, self storage, mobile home parks, shopping centers and office buildings, and secrets to building generational wealth. Participants will also gain insight into how owning commercial real estate can be their ticket to lasting financial freedom.
[Applications]
After completing this course, participants should be able to apply the knowledge they have gained to evaluate potential commercial real estate investments. They should be able to identify the different asset classes and determine which ones are best for individual investors. They should also be able to identify major pitfalls to avoid when investing in commercial real estate and be able to apply tips for specific types of properties. Finally, they should be able to use the secrets to building generational wealth to create lasting financial freedom.
[Career Paths]
1. Commercial Real Estate Broker: A commercial real estate broker is responsible for helping clients buy, sell, or lease commercial properties. They must have a thorough understanding of the local real estate market, as well as the legal and financial aspects of commercial real estate transactions. Developing trends in this field include the use of technology to streamline the process, as well as the use of data analytics to better understand the market.
2. Commercial Real Estate Appraiser: A commercial real estate appraiser is responsible for determining the value of a commercial property. They must have a thorough understanding of the local real estate market, as well as the legal and financial aspects of commercial real estate transactions. Developing trends in this field include the use of technology to streamline the process, as well as the use of data analytics to better understand the market.
3. Commercial Real Estate Investor: A commercial real estate investor is responsible for buying, selling, and managing commercial properties. They must have a thorough understanding of the local real estate market, as well as the legal and financial aspects of commercial real estate transactions. Developing trends in this field include the use of technology to streamline the process, as well as the use of data analytics to better understand the market.
4. Commercial Real Estate Developer: A commercial real estate developer is responsible for developing and constructing commercial properties. They must have a thorough understanding of the local real estate market, as well as the legal and financial aspects of commercial real estate transactions. Developing trends in this field include the use of technology to streamline the process, as well as the use of data analytics to better understand the market.
[Education Paths]
Recommended Degree Paths:
1. Bachelor of Science in Real Estate: This degree program provides students with a comprehensive understanding of the real estate industry, including topics such as finance, economics, law, and construction. Students will learn how to analyze and evaluate real estate investments, develop strategies for successful real estate transactions, and understand the legal and regulatory aspects of the industry. This degree is becoming increasingly popular as the real estate industry continues to grow and evolve.
2. Master of Science in Real Estate Development: This degree program focuses on the development of real estate projects, from the initial concept to the final product. Students will learn how to identify potential development opportunities, analyze the feasibility of projects, and develop strategies for successful project completion. This degree is ideal for those looking to pursue a career in real estate development, as it provides the necessary skills and knowledge to succeed in the field.
3. Master of Business Administration in Real Estate: This degree program provides students with a comprehensive understanding of the business aspects of the real estate industry. Students will learn how to analyze and evaluate real estate investments, develop strategies for successful real estate transactions, and understand the legal and regulatory aspects of the industry. This degree is ideal for those looking to pursue a career in real estate finance, as it provides the necessary skills and knowledge to succeed in the field.
4. Doctor of Philosophy in Real Estate: This degree program provides students with a comprehensive understanding of the real estate industry, including topics such as finance, economics, law, and construction. Students will learn how to analyze and evaluate real estate investments, develop strategies for successful real estate transactions, and understand the legal and regulatory aspects of the industry. This degree is ideal for those looking to pursue a career in academia or research, as it provides the necessary skills and knowledge to succeed in the field.
Developing Trends:
1. Technology: Technology is playing an increasingly important role in the real estate industry, from the use of drones for surveying to the use of artificial intelligence for analyzing data. As technology continues to evolve, it will become increasingly important for real estate professionals to stay up to date on the latest trends and technologies.
2. Sustainability: Sustainability is becoming increasingly important in the real estate industry, as more and more investors and developers are looking for ways to reduce their environmental impact. This includes the use of green building materials, energy efficient systems, and renewable energy sources.
3. Globalization: The real estate industry is becoming increasingly global, as investors and developers look for opportunities in new markets. This includes the development of new projects in emerging markets, as well as the acquisition of existing properties in established markets.
4. Data Analysis: Data analysis is becoming increasingly important in the real estate industry, as investors and developers look for ways to make better decisions. This includes the use of data to analyze market trends, identify potential opportunities, and evaluate potential investments.