Advice-where to start?

[Leslie Konga]

Good Morning BP fam!

I recently graduated from Houston Community College with an Associate degree in Business. I would love to take a year off, and fully immerse myself into the Real Estate industry. I' ve read books, watched Webinars, and went to conferences. I have asked around and people told me that the easiest way to enter the Real Estate world is by being a licensed Realtor. To be honest, looking at my finances, obtaining a license right now will not be possible. I heard that I can also be an assistant, and that I don't need a license for that. What companies do you guys think I should look into? 

[Brian Gibbons]

Originally posted by @Leslie Konga:

Good Morning BP fam!

I recently graduated from Houston Community College with an Associate degree in Business. I would love to take a year off, and fully immerse myself into the Real Estate industry. I' ve read books, watched Webinars, and went to conferences. I have asked around and people told me that the easiest way to enter the Real Estate world is by being a licensed Realtor. To be honest, looking at my finances, obtaining a license right now will not be possible. I heard that I can also be an assistant, and that I don't need a license for that. What companies do you guys think I should look into? 

 Hi Leslie, for you to have a fast start in real estate as a new agent,  it's not the easiest thing in the world because many first year realtors don't make a a ton of money.

Remember to make money in real estate you need marketing money, it doesn't matter what you do in this business. You're looking for a motivated seller and you're looking to help them sell their house either by wholesaling or perhaps lease  option assignments

Remember

if you act as a principal in the transaction you don't need a license most of the time

so you could offer a seller to buy their property on Subject to or on a wraparound mortgage or lease with an option with the intention to assign

I would join your REIA president and talk to your president about donating time in exchange for learning the business of real estate investing

Know that this business is first and foremost looking for 4 things:

1. Looking for motivated seller that will accept a creative offer or a low cash offer

2. Looking for two kinds of buyers: first type is a cash buyer that will buy a wholesale deal from you, Second type is an owner occupant terms buyer that will buy  a lease to own house from you

3. Looking for Money and credit partners: these people either be a private lender and loan you enough money to buy a house like a bank, or a joint venture partner that will fund the entire project for a % of final profit. 

You find these people by just talking to regular people that have money in their IRA or savings account

4. Your center of influence. Finding people that are in your center of influence they can refer you business, when you first start you need to ask people 

"who do you know that wants to either buy a house or sell a house?"

You may want to go to the library and read all you can, 

find a local mentor,

get a kindle  Monthly I think 10 dollars

Best of luck!