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Updated about 8 years ago, 11/15/2016
Starting out with no funds. Should I become an Agent?
Hi everyone!
I'm looking to start investing ASAP, but I have absolutely no money. I work at starbucks, and have some money saved in 401k, but honestly it's not going to be enough. Have a car that's too old to drive for Uber, however I think i could get a deal on a newer car to start making money on the side to start saving up.
My question is this: Should I start trying my hand at becoming a real estate agent to bring in some initial funds? I don't think I want to be a full time agent for the rest of my life. I want to become a landlord with multiple rentals. What paths do I have available to start learning some aspects of investing while also making some side money to use for deals? I want to eventually phase myself out of being an agent and go full time landlording.
What are some downsides to becoming an agent while also trying to be an investor?