Hello,

I have met alot of people going to supercar meets here in Cyprus and 90% of them said they are in "Real Estate or Construction" but nobody really told me exactly how to start and how to get into it.

When i was asking them most of them were "chewing up" their words which is wierd.

Anyways am 26 i want to get into this as well.

How do you start getting into this industry?
Do you study in university?
Get any certifications?

Let me know please

Thank you.

by Curiousredditor00

10 comments

  1. But a plot of land, buy a plan, wait for building permission, find building company to do hard work, sell flats.

    Very simple my friend, very simple. Tomorrow, my friend.

  2. I am assuming the majority of them sell “luxury villas” to foreigners with insane margins due to high demand.

    You can get certified as a real estate agenr (so basically sales and salary based on commision).

    Become a real estate developer (so basically learn how to take projects, know people and processes).

    Or outsource building to developers and sell/rent the peoperties (requiring significant capital).

    The most realistic at this point is option A I assume, which sounds super unreliable as real estate markets usually go up and down (so does sales and your commission).

  3. step 1: be rich, step 2: have connections, step 3: profit????

  4. Πρέπει να είσαι ή ολιγάρχης ή μες την Ουκρανική, Συριακή μαφία. Ή όπως την Γερμανίδα που εσυλλάβαν σήμερα που εγνωρίζετουν με τούρκους, αγόραζε παράνομα ελληνοκυπριακές περιουσίες στα κατεχώμενα και μες τα αεροπλάνα εδιαφημίζετουν ότι πουλά ακίνητα κλεμμένα.

  5. I know someone who builds like this, but he started 40 years ago and borrowed a lot of money in the process. So it’s not something you can do in 2-3 years, closer to 20-30

  7. RE Investment banker here.

    The RE industry is full of fraud (EVERYWHERE).

    Everyone is up charging from the plumber to the painter to the developers.

    A lot of times the developer uses what is cost plus pricing on the construction ,so they get paid for building the project and not selling the the project.

    I could talk about it for hours but the reality is these fuckers are always finding new tricks to overcharge and underdeliver.

  8. You mean as a developer or as an agent ?

    If as an agent, then look into applications for real estate agents vacancies.

    If for development, there are high barriers to entry. It might be a good idea to start as an agent and you’ll understand.

  9. So you’re going to supercar meets and ask the attendees what their job is and are going to switch careers just because of the generic answer those people gave you? Great idea buddy, you got this 👍

  10. They’re laundering money lol, that is what cyprus is for. Real estate is literally 99% of what money launderers do in cyprus.

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