Archive for September, 2005
Estate Finance Real
September 22nd, 2005
Question: I want to work in Real Estate Finance but how do I get started?
I am a recent graduate from the University of Connecticut, completing a Finance Degree with a concentration in Real Estate & Urban Economics. I graduated with honors, I did an internship at Prudential Financial, and have references from previous managers, professors and personal friends. I can't find a job. I have been on a handful of interviews that are begun with the explanation that their is not an open position but they would like to meet me now in case something opens up.
I am running out of time to wait. My apartment lease is up on Monday and I don't have any family in the area. My friends have offered to help me out for awhile but I would feel terrible having to live off their charity for very long. I started about a month ago to look for bill-paying jobs such as a bartender, or waiter, even a retail job but have been met with resistance. I am running out of option and am not sure what to do. Any advice would be greatly appreciated.
Cheers,
Greg
Answer: Check into loan consultants international - there are based out of california. I have no affiliation with them but I was hired to research their company once and I was impressed. As for getting a bill-paying job to get by - you're over qualified for those jobs - best bet would be to pick a job that expects a high turn-over rate (sadly those jobs are rarely fun, hence the high turn-over). Also if you're interested in going it alone it wouldn't be that difficult for someone with your experience to acquire a few underwriters to get you started.
Iran Replaces the Dollar; Commercial Real-Estate Price Drop Quickens; Parents reject H1N1 flu shots
Posted in 
Tags: 
Personal Finance Education
September 18th, 2005
Question: What are the best real estate books to begin with for self-education?
I'm looking to change careers into real estate, and have a personal interest in beginning a portfolio of investment properties. What are the best books out there dealing with Real Estate Finance, buying foreclosures, renting properties, flipping, and understanding the general market? Also, what newspapers/magazines do you recommend?
Answer: There are some good books out there but generally they give you either the view from 30,000 feet or they is an agenda that is not grounded in reality. The best thing to do is to get specific about what you want to do in investments: residential, multifamily, retail, office, ground leases, part of a TIC, an investment team, or single source investment. Then know your market where you want to invest. Get to know everyone that can effect or support your investment area: city planners, neighborhood associations, etc. There are loads of things you should do but first you need to get specific about what you want to do.
The RBS Personal Finance Education Awards for Schools, 2010 ceremony highlights