Gunm Posted February 22, 2006 Share Posted February 22, 2006 I have a few friends who have gotten into real estate in some form or another and from what i see, it pays off big as long as you put in hard work and your persevere at it....no problem...I can deal with that. So I am going to start taking steps to get my license this week. I am just sick of this 9-5 bullshit everyday...tired of not getting back what I put into my work day...lame ass commute EVERY morning....living paycheck to paycheck....I want big money and a sense of satisfaction when the work day is over. Any 12ozers working in the real estate field that would like to give me some advice or share some stories? Quote Link to comment Share on other sites More sharing options...
ego maniac Posted February 22, 2006 Share Posted February 22, 2006 ughhhhh.... hello refuckingtard.... REI firm..... Ya heard.... Quote Link to comment Share on other sites More sharing options...
hungoverseas Posted February 22, 2006 Share Posted February 22, 2006 i have a friend who went to a semester of college, dropped out, got into real estate, and now he's in charge of an entire office for a pretty large company around here. he's 21. i guess he has to make a pretty serious commute, but the kid is making bank. my mom is a realtor as well. she seems to do alright. it's a real hit or miss field though. a lot of realtors are broke. Quote Link to comment Share on other sites More sharing options...
!@#$% Posted February 22, 2006 Share Posted February 22, 2006 i bought a house recently and i think the nationwide housing market is kinda about to bust maybe not the best time to be expecting good commissions? Quote Link to comment Share on other sites More sharing options...
GamblersGrin Posted February 22, 2006 Share Posted February 22, 2006 ive a friend who does real estate. she has a nice house with her husband and two kids. i was over last week drankin it up and she sold a house on the phone. if you dont want them regular hours but must be a people person and be willing to kinda go show a house in an hour regardless of what you are doing, then try it out. she likes it. Quote Link to comment Share on other sites More sharing options...
fuck muni Posted February 22, 2006 Share Posted February 22, 2006 i knew some kid who never went to college, got into real estate in san diego and fools a millionaire nows, drives a porsche turbo and a m3, hes a bitch tho but he makes alottttaa bank Quote Link to comment Share on other sites More sharing options...
Herbivore Posted February 22, 2006 Share Posted February 22, 2006 I work in the mortgage industry, and I can tell you now is definitely not the time to get into any sort or profession dealing with the buying/selling of houses. Quote Link to comment Share on other sites More sharing options...
isor357 Posted February 22, 2006 Share Posted February 22, 2006 i want to buy 2 family flats in college towns or trendy neighborhoods. Figure the building will cost 300,000. Charge 750 per month for each. Thats 1500 per month 18,000 per year... subtract 3000 per year for repairs (probably an overestimation) Thats 75,000 in 5 years The house is payed off in 20 years. Payed off by other people. 750 is reasonalby cheap too. Put in some marble countertops wood trim, hardwood floors, a jet tub, track lighting. You are talking more like 1000 plus. You could probably get some govt loans to get started. You would also need some considerable money of your own Quote Link to comment Share on other sites More sharing options...
isor357 Posted February 22, 2006 Share Posted February 22, 2006 Thats in Detroit Its all relative though. In New York or Ca the same property is going to fetch 2500 per month Quote Link to comment Share on other sites More sharing options...
nomadawhat Posted February 22, 2006 Share Posted February 22, 2006 Isor knows the deal... buy properties that others are going to, at least, help you pay off. The markets are slowing down... a bust may not necessarily happen but things are cooling off considerably. Especially in Cali. not to mention the state is saturated with realators. I'm looking more into owning investment properties and/or flipping houses. (buying, fixing up, selling). I like more being involved in the physical part, the demo, the design, the renovations. This allows you to also 'stick and move' with up and coming/hot markets. THat side definitely takes a lot of dedication also, and expect a whole lot of stress and frustration... but if it was too easy, everyone would do it. THe plan is to buy places, fix them up, sell and use a tax deferred trasnfer (1031) of the profits to buy another place, possibly in a completely different market. rinse. repeat as necessary. Quote Link to comment Share on other sites More sharing options...
count chocula Posted February 22, 2006 Share Posted February 22, 2006 i get down in the field it's a very valuable thing to know. in my opinion, loans are where it's at. however, you must posess THE most important quality... ...hustle. without it- u might as well stack burgers. i see people come thru all the time with high hopes, and they give up in a matter of a month due to the amount of work. it takes a lot to get something funded, but well worth it in the end. vroom vroooooom. Quote Link to comment Share on other sites More sharing options...
Tyler Durden Posted February 22, 2006 Share Posted February 22, 2006 Now is not the time. To get into real estate. You will not do well. Quote Link to comment Share on other sites More sharing options...
count chocula Posted February 22, 2006 Share Posted February 22, 2006 by the way... ...anyone looking to re-fi? or a purchase possibly?? Quote Link to comment Share on other sites More sharing options...
Gat Bush Posted February 22, 2006 Share Posted February 22, 2006 Originally posted by isor357@Feb 22 2006, 11:58 AM Thats in Detroit Its all relative though. In New York or Ca the same property is going to fetch 2500 per month Quoted post and cost millions to purchase. LENS is this career shift because of that milf bitch? Post naked flciks. Quote Link to comment Share on other sites More sharing options...
count chocula Posted February 22, 2006 Share Posted February 22, 2006 Originally posted by Shark Hammil@Feb 22 2006, 01:20 PM Now is not the time. To get into real estate. You will not do well. Quoted post cough*bullshit*cough depends what u'r doing. Quote Link to comment Share on other sites More sharing options...
Some1 Posted February 22, 2006 Share Posted February 22, 2006 CT is pretty high too fucking sucks that price of living has gone up but not the wages... i have been wanting to move out for 2years and i have been working full time and cant sucks.. being at the bottom of the barrel sucks hopefully after my first couple semesters in college i can get some aid and move the fuck out... Quote Link to comment Share on other sites More sharing options...
Tyler Durden Posted February 22, 2006 Share Posted February 22, 2006 Originally posted by count chocula+Feb 22 2006, 01:22 PM--><div class='quotetop'>QUOTE (count chocula - Feb 22 2006, 01:22 PM)</div><div class='quotemain'><!--QuoteBegin-Shark Hammil@Feb 22 2006, 01:20 PM Now is not the time. To get into real estate. You will not do well. Quoted post cough*bullshit*cough depends what u'r doing. Quoted post [/b] Now, shut the fuck up. It was for the haikus sake. Die die die die die. Quote Link to comment Share on other sites More sharing options...
count chocula Posted February 22, 2006 Share Posted February 22, 2006 "butthurt" Quote Link to comment Share on other sites More sharing options...
ego maniac Posted February 22, 2006 Share Posted February 22, 2006 If yer goin to get into Real Estate.... It should be investments.... $$$$ dolla dolla bills... uhm... ya'll Quote Link to comment Share on other sites More sharing options...
Mainter Posted February 22, 2006 Share Posted February 22, 2006 its to late to get into the field you should have got into it 2 years ago Quote Link to comment Share on other sites More sharing options...
bobthedestroyer Posted February 22, 2006 Share Posted February 22, 2006 Real Estate is really tough... you hardly make any money untill you get seasoned and you have a very wide customer base. I'd say a better shot at making good money is being a car salesman... If you're good at hustlin people... 6 figure potential within 3 years If you must, hook up with the internet ASAP... get hired by a major realtor... then you can start stealing other people's business by accepting less comission... Quote Link to comment Share on other sites More sharing options...
Gunm Posted February 22, 2006 Author Share Posted February 22, 2006 Originally posted by Gat:Bush+Feb 22 2006, 06:21 PM--><div class='quotetop'>QUOTE (Gat:Bush - Feb 22 2006, 06:21 PM)</div><div class='quotemain'><!--QuoteBegin-isor357@Feb 22 2006, 11:58 AM Thats in Detroit Its all relative though. In New York or Ca the same property is going to fetch 2500 per month Quoted post and cost millions to purchase. LENS is this career shift because of that milf bitch? Post naked flciks. Quoted post [/b] ha ha, what milf bitch? Tease is the one who nailed the milf...not me! Naw, the career shift is because I am sick of these fucking 9-5 jobs I have been doing for the last 7 years. I bust my ass off for these employers and I get the same money. I realize things may be lean for a while if i opt to go this route but I am willing to take the risk and live life the way i want to. i don't want to work for the next ten years in a poor dad mindset. Quote Link to comment Share on other sites More sharing options...
grc Posted February 22, 2006 Share Posted February 22, 2006 real estate? why the urge? Quote Link to comment Share on other sites More sharing options...
Future Droid Posted February 22, 2006 Share Posted February 22, 2006 look for a "dotcomish" burst of the bubble in this market real soon. also shits gonna hit the fan with all these refinances goin on. buy some nanotech stocks Quote Link to comment Share on other sites More sharing options...
Gunm Posted February 22, 2006 Author Share Posted February 22, 2006 Originally posted by grc@Feb 22 2006, 08:27 PM real estate? why the urge? Quoted post Good commission, I get out of it what i put into it, I already have a lot of friends in the field that can help me out, tired of 9-5 bullshit and my crappy commute every morning I am going to do my research and get into a niche of the real estate industry that won't take as bad of a hit when things supposedly "burst" Quote Link to comment Share on other sites More sharing options...
1988 Posted February 22, 2006 Share Posted February 22, 2006 Get on this bitches team... And try to fuck if possible! I got inside connects if you need em... Hit me! AMW Homes... Holmes! Quote Link to comment Share on other sites More sharing options...
Gunm Posted February 22, 2006 Author Share Posted February 22, 2006 Originally posted by 1988@Feb 22 2006, 09:27 PM Get on this bitches team... And try to fuck if possible! I got inside connects if you need em... Hit me! AMW Homes... Holmes! Quoted post hey man, it would be most appreciated...Imma call you later tonight then. Ha ha, try to fuck 88? I already have a cute girl for that. Quote Link to comment Share on other sites More sharing options...
count chocula Posted February 22, 2006 Share Posted February 22, 2006 it's not like everyones equity is gonna vanish. and re-fi's will probably go up when the "bubble" bursts - people wont be getting the rates they want, but the property will at least hold value. Quote Link to comment Share on other sites More sharing options...
SteveAustin Posted February 22, 2006 Share Posted February 22, 2006 house flippin gets the big thumbs up from me. it really helps if you know what's hot in your area and what's a good deal. edit: also doesn't hurt if you have real estate appraisal connections. ;) Quote Link to comment Share on other sites More sharing options...
Gunm Posted February 22, 2006 Author Share Posted February 22, 2006 Nice, nice, so far, lotsa good stuff from people, all is appreciated by the good Lens Quote Link to comment Share on other sites More sharing options...
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