Foreclosure specialist to real estate investor
A foreclosure specialist already meets 43% of what the real estate investor role asks for. The move turns on 7 required skills not yet in the profile.
54.4/ 100
1 How much of what a real estate investor is expected to do is already part of a foreclosure specialist’s work. Directional: the figure for the reverse move differs, because moving into a speciality is not the same problem as moving out of one. 2 Every skill the real estate investor role is recorded as needing, required and optional together. What these numbers mean.
Why this move works
A real estate investor role treats 8 of its required skills as things a foreclosure specialist already does. You would walk in with these on day one.
- banking activities
- collect property financial information
- compare property values
- obtain financial information
- perform property market research
- property law
What stands in the way is 7 required skills the profile does not yet cover. Table 3 groups them; Table 4 says which to take first.
Table 2 · What you already bring
Of the 10 skills that carry over, these are the ones fewest other occupations ask for. A real estate investor role needs them, and most people applying for one will not have them already. This is the part of a foreclosure specialist background worth leading with.
- already held perform property market research information skills
- already held value properties information skills
- already held provide information on properties communication, collaboration and creativity
- already held compare property values information skills
- already held collect property financial information information skills
- already held real estate market business, administration and law
All 10 carried skills, including the 8 the real estate investor role treats as required.
Table 3 · What you may need to learn
The 20 missing skills fall into 6 areas of the ESCO skill hierarchy, numbered in the order worth working in. Areas carrying the most required skills come first, and inside each one the required skills sit above the optional ones. Nothing here is a verdict on you: it is a list of what this particular job asks for that your current one does not.
- still to learn estimate profitability required
- still to learn examine the conditions of buildings required
- still to learn maintain records of financial transactions required
- still to learn provide cost benefit analysis reports required
- optional, not held prepare inventory of properties optional
- optional, not held trace financial transactions optional
- still to learn asset management required
- still to learn modern portfolio theory required
- optional, not held project management optional
- optional, not held cadastral taxation optional
- optional, not held concurrent estate optional
- optional, not held tax legislation optional
- still to learn handle financial transactions required
- optional, not held plan buildings maintenance work optional
- optional, not held supervise property development projects optional
- optional, not held attend trade fairs optional
- optional, not held negotiate with property owners optional
- optional, not held building codes optional
- optional, not held energy performance of buildings optional
- optional, not held actuarial science optional
Table 4 · Where to start
The 3 entries a real estate investor role is least likely to hire without. The ordering is computed from the skill data, not from what pays.
- 01 asset management study this
- 02 estimate profitability practise this
- 03 examine the conditions of buildings practise this
Each entry opens a course search for that skill. Career Overlap earns nothing from these links.
Appendix · The rest of the record
All 10 skills that carry over
- already held banking activities knowledge
- already held collect property financial information skill
- already held compare property values skill
- already held obtain financial information skill
- already held perform property market research skill
- already held property law knowledge
- already held real estate market knowledge
- already held value properties skill
- already held communicate with banking professionals skill
- already held provide information on properties skill
13 supplementary skills, helpful but not required
- optional, not held actuarial science optional
- optional, not held prepare inventory of properties optional
- optional, not held project management optional
- optional, not held attend trade fairs optional
- optional, not held building codes optional
- optional, not held cadastral taxation optional
- optional, not held concurrent estate optional
- optional, not held energy performance of buildings optional
- optional, not held negotiate with property owners optional
- optional, not held plan buildings maintenance work optional
- optional, not held supervise property development projects optional
- optional, not held tax legislation optional
- optional, not held trace financial transactions optional
19 held skills the real estate investor role does not ask for
- not needed by the target role advise on conflict management skill
- not needed by the target role advise on property value skill
- not needed by the target role analyse financial risk skill
- not needed by the target role analyse loans skill
- not needed by the target role apply conflict management skill
- not needed by the target role assess debtor's financial situation skill
- not needed by the target role consult credit score skill
- not needed by the target role create a financial plan skill
- not needed by the target role debt systems knowledge
- not needed by the target role examine mortgage loan documents skill
- not needed by the target role foreclosure knowledge
- not needed by the target role handle financial disputes skill
- not needed by the target role insolvency law knowledge
- not needed by the target role interview bank loanees skill
- not needed by the target role mortgage loans knowledge
- not needed by the target role perform debt investigation skill
- not needed by the target role protect client interests skill
- not needed by the target role provide support in financial calculation skill
- not needed by the target role repossession knowledge
9 gaps that are knowledge rather than practice
Knowledge gaps usually close through study. Practical skill gaps usually need something you can point at.
- still to learn asset management required
- still to learn modern portfolio theory required
- optional, not held actuarial science optional
- optional, not held project management optional
- optional, not held building codes optional
- optional, not held cadastral taxation optional
- optional, not held concurrent estate optional
- optional, not held energy performance of buildings optional
- optional, not held tax legislation optional
Common questions about this move
Can a foreclosure specialist become a real estate investor?
Yes, and it is a moderate move. A foreclosure specialist already covers 43% of what a real estate investor is expected to do: 10 skills carry over, 8 of which the real estate investor role treats as required.
What skills does a foreclosure specialist need to become a real estate investor?
7 required skills are missing, plus 13 optional ones. They fall into 6 areas of the ESCO skill hierarchy, led by information skills. The single most important is asset management.
How hard is the move from foreclosure specialist to real estate investor?
Its learning distance is 54.4 out of 100, which is the moderate band. That accounts for both how much is missing and how specialised those skills are.
How this record was compiled
Both occupations are taken from ESCO, which lists the skills and knowledge each occupation is expected to have and marks every one required or optional. Nothing here is a prediction about hiring, and nothing here knows that a particular employer wants a particular certificate. Treat Table 3 as a starting point for your own research rather than a syllabus. The full method states what these figures can and cannot tell you.