First time buyer & considering changing my profession

[Brennan Hale]

Hi I’m in the okc area, 19 years old making about 60k-70k a year but with a lot of overtime. I’ve been studying real estate and real estate investing for a little over a year now and I’m considering buying my first property maybe by the end of the year. I also want to change my profession into being a realtor. I work 60-70 hours a week, I’m very driven and not afraid of hard work. Would this be a good idea and should I put off buying a home or buy a home and start the licensing process then?

ps I’m in the oil and gas industry 

[Wesley Mullen]

@Brennan Hale

I'm a newbie too in that we just purchased our first property in Norman in February. I partnered with my brother and used traditional financing, so it helped being able to split the down payment. We also had an uncle who has been doing real estate help us along with the process. Since you're making decent money, I would recommend beginning to save up for a down payment unless you plan to pursue other creative financing options. I would also begin to let others in your circle know what your intentions are. MLS deals are hard to find. We came across ours by talking about our intentions with a friend from the gym. You're more likely to find a deal within your inner circle or someone they know. Also, I would recommend figuring out what your niche is. Ours is Buy and Hold. Perhaps you would like Flipping better or Wholesaling. Dependent on your niche, becoming an agent may or may not be the best choice for the long term. Wish you the best of luck! Also highly recommend the BP Podcasts of you haven't been listening- they are gold.