Real Estate near Springfield, MO

[Kraig Sumpter]

Hey everyone in the Springfield/ Waynesville, MO area!

I'm a college student and I just recently discovered the business potential of real estate and I've been so obsessed with learning about the industry I've been consuming video and audio content from youtube and podcasts NON-STOP for a 3 months.

I want to learn from hands-on experience instead of just videos and podcasts, but I'm not interested in becoming a real estate agent or broker.

If you were to start over and you had nothing, where would you start? Who would you connect with? How would you bring value to individuals in the market? Are you someone I could network with or work for?

I'd like to know the most direct way to get involved in the market.

Thanks in advance for the advice, and I hope I can network with some of you soon!

-KJS

[Erik W.]

@Kraig Sumpter & @Martin Tyler.  Hi gentlemen.  I'm based in Springfield MO as well.  LLing since 2005.

Your thoughts about hands-on learning are good.  LLing can be learned on the job, but there are a lot of mistakes to be made, and not everyone who reads a blog / watches a podcast is cut out for this.  If I were starting out again today, I'd try first figuring out what area I wanted to invest in: land lording, flipping, wholesaling, notes, etc.  Then figure out your target customer: Class A tenants, Class B....Class C.... lower?  Some people are easy to deal with: some are hard.  Some lie to your face and do not feel one ounce of guilt.  

Land lording is a PEOPLE business with houses as our INVENTORY.  Get the wrong customer (Tenant) and it won't matter how great a deal you got on the house itself.

Flipping and wholesaling are very labor intensive.  They are not "passive" income by any stretch.  Are you prepared to work 50-60 hours a week and make no money for 2-3 months....hoping at the end of all that to make a big catch, but no guarantee?

I don't want to discourage you, simply to open your eyes a bit.  Blogs and podcasts are all fine, but when the reality is lots of nights and weekends doing jobs that aren't much fun.  Few rise to high levels of success.  It can be lucrative if you're in it for the long-play.