All Forum Posts by: Sam Gould

hey sorry about my previous post for some reason I'm finding it hard to message on this app. I'm 24 as well and I've been looking into buying real estate. I've never bought real estate and I'm not an expert but from what I can see it looks like the best option is to save up a bit of a down payment and use an FHA loan to buy a multi-family. the other tenants would be paying down the mortgage so you could live in one of the units and rent out the rest. from what I hear FHA Loans make it possible to buy a house with a 3.5% down payment. One thing I haven't done is build my credit. the best way to start doing that is with a secured credit card. this is just all from what I've heard but it's what I'm going to try! good luck it is possible!

hey Anthony,

This story did help me Fay! thank you for sharing!

@Charlie Macpherson Thank you for the response! I feel like if I go into this full time I can do it. I am considering starting with Century 21 as my brokerage. 

@Charlie Macpherson Thank you for the response! I feel like if I go into this full time I can do it. I am considering starting with Century 21 as my brokerage. 

Originally posted by @Charlie MacPherson:

@Sam Gould Almost ANY agency will take on new agents.  That's where recruiting is the easiest.  

Most agencies hope you'll do well, but realize that very few agents make it past 2 years.  If you bring in a deal or two in the meantime, great.  You're not getting paid a salary, so it's no skin off the agency's nose.

The average time from shiny new license to first income is 90 days.  Especially as you're new, there will be long periods - sometimes months - between paychecks.

You'll be faced with expenses too. License, MLS, E&O, desk fees, business cards, signs, marketing, CRM, website, and of course, lots of gas as you run around showing properties.

It's hard work.  A lot harder than most people think.  But it's rewarding - and I wish you the best of luck!

If I can help, feel free to call.

Hello BiggerPockets members!

I'm considering signing up for the Massachusetts Real Estate agent course. I would like to become a real estate investor one day. I'm currently unemployed. I'm excited to put my full effort into working as an agent. I am wondering how others got started in my area. Are there any agencies that will take on brand new agents? I'm looking for recommendations and partners in Worcester Mass.

          Thank you ahead of time for any responses and I hope you're all having a great day!,

                                 Sam Gould

Thank you for the reply. I've been looking for a job. I have some money I could use for marketing. I'll have to look into how much I'll need . I'll have to read more about wholesaling. If it's something that I could do to make more money to put toward my first deal while working a job it would be worth trying. 

Hello, bp members. I'm new here my name is Sam and I'm 23. I have a problem to solve. I have a down payment and a fund to live on for a bit set aside, however I have no current income. I would like to buy a small multifamily and live in one apartment. If possible i'd like to avoid using an FHA loan. I think I'm finally going to do it thanks to watching all the inspiring bigger pockets videos on youtube. I really like my current apartment because it's well taken care of. I plan on managing the property myself. I want to give people a nice place to live at a decent price. :) Has anyone bought a property without an income? How did you do it?