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Updated over 8 years ago on . Most recent reply

User Stats

41
Posts
6
Votes
Gaston Barua
  • Investor
  • Palos Verdes Peninsula, CA
6
Votes |
41
Posts

Career change

Gaston Barua
  • Investor
  • Palos Verdes Peninsula, CA
Posted

Hello BP! 

I am in the process of investing in a rental property. However, I have realized that while i continue to work on becoming a full time investor I would like to immerse myself in the Real Estate world to absorb as much knowledge as possible. 

The problem is that I am unsure of what direction to go in. I currently work in Manufacturing/Operations for consumer products for a large corporation. That being said, I dont have experience currently in a real estate related field.  I was considering getting my property management cert. would any one recommend that? Also, if i do get it I hear property managers only make on average about 36k/yr!? Thats less than half of what I am currently making and LA is not a cheap place to live not to mention I would definitely not be able to Invest. 

Any direction would be highly appreciated! I am looking for something stable and salaried if possible as I know that will allow me to get loans a bit easier. 

Thanks a million! 

GB

Most Popular Reply

User Stats

1,639
Posts
955
Votes
Chris T.
  • Investor
  • Downers Grove, IL
955
Votes |
1,639
Posts
Chris T.
  • Investor
  • Downers Grove, IL
Replied

it depends on how aggressive you want to be, what area of real estate you want to be involved in and how much reserves do you have?

Some people have jumped right in. Sink or swim.

Whereas others, have learned on the side while working on a full time job. And eventually transition to full time when their investments generate enough cash flow.

Keep in mind, being a realtor is not easy. You're 100% on commissions, there is no guarantee you will be good at it, and most first time realtors fail.

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