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Updated about 12 years ago,
Clueless Newbie from Seattle, Washington
Hey, My name is Jason Lam, and I literally just out of the blue decided to take an online course in fundamentals of real estate. I am clueless about real estate and hope I can get some of these questions answered. My biggest question is, after taking the courses, getting my licenses, How does one get the money to start acquiring properties to start a career as a realtor. Also how do you make a living when you first start out after getting the first property.
I was watching youtube videos when one of the goals that were presented to me was
- Obtain 6 properties, and have the tenants pay off the mortgages for you.
Is this what all realtors do or are their hidden cost to doing that?
What he says to do is, get a home and mortgage it for 20 years, and have the tenants pay off the mortgage for you. pretty straightfoward but I cant help that he left something crucial out.