How to start my career in RE without taking a step backwards - Is it possible?

How to start my career in RE without taking a step backwards - Is it possible?

Boca Raton, FL · Member since 2016 · 12 posts · 2 votes

Greetings, everyone!

I'm Carmen, and for years I've been nurturing a keen interest in the realm of real estate. While my fascination lies predominantly in the investment aspect, I've found myself constrained by the lack of initial capital required to embark on the investment side of this dynamic industry. My overarching goal has been to accumulate enough funds to fuel my entry into the world of real estate investment. Regrettably, this strategy hasn't unfolded as seamlessly as anticipated, prompting me to explore an alternative approach.

In light of this, I've decided to pivot my approach. Instead of waiting to amass the necessary capital before venturing into real estate investment, I'm now focused on leveraging opportunities within the industry to generate income first. By actively engaging in the industry itself, I aim to eventually channel these earnings into my investment pursuits.

It's not uncommon to encounter this dilemma during one's career journey. Many individuals aspire to transition into different roles or sectors, yet find themselves reluctant to take a step back in terms of income for a span of years, even if it leads to greater future prospects.

With this in mind, I'd like to pose a straightforward question: How can one initiate a career in the real estate domain without undergoing a significant financial setback? What avenues are available for both learning and earning? Furthermore, I'm curious if there's a particular niche within real estate – such as property management, sales (real estate agent), apprenticeships (if such opportunities exist), and more – that offers a promising starting point.

Your insights and guidance on this matter would be greatly appreciated!

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  • Member since 2022 · 6 posts · 1 vote
    3y

    Hey Carmen,

    I have to admit with a last name like that, I am weary about replying. 

    I had the exact same question last year and this is the path I have decided to choose. I am keeping my W2 or a W2 for the time being so I have some stability for my family and a constant paycheck. On the side I have gotten my Real Estate License and I am going to assist a very successful agent I know. I am treating this as part of my business and any net profit from this will go directly into my REI account. As soon as it is feasible I am going to invest into additional properties when it makes sense (numbers/cashflow wise). Eventually, hopefully sooner than later, I will be able to hit my number and switch to my REI business full time and explore other avenues for income streams.

    Thats my strategy as concise as I can put it but the hard facts are that I need income to support my family, all I have is determination and grit to get me there on the side. Just the start of my story and I wish you the best of luck in your journey!

    Will

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