It's a thrilling and rewarding world, but it can also be overwhelming for newcomers.

It's a thrilling and rewarding world, but it can also be overwhelming for newcomers.

It's a thrilling and rewarding world, but it can also be overwhelming for newcomers.

Yes, the starting split might not be as sexy as some of the virtual brokerages, but if you find the right broker and mentor the reward is immensely greater than if you started by yourself.

@Devon Morrissey most covered by @Samuel EddingerWill add this, check out your state laws and also the PENALTIES.We know how it works in Michigan, where we do biz, and so we balance risk vs reward. 

Here is a tip for all of you trying to pull the cash off of the credit cards.Open a personal line of credit at the bankOr a HELOC-this is bestPut whatever amount you can/need on the line of credit or transfer the cash to your checking accountUse plastiq.comUse your new credit card on plastiq to mail a payment to the line of credit at your bankYou will pay the 2.5% feeYou will get 1% in rewards/cash backGreat deal

Closing costs can seem more expensive if you sink 10K into it, but the rewards validate the risk.

Rates depend on what you are lending on in what areas determines the risk and reward factor.Generally the down side to outside your area is you do not know the area like the local HML's do.

Making the transition from an employee to a business owner is very hard work but rewarding in the long run.  

It's a thrilling and rewarding world, but it can also be overwhelming for newcomers.