Advice on Obtaining my License?

[LaToya Gibson]

My Dallas/Ft Worth agents, I am trying to get my real estate license so I can invest in properties but the tuition costs are way out of my budget. Are there any financial programs that helps you pay for your classes in possible payment plans? I applied for FAFSA to take the courses at Collins College but I want to get my license like yesterday. Any advice would be helpful. 

[Bryan L.]

@LaToya Gibson - You will have local Realtor association fees, Texas Association of Realtor fees, National Association of Realtor fees, state licensing fees, continuing education fees, errors and omissions insurance fees, MLS fees, lock-box fees and possibly others. I advise all of my students who plan to be investing in MLS deals to also become a Realtor, but none of this (investing, Realtor, or a combination) is any guarantee to a successful career and income, and certainly not any guarantee to any significant amount of quick income. If you have immediate, pressing financial needs, you probably need to get a job (or an additional job). Then, save up 4 or 5 thousand dollars for either marketing or Realtor costs, but keep the job(s) until you have built up a steady stream of deals in the pipe-line. Sorry, it probably won't happen quickly. The hard-hitting truth of the matter is that most new Realtors do not survive past a year or two, and most new investors never do a deal. You can do it, but it takes a lot of hard work. Not trying to scare you off from the career, just telling you like it is. Best wishes and much success to you.