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Updated about 10 years ago on . Most recent reply

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27
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0
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Christopher Gray
  • Real Estate Investor
  • Prince Georges, MD
0
Votes |
27
Posts

Introduction, plausible situation for investing?

Christopher Gray
  • Real Estate Investor
  • Prince Georges, MD
Posted

Whadup Bigger Pockets!

My name is Chris and I literally joined the forum a day ago. I've been diggin through the the different threads and I think a resource such as bigger pockets is a great way to connect other link mined people. 

My question is: where would I start? I have no prior real estate knowledge or know-how so would obtaining my real estate license the way to begin?

My situation:

I am currently a college student in my junior year, working part time at a local dry cleaners( I've been working there for 4+ years) and I've had the urge to do something "big" for the past 24 months.

I hate my job because I'm tired of working for someone else, making them money and putting my effort towards a cause that is not my own.

Im looking into real estate investment not as a get rich quick scheme but as a life long career and a very profitable investment over time. I am hard working and very dedicated with a burning entrepreneur spirit. 

Note: I have developed simple cash flows from snow removal and leaf removal, Im on track to  launching a lawn service during the summer. 

I'm open to all opinion and criticism, negative feedback and constructive. 

By the way I'm 20 years old. 

Thanks for your input!! 

Most Popular Reply

User Stats

171
Posts
116
Votes
Nicholas Miller
  • Residential Real Estate Broker
  • Fort Wayne, IN
116
Votes |
171
Posts
Nicholas Miller
  • Residential Real Estate Broker
  • Fort Wayne, IN
Replied

I don't know where you are from however in Indiana the real estate licensing process does not really teach anything about real estate. Meets and bounds, protected classes, agency, took up most of the class time however contract law, evaluating deals, how to use the MLS online resources was never really covered.

Being a real estate agent is an asset however MLS fees, desk fees, license fees all add up and if you just want the license to understand how to be a landlord or do a wholesale deal... You will be putting a lot of time and money into the wrong thing.

If you want to be an investor start as a wholesaler then do a few flips then buy and hold.

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