I feel like it would be tough to get a loan as a 22 year old, who just graduated college and is barely establishing credit.

We're in our 44th month of appreciation right now, (b) are buying off-MLS properties from motivated sellers, (c) are buying things they can rehab or rebuild to generate value.3.

Hey all,Just wanted to give a frame of reference for those who are thinking about being a real estate agent, whether it is to do "retail" sales or investing here are some of the cost associated to being an agent:I am located in Tulsa, OK each region/brokerage/style is going to be differentP.S. other realtors feel free to chime inGreater Tulsa Association of Realtors (access to MLS): 663/year (paid quarterly)National Association of Realtor fees: 685/year (paid in full upfront per year)Monthly Desk Fees: 990/year(HUGE range depending on style of broker)Continuing Education/Renewing License: 150/year (Just an estimate on the high side, new license last 1 year, then 3 years after, may want to upgrade to broker's etc.)Bare Bones: 200-250/mo or 2400-3000/yearNot that bad if you ask me, but there are a ton of other cost that you may not of thought about:On the "retail side":Advertising Costs, Marketing Materials, Coaching, Health Insurance - 1000/mo (doesn't include my health insurance)I am pretty conservative in my marketing also: 1250-1500/mo or 15000-18000/yearBREAK EVEN POINT:Here are more costs when you do make money:Taxes - 1099, there are a ton of things you can write off, but you are still responsible to pay the 7.5% that most companies pay off the top*Commission Split - most start at 50/50 some go to 100%, depending on how you start this could be even lower than 50/50*Splits, franchise fees, and commission vary a tonREALTOR BREAK EVEN:Let's just assume that our break even point is 1000/mo, I advertise more than a newbie (I know most of the things I mentioned are tax write-offs, so I wont include that in our calculations)1000x2(commission split of 50/50) = 20002000/.93(franchise fee of 7%) = 21502150/.03(commission off sale) = 71,666 (price point of house needed to be sold)71,666x12 = 859,992You need to sell almost 900,000/yr or 71,666/mo to break even in this industry... 

@Yazeed AtiehI couldn't agree more with @Jonathan Streufert although I will note that there are members here on BP who are successful and have barely/never worked a true 9-5.  

So that's almost (in my view) the "bare minimum" that will allow you to qualify for financing.  

It's barely made any money.  

Mortgage numbers seems too sunny with flowers, but maybe you have better bankers than I do.Throw these variables in..... the deal is barely break even cashflow and a low dollar value deal.

So if you find a D/F category home with D/F category tenant to cash flow in California, I think it will be ugly.So you are left with barely positive cash flowing (or negative cash flowing) home in the worst neighborhoods with no protection from "professional tenants" or nightmare tenants who don't pay rent but you cannot evict easily.  

So bare with me, I am not sure how to present this besides how I see it in my daydreams haha so here we go:I picture that there is a Mobile home park ( for this example) for sale at $1 million 12% cap.

If it goes up 3% a year for the next 5 years (not counting compounding that growth) you're at a 15% increase and if the market drops 20% it will barely move the needle as a loss on today's 2017 values.