I'm going to my first local REIA meeting in a couple of weeks hoping to gain some contacts.

I don’t plan to hold it longer than 2 years so that we can escape capital gains.

After all, if they liquidate their assets, they would be subject to a hefty capital gains tax, and, they would be pulling their assets out of an income bearing vehicle.

He said he would pay me $1500 / mo to manage 15 properties, and said since they are well maintained they will not require much attention.

Thanks a lot for drawing my attention over it.

What advantages do you gain from having the license, but none of the experience as an agent to utilize it effectively?

Really looking forward gaining some experience, and being able to contribute back into this community!

Doing it as a owner-builder gave plenty of practical experience in managing a non-trivial construction process.Last year, we acquired one more condo in the neighborhood and have been gaining experience with land-lording as well.My background is in Computer Science and have been working full time as Software Engineer for about 20 years.I am interested in networking with fellow investors/tradesmen, especially who are active in our area (Culver City/West Los Angeles).Thanks and wish you all a very happy new year.Coty

You gain experience and helps you determine if you want to be a landlord.

@Brandon Turner Thanks for bringing that to our attention.