All Forum Posts by: Cody Evans

@Jimmy Ou @Cara Lonsdale @Steve Bracero

Thank you for the encouragement and help. I am looking into the license and getting started on it now. I just finished looking at http://www.bre.ca.gov/Examinees/RequirementsSales....

It is saying I need 3 college courses which will take an entire semester at a snails pace and with restrictive schedule requirements but in the additional info section of the same web page I read this: 

"Courses must be three semester-units or four quarter-units at the college level. Courses must be completed at an institution of higher learning accredited by the Western Association of Schools and Colleges or by a comparable regional accrediting agency recognized by the United States Department of Education, or by a private real estate school which has had its courses approved by the California Real Estate Commissioner. Each course approved by the Bureau of Real Estate is a minimum of 45 hours in length."

Does this mean I can avoid the college and get it done on my own time?

This is the list of places I can go for school as given by the same government page.

http://secure.dre.ca.gov/publicasp/cestatutory.asp

Jimmy, you just got your license a little over 2 years ago. Were you able to avoid college?

Hi Agents,

I am looking to start the journey to my license but I am now reading on the California government real estate site that i need to take college courses. I do not mind so much except this takes time.

In the additional information excerpt there is this section reading

"Courses must be three semester-units or four quarter-units at the college level. Courses must be completed at an institution of higher learning accredited by the Western Association of Schools and Colleges or by a comparable regional accrediting agency recognized by the United States Department of Education, or by a private real estate school which has had its courses approved by the California Real Estate Commissioner. Each course approved by the Bureau of Real Estate is a minimum of 45 hours in length."

Does this mean I can use a private real estate school to avoid the lengthy college courses and just finish these private courses at my own pace anytime I want? 

Thank you,

Cody

That does help and is kind of wild how simple that was! The internet is amazing

That sounds like a great plan Brian and I am in the same situation except have more debt! Having finance knowledge puts you at an advantage. I recommend sticking to this site and learning as much as you can in the meantime. Real estate takes time and if you really want to get started you could look into a license so you can work the sales side for income, networking, and market knowledge. Also go to a local REI club and get your feet wet with investors/agents in your market.

Good luck, we are lucky to have discovered this route so young.

Disclaimer: Do not own a rental

From what I have read on this site all of these bills should have been written into the lease as the tenants' responsibility. If they are not then it is automatically your burden or a huge issue to resolve. I would think that you would have to not renew the lease and find a new tenant. Can others weigh in on this?

Congrats! How complicated was the contract "Option to Purchase" and was it expensive to get drawn up?

Guys, this is great news to hear. So glad I had so many responses. If you have any more tips or pointers on this I am all ears.

@Christopher Makestas @JingJing He

Great to hear. How do you find a brokerage that is up for hiring a part time agent? Any recommendations on screening brokers?

What classes? I know I must take 3 college courses just to get the license.

@Peter Goeller

Ceasar is right about knowing your situation. I recommend getting your personal finances together and put it on excel(or download a pre-made calculator sheet of excel). You can factor in how much you save for a rainy day per month as an expense and how much you save on investments a per month. From there you can cut costs on things such as food and entertainment and have more to invest as well. RE investing all depends on your situation and the better you can make your situation, the sooner you can invest.

Enjoy your education

@Logan Allec

Did you buy it at market value or was it a fixer upper? Do you consider it a good investment looking back at it?