Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
Jacob Corken
  • Shirley, NY
0
Votes |
1
Posts

Should I pay $500 for a real estate license class?

Jacob Corken
  • Shirley, NY
Posted

Hello I'm a male 19 years old. Long story short I dropped my college classes due to lack of funds and lack of motivation. I have $700 to my name and growing (I'm a freelance software developer). From create computer software i make about 100-200 a week. 

I'm wondering if i should bother spending $500 for a real estate class that will present me with a license if i pass the test. I'm interested in furthering my knowledge on various topics and i would like to have a piece of paper to show off my license.

However I'm not white and not black either however most see me as mexican/asian/or black. I'm paranoid that buyers may not want to do deals with me because I'm not white. I'm afraid that spending $500 to get my license will be a waste of money because no one would make a deal with me. I also fear about looking professional in a suit and tie considering I'm not white like most business people.

I want to have a lavish lifestyle and be financially independent by at least age 24. I currently live with my parents and I'm almost 20.

I'm asking for anyone to give me some feedback/advice on what i should do. Not that i depend on your recommendation but because I'm trying to be open minded with everything.

Most Popular Reply

Account Closed
  • Real Estate Professional
  • Dayton, OH
187
Votes |
423
Posts
Account Closed
  • Real Estate Professional
  • Dayton, OH
Replied

The main thing a real estate license does for you is give you the right to represent someone other than yourself in a real estate transaction.  It's not going to instantly put money in your pocket once you get.

I have operated a robust wholesaling business for years.  I rarely wear a suit and tie.  Moreover, I have a number of Hispanic clients who have bought multiple properties from me and send their friends once they have. 

Knowing whom to trust in this business is a challenge for Hispanics in this country, especially in our part of the world.  A lot of people are out there to take advantage of them.  

From what you wrote, you seem to have a natural in.  View your background as an asset not a handicap, because I can assure you, it is an asset.

Loading replies...