Updated about 9 years ago on . Most recent reply
Punching bag
Long term goal: own positive cashflow rental property in southern California (I'm aware cashflow in CA is low compared to other markets).
Short term goal: earn and learn what it takes to own positive cashflow rental property.
Strategy: Get Real Estate License (3 months to gain credibility), then apply to job postings as leasing agent, title company, property management or any real estate related activity that earns me $3,000/mo gross income for living expenses.
Question: Is this a good strategy? Would you choose this path if you had to start over?
My why: I want my own house. I'm living like a gypsy and it sucks. I believe the sellers market is shifting to a buyers market in the next one or two years. Before that happens I want to be knowledgeable and financialy capable to scoop up my first deal.
About me: Male, 42, no kids, CA native, no college degree, shaky job, looking to leave the rat race and control my destiny. Former HOA president of 8 years, in average physical shape.
The punching bag is set start swinging, thanks.
Most Popular Reply
Just wanted to give you thumbs up for having the guts to be so open about your current situation.
Like @Tommy F. said, you don't need a RE license to be an investor. Google "we buy houses," go on Craig's List or call some bandit signs, and talk to an investor who's experienced and is willing to have you work with them. The good ones will say "no" because, frankly most won't want to bother; But if you're persistent and won't take "no" for an answer, they'll see you're serious and they'll have plenty of things for you to do. Important thing is to bring your work ethic and soak up as much as possible.
Good luck to ya.