All Forum Posts by: Account Closed

@Alex Young

Once you have a license it's your choice what kind of firm you go with. The benefit of going with a larger firm is you don't really have to spend ANY money on marketing. There are fees but they're minimal. The downside is you're splitting your commission with the brokerage. But your hands aren't tied you can choose to switch brokerages at any time.

If you become a qualifying broker and have associate brokers working under you, that's a whole different game with a different set of responsibilities.

Your story resonates with me because I'm the same age as you and I've had my share of financial problems.. Higher education left me disillusioned and in debt. Getting my RE license is the last thing I ever saw myself doing, but I'm using it as a stepping stone to investing. It might not be the perfect job but it beats waiting tables or hauling rocks.

@Joseph M. upfront costs are about $3,000, only $1,000 for the classes and you can work while taking them online. There are continuing costs but if you go with a more corporate brokerage with lower commission splits, they will train you and do most of the marketing for you.

It's not for everyone but it's definitely not impossible, even in the OP's situation.

@Alex Young could you get your RE license? I understand not wanting to participate in the rat race, but selling RE is a job where you're essentially your own boss. It might not be a dream career but it could get you where you want to be if you're serious about investing.

In the meantime consider getting a restaurant job.. and I don't mean at McDonald's, you live in CA so I'm willing to bet there are places nearby you could make really decent tips as a server. Contrary to the general perception of this industry I've actually met many intelligent, educated people  who choose to make their living this way. 

In terms of interpersonal business skills (communicating, conflict resolution, putting yourself outside your comfort zone) I've learned waaay more from serving than I would have in an office setting. So if the money is right and you know it's only temporary, does it really matter if you feel a sense of purpose? 

Hello, I'm 26 and getting my real estate license in New Mexico. After drifting around for most of my 20s, everything seems to have led me to this point and I'm ready to do whatever it takes to make this a profitable career path.

I still have a lot to learn but I also want to start investing as soon as possible. Flipping houses really appeals to me although I know getting the initial experience and funding will be difficult.

Hoping I can share my journey in this forum and learn from others experiences!