My job recently closed down due to the economy and so now I am taking this opportunity to develop my real estate career full time.

She followed certain rules that had withstood the test of time: "Invest in stocks for the long term," "owning your own home is your single best investment," "spend your entire career with one organization," These 'rules' are not working anymore.

The markets change rapidly, and so do the type of investments that make sense.I thought I would be a big time commercial guy at this point in my career, instead I am rehabbing $47,000 houses!

It is great that you're already getting excited about starting a real estate career off.

People are more motivated in these current times than any time in my investing career.

We want to make real estate our main careers.

A typical electrician will charge $90-150/hour, so that's another $400-$1500.So, depending on your situation, I wouldn't be surprised at anything in the $600-2000 range.Oh, and unless you've done some electrical work before, DON'T start your electrical career by trying to replace a box...it could easily end your career.

You don't have the cash.With only $25k for a down payment, even if you could get a 75% LTV loan, you only have enough to purchase a $100k property.Is this the same property you talk about in your 12/07 post that starts with I'm 24 years old and am very interested in getting involved in some REI.and your 11/08 post that starts withAlright...Iong story short...I'm 25 years old and am going to start my REI career / company this year.

Up until recently becoming a Realtor or a Loan officer was the career choice for anyone who lost a job....The thought was "Oh crap, I got laid off from the factory....Why not start selling real estate, I heard of dude that makes lots of money doing that".....It's no wonder that many Realtors are useless...Yes they are licensed, yes they are supposed to go by a standard of ethics and I truly believe that most Realtors don't have any bad intentions....The problem is in what I call "Unconscious Incompetence" meaning they "Don't know, what they don't know"....Sure they don't intend to do any harm....but using a misinformed realtor can be one of the most expensive mistakes you will ever make..And to make things worse...They think they know alot..and they truly believe that they do...Making them even more dangerous...Thats my two cents.

I think success in this business comes from a good education in your chosen career and confidence in your product...