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Updated over 4 years ago, 05/05/2020
Property Management Entrepreneur
Hey, once this quarantine is over, I'll have a few grand saved up, and I was planning on using it to buy a house hack property, but recently, I've been thinking of starting a Property Management Company. I think it'd be a good way to build relationships with investors and contractors while making money, so that maybe I could use those connections for flipping/wholesaling and whatever other RE investing that crosses my path. I'm located in New Jersey, and you need a broker license to have a property management company, and I don't have any type of real estate license but I looked it up and I think it's possible to get my RE license and work under a broker and use their license. So I have 2 questions:
1. What do you guys think of starting a property management company? Is there a better way to build up capital, while building relationships with contractors, investors, agents, etc.?
2. Do you know of a way I could start a PM company without waiting 3 years for my broker's license in New Jersey?
Thanks for reading & thanks for the advice