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I'm really interested in real estate investment. I would love to do it full time but just had a question about getting started.
I live in Los Angeles and was wondering if I should attend UCLA Extension or just get an advisor? I met with an advisor a couple months ago. He was very knowledgable and has been working in real estate for over 30 years. He has a very high position at a top real estate company. He agreed to help me find an accountant and a lawyer.
So I was wondering what your opinions were? Take a course (I would find an advisor after the course anyway) or just skip the course and hire the advisor now to get started?
I've always believed that someone teaching you 1-1 (whether it be being advised or an internship) is better than taking a class since you'll learn a lot more in that 1-1 setting.
First lesson: Don't confuse RE investing with landlording.
Landlording is a JOB that requires a willingness to work.
Few people with good jobs can justify the time even if they have the skills.
First lesson: Don't confuse RE investing with landlording.
Landlording is a JOB that requires a willingness to work.
Few people with good jobs can justify the time even if they have the skills.
I live in Los Angeles and was wondering if I should attend UCLA Extension or just get an advisor? I met with an advisor a couple months ago. He was very knowledgable and has been working in real estate for over 30 years. He has a very high position at a top real estate company. He agreed to help me find an accountant and a lawyer...
I live in Los Angeles and was wondering if I should attend UCLA Extension or just get an advisor? I met with an advisor a couple months ago. He was very knowledgable and has been working in real estate for over 30 years. He has a very high position at a top real estate company. He agreed to help me find an accountant and a lawyer...
First lesson: Don't confuse RE investing with landlording.
Landlording is a JOB that requires a willingness to work.
Few people with good jobs can justify the time even if they have the skills.
No truer words have ever been spoken about that aspect of the business.
I'm really interested in real estate investment. I would love to do it full time but just had a question about getting started.
I live in Los Angeles and was wondering if I should attend UCLA Extension or just get an advisor? I met with an advisor a couple months ago. He was very knowledgable and has been working in real estate for over 30 years. He has a very high position at a top real estate company. He agreed to help me find an accountant and a lawyer.
So I was wondering what your opinions were? Take a course (I would find an advisor after the course anyway) or just skip the course and hire the advisor now to get started?
I've always believed that someone teaching you 1-1 (whether it be being advised or an internship) is better than taking a class since you'll learn a lot more in that 1-1 setting.
In your case I wouldn't think it would make much difference. If I read between the lines properly, you are going to learn it one way or the other, so if you take a class you'll be able to filter out the nonsense.
I don't know how it works into your life, but a career with a commercial real estate sales firm may be a way for you to combine learning, earning, and exposure to your chosen field. Commercial real estate. Not residential.
First lesson: Don't confuse RE investing with landlording.
Landlording is a JOB that requires a willingness to work.
Few people with good jobs can justify the time even if they have the skills.
Most people don't have the discipline needed to do it. I remember months without a day off. We would also work the night shift, grab a nap, and go work on a property on our days off. It was difficult at best. Even more so if you have kids. It amazes me the people that want to do this without thinking it through. I have a friend that took money out of her 401K to the tune of 20k to attend some well known personalities seminar's about flipping properties. I'm sure he's laughing all the way to the bank. I think she's a moron for doing that in the first place. If it were easy we'd all be rich wouldn't we. OP just go into it with your eyes wide open. A lot of people have lost everything as well. Do your homework.
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Most people don't have the discipline needed to do it. I remember months without a day off. We would also work the night shift, grab a nap, and go work on a property on our days off. It was difficult at best. Even more so if you have kids. It amazes me the people that want to do this without thinking it through. I have a friend that took money out of her 401K to the tune of 20k to attend some well known personalities seminar's about flipping properties. I'm sure he's laughing all the way to the bank. I think she's a moron for doing that in the first place. If it were easy we'd all be rich wouldn't we. OP just go into it with your eyes wide open. A lot of people have lost everything as well. Do your homework.
