All Forum Posts by: Andrew McIntyre

Hello, I am soon starting my 20 hour class to become closer to becoming a Mortgage Lending Originator. Is there anyone on this platform who has experience or advice for someone just starting out? Do I need to have money saved up at the beginning? What is a typical day like? any info will be helpful thank you!

-Andrew

@Nathan Gesner Thank you!

My sister is interested in getting her real estate license so while she is dealing with some issues I told her I would do some research for her and try to present her with a step by step plan. So far what I found is she has to get her fingerprints submitted and then proceed to take some online courses. Salesperson 1 and Salesperson 2 then take the national exam. My question today is where can I find her material to study for the Salesperson 1 & 2 and what is a good credible site where she can take the tests after studying to further proceed to the national exam? I really need your biggerpockets family help. After looking a lot of this stuff up I feel like I'm reading a different language, haha.

My sister is interested in getting her real estate license so while she is dealing with some issues I told her I would do some research for her and try to present her with a step by step plan. So far what I found is she has to get her fingerprints submitted and then proceed to take some online courses. Salesperson 1 and Salesperson 2 then take the national exam. My question today is where can I find her material to study for the Salesperson 1 & 2 and what is a good credible site where she can take the tests after studying to further proceed to the national exam? I really need your biggerpockets family help. After looking a lot of this stuff up I feel like I'm reading a different language, haha.

I have a friend who lives in California. This friend told me today that his aunt sold her house for around a million but only received about half of that because of taxes and what not. Is this true? and if so why so much?

@Ali Boone Very nice! Thank you for sharing that with me :) Good luck with your future endeavors!  

@Matt Wood Thank you for that encouraging bit! I may be giving you a call someday :).

@Amy Little Those are some things definitely worth considering! When I first started looking into possible FHA house hacking multifamily properties in the Bay area I was shocked at even the cheapest tri or quad plex prices. I think I'm leaning more towards out of state investing with a property manager. Thank you for your wisdom!

@Ali Boone

@Ali Boone

@Ali Boone Sad but unfortunately true, haha. I would love to hear more about how you manage that. Do you use property managers for your out of state investing? And do you deal with Multifamily properties?

I recently started school in San Jose. As majority of you know, prices are extremely high here. Back when I was living in Wyoming I had the plan to house hack with an FHA loan in a 4-unit. Now that I'm in the bay and that I will possibly be employed in the San Jose/Mountain View area, I was wondering what other people have done to get their foot in the real estate investing market here. The only things I can think of is still doing an FHA loan on an SFH and renting out the other bedrooms or just continue renting and find a multifamily to invest in out of state. I figure with as expensive as the homes are here I would be looking at maybe around the same down payment. 3.5% in Cali vs 20% on an out of state.

@Clay Manship Very inspiring thread! But please don't leave us all hanging my man. We need closure! :) good stuff though!