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Updated almost 6 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Jared Palacios
  • Rental Property Investor
  • Rancho Cordova, CA
2
Votes |
9
Posts

I want to be able to generate 50k annually in Passive real estate

Jared Palacios
  • Rental Property Investor
  • Rancho Cordova, CA
Posted

How many times would you say you find yourself wandering through listing after listing Searching areas, criteria, rental income, number crunching? Me - Seems to be all day. I just keep stalling my own progress by being scared to jump back in. I have taken to Nevada real estate license exams more then I’d like to admit and have passed the state my never the national. I currently live in California now and want to be in real estate more then anything, but I feel I do not need to go after a RE License but more over bring value by driving for doors, and using my resourcefulness rather then resources. I want and need a mentor/ leader to get me to that next step. I can sell, I feel I can connect with anyone and find common ground and empathy towards people.  Have you ever felt that way? I am just looking to serve and know it will come full circle. My question to all BP is where do I start to look for a Mentor? Do I just research every Brokerage in my area and find out which RE Agent or Broker owns the most RE investments and beg to be his slave and provide value in any way possible for them so I might gain more knowledge and wisdom? Do I go after being a REA? What is your advice, Experience?

Most Popular Reply

User Stats

1,240
Posts
3,065
Votes
Terrell Garren
  • Rental Property Investor
  • Concord, NC
3,065
Votes |
1,240
Posts
Terrell Garren
  • Rental Property Investor
  • Concord, NC
Replied

My path (not necessarily the right path) - I didn't do meet ups, seminars, mentors or RE investment books. I bought a SFH foreclosure for $70K in 2008. Did all the work my self - cleaning, floors, paint, fixtures, toilets, used appliances off CL, landscaping, advertise, applications, lease agreement, PM. I did do a good bit of googling & youtube learning - both trades and PM. It took me 8 months of part time labor and probably $2K in stupid mistakes, but it was the best education I could ask for. It's been rented to the same family for 11 years, no late rent, maybe 7 or eight service calls. I guess what I'm saying is - 'just do it' is the best education.

Disclaimer - I started in 2008 when it was next to impossible to screw up.

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