All Forum Posts by: Solomon Ganz

Hey all, I'm a 37 year old with a successful 15-year advertising career making six-figures.  My largest frustration is that my salary is beginning to cap at low six-figures and the % of people making huge amounts of money (500k+) is like 1%.  And, if and when you attain that, you can easily get fired at any moment (I've seen it countless times as executives get into their 40's) and then you're down to zero income overnight (with a hard time finding a new gig).  I'm strongly considering a career-switch to Real Estate Agent as it seems the income possibilities are endless (assuming you work extremely hard and are a people person, which I have both).  My plan would be to hit it hard and make as much as possible within a few years, but also as I become an expert in my market, have the time flexibility (which I have none of in my current job) to find and partner with some investors to buy-and-hold or fix-and-flip some properties over the years (maybe dedicate 1 or 2 days a week to this).  I would love your professional opinions on whether you think at 37 years old I have lost my mind to leave a successful career path for this plan?  Is 37 too old to get into the Real Estate Agent game, from scratch?  Assuming I have the people skills, and precision focus and motivation to hustle; how long would it take to make six-figures as an Agent in Los Angeles, realistically?

I'm looking to become a Real Estate Agent in Los Angeles. Suggestions for the best Online courses?  Kaplan looked pretty thorough, but as a newcomer to real estate, I have no idea what to sign up for.  Does it matter where you study?  Assuming there is no prestige in one place over another.  Thanks!

Hi all, 

I recently left a NY job I was unhappy in.  I would like to move to Los Angeles and start fresh there.  

My goal is to get heavily involved in real estate investments to a) earn short-term money to live on and b) build long-term wealth through multi-family cash-flow. So I was thinking I could Fix-and-Flip a few houses in my first year to make a little living money, and the remainder of my time is spent BRRRR-ing (Buy, Renovate, Rent, Refinance, Reinvest) with multi-family to grow long-term equity and cash-flow. I have no experience with this, but have been devouring investing books and BP podcasts.

I have $100,000 to invest, and have access to investors with money.

My question is, should I just begin my real estate investing career full-time and go all-in?  Or, should I find another nice-paying job in LA and invest on the side?  What are the pros and cons of each path?  My fear is that if I get another job, I basically have no time for anything other than weekends, and will be stuck in the rat race forever, instead of building wealth.

I would so appreciate your expertise and opinions.

Thanks,

Solomon