Here I am...

[Cameron Michael]

I decided my first step in getting into real estate investing would be to get my salespersons license. I have had it for a month or so and now and have my first listing. This is the vehicle I have chosen to make money for my own investing. I already have a rental property but it was an inheritance property that I turned into a rental. My plan is to leverage that property for my next one. I am going to buckle down and work on this sale to educate myself first because the client wants to buy a house after the sale as well. When these transactions are done and over I plan to make my move to acquire money from my current rental and jump at my first purchase in the work of investing. I am keeping my full time job in the mean time. Thanks for reading and tips are more than welcome! Thank you, Cameron Lee Michael #02014205 Real Estate Salesperson

[Michael Lee]

 Hello and welcome to this website!  Getting a salesperson a license will help you learn about real estate and  rental units are good investments long term.  From what all I have read for a little over a year on this website I have heard both pros and cons to having a license in real estate and investing with it.  I hope your broker is flexible with your desires.  It can provide you with part time working with a salesperson license.

Keeping your job will help with loans that are FHA guidelines based. Just make sure you remember to do a math analysis and try to look at all prospective properties before you make an offer on it or at least have a clause in the sales contract that will allow you the time (usually 10 days) to make a detailed inspection and possibly back out of the deal without a penalty that will hurt you too much.

Do what is average in the neighberhood. Being in the middle with SF on price should help you. Another plus would be if that neighberhood appearance looked well. There are a few things you should consider before starting to invest on any more. It might be an important thing to do, depending your personal net worth, is forming some type of corporation or a LLC to protect you personally against any law suit. You might need advice from a lawyer and/or a CPA (or a tax accountant) once you have selected a niche to see what is best for you.

By the way, I held a broker license active for about 30 years but never did that full time.  I have been in the construction business since I was 17 including those college years.  I was born and raised in Dallas Texas and I live in Dallas County.  Another thing you need to consider is having a primary Team and they need to be local and experienced at what you decide to do.  This is getting pretty long so I will shut it brown for now.  Mistakes are a normal thing.  Just learn from them and try to not do it again.

Good luck to you!