All Forum Posts by: James Rutherford, iii

Hey all,

Currently on Pace to become a Real Estate Agent by the end of next month. 

I've seen multiple posts and had multiple people tell me that their will be some issues when trying to become a real estate investor with a full time job as an agent. 

Can anybody with the knowledge or prior experience mention the issues that I will face? Are these issues navigable? Am I making a mistake? 

Very uninformed on the topic and I would love the input of the experienced professionals in this field. Thank you for your time

- James 

Hey all,

I thank everybody who responded to my last post and was able to give me professional input.

I mentioned in my last post that I had read the book "rich dad poor dad" and that it had changed my life on view on money and finances.

I want to chase that knowledge and have looked at a bunch of other books to read but don't know where to start. I also know that the order in which you read them is also important as you can have all of the information, just not know where to implement it.

I would highly appreciate if anybody else that has done a lot of reading could compile a short list of some books that have impacted them heavily and if so, what the best order to read them in is. 

Respectfully,

James

Hey all,

Looking for some advice on where to start my journey.

Backstory:

I am 21 years old and just beginning to find my way. After working a grueling job with EMS for the last 2 years, working 24 and 48 hour shifts with little to no sleep, only to bring in the average salary, I knew I needed change. About 2 months ago I started to become interested in real estate. I began taking my pre-licensing course in the beginning of June to become an agent and quickly fell in love with every aspect of it. Selling, Buying, Flipping, and Investing. I am now on course to become an agent within the next month and feel as though I finally found something I am truly passionate about. I recently purchased and read the book "Rich Dad Poor Dad" and it completely changed my mentality on not only my finances, but life itself. I come from a lower-middle class family whom I love dearly, but with that being said, I have had to turn to books and youtube for advice on Finances and Real Estate. I am the most driven and ambitious I have ever been in my life. I see the pieces of the puzzle laid out in front of me, I am just struggling to put them together.

I have an idea of what I want to do. I see the finish line (financial freedom) and parts of the race track (steps to get there) , just having a difficult time putting the all of the pieces together. I know this is a hard and addictive industry to get into, but I am ready for all of the trials and hardships to come. I know there is countless amounts of knowledge to be gained and I can learn 100 new things everyday for the rest of my life and still not know the half of it.

I have a current idea on the path I want to take to financial freedom, but being a beginner and with no experience in the industry, that is very much subject to change and I am craving feedback and guidance.

My current plan (listing it out so it's easier to follow)

1. Finish my Pre Licensing Course and become an Active Agent

2. Learn the Market to the best of my ability while working as an agent

3. Supplement or Increase my current income with my Real Estate Agent Job Alone

4. Scale my business and begin paying off current my current liabilities (Truck Payment Alone is killing me financially)

5. Create a strict Budget and raise money for a 20% as quickly as possible for a down payment on my first investment property

6. Fix and Flip Investment Property within 6 months while continuing to work as an Agent

7. Repeat steps 5 and 6 multiple times to get a good understanding of how to fix and flip

8. Create Investment LLC for fixing and flipping properties

9. Begin Putting Profits of Fix and Flips into more investment Properties

10. Begin Investing using the Brrrr Method to create monthly Cash Flow

11. Continue Scaling using the Brrr Method and Fix and Flips

12. Become Financially Free

I want the experienced people in this industry to pick apart my plan and tell me if there are any flaws in my logic, and if so, help me to understand a faster or better path to become like the rest of you. I will continue posting on this Forum, talking about my journey and surrounding myself with like-minded individuals such as yourselves. Thank you for your time in reading my first post, I truly hope you will take the time to provide honest and harsh feedback as I thrive on constructive criticism.

Respectfully,

An Ambitious kid

Hey all,

Looking for some advice on where to start my journey. 

Backstory: 

I am 21 years old and just beginning to find my way. After working a grueling job with EMS for the last 2 years, working 24 and 48 hour shifts with little to no sleep, only to bring in the average salary, I knew I needed change. About 2 months ago I started to become interested in real estate. I began taking my pre-licensing course in the beginning of June to become an agent and quickly fell in love with every aspect of it. Selling, Buying, Flipping, and Investing. I am now on course to become an agent within the next month and feel as though I finally found something I am truly passionate about. I recently purchased and read the book "Rich Dad Poor Dad" and it completely changed my mentality on not only my finances, but life itself. I come from a lower-middle class family whom I love dearly, but with that being said, I have had to turn to books and youtube for advice on Finances and Real Estate. I am the most driven and ambitious I have ever been in my life. I see the pieces of the puzzle laid out in front of me, I am just struggling to put them together.  

I have an idea of what I want to do. I see the finish line (financial freedom) and parts of the race track (steps to get there) , just having a difficult time putting the all of the pieces together. I know this is a hard and addictive industry to get into, but I am ready for all of the trials and hardships to come. I know there is countless amounts of knowledge to be gained and I can learn 100 new things everyday for the rest of my life and still not know the half of it. 

I have a current idea on the path I want to take to financial freedom, but being a beginner and with no experience in the industry, that is very much subject to change and I am craving feedback and guidance.

My current plan (listing it out so it's easier to follow)

1. Finish my Pre Licensing Course and become an Active Agent

2. Learn the Market to the best of my ability while working as an agent

3. Supplement or Increase my current income with my Real Estate Agent Job Alone 

4. Scale my business and begin paying off current my current liabilities (Truck Payment Alone is killing me financially)

5. Create a strict Budget and raise money for a 20% as quickly as possible for a down payment on my first investment property

6. Fix and Flip Investment Property within 6 months while continuing to work as an Agent

7. Repeat steps 5 and 6 multiple times to get a good understanding of how to fix and flip 

8. Create Investment LLC for fixing and flipping properties

9. Begin Putting Profits of Fix and Flips into more investment Properties 

10. Begin Investing using the Brrrr Method to create monthly Cash Flow 

11. Continue Scaling using the Brrr Method and Fix and Flips

12. Become Financially Free

I want the experienced people in this industry to pick apart my plan and tell me if there are any flaws in my logic, and if so, help me to understand a faster or better path to become like the rest of you. I will continue posting on this Forum, talking about my journey and surrounding myself with like-minded individuals such as yourselves. Thank you for your time in reading my first post, I truly hope you will take the time to provide honest and harsh feedback as I thrive on constructive criticism.

Respectfully, 

An Ambitious kid