Experience Investor's Help A Young Kid Out!
I'm 23 year's old and i want to invest ,but dont have the money or anything. I was thinking i should take a course in real estate sells then take my broker's liciense course all about 120 hours worth(takes about 2months) once i pass that become a real estate broker. With agents under me. Now am i going in over my head. Or can i do this. By the way this will be in illinois. No experience needed to become agent or broker.
Sorry i know this has nothing to do with forclosures, but please give me your opinion!
Well, your not alone with your age. I am 23 myself. Are you sure that you can become a agent and then become a broker right away. I know in FL you have to wait a year. I am currently a agent and will obtain my brokers in the next couple of months. I am getting my brokers just for the education at the moment and the title. I am doing pretty well as a agent but know I am not ready to open my own office. As far as first investments if you haven't already you should try and buy a house for your self. My first resident was the best investment I ever made. I bought it FHA with 3 percent down which 1/2 was gifted to me. There are programs where you can get in for nothing or $500. Good Luck
I agree with buying your own home with these rates if you can. I took my real estate sales course here in Mass just for the education and legal issues, but prefer to simply invest. In your case, its good to have access to MLS and to network. If you want to invest with no money, my suggestion would be wholesaling. Great way to start for some quick cashflow. To KarenSilver in Ft. Pierce, say hello to my Mom in Spanish Lakes Country Village!
Buzz I am acctually in Port Saint Lucie I have no idea why is says Fort Pierce but close enough. How did your mom do with those storms?