All Forum Posts by: Kenneth Huddleston

Hey. My name is Kenny and i have lately been looking at getting my real estate license right out of high school, i'm a junior right now, and working as a real estate agent. I was wondering what cities in the US are best for being a real estate agent? Also, how good a place is San Francisco specifically? On one hand it has higher prices which mean higher commissions, but i imagine it is more competitive as well.

 Thanks! I realize inexperience would be my biggest flaw but everyone is inexperienced at some point. As for the rat race, it would be nice if i never had to enter it in the first place!

I am currently a junior in high school and as i am graduating next year i am curious as to becoming a real estate agent and then after establishing myself using the commissions to fuel my investing. I had a few questions for anyone with experience as an agent?

1) Assuming that i am proactively learning, marketing, and improving myself as an agent, how long would it take to become profitable?

2) What can i do to increase my odds of succeeding as an agent and not only becoming profitable, but becoming a high seller?

3) Would it be feasible to attend college and act as a real estate agent at the same time?

Also any other advice would be well appreciated. Thanks for the help!

No Problem! Hope it works out for you!

I just checked up on Utah Tenant Laws and although 3 days would be legal, i would advise giving them longer. If you just show up at their door and say "You have 3 days to get out" they are much more inclined to fight you and, in the long run, cost you more money in eviction fees, lost rent, possible damages, so on. If you reason with them and give them fair notice, perhaps 1-2 weeks, they are much more inclined to follow along. Also, it will make you case much more solid if it comes down to an eviction. If the 3 days notice comes up in court although you won't have broken any laws, things would be more likely to go in the tenants favor. That being said, if they don't show any signs of moving out within the first few days, you should start to file for eviction ASAP as you can always withdraw the claim if it isn't necessary.

If it's directly against your contract, illegal, and you have sufficient evidence, then kick them out. It sounds like tenant A&B are decent tenants and i would not lose them for the sake's of someone who is breaking the law and your contract. Go for the eviction, and, frankly, i would report it to the police to be on the safe side. At the very least, if you have it on file that you made a report, they cannot hold you liable for anything the tenants may have done.

Thanks for the help. To answer your question on what market i am in, i would probably be working in Portland, OR.

Hey. I am 16 years old, almost 17, and i have been interested in real estate investing for quite a while now. Because such investments are pretty tricky as a minor i have been looking to become a realtor once i graduate high school. I already know about what is involved in getting the license so i was just looking for advise on the occupation itself.

Question 1) How long does it take to get profitable? I hear the generic numbers that say 1 year but i wanted to hear from people who have done it. For instance, if i do this i would plan to hit the ground running and would be working full time at it, would constantly be networking for customers at auctions, seminars, and so forth, and i would be looking to learn as much as i can in as little time as possible. That in mind, would it still take a year?

Question 2) What is the market like right now for realtors?

Question 3) After i have been established, what kind of income could i reasonably expect from the career? I ask because, as i said, this would be my gateway to real estate investing and a higher income would aid in my investments. I hear that the real aces of a brokerage can make upwards of 200k per year, but what would be logical to assume after getting myself initially established?

One bit of advice i could give you is to discuss with him what kind of terms would go with the deal. These can be just as important as the price, if not more so. Robert Kiyosaki once said "I will give you your price, if you will give me my terms" so if, for instance, you could convince him to owner-finance the property either no interest or a very low interest, you could lower your mortgage payment and save money in the long run; even if you spend more then you intended. Since Cashflow is the name of the game for landlords, this could prove to be invaluable. Hope i helped you out! Good luck!

Here's my take on the matter. Achieving multimillionaire status is very possible and does not require an extraordinary amount of luck like many people above are saying. Although miracles happen, the fact is that luck is MADE, not given; so in that sense, fine you do need luck. Thomas Jefferson once said "I am a strong believer in luck, and i find that when i am knowledgeable i have a lot more of it." If you get out there with the right mindset and the right knowledge 9 figures is certainly possible. People say you need some cool idea for a product or an awesome website like the next facebook? Read up on Warren Buffett sometime my friend. Not only is he one of the richest men in the world, but he did it through investing, plain and simple. He didn't have some genius idea, he just perfected his trade until he was the undisputed master of it. Like Warren Buffett, my advice would be to learn all forms of investing. Instead of thinking of real estate as the end-all-be-all, think of it as a chapter in the book titled "Investing." Yes, if you learn real estate well enough it will serve you well, but not as well as if you had finished the lesson plan. I am not saying to diversify your portfolio or anything like that for safety, not at all, i am saying be aware of all the tools at your disposal, not just one. There are so many other methods of investing i couldn't even count them all. There are people who have made millions in internet marketing, there are people who have made billions in stocks. When your aiming for 9 or even 10 figures, why would you ignore such fields? By understanding so many fields of investing you are not restricted to the limits of one; you will reach higher plateaus then the one itself could have taken you because you will always know which direction will take you the farthest. If you aim high, study hard, and work SMART, then before you know it you will have attained your goal of 9 figures.