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Updated about 9 years ago on . Most recent reply

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Jacob Corken
  • Shirley, NY
0
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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
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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.

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