All Forum Posts by: Young Kim

Hi, I am living in Southern California at the moment. I am currently unemployed because I resigned from my previous company and decided to pursue my career in real estate. I am studying for real estate license exam and looking for a job in a related field. The question is, I am trying to see if I can purchase a duplex, triplex, or a quadplex, but I do not have a job yet. As far as I know, it may be easier for me to qualify for a conventional loan once I get a job, but I wanted to see which options I might have out there. I will explain my financial position and situations here. Please give me advice on what type of options I have out there in order to purchase a duplex, triple, or a quadplex. By the way, I am looking for them in California or Texas (Dallas area preferably). 

*I am currently unemployed.

I have about $38,000 in cash and I have about $65,000 in equity invested in stock market (portion of them are sitting there in brokerage accounts as cash). So if I liquidate my equities, I can pull off maybe about $103,000. However, that is all I have and I do not wish to invest all that money as it can be risky. I am thinking to put down about $50,000 ~ $60,000. 

Question: With my employment status, and financial position, what options do I have? and would I even be able to afford a duplex with that amount? I am currently looking for a job, but I believe that my starting salary will be around $30,000 ~ $40,000 since I do not have any experience in this field and I do not have my license yet. 

Please let me know if you need me to answer any of your questions in order for you to give me a better advice. 

Thank you very much in advance!!

I also would like to try living the lifestyle of real estate agent. I want to meet a lot of new people to build network. I would also become more motivated each day knowing that my sweat and tears may bring more fortune to me in the future. 

@Brian Ellwood, 

Thank you for your response. The reason why I am seeking for a career as a real estate agent is because I do not want to work for a fixed salary. Under fixed salary, I am not motivated enough to truly thrive in what I do for living knowing that even if I worked harder and smarter compared to yesterday, last week, or last month, my income will still be the same. I will be given a raise periodically, but that's only every 2-3 years. My annual salary will maybe bump up by 10k-15k every few years, but I find myself working a lot harder with passion than what I get paid now. I thought if I put this hard work into somewhere where I do not have to be so limited on how much I get paid I could be making much more. I do understand that it won't be easy, but the thought of working under set schedule and to get paid the same no matter how hard I work stresses me out. My goal is to first become a successful real estate agent in order to make bigger income and to invest that money into rental properties. 

@Dennis Maynard 

I'd love to do that! How would we go about that?

@Christine Kankowski  @Dennis Maynard @James Carlson

Thank you so much for your feedback. It helps me a lot to know what your thoughts are and what types of pathways I have to choose from. I appreciate your feedbacks!

Hi, I am 25 years old and I live in Lakewood, CA. I managed restaurants for my career, but I was always interested in economics. I started studying the stock markets and I was able to make a little profit from stock markets. I then started foreign exchange trading which is still in progress. As I gained more knowledge about new things I studied even more because I then realized that knowledge is key to success.

Recently, I felt the need for change. The belief of "easy money is too good to be true", or "I won't ever become rich because there are so many other smarter people out there", changed to "how can I do it?" as I obtained more knowledge about how money works. Once I understood that passive income is a real thing, I no longer wanted to live my life working for a fixed salary. I am a very passionate, motivated, and desperately want to succeed in achieving my passive income. I knew for sure that if I continued on with my current career, I will never achieve my goal.

Recently, I have started reading a book about real estate and listened to some podcasts on this platform. I do understand that this journey will not be easy for me, but I am willing to take the risk, and work my butt off. I decided that first thing I need to do is to get myself a real estate agency license and to jump into the market because I believe that it would show me so much more about where I should begin and what I should dig into. Although I have watched real estate videos/tutorials for beginners on several different platforms, I am clueless about what this will be like and what I should be focusing on in order to build my success in real estate.

I was hoping if anyone could give me feedback on where to really start if I want to earn income working as real estate agent, and to invest that money in building my wealth by flipping houses, or investing in rental properties. What should I focus on? Is working as an agent's assistant the best option out there to get my foot on the door? Please help!

Hi, I am 25 years old and I live in Lakewood, CA. I managed restaurants for my career, but I was always interested in economics. I started studying the stock markets and I was able to make a little profit from stock markets. I then started foreign exchange trading which is still in progress. As I gained more knowledge about new things I studied even more because I then realized that knowledge is key to success. 

Recently, I felt the need for change. The belief of "easy money is too good to be true", or "I won't ever become rich because there are so many other smarter people out there", changed to "how can I do it?" as I obtained more knowledge about how money works. Once I understood that passive income is a real thing, I no longer wanted to live my life working for a fixed salary. I am a very passionate, motivated, and desperately want to succeed in achieving my passive income. I knew for sure that if I continued on with my current career, I will never achieve my goal. 

Recently, I have started reading a book about real estate and listened to some podcasts on this platform. I do understand that this journey will not be easy for me, but I am willing to take the risk, and work my butt off. I decided that first thing I need to do is to get myself a real estate agency license and to jump into the market because I believe that it would show me so much more about where I should begin and what I should dig into. Although I have watched real estate videos/tutorials for beginners on several different platforms, I am clueless about what this will be like and what I should be focusing on in order to build my success in real estate. 

I was hoping if anyone could give me feedback on where to really start if I want to earn income working as real estate agent, and to invest that money in building my wealth by flipping houses, or investing in rental properties. What should I focus on? Is working as an agent's assistant the best option out there to get my foot on the door? Please help!