All Forum Posts by: Ryan Florida

@Bryan L. That is what I am starting to find out through further research. It definitely sounds, to me, the best way to go. But I have also heard of a few drawbacks of being your own realtor, but no one seems to give solid examples, do you know of any drawbacks of it? I

@Paul Timmins I see what you are saying, but I do think I would like to get the license and do that part myself.

That is also a really great idea, not a bad income at all.

@Bill Gulley Money, although not my main goal in life, is something I respect the concept of and I know how and where to get it. I see it as a necessity and I like to live comfortably and never in fear of debt, so I would rather have an over abundance of it than not enough. With that said, I do value education more than anything else and I am actually planning on going to medical school and becoming an anesthesiologist. I have a 4.0 as of right now and I am not planning on losing it.

I would like to learn the ropes of RE and REI, and become proficient at them, so as to provide cushion and a great early retirement. Life is too short to be spent worrying about if I have enough money or not, so I just see this as a way to have quite a bit of extra income, and if I honestly do enjoy it, then I will make it a career. I was told by my mentor, who is in his residency now, and by quite a few doctors that I have shadowed: "If you can see yourself doing anything other than becoming a doctor, do it." At this point, I cannot see myself doing anything other than being a doctor, it is what I was made for; however, after getting into the RE business, my mind could change and I am perfectly okay with that.

I would just like to leave my mark on the world. And I do agree with you that people taking "short-cuts" for a quick buck are destined to fail and will never be successful in what they do. I am not looking for quick cash, I am looking for long-term investments that will give me and my wife (and perhaps children one day) a very comfortable and relaxed future. I believe, without a solid foundation for anything, one can not be successful no matter what their profession or end goal. Cutting corners is not an option to me, I want to understand things from the most basic point and expand my knowledge of them from there. I strive to be an expert in every field I apply myself to and I will accept nothing less.

Thank you for the words of inspiration and the good wishes! I hope you the best in your future endeavors as well, I very much respect that - after leading a successful life of investing - you have decided to come here and share your knowledge with newcomers to the field.

@Shawn Mcenteer I was reading reviews on my state's classes and most people said the same. They said if you think studying law is fun, then you would probably find this interesting, but it is very dry. I am a very dedicated and motivated person and, oddly enough, I enjoy reading textbooks and other dry material, so I do not think it will be too bad. I was assuming this would be more of a "learn through experience" sort of job than something you can just learn from reading a book. And I will definitely find and meet up with some REIs as soon as possible; the only people I have gotten to talk to so far on the subject are successful small business owners and the market sales leader of the Marriott hotels in the Southern region. They are all great for the business and marketing aspect, but I really just need someone who has experience investing and flipping houses.

@Bill Gulley Thank you for your reply, it has definitely opened my eyes to even more benefits of getting the RE education. I see what you mean about the MLS not being as glamorous as it is made out to be, I was thinking of it more as just a slight advantage over the competition. I have made up my mind to go through with the training, mainly because I love learning and a challenge, but also because I would like for everyone to think of me as a well-informed professional and always know they are doing quality business when doing business with me. Again, thank you for your eye-opening opinion.

@Jaren Barnes Thank you for the resource, I did a search on the site and I am surprised that did not pop up. Again, thank you.

@David Espinoza Thank you for the link, I will be sure to check it out.

@Bryan L. I have all the time in the world to do it right now, for I am in college and I have two part time jobs (I am a science/maths tutor during the school semesters and my year-round full time job only requires me to work Saturday, Sunday, and Monday). I have the time and drive to fully commit to getting this done before the next school semester starts in August even. I am taking summer classes, but they go from 7:30 A.M. to 11:45 A.M. so I pretty much have all day every day to work on this. Is there a difference between the 30 and 60 hour courses, aside from the obvious time difference, or is one just more spread out than the other?

@Shawn Mcenteer I am willing to spend the cost if it means giving me a solid stream of rainy day money and if it helps me reach my goal. I will do anything in my power, which I know is limitless, to achieve my dreams and what I have set out to do. I think, at this point, I have made up my mind and I am going to get it. Now, I must figure out which course to take.

I have already read books such as "Think and Grow Rich", "Awaken the Giant Within", "Good to Great", "How to Win Friends and Influence People", "The 7 Habits of Highly Effective People", and am about to read "Rich Dad, Poor Dad". These books are all very good for inspiring and teaching to deal with people but, aside from the beginner's guide offered on this site, what would be some really good books to read in order to learn as much as possible about investing? Any opinions would be greatly appreciated.

@Shawn Mcenteer I am looking to get into renting properties for building wealth. My next step, after owning a few rental properties, is going to be focusing on wholesaling - this will only happen once I master my first goal though. I am taking it a step at a time.

@David Espinoza I am curious, how could it work against me?

I am at a position right now where I have the time, energy, and motivation to get my real estate license, but is it truly worth it? I would like to start investing as soon as possible. From the bit of research I did on the subject of first obtaining my license, it seems the only huge benefit is access to MLS and perhaps representing yourself; are these two things really worth the time commitment though? Any opinions/advice would be greatly appreciated.