I am fortunate to be a part of the Master’s of Real Estate Development (MRED) program at Auburn University. It’s a 2-year tract targeted at people who have been out of school and working for a while. The focus is “training a new generation of executives to build places that matter.”
I enjoyed sitting on a panel last week, discussing trends in the real estate industry, potential challenges and a look ahead for 2020, also shared here. A few of my takeaways:
- Remember there is a new train leaving the station every day, and real estate investment opportunities are no different.
- Do not second guess your first opinion and be talked into something that does not seem right initially or after a good night’s sleep.
- If a real estate deal sounds too good to be true it probably is.
- Most real estate investing involves partners and operating agreements. Operating agreements are no substitute if the partners are not right.
- A career in real estate, or for that matter anything post-college, should be enjoyable at least most days.
Real estate has always been a marathon, not a sprint, and 2020 is no different. Steady as you go.