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Updated over 9 years ago,
To be or not to be (an agent). That is the question...
Hello everyone!
My short term goal is to house hack a duplex, 3plex. Long term would be to get into apartments and then sometime before death to open a hotel/resort...lol
BUT i am just starting and im already at a crossroads and i am looking for your advice and input as i feel it could dictate my future path.
OPTION 1: I currently have a w2 job for a new home builder so getting a RE license is considered a no-no or i would just do that. The drawback to this is that i am in a sub-par location and my future is not "secure". I have talked to a few lenders and with my current job i should make quite a bit more than a new REagent. I will be able to qualify for a normal loan and get into my first property almost immediately. My plan would be to stay on this path until i have the passive income to cover expenses then get my license.
OPTION 2: Get my license immediately and forgo being able to get an investment property through conventional means for at least 2 years. As well as the loss of income compared to my "safe" job. The reason i am considering this is because the market in DFW is on fire right now and i think it would be a pretty painless entry. I am already selling homes and i know i enjoy the work.
What do you think?