You complete distribution request, submit it to your custodian and they will mail you the check or deposit funds into your personal bank account.

Secondly when you're not working 2-4 open houses a weekend (yes that's a must when getting started) and having the 30-60 minute coffee appointment, focus on establishing accountability partners (brokers who have also started recently or in a similar groove as you), listen to podcasts or read books, and work establishing good habits early and developing a good mindset. 

The agreement I signed with the real-estate (property management company) says the Broker will maintain security deposits received from tenants in a trust account and will account to the tenants for the security deposits. 

I would like to get into real estate investing, but I have had never more than $2.000 in my bank account in my life.

A degree won't help you at all, unless you use the degree to get a job that will put money in your account to make your first few purchases.

And be sure to check with folks other than your family banker (where you carry all your accounts) - you'd be surprised how much price / term shopping can save you on each deal.Best of luck to you and I look forward to following your journey!

I think once I transition into the transaction side, I'll accelerate my studies and understanding of real estate.Thanks again for the tips!

When I plug this into the calc while also accounting for 5% Maint, 5% Vacancy, 8% CapEx and $0 management (it's local)...

When I plug this into the calc while also accounting for 5% Maint, 5% Vacancy, 8% CapEx and $0 management (it's local)...

Hi All,My name is Kristen Graham and I currently reside in Dallas, Tx working as a private equity fund accountant.