All Forum Posts by: Rob Lee

Hi @Julian 

I want you to succeed so I’m going to give it to you straight. My son just graduated college last year and he was in college at Texas State and had a part-time job. He was maxed out! He is an extremely bright kid but we saw his straight A’s slipping once he started his part-time job. (which we didn’t think he needed btw) He eventually pulled it together.

I think you should go to college and be a realtor part-time ONLY if this is possible. If it is not, go to college and work part-time if you need money. Become a realtor as soon as you free some time and are able to do it part-time comfortably.

Keep in mind also you will still have to pay fees monthly such as monthly dues to your broker, quarterly to the county, MLS fees, etc. Approx $250 a month in total. You will still learn the business earlier than most and when you become a multimillion-dollar realtor early, and all of this college and working regular job stuff will be a thing of the past!

Btw, you DON’T have to be a realtor to be an investor. My oldest kid is now working and following in my footsteps but without being a realtor. He is making great money and is buying his first house hack soon and will continue to use his income to buy more to build his mini-empire of real estate for cash flow to become financially independent and quit by the time he is 40 he says!  Good Luck!

@Julian Montesundefined

WOW! Congrats @Tyler Caglia You are going to be a rich man one day! Awesome work on the detail of this post too! Good luck!

I need every bit of cashflow I can get! At this point, I'm taking every opportunity to get it too especially at a lower interest rate! Depends on your situation. I work for myself, so I would definitely take it!

Hi Sabina! Nice to meet you virtually. Both McKinney and Prosper are great areas. Can I ask you a few questions? What is your buying criteria? How did you decide on those two? Have you visited the area recently? Do you have boots on the ground? It would help to understand your process.

Unfortunately, that looks about right to me Veda. They are high here!

Welcome @Francisco Ruiz 

You are in the right place, sir! If you have any questions, I'm an investor and realtor in the area! 

@Jaysen Medhurst Excellent! Great point!

@Jaysen Medhurst I appreciate the response! These give me something to think about! Not sure sure how financing would work now that we both left our "stable" jobs and are entrepreneurs. We have been talking about moving out of the burbs into a walkable neighborhood but we don't want our money situation to change unless there is more cashflow!

Here is the scenario:

• You are in your 40s and married
• You worked relentlessly for 9 years and you are now debt-free! (no consumer debt)
• Your mortgage is paid off (appx 380k)
• You guys are empty nesters
• You have invested in residential real estate with positive cashflow, but nothing to write home about! (about 8 doors, but there are mortgages)
• You left corporate to be an entrepreneur so money fluctuates right now
• You have about 85k on the sideline in liquid for an investment opportunity

What you do next in the current real estate market if anything? You need more cashflow! Asking for a friend! 😝

Don't over-leverage yourself. If you already have an emergency fund consider investing the funds in the stock market until you have enough to make the down payment.