Sunday, February 21, 2010

Boston University's Real Estate Expert

Boston University junior ALEX HODARA has done something that no other college entrepreneur has previously done. He has pioneered the first full-time college student owned and operated real estate agency.During his freshman and sophomore summer vacations Hodara worked for Century 21's International Headquarters, a company he now consults for. Feeling that the current real estate model was archaic and not addressing the concerns of the Generation Y market he decided to venture on his own.

In 2008, Hodara obtained his broker's license, paid for four of his friends to get their real estate licenses, and launched HODARA REAL ESTATE GROUP. The company was launched with no financial backing aside from the money Hodara had saved from other entrepreneurial adventures when in his teens.

Since opening in January 2009, the company's revenue to date is an impressive six figures with expected growth into 2010. Recently they expanded into a second office that accommodates 12 agents with another 12 expected to be hired this fall.

HODARA REAL ESTATE GROUP currently has thousands of properties listings in the greater Boston area and is in the process of acquiring their first investment property. They hope to expand into other college friendly towns using the same business model.

Hodara's ultimate goal is to provide college students the opportunity to obtain hands-on business and sales experience while attending college. This fall he will open HODARA REAL ESTATE ACADEMY so students can obtain residential and commercial real estate licenses while receiving hand-on training.

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