New Career Path in Real Estate

[Tony Delgado]

Hi BP Community!

After reading “Set for Life” & the “Cash Flow Quadrant”,  I’ve cone to the conclusion that my current job has me TRAPPED!

I’m only in town 8 days a MONTH with my current job & would love to change this.

Does anyone have any advice on how best to get a job in Real Estate with the intention of gaining knowledge & experience.

Any & all suggestions would be most appreciated, THANK YOU!

[Matthew McNeil]

@Tony Delgado :

You wrote that you intend to "house hack" as your first deal. You might want to read “Why You Shouldn’t House Hack to Get Started in Real Estate” by Engelo Rumora https://www.biggerpockets.com/renewsblog/dont-house-hack/, but more importantly read the counter-comments that follow, which provide an education in themselves. There are some pretty strongly worded opposing views in that thread.

Also, I’d invite you to let the BP family walk you through your plans as they evolve. Based on your “house hack” comment, it appears that you want to get into investing or do you want to get into the realty side? If its investing, you might consider sharing how much you plan to invest and what options you’re considering, then let people guide you with advice as your plans unfold.  

I've been investing in SFHs in the Boise/Meridian area for the past 10 years. I consider myself a successful SFH investor, but I'll be honest in crediting two things to my success; 1) Kiyosaki's books Rich Dad Poor Dad (and Cash Flow Quadrant) and 2) my real estate agent who has repeatedly been recognized and awarded as one of the top selling agents in the valley (for his company). He has always given me 200% and treats me as if I’m his only client.  And, most importantly, because I’m an OOS investor he always offers to solve problems for me. I have learned so much from him, primarily because he also invests in SFHs personally and understands it from the investors perspective. The last SFH house I bought 8 months ago was sight unseen. My agent took care of everything for me and I never stepped foot in Idaho. If it’s the selling of real estate that you’re interested in pursuing I’d search out successful agents and offer to buy them lunch and ask sincerely if you can learn from them.  If they see that you’re sincere and if you present yourself in integrity they’re apt to be willing to teach you.

Hope that helps!