All Forum Posts by: Shane Benson

I would build a network and work the leads to other agents for referrals. Consider taking up trading. I can’t say it will be less stressful but if you know your stuff you can make a decent amount per day. Then take that capital and put into long term stocks or more rentals or a flip.

If you can make $60,000 a year selling real estate, that would be the best option. It's money in your pocket and you're in the game where you can find some good deals. of course, maybe you were making that much because the market was crazy.

Property Management is another option. Steady income and it will teach you how to manage properties correctly, which is the greatest weakness of most Landlords. You can also learn policies and procedures, how to create forms, and other skills that will make investing so much easier. If you keep your license active, you can also do the occasional sale. I live off my PM income and my sales commissions all go straight to investments.

I second @Bruce Woodruff idea of working in the trades side. Tons of contractors and construction companies looking for work and it's valuable experience that applies to future investments. When I started I put myself through the YouTube School of Remodeling. Most investors don't want to swing hammers on every property but understanding the basics is massive. Knowing how much time, material, and money to rehab something helps when negotiating with contractors. 

Another way to stay in the real estate field is to be a property manager. Youll build great experience on managing a property and can apply those systems to your own properties.

How did you buy the properties? Your parents co-sign you or pay for them? If you have cash and still access to funding just make lower offers, thats the advantage of having a license you can lowball without wasting everyones times lol 

P.S. Sales can be very rewording. Focus on sending clients analysis and standing out compared to other realtors.

Can you build off what you have already?  Maybe take your license and join a team?  Take a job at a property management company?

On the wholesaling note, as a realtor you can't uphold your fiduciary duties to the seller if you are reassigning the contract.  If you offer them $20k knowing that you could resell it for $40k, then you didn't put their interest ahead of yours in making the deal.  I'll probably get some hate for it, but the answer to its legality is going to be determined by the Real Estate Commission in your state, not some people in a forum.  I imagine thats why your broker said no more wholesaling.

My advice is to do nothing... that's right, don't change anything until you're done with school. With three properties you are already way ahead of the game. Your focus for the next year should be on finishing school and choosing a good company to work for. Finding a good company with pre-tax benefits like a 401k would allow you to balance your portfolio (away from being so real estate heavy) with equities and to also grow your cash position. How much operating capital do you have on hand for three properties? What happens if you have major cap X needs across all three properties? I think you're off to a great start and it sounds like you have a great real estate career ahead of you. My two cents anyway 😃

I know you hate sales, but why not focus your energy back into real estate? Make some low ball offers, 30 a day to start looking for deals. Put some under contract and wholesale a few. Represent buyers and sellers, or the very least refer those clients out to other realtors and make a referral fee