So most agents are only putting about half of that $12k in their pocket, and out of that $6k they have to cover all of their operating expenses: licensing fees, MLS/ Realtor Association fees, continuing education classes to stay compliant with licensing requirements, monthly "desk" fees/ technology fees to their brokerage, health insurance for themselves and their family, errors and omissions insurance (required), marketing, car, car insurance, gas, clothes, computer/ software, cell phone, closing gifts, signs, photography, staging if they offer that, etc.

I am joining to help/support others with their journey and also help me ACCELERATE my REI investing through peer support, coaching, and preferable has a model to follow based on one's goals.

It is an awesome platform and has been so fruitful in my journey in real estate and investing.

But we can stay educated on trends.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

My professional journey includes stints at Equity Residential, Cushman & Wakefield, and now EquityMultiple, where I help investors navigate the world of real estate syndications.TL;DR: Currently located in NYC, Landlady, licensed real estate agent (MA & NY), property manager, EquityMultiple maven, article-writing enthusiast, and devoted real estate lover.

I'm eager to understand the ins and outs of finding deals, negotiating with sellers, and building a network of cash buyers.I’m here to learn, ask questions, and share my journey as I work toward my first successful wholesale deal.

That being said, we have an incomplete picture of your personal situation so please take this advice with a grain of salt.Good luck with your investing journey!

I’m sure you’ll find plenty of opportunities to share insights while also connecting with other professionals and investors who can help broaden your understanding of real estate.Looking forward to seeing your contributions and following your journey as you get more involved.

Quote from @Virginia VanOeveren: To start as a private money lender, educate yourself on real estate investing and lending practices, define clear loan criteria, and conduct thorough due diligence on borrowers and properties.