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17 February 2025 | 9 replies
for me it was income potential of earning commissions instead of salary.so at 18 I got my RE license.. and while it was a bit of a chore getting going as it is for most agents..
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21 January 2025 | 8 replies
@Fabio CattolicoFrom my experience, balancing career growth, cost of living, and real estate goals is a smart move.
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6 February 2025 | 12 replies
While I am an attorney and lean on those skills I would be more inclined to consider my career that of a real estate developer at this point.
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24 February 2025 | 27 replies
If it’s making $10,000 a month, no triplex is going to earn that much.
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24 February 2025 | 5 replies
In the next 5-10 years, I plan to leave my current industry and transition to real estate full-time, so I’m especially interested in how this could impact that goal.Current FinancialsRoth 401(k) Balance: $105KContributions: $79KEarnings: $23.5KSalary: $109KContributing 6% annually ($545/month), with a 100% match for the first 3%Investment Growth Assumption: 8% per yearCurrent Rental Cash Flow (Pure Profit After All Expenses): $7,500/month (9 units)Potential New Property Cash Flow (Pure Profit After All Expenses): $1,300/monthCurrent Real Estate Portfolio Value: $1.4MAfter New Property: $1.7MWithdrawal Breakdown ($60K)Tax-Free Contributions: $45KTaxed Earnings: $13.4KWhy Only $13.4K Is Taxed and PenalizedMy Roth 401(k) balance is made up of:Total Balance: $105KContributions: $79K (75.24% of total)Earnings: $23.5K (22.38% of total)When withdrawing, the money comes out proportionally from contributions and earnings.
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12 February 2025 | 20 replies
Quote from @Torrean Edwards: Early in my investing career, I had some success, but then the crash happened.
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11 February 2025 | 29 replies
You can earn commissions while learning and tapping into an existing network - all with potential partnership opportunities before you go out alone.
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18 February 2025 | 11 replies
Under the assignment of income doctrine, income is taxable to the person who earns it, even if it is directed to someone else.
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28 January 2025 | 6 replies
Real estate is easy to get into, but hard to earn a living. 87% of all agents quit within two years because they don't make enough money.
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16 February 2025 | 11 replies
Partner with a real estate marketing company out of Las Vegas or Provo, Utah to market, promote and advertise the “mentorship” system consisting of the free seminar, followed by the modest fee weekend workshop, followed by the $15,000 - $40 000 full mentorship program.Here are the usual results1- 99% of “students” never earn back the cost, despite 1000s of wasted hours2- students learn nothing of real estate principles, real estate finance and real estate law which are the necessary foundation blocks of knowledge necessary for a SUSTAINABLE career in real estate investment 3- with hundreds or thousands of “students” unleashed on the real estate selling public they’re AT BEST an annoyance of trying to do “unrealistic” deals, AT WORST lead to a disastrous result for vulnerable homeowners.4 - The career real estate investors, service providers, brokers, lenders, etc are so disgusted with all of it and the outcomes they see that that can’t even comprehend that the subject technique or strategy does have a legitimate use when utilized (1) by and experienced and well capitalized buyer and (2) full disclosure is provided all parties with legal representation.