All Forum Posts by: Michael Rudd

Thank you Ed and Gary,

I am talking with Matt and I believe things will get a great start.

John, Ill definitely be hitting you up, thanks.

Mehran, the end goal is to be taking vacations all the time, just have to get there first haha. I believe I'm on the right track though.

Thank you Paul, Sandra, Bryan, Nuhan, and Jen.

I think I may just be overestimating the difficulty of getting a peek at the MLS. I just haven't seen the information I want from Zillow or Realtor.com (mainly multifamily sq. footage vs bedrooms vs units so I can calculate rent off padmapper, ect). I'm also not as versed in checking through the property tax databases as I should be.

I got the "Modern Real Estate Practice" book that was recommended from somewhere, and if I get nothing else from it, the terminology should become familiar.

As far as getting my license, I am a big fan of controlling all the deals I haven't made yet but what do you guys think about the timing? Should I jump in and do it, or just get my license next year with a couple of houses under my belt with contracts not bungled by a newby?

Thanks again, I always welcome data.

Thanks Jen and Mike.

My friend doesnt have any investor experience, but has done extensive work on his house. He built a garage thats bigger than the rest of his house. With his construction contacts and cheap access to remodelling supplies, we should have a good start once we figure out the financing. I should be able to qualify for a 200k house by myself, just have to find that first deal!

Hello BP community,

My name is Mike and I live in another state, but my best friend/business partner is in Salt Lake City. So I'm spending my free time here and am itching to start buying some real estate.

About me:
I graduated with an Engineering degree which will provide me with a steady paycheck and an equally steady student loan payment haha. (If anyones got tips on financing with $100k student loans, please let me know).

I work an interesting schedule, 2 weeks on, 2 weeks off, which makes it necessary to have a good partner (and a good travel rewards card).

My goals:

I want financial freedom, a large passive income is the end goal, and all it takes is work, patience, and attention to detail? Sign me up!

Hello everyone, this is my first post to BP, after reading about 5 hours a day for the past few weeks on every article/blog/webinar/forum post I can.

My immediate concern and reason for this post is: Should I get a real estate agent license for my state now/later/ever?

Here is some background info, hopefully in the goldilocks zone of information (not too little/much).

I'm about to get started in this fascinating world of real estate, specifically "passive" income via buying and renting houses. My "9 to 5" consists of 2 weeks on, 2 weeks off (VERY far from my investment state), that pays well for a recent graduate. I will be using this paycheck as well as partnering with a friend(s) to buy rental properties.

We have enough to buy our first property and I am faced with the dilemma of whether or not to get access to the MLS database.

Utah requires 120 hours of training to get an agent license, but I cant seem to find out whether or not that grants me access to the MLS, or if I have to join a brokerage to get access.

The 120 hours is nothing as I have two-week stretches of time off (perfect for finding deals, etc). The problems arise when I can't fulfil my duties to a brokerage (if I need to join one) because I am out of the state half of the time.

I wanted to ask these forums as I have seen some great advice, before risking (potentially) incomplete information from schools/brokerages that might just want my money.