Updated about 9 years ago on . Most recent reply
RE Investor becoming an agent
My husband and I own a few rental properties in the Boise, Idaho area and we are planning to sell one soon, so I have decided to go to real estate school and become an agent. I have always loved real estate and wanted to do this, and now is finally a good time. I currently manage our rental properties, but am mostly a stay at home mom so I likely won't jump in full time. I just want to do our deals and maybe help a few friends and family members. I am wondering what advice you have for going this route? What are the draw backs to selling your own house? I know people often get their emotions involved, but this has been a rental for 8 years so that won't be a problem. Legally is there anything I need to think about? Also, do you typically give family and friends a discount when selling their home? How do you handle that? Any other advice for starting this journey would be greatly appreciated.