Update on my Path in RE

[Daniel Trang]

Hi BP fams (millennial lingo is a real thing),

So about a week ago I made my first Newcomer's post on BP and received a great welcoming. Thank you. In those comments, @Jay Hinrichs mentioned that a good start being completely new to the scene of RE was to begin learning the laws and such of RE. So the first thing I did was sign up for a pre-licensed broker course which consists of 150 hrs of study over 7 different courses. I'm about 5hrs in and it's pretty dry.

Not trying to complain, but I'm looking for ways to supplement this stage of learning. Maybe apply what I learn directly to case-studying what other BP buyers/sellers are doing? Doing real market research and running hypothetical purchases? (Honestly I don't know what I'm talking about just throwing out RE jargon lol)

In between studying for college, working a part-time job, struggling to pay rent, and studying RE, I've been crawling around BP and just reading forum posts cause it's more interesting reading about other people's problems (I promise I'm not sadistic...) 

Bottom line... I identified that I definitely have a drive and a purpose for wanting to go into RE, but I'm looking for various ways to supplement my learning so that I don't run dry on the theory. I'm looking for ways to visualize more so the practicality and uses of what I'm learning. I think this will also translate into passing the Exam when that time comes. Hope I make sense.

Thanks,

Daniel

[Colt Clark]

I would recommend downloading a free spreadsheet depending on whether your wanting to rent, flip etc. start searching zillow and other places where you can find what you might be looking for and start plugging in numbers. This has helped me learn how to analyze deals and has given me a realistic example of what I should be doing to achieve the property and cash flow or profit I'd be looking for. Bp has mortgage calculators and a bunch of other helpful info as well