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Updated over 8 years ago,
Punching bag
Long term goal: own positive cashflow rental property in southern California (I'm aware cashflow in CA is low compared to other markets).
Short term goal: earn and learn what it takes to own positive cashflow rental property.
Strategy: Get Real Estate License (3 months to gain credibility), then apply to job postings as leasing agent, title company, property management or any real estate related activity that earns me $3,000/mo gross income for living expenses.
Question: Is this a good strategy? Would you choose this path if you had to start over?
My why: I want my own house. I'm living like a gypsy and it sucks. I believe the sellers market is shifting to a buyers market in the next one or two years. Before that happens I want to be knowledgeable and financialy capable to scoop up my first deal.
About me: Male, 42, no kids, CA native, no college degree, shaky job, looking to leave the rat race and control my destiny. Former HOA president of 8 years, in average physical shape.
The punching bag is set start swinging, thanks.