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Updated over 8 years ago, 03/29/2016
Will this work? A creer path to owning cashflow property.
Im starting out on my path in Los Angeles, CA due to density and a predominant rental culture. I need INCOME, KNOWLEDGE and CREDIBILITY that only licensure can offer. I'm considering getting my Real Estate sales person license (credibility) as a requirement to getting my Certified Apartment Manager (CAM) License (income and knowledge). According to payscale.com apartment managers average $36k a year, this would provide me valuable knowledge and a steady income for a conventional loan on a 4 plex
Should I follow this career path?
About me:
I have seven years HOA president experience under my belt. It was a learning experience working with the management company, vendors, a budget, vandalism, property walk throughs, maintenance, getting estimates, getting my hands dirty cleaning up other peoples mess, all for FREE while paying my dues. At some point the inmates want to run the asylum and I sold. I have cash in hand (100k) and I'll want to own a cash flowing property within 3 years.