All Forum Posts by: Niko Cummings

Currently I’m in college and in the process of becoming a MLO. I have a connection that will allow me to smoothly transition into being a broker after 2 years (about a year after I graduate). To me, the most significant benefit of investing in real estate is the passive income. It’s a beautiful thing. However I’ve been thinking about my future business and realized that my business will generate passive income as well. If I have 5 MLO’s working under me and I’m receiving a part of their commission, that’s technically a form of passive income because I’m not doing the work.

Wouldn’t it be a better cash on cash return to just hire more MLO’s? It would cost me $1000/month for a new hire but $3,000/month of their commission would go to me. That’s a 67% return on investment.

Why would I invest in real estate when a GREAT and rare return is about 30%?

I’m genuinely asking, all help is appreciated. Thank you!

When flipping a rental property, do you need cash for the repairs or is the money used for the repairs included in the loan?

Any help is appreciated, thanks!

All of you guys helped a lot! Based off of the responses I'm going to start networking and searching around for jobs in the area of my college that will give me some experience in the field.

Thanks!

Thanks, I appreciate it!

Niko Cummings Sent 37 minutes ago

Hi I've been really interested in real estate after reading some books on it over the summer. The problem is im 18 and going into college next year. The market is looking like it should be on its way down by 2021 (when I graduate) which will be a good time to start buying. What should I do in the mean time while in college? Should I just broaden my education on real estate? Wait for the market to go down? Try to partner even though we're about at the peak of the market?

Thanks!

p.s. I live in California