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Updated almost 9 years ago on . Most recent reply

User Stats

20
Posts
5
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Ivan Larios
  • Bound Brook, NJ
5
Votes |
20
Posts

Go for real estate broker or investor first?

Ivan Larios
  • Bound Brook, NJ
Posted
Hello everyone, I want to acquire my real estate license and I want to start in investing after that. I have a steady income as a employee at Costco but, I don't want to be there forever so I'm not sure if I should start a career in real estate as a broker or an investor first? Is being self employed really worth it? I remember the EBSI rule by Robert T. Kiyosaki and remember that 90% of people are either employed, or they are self employed and they only get 10% of the money. On the other hand, 10% of the people are business owners or investors and they achieve 90% of the money. So my question is, once I get my license, should I start with real estate investor or find a company to work under as a broker? Any help would be great. I'm trying to get my feet wet with investing but am not sure who to talk to.

Most Popular Reply

User Stats

50
Posts
37
Votes
Anish Patel
  • Investor
  • Hummelstown, PA
37
Votes |
50
Posts
Anish Patel
  • Investor
  • Hummelstown, PA
Replied

@Ivan Larios Great that you are wanting to get into the real estate business and are looking towards the future.  There is a reason that only 10% are in the B and I category, because it takes hard work, dedication, constant learning and sometimes a little luck too.  It is not necessary to become a real estate agent or broker to become an investor.  I would say you will learn more here on BP about investing than on any real estate license course.  I know as I just sat through them recently, very boring.  I would say get involved in some aspect of real estate though, local meetups, read through the BP books and look for a house hack.  I think house hacking is a great step for newbie investors.  You have a solid job it appears and use that to buy a duplex and get into investing.  Its a slow start, but start somewhere and take some action at something.  You'll make lots of mistakes, probably pay to much for your first property, but its all part of the learning curve.  

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