Student from Fort Collins, CO

[Will Ksander]

Hello everybody, I have been following BP for a little while now and have learned a lot. I am very determined to get involved in RE and I figured now is the time to make an account and start getting to know some people.

I am currently just starting graduate school at CSU in organic chemistry, but I am not sure if I am going to continue or not. I'm just not sure it is something that I want for a career.

I really like the idea of being my own boss and having my salary directly tied to the effort I put in. That is one of many reasons why I am drawn to REI. I have experience in other investing (stocks, options) and good financial knowledge but no business training. I want to do rehabs/flips and have rental properties for the long term. I have some capital right now, and have family that will lend me money (interest free) to get started. But the thought is quite intimidating that I could make a living from REI right away, with no other income.

I am strongly considering getting licensed and working as an agent for a little while to gain some practical knowledge of the market while doing some investing at the same time. Then eventually go full time to growing my business.

Does this sound like a decent idea? Pros/Cons to being an agent. Any general thoughts on starting out are welcome. Thanks, I look forward to connecting with some people in this area.

[Jerry W.]

@Will Ksander as just a brief reply it has to do with housing prices versus rent prices. If decent 1200 sq ft houses rent for $600 per month in 1 state and cost $100,000 you dont make a cash flow, if you can buy them for $50,000 you can make a tiny cash flow, If you can buy them for $30,000 you can make good cash flow. There are lots of variables like demand, housing inventory, but prices for houses is a huge factor. Colorado houses tend to be higher per house as compared to some states.