Updated over 11 years ago on . Most recent reply
Plan for Starting Out...advice appreciated!
I've read the Ultimate Beginner's Guide several times, listened to several podcasts (and plan to keep listening to them), and have run over this broad strategy several times. Let me know how it looks, advice, whatever!
My plan is to become a real estate agent and learn a lot of the business and networking through that avenue. Ideally I will have 6 months expenses saved before making that move. I plan to use that to my advantage as an investor with access to the MLS, properties, etc. Eventually as I get a good foundation as an agent I would like to flip homes for cash and use that to invest in SFR properties. My ultimate goal is to build a strong base with SFR's and use flips to provide extra cash. Long term thinking I would keep my license just to maintain access to the MLS, etc.
I want to become an agent because it would allow me time to dive into the industry and learn while still holding a job. My current job has me commuting and in the office up to 14 hrs/day. Being a local agent would allow me to have more time to learn, grow, and work on future deals.
Does that sound realistic? I'm in the Cheyenne/Northern Colorado region and I know it's pretty expensive out here. Any thoughts or words of wisdom?