All Forum Posts by: Chris Lynch

@Pete Schwan 

That is great, how long did it take you to start making income from rentals from your start date, and do you feel it is likely to make more then I am making now (33K) first year?

@Account Closed 

Yes I am certain. I spoke to the VP about it.  

@James Wise 

My job will not allow me to do Real estate. I am a personal banker and it is considered a conflict of interest.  With that said my income is to small to scale my investments ( 33K )  plans so I need to find something more lucrative to do. 

@David Hunter 

That is the scary fact that is bothering me about making this transition. 

@Jon Deavers 

What would be the best way to find a team to join?

I currently work at a bank. I am in the process of getting my RE license. Being a full time bank employee does not allow  you to hold a RE license, so I will be leaving to do what I really want to do ( Real estate) . My goal is to get into Real estate as an agent first, learn and good money through hustle/ long hours. Then I can invest into my own personal investment property's that produce cashflow. 

With that said I know it can be a bumpy road when just starting out as it is only commission. My question is, do you know of any ways to make money in real estate while waiting for listing's to pick up?

Leaving is going to completly cut off my income. I have saved funds to make the switch. But I do not want to blow through them trying to get off the ground if possible. I know this is very similar to starting your own business and some fail.

I have heard of property management and doing rentals for income as an agent but I would like to learn more.  If you have experience I would really like to hear your advice. 

@Curt Smith 

Thanks for the response.

I have read into mobile homes in existing parks but I am really looking to build long term cash flowing assets. Being in a park can put alot of regulation on what you do. You also do not own any land which I see as a problem.

I will also look into the dodd frank financing as I have never heard of it before. 

@John Fedro 

Thanks for the response. 

I am looking for investments that have a lower barrier to entry and Cash flow nicely. I like the idea of flipping but that isn't a passive investment. I like the idea of money coming in every month. My goal is to create multiple streams of income.  

I have also looking into multifamily homes but seeing as I only have 12k as of right now I figured mobile homes would be a nice way to start building up cash flowing assets. 

I am really looking forward to hearing any other advice or recommendations 

I have been doing some research and I have been looking into mobile home investing as a low barrier to entry. Giving me a chance to buy an asset that cashflows.

After some research I have thought about this: Buying a mobile home with land. Then listing the mobile home without the land  for sale. Once I get a buyer they will pay me a fee every month for the land they have the mobile home on. Am I missing something, this sounds to good to be true. Cash-flow without repair expenses?

I would love to hear feedback and ideas.

http://www.businessinsider.com/cheap-detroit-homes...

Came across this article. Curious to get investors feedback about this topic.

@Account Closed 

Thanks for the response. I would love to hear more about how you are investing in out of state property. Wouldn't management become an issue? 

 Lol any takers?