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Updated over 6 years ago on . Most recent reply

User Stats

29
Posts
12
Votes
Chris Lucero
  • Rental Property Investor
  • New Mexico
12
Votes |
29
Posts

I think there is an opportunity, what would you do.

Chris Lucero
  • Rental Property Investor
  • New Mexico
Posted

I have been renting SFHs for about 18 years, I have 3 and I help my aunt with hers.  I am comfortable with managing the rentals, collecting, evicting, repairs, etc...  my 3 units are paid off and and I have a mortgage on the house I live in.  I have no debt except for my mortgage and 3 kids (LOL).  I live in a small ruralish area about 50k people.  I make a little on my rentals and have a career type gig in IT that pays decent.  I really like my job but am not always fulfilled but my time off is amazing and health insurance is nice.  I just started the process to get loan on a new house and my current primary will become another rental.  I am toying with the idea of trying to get into a real estate office as a realtor in order to increase my knowledge of how things work so I can pursue my goal of having 40 units.   Is there something I could be overlooking as far as "jobs" or careers that would lend to increasing my knowledge in this field while I  work to earn cash and learn while preparing to launch off on my own?

Any questions or comments are welcome and appreciated.  

Most Popular Reply

User Stats

68
Posts
47
Votes
Brian Pawl
  • Investor
  • Chicago, IL
47
Votes |
68
Posts
Brian Pawl
  • Investor
  • Chicago, IL
Replied

Agreed with @Vick Galu. That was actually what I did to get started. My job was in the financial markets, and I got my real estate license on the side to learn the business. I then switched jobs to a property management company as an asset manager for about 3,000 units where I learned A TON! Finally, I felt comfortable starting to do my own flips and buy rental properties, and now I'm doing all of the above plus helping others realize their dreams as well. I couldn't be more happy in my career and have not looked back for a second after leaving the financial services industry.

Best of luck to you!

Brian

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