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Updated about 5 years ago,
Entering real estate by being a lender
I have often heard the best way to learn more about Real Estate is to get a professional in that space.
I have a decent paying job but I have been considering becoming a Lender or Mortgage Loan Officer.
I have already taken the prelicensing course and all I have left is to take the Exam. I am a little nervous to go this route because I know it takes a while for MLOs to start making money but I know the long term benefits can help my family in achieving generational wealth.
My question is:
1)Is becoming an MLO a good way to learn about Real Estate and find great deals?
2) What is a good resources to prepare for the NMLS exam?
3) On average, how long does it take to start making money as a MLO?
4) Are there any meetups in the Chicago area where I can meet MLO’s to get advice from?