I got hooked into real estate when I was 16 after reading "Rich dad and Poor dad" by Robert Kiyosaki (definitely gave me a thought-provoking feelings and opened my mind to the possibility of letting money earn for money; especially when I was 16 and still trying to find out what I wanted to do in life).

So as an agent, I am pretty much limited to listing the property and earning a commission.Hope that helps, and if any other agents or brokers see a flaw in my explanation, please correct me!

In year 2 (assuming no "claims") that would grow to be $30,000 (plus some small amount of earnings on that fund).The big risk being what happens when you switch over to self-insurance and something happens on day one.

Also mls access, property profile access, any form they would need, free attorney service and more opportunity to earn commissions on other deals that are not wholesale.

Based on the research I had done it looks like there is ample opportunity for a beginner to make a mistake and sacrifice their hard earned cash.In the end, I think I did about 60 hours of property and process research and took home about $60 (about 15%) when the lien was redeemed.

You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile.

You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile.

You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile.

You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile.

Let me suggest taking one step further that I plan to do with my 3 kids that are all finishing high school: Have them "earn" their housing by actually being the on-site manager.