How can I start-up In Real estate
Hi, Currently I am in my second year of civil engineering. I literally don't envision myself working from 9 to 5 for some company. I intend to be an entrepreneur. Any ideas how I can start-up in Real estate in context of civil engineering. By start-up I mean from zero. Not zero I can afford some stuff but the lower the investment capital, the better.
I highly recommend the 9 to 5, or 6 to 6 rather, early in your career. You'll need a PE license to offer any civil engineering services, which I believe requires work in the field during your EIT doesn't it? Without that you can't offer any professional engineering services.
I do respect your opinion and I do wanna work form 9 to 5 but I wanna do something outside of that job to patronize my knowledge and work ethics. Right now with almost no knowledge, I know I can't make an impact of any kind. You can say I want side ideas or PLAN "B"
Agree with @pere797" . I would work in that industry and learn the process for a few years while constantly looking for problem areas that you can fix or streamline.. then you have a business.
To go high in real estate you need experience. So, just star-up your work to gain experience, with experience you will go ahead.
Civil Engineering graduate with a useless degree here, you have to have experience in the industry to succeed.
Not trying to be an ass about it, but i'd say you're pretty useless up until at least 2-3 years of experience. A lot of the industry is really counter-intuitive and you won't have the abilities and skills to succeed unless you have a massive purse that allows you to fail multiple times, a boots-on-the ground skill set that allows you to develop small real estate projects with minimal contracting, or a huge Rolodex that allows you to succeed.
Any engineering consulting startup requires a PE, which requires an FE + years of experience based on your state. IMO, geotech/materials testing is the easiest way to own your own shop and keep working. Demand is high and capital to startup is fairly low. Environmental as well but you'll never get rich doing that. Design requires at least 10+ years of experience before anyone will take you remotely seriously.
Any RE based ventures require capital and a lot of savvy. Either you play it from a dev. experience with capital game and buy/sell/develop larger projects, or you play it from a construction savvy value-add that requires the ability to actually swing a hammer. Both have high risks that are only mitigated from experience.
Find a job with a GC, Developer, REPE, REIT, or anything remotely related. Either that or start rich. Stay in school, go to career fairs, and get better grades. Unfortunately there aren't any shortcuts to getting rich and owning your own shop. If you want to startup at 22, swap your major to CS and/or create a non-engineering business.
I heard it from my seniors and few of my teachers too. And now you are saying the same. I guess it's really true. In civil, I have to grind in few years before I actually can get to the point where I want. PS I am thinking to start a non engineering business to bloom, if I rely on the degree, I know it's gonna be a creepy experience
You seem to not know what you don't know. You need experience like everyone else is saying. Work for a GC, you will learn a lot
Here are some steps for start-up in real estate :-
I think it will help you a lot !!
Don't use the word "literally" when what you are saying is already literal.
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