“When I was in college or middle school, commercial real estate wasn’t talked about,” he explained. “It’s important to understand that commercial real estate is very different from residential. Each transaction is unique, and there are many factors to consider, including economic conditions and interest rates.”
Steps to getting started in commercial real estate include:
1. Getting your real estate license.
2. Deciding between residential or commercial real estate.
3. Creating a business plan.
4. Making a list of necessary training courses.
“We help you prepare a business plan detailing what you need to do to be successful,” Ryland said. “This includes the educational courses you need to take and pairing you with a mentor within our organization
His goal is to introduce young people to commercial real estate early, starting in high school. Ryland actively visits middle and high schools, informing students about the benefits of real estate.
“We work with students from the University of Houston, TSU, Rice University, and Prairie View University. I’m on the business board for Prairie View, and we talk to young folks early in their careers, as well as those making career changes later in life,” he said.
For students interested in getting involved, Ryland suggests researching internships or contacting his company at 713-952-5066 or info@arvorealtyadvisors.com.
“Be financially and mentally prepared,” he advised. “If you’re not married, don’t get married. If you don’t have a mortgage or car payment, avoid them. Stay with your parents if you can, as it might take 24 to 36 months to start generating income. Commercial real estate is a $1 trillion industry with significant under-representation, so if you’re looking for a challenge this summer, here’s your opportunity.”