<p>Do you think Real Estate business be worth it in terms of income? I would like to start working in this field as an undergrad. So will Real Estate get me alot of $$? Is prestige of my business school a factor? Thanks.</p>
<p>It all depends on how hungry you are...you have to have tenacity, great people skills, a network, and strong negotiation skills to do well in Real Estate...it's a huge market that will probably always have potential for the most cut throat.</p>
<p>Eh, when all those baby boomers die... there will be alot of empty real estate... and not many people to buy them..</p>
<p>regarding the baby boomers, I once read that once the baby boomers start selling their properties to be able to finance their retirement etc prices in real estate will fall fast....I'm probably wrong, but I'm sure I read it some where...</p>
<p>^^^I can see that happening...it's not like baby boomers will have a lot of time to sit around and get the best price on their homes while their retirement/death bed waits, and the perspective of a lot of them will probably be that they already made a fine profit on the house. The massive exchange of houses, with buyers being few and sellers being many, should--by logic--drive prices down.</p>
<p>What do you think the best money making business career would be in ten or twenty years?</p>
<p>Entrepreneur! </p>
<p>With the big loss of employees from the retirement of baby boomers, opening an employee staffing agency is probably going to be big business in the next few decades. </p>
<p>Successful entrepreneurs will always be the biggest money makers though.</p>
<p>Entrepreneurship involves alot of risk taking.</p>
<p>you asked for, and I quote:</p>
<p>
[quote]
the best money making business career
[/quote]
</p>
<p>so, I will tell you that the best money making business career is, and always will be (subject to the American Economy staying as capitalist as it is) Entrepreneur.</p>
<p>Besides entrepreneur, sales careers are probably the next most lucrative careers. Less Risk=less reward...I'm not sure there is a way around that rule unless you inherit the fortune.</p>
<p>As far as which fields to go into for the highest potential of a good salary over the next ten-twenty years? Well if you don't like risk, then Accounting.</p>
<p>So is Real Estate a bad idea? Is it a bad idea to do Real Estate in semi-rural areas like Wisconsin, Florida, and Maryland?</p>
<p>Commercial real estate is a little more steady and has much higher average incomes than residential. A few residential brokers do well but the vast majority make under $50K. The average commercial broker makes over $100,000.</p>
<p>I have met many a strarving real estate broker. You get to drive people aroung in your car, your gas, that just look for entertainment and may never buy. I also think that taking strangers into your car and into empty properties can be somewhat dangerous. Additionally, the more expensive properties are often shown by the owner of the real estate company or senior broker, and the other brokers lose out on those commission dollars. Also, many homeowners use alternatives to selling through a broker today, to save on commission.</p>
<p>If you are talking about investing in real estate, remember "location, location, location" to make money. That is far from always true, but overall it is good to remember. An example where it is not true-I know of a guy who buys broken down properties in neighborhoods that are being improved. He gets some sort of government assistance for it- don't remember what it is called. He has made a lot of money doing this. He has 3 other partners with him. After he repairs the property, he rents to those on government assistance, and then after x years he sells the property. This is where he makes his money.</p>
<p>hmm, is Florida a good place to invest?</p>
<p>"Do you think Real Estate business be worth it in terms of income?"</p>
<p>the easy naswer to that question would be HELL YES. look, like all fields of employment, real estate is cyclical so dont worry about whetehr or not it will be attractive in the future. you have your bad years and your good years. real estate is a great commodity to sell and buy for profit. and there are a lot more things ytou can do in this field than just slaes and brokerage. </p>
<p>a hot area in florida righ tnow would be miami. but in general you can make money any where.</p>
<p>Do I need a degree to be in this field?</p>
<p>I think all you need is the license, but I don't live in the US so I might be wrong.</p>
<p>There are a lot of real estate schools that will train you--in about 6 months to a year--to get you licensed, but a degree will give you some prestige amongst clients I imagine.</p>
<p>Real Estate is, essentially, sales.</p>
<p>Is there an age limit?</p>
<p>u can always go abroad and sell real estate if the home market is not doing so well.</p>
<p>Do I have to be 18 for the license?</p>