What is the development of your career?

What are the best ways for a recent graduate with an Architecture degree to start a career in Real Estate Development/Investment?

  • I am graduating this year with my B.Arch from a highly ranked Architecture program in California, however I have been highly interested in pursuing Real Estate Development as a career path recently. What are the advantages to having an architecture degree (if there are any), how would one go about gaining a foothold in the development world from this architectural background? Would getting a real estate license be beneficial to gain a general background in real estate that I don't get with my Architecture education?

  • Answer:

    The best way is to obtain an entry-level position at a real estate development firm where you can learn from and work with experienced developers and investors.  A degree in architecture should make you immediately employable in the industry.   Developers and investors are constantly assessing potential conversions of properties to other uses, "ground-up" development projects, build-outs of interior spaces for commecial tenants, renovation projects and a host of other assessments and projects where architectural or engineering skills are required to make important decisions.   A real estate license would not be helpful unless you want to practice brokerage or simply have additional credentials in the industry.

Bruce Feldman at Quora Visit the source

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Other answers

There are two paths to take from your current position: The slower, less risky path: Go find a job working for a developer. They always need people who understand architecture, particularly zoning codes. If you want to go this route, choose a smaller company where you will be able to interact with the key decision-makers and ask questions. The faster, riskier path: This is what I would do. First, go get a real estate license. Then, start looking at everything that comes on the market in your preferred area. Pay particular attention to the zoning. What you will find is that there are properties that are undervalued because the brokers don't understand what you can build on them. Find one that has been on the market for a long time. Make the owner an offer with a 60 day contingency period. Build a simple financial model showing how you can buy the property, (re-)develop it, and sell the project for a profit. Take the model to some rich people you know, and see if you can get one or more of them to go into business with you. Bang - you're a developer. I don't mean to make this sound easy. But it's how I got started. And, if you work really hard and get a little lucky, you will find you're in a position to do your own deals a hell of a lot faster than you would working for someone else. You might be interested in my blog: http:http://kagansblog.com

Moses Kagan

I agree with Bruce. The best way to learn the business is to jump in and get a job as soon as possible. Don't wait for that perfect position. I've written extensively on getting started in the real estate business - http://astudentoftherealestategame.com/start-here/

Joe Stampone

Dive straight in he heart if these companies even offering to work for free for a month.I guy I employed did exactly that. Proved himself worthy and is now the top salesman in that office.Get a really slick covering letter attaching your cv. If you're not confident with the covering letter you can hire a copy writer at http://www.fiverr.comGood luck

John Savage

I agree with all the answers below, however I would suggest getting your RE license and joining a commercial brokerage, this way you can interact with different investors and different property types (office, retail, multifamily). You also get to know both ends of the business and cultivate contacts.All answers here, including mine suggest a different career paths, you have to decide which one interests you the most. Good luck.

Priyanshu Adathakkar

Your best case scenario would be to try and get an architectural position in an entrepreneurial development firm where a part of the learning is not only analyzing the construction project, but also underwriting the project.Having access to the entire development process and responsibility for planning what can be built, how much, and what it costs are key components used to underwrite the development and create a development proforma.

Christopher Telles

The best way to approach real estate agents is to make your online business page by doing signup at http://www.realtytree.in/registration.aspx complete your profile so that others agents came to know about you world wide easily & then invite all real estate agents & brokers. For more info visit at http://www.realtytree.in

Abhishek Khanna

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