All Forum Posts by: Account Closed

@Jennifer McMurray @Judy P. @Stanley Bronstein

Thank you for opening my eyes even more. I’m going to keep it!

Happy 4th of July! 😁

@Jay Hinrichs

I was considering both part-time in PM and part-time bartender. Here in California the rent is obnoxiously high yes 2k - 4K in rent it is crazy. I was also considering management in commercial properties. I will have to do some homework on that since my broker doesn’t offer the commercial side to her business. Thank you for your point of view and not giving in to totally throwing the idea out of the window.

@Bevla Reeves

Alright I’ve made my decision I will keep my license. From these conversations I’ve learned that it is valuable and beneficial to keep it even if not exercising it for the time being. There is still so much to learn. It is going to take some time but, a lot can also happen along the way. Thank you all for your responses. I will look back on these conversations from time to time and reflect if I ever get stuck or need a reminder again.

Thank you, Happy 4th of July everybody!

@Joel Owens

I agree that's why I don't know if I desire to do property management or be an agent. Which brings me too if I should let my license go and purse REI all or nothing. Or keep my license because I've worked so hard to get it and keep it as an accomplishment. The only benefit property management will give me is an insight of knowing the in and outs of a home and it's day to day operations, networking and staying in the loop of the real estate market. But it's not going to help me get into REI faster.

@Bevla Reeves

Thank you so much for your feedback and taking the time to read this and respond. I truly appreciate it. It is just me, I have no family. I know first things first is finding a bartending job so I have put some applications in the past two days. I believe I will try to do both property management and bartending on the side. I will give it a shot!

First step get a job. I thought about seeking out an investor. Just wasn’t sure if I wanted to bring one in so early in the game with it being my first property. I believe the only way I will consider an investor on my first property is to help with the down payment. Then when I take equity out I will cut them a check with interest added but the purpose is that the property would be solely mine. I would like to partner later when I’ve reached my max of borrowing potential.

Thank you for your words of encouragement. When something's going well and your on the right path to potentially succeed life throws you a curb. Then you feel like your starting from the bottom again when you almost got to taste a piece of the pie. Then you question yourself will I ever get there? But your advice is telling I'm doing just fine. It's just the matter of should I dump my license if not using it and jump all in on REI.

You expressed that having a license is beneficial. Access to the MLS for deals yes. Do you pay for closing cost when purchasing your own property? Or how would it benefit me if I want to sell me own property? Would my license benefit me in REI if I do not want to be an agent?

@Bevla Reeves @Patricia Steiner @Joel Owens @Jay Hinrichs

Thank you all for your feedback. My found interest in REI has me eager to get the ball rolling. I'm impatient and impulsive when I get excited about a new venture. My life change in an instant when I was let go from my bartending job. I was bringing in fast cash and was on the right track to buying my first property at the end of the year. Now that I am on pause I find myself using my savings that I wanted to purchase the home with as a means to pay my bills.

My old boss who is a broker offered me my job back as a property manager with exercising my license to do real estate. The job is commissioned base only. So finding landlords and finding RE clients may slow down my process of wanting to become an real estate investor. I'm not sure if the job she offered me is what I truly want to do. I am considering it because I may surprise myself and become good at it. I give up to easily when things get tough and start to question myself is this what I want to do. I've had many career changes but my goal always remained the same, which is to achieve financial freedom. I want to get into REI quickly because I see a location 2 hours away from me where the market is thriving and the inventory of homes are going like hot cakes.

So do I start off slow and build with the job my boss offered me. Or do I find another bartending job to bring in fast income to purchase a home. I have a fear of if I put off buying property for another year or few years from now the market will change. Maybe try and do both options. Work for my boss and learn from her and get a part time bartending job.

@Patricia Steiner

Hi, thank you for your feedback! My state does offer inactive status. Which I currently have my licenses in but my renewal is coming up it expires every 4 years. So I’m not sure if I’m able to leave it inactive when it come time to renew it.

@Derek Diamond

Thank you, I would like to take the REI path. My credit is 670 but I'm working on repairing my negative reporting from my younger 20's. I do have a great credit line that I'm proud of. I will look for a job I just don't know where yet that will help me to put a down on a house quick enough.

I guess I am impatient because I would like to get started already but 4K in the bank is hardly enough. I was thinking about rent to own. That would be one option of a way for me to get in the game faster. I’m not so sure I’m ready for an investor yet on my first property purchase. It will take some time, but again I’m impulsive and would like to jump on it sooner than later. So I believe finding a job that is going to bring in enough funds to put a down payment on.

I've had my license coming up on 4 years and I'm debating if I should renew it or not. I'm not so confident in sales nor do I feel that I've given it my best shot either. It is pricey to keep up the license and I have to work to support it. What I've discovered is my interest for REI. Would my license benefit me or hurt me in REl?

Yes access to the MLS is great way to shop for deals but there are similar sites as well. Should I keep my license just to have this accomplishment when not exercising it? Or should I give it a go and maybe move location where I see that a market is thriving in inventory of homes? Your insight would be greatly appreciated it!

@Charleszett Deed

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