All Forum Posts by: Gabe Staats

You'll pay capital gains tax on it if you don't do a tax-deffered exchange to a property of greater value

Hey everyone!  I'm getting ready to jump into real estate investing this summer and wanted to get some insight from people who are familiar with the Columbus, OH or Cleveland, OH markets.  I'm currently a sophomore in college at Ohio State studying structural engineering while doing some brokerage on the side with Crawford Hoying and I'd like to get a duplex to rent out this summer to get some passive income going.  Anyone know any areas that seem to be on an upswing like the short north and German Village were a few years back?  Obviously I'm not betting on appreciation necessarily because you never know what's going to happen but would preferably like to buy a place that has a good chance of going up in value over the next few years.

Thanks for responses!

I appreciate all of the responses! I will definitely look into Keller Williams because the training is definitely what I'm looking for more than anything. I'm definitely willing to put in the time so I will also try contacting local brokers to see if I can help out.

Hello,

I was wondering if anyone has an opinion on which real estate company would be good for a starting real estate agent. I'm looking for a broker that requires minimal startup fees and monthly payments with as much support as possible (I am a college student and don't have a lot of money to spare on these fees starting up). My ultimate goal is to invest in real estate but I see buying and selling as a good way to learn the industry and build a bit of startup capital for future investments.

Thanks for any answers!

I appreciate the answers! I have definitely considered trying to get a job working for a real estate company in some smaller, less time-consuming role. Overall, I'm looking at getting a real estate license as a way to help build up some startup capital before I graduate. Of course, an engineering job could be a way to do that later down the road if the real estate license doesn't work out. It's encouraging to see that you don't think it's outside the realm of possibilities though!

I was wondering how time consuming it would be to get a decent amount of business as a real estate agent after getting a license. I am an engineering student going into my second year, which can be time consuming at times, and am wondering how difficult it would be to balance a real estate company with my courses. I ultimately want to get into real estate investing and want to gains some experience in the industry before I begin looking for deals. So basically, how much time should I plan on spending on the marketing/networking/online advertising in order to have a decent amount of business coming in?

Thanks for the help!