All Forum Posts by: NA Col

Also, I'm with KW and they're awesome! So many great courses and a really great community! :) they also do an awesome profit sharing option where if someone else signs up under KW and you were the reason they did and they write your name down you'll get 1% of their sales profit as passive income and it doesn't come out of their pocket it comes out of KW's. 

It really depends how you plan to make your business as an agent- if you're going to be your own independent agent or if you're planning to work under a heavy hitter who will be paying for all the lead generation and essentially handing you business however, you'll be getting a smaller cut but with less overhead. I did this starting out and made about 30k my first year, it was nice because it allowed me to learn the business quickly, without the risk of overhead and have commissions coming in quicker than if I was doing my own lead generation. 

My husband and I are a bit of newbies here and have a unique situation. I bought a property cash when I inherited some assets at 19 years old. I've had it for a few years and it's appreciated quite well however, due to some family circumstances I cannot sell it. I'm looking to tap into the unused cash- either by a HELOC or cash out refi and I'll likely have around 230k to use from the property if I decide to go that route and my husband and I are selling our home in the next year or so and will likely make about 75k on it. We really want to focus on passive income and find a way to eventually (hopefully sooner rather than later) ditch our day jobs and really focus on real estate (specifically in AZ). We just have no idea what the most efficient way to use the cash and assets we have will be and are a little confused as to how people can qualify for multiple loans or refinances since we don't have a massive income stream and are stuck with some student loans. The thought of pulling out more loans makes us a little nervous and we don't want to stretch ourselves too thin too quickly. We feel strongly about pursuing this route however, I think the numbers/risk/options of all of it makes our heads spin if we think about it too much. I'd love some opinions from more seasoned experts- what would you do if you were 23, with the situation we have?

Thank you!