Just received my NC Provisional Brokers License

[Mike Lynch]

Hi,

I finally decided to get my Real Estate License. My wife and I have been doing a few home flips since 2015. I am a licensed NC Commercial Plumber and just turned 50 years old. I won't be able to do this type of hard manual labor much longer. I have worked on homes for 30 years and know more about homes than anything else. I passed my NC state and national tests yesterday.

Now, I am trying to figure out what to do with my license. I live in the Ocean Isle Beach / Holden Beach area. I passed the school exam and the state exam on the first try, so I worked my butt off to do so..... This is the way that I roll. :)

I would like to get out of my plumbing career pretty soon. If you were me today, what direction do you think you would take? …. I am wide open to all suggestions!

Thanks,

Mike

[Scott Hollister]

Congrats Mike! 

I am in the same boat being an agent and having some trade experience, I've learned so much in the last 3 years from reading and interviews. Here it is in a nutshell: 

Take all that active income (Plumber, Licensed agent) and put it into passive income. For me it is rental properties, you have a unique background that will allow you to manage sub contractors effectively, I would use that for value add properties, purchase with cash/hard money/private, rehab them, and find local banks to refinance your costs out. And you said your wife was involved? Thats awesome, have her involved in the business helping to build the passive income. 

5-10 years you can easily replace your active income. The goal is to put your passive income goal on the wall, make sure it exceeds your expenses, attack it every day, and once you hit it, you are financially free. Then come back and post your success story:)