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Updated over 11 years ago, 08/28/2013
Kansas City Agents
Hi there! I am pretty new to investing and RE in general...over the past couple of months, I have debated how to go about my REI/career. I've found living in a cubicle is not the answer...you don't get to reap the rewards or working hard. So, that leaves me with investing or getting into real estate somehow. I just started my professional career, so I basically have no capital; nor do I know much about the industry yet.
I have considered getting a job somewhere, and have contacted a couple of "mentors" to see what we could arrange. Sent resume to one and explained my interests/what I could do (never heard back) and another was just an agent looking for ppl with capital. I've searched for jobs related to the industry, but outside of being an experienced appraiser or mortgage lender, there's not much. This leads me to becoming an agent.
I've learned I don't want to waste time waiting on someone else. This is a major reason why I've thought about becoming an agent. Also, this would put more of my focus on RE, as I would be required to engage in the learning on a more consistent basis to get the test done. Then, I get to do my favorite thing, and that's work/build something for myself.
On the downside, I am not sure if it is something I want to pursue since a) it will take awhile to make money (which isn't bad but means I will have to have a full time job diverting my full efforts most of the time) b) fees will be eating me up while I am not able to give 100% focus c) is it even feasible to do in this area?
I see several houses listed on every street I drive on, and think there is a huge supply of houses to sell. I am not sure of the demand because I haven't been here that long. Also, I am not expecting studying to become an agent to lead me to becoming an awesome investor. This is just to earn some eventual side income/become my full time job to fill the void while I invest on the side. I can search for all of my comps at 4am if I want to, and keep commissions on my deals. It seems like this opens up several more opportunities for income...but is it really necessary/feasible in this market?
Looking for any experienced agents/investors in the KC area to reply! Thanks, and sorry so long!