You go on a job interview and inevitably, as the hiring manager scans your resume, talk turns to past experiences. Where have you worked? Who did you work for? What were your responsibilities? What about college? Do you have an advanced degree? What did you study?
It’s all part of the back-and-forth of the traditional job search process. Despite the debate over the true value of a four-year degree, about two-thirds of high school graduates go on to college. But of those college bound, about four in five won’t have jobs when they graduate in a few years. Yikes!
Now think about the equivalent conversation, but in a real estate investing scenario. Just like you spot a job opening, in this case, you’re spotting a great deal—incredibly profitable with an extremely motivated seller or wholesaler behind it. Amazing! Does the seller or wholesaler care where you went to school—or if you have a four-year degree? Do they care where you worked before today, or where you currently work? No. They care about two things:
1. Will they get a good deal, in the end?
2. Can you close the deal in a reasonable amount of time?
That’s it. And from there, whether your deals sink or soar will come down to your ability to simply, get the job done. Can you find funding? Hire the right contractor? Flip the property with fast-approaching closings and short-term loan deadlines looming? And can you keep spotting those deals time after time, and keep them moving fast?
Education and real estate investing
Because of the unique goals and processes tied to real estate investing, it’s essential to weigh the pros and cons of training and education before committing to a specific path—or before counting yourself out because you don’t check certain academic boxes. I’ve seen extremely educated new investors—doctors, lawyers, professors, bankers—hit the ground running and make seven figures from their real estate investments, seemingly overnight. And likewise, I’ve seen countless people who never set foot inside a university flourish and become enviable leaders in the investing world.
Ultimately, traditional educational paths are not going to differentiate you from the competition, at least not in this industry. A degree may give you a leg up in terms of key learnings—strong math and accounting skills, for example, or a knack for understanding the market—but, in the end, what’s going to set you apart from other investors is your ability to move through the stages of buying, rehabbing and flipping properties better than the next guy. It’s how well you tackle the three Fs—finding, funding and flipping—and, as a result, how well you can grow your business and your reputation among agents, wholesalers, lenders and other industry insiders.
These skills come with time and practice, but having strong fundamental skills will definitely position you for greater success, especially in the short-term. These skills come from time in the field, from working with a mentor or coach and from digging into resources and industry insights to help build out your practical knowledge base. And, for many successful real estate investors, that comes from hands-on experience through specialized training programs, designed exclusively for first-time investors.
A targeted curriculum for real estate investing newcomers
These specialized training programs—like the Nick Vertucci Real Estate Academy (NVREA)—are able to consolidate years worth of first-hand know-how and practical skills into short, digestible sessions. My workshops range from the three-day NVREA to two-hour programs designed for those considering getting in on real estate investing. Many of my students take one class or attend the three-day Academy, while others progress through more rigorous coursework, honing their skills as investors and real estate insiders.
That flexibility is another key benefit of specialized training programs. I can’t tell you the number of times someone, long out of college has said, they wished they could get their degree now, versus 10, 20 or even 30 years ago when they were actually in school. Why? Because at different stages in our lives and careers we need and want different skills and points of understanding. At 18 or 20 years old, we may not be ready to absorb and utilize all of that knowledge. But, after a few years in the workforce, we wish we could go back and take that finance class with a more experienced set of eyes, or retake accounting now that the skills actually matter in our day-to-day lives. I know I’ve felt that way on more than one occasion.
The beauty of specialized training is just that—it’s specialized training. With programs ranging from totally free to a few hundred or few thousand dollars, students are able to construct lifelong curriculums that meet their immediate needs and interests in that moment. Want to learn more about real estate investing with no money down? Sign up for one of my workshops! Interested in building a website for your business? There are countless in-person and online classes that will walk you through step-by-step. And tomorrow, next week or next year, when another need or want presents itself, you’ll be able to find a specialized training course that dives into that emerging trend or interest. This approach, unlike college, is 100% tailored to YOU and your career or investor path in that moment. And because it’s more affordable, you can dive in whenever you like.
Don’t let education stand in your way
In that vein, one of the most common excuses I hear for not jumping in on real estate investing is that a person—despite wanting to—doesn’t have the necessary education to be successful in this industry. It’s simply, not true. Yes, a strong foundation is critical, and yes, I wouldn’t advise going into investing blindly, but with some hard work, perseverance and a commitment to gaining the necessary skills, anyone can be a successful real estate investor.
The vast majority of students who graduate from NVREA had no experience before walking through the doors. And now look at them! I can’t tell you how many reach out just months later and tell me they’ve made tens of thousands or even hundreds of thousands of dollars on their flips. They didn’t study this stuff in college. They weren’t real estate agents or big time investors before this. They signed up for the course, they focused hard on absorbing everything they could, and they put those learnings into action the minute they graduated.
And you can do it too.
Don’t let a lack of “the right” college degree—or any college degree—stop you from becoming a successful real estate investor. Thanks to strong specialized training programs out there, you can get a high quality and highly targeted education that will catapult your investing career ahead. The Nick Vertucci Real Estate Academy is a great place to start, and will ensure you get all of the foundational pieces you need in place to go out and start flipping properties. Check out my website for more information, or to see when we’ll be in your city.