Real Estate Analyst Life Videos:
Here’s a brief list of what Real Estate Analysts do:
Tracking, monitoring and analyzing the local real estate market
Collecting data to make real estate forecast models
Using knowledge about real estate trends to make predictions and recommendations
Creating strategic plans for organizations and their long-term real estate investments
Writing research reports to document their findings
Presenting research findings and analysis to team members or clients
Entering data and maintaining a database for real estate trends and statistics
Here’s how YOU can become one:
Education and Qualifications:
Bachelor's Degree: Obtain a bachelor’s degree in a relevant field such as finance, economics, business administration, real estate, or urban planning. These disciplines provide foundational knowledge essential for real estate analysis.
Advanced Degree (Optional): Consider pursuing a master's degree in real estate, finance, or a related field for deeper specialization and better career prospects.
Gain Relevant Skills and Knowledge:
Financial Analysis: Develop strong quantitative and analytical skills. Real estate analysts need to analyze financial statements, perform cash flow projections, and conduct investment analysis.
Real Estate Market Knowledge: Understand market trends, property types, zoning regulations, and local economic factors that influence real estate values.
Computer Proficiency: Familiarize yourself with spreadsheet software (e.g., Excel), financial modeling tools, and databases commonly used in real estate analysis.
Gain Experience:
Internships: Seek internships or entry-level positions in real estate firms, investment companies, or financial institutions where you can learn about real estate analysis.
Entry-Level Positions: Start as a research analyst, junior financial analyst, or assistant under the supervision of experienced real estate analysts to gain hands-on experience.
Develop Technical Skills:
Financial Modeling: Learn how to create and interpret financial models specific to real estate investments, including discounted cash flow (DCF) analysis, internal rate of return (IRR), and net present value (NPV) calculations.
Valuation Methods: Gain proficiency in real estate valuation techniques such as comparable sales analysis, income capitalization approach, and cost approach.
Networking:
Industry Events: Attend real estate conferences, seminars, and networking events to connect with professionals in the field. Building a strong network can provide job opportunities and mentorship.
Professional Associations: Join industry associations like the Urban Land Institute (ULI), National Association of Real Estate Investment Trusts (NAREIT), or local real estate associations to stay updated and connect with peers.
This is a very brief and general plan. To know your specific academic path for this career please talk to an advisor at the college or program you plan on attending!