Real Estate School - May have just avoided a mistake

[LiveFire]

Last week, I had decided that I would try to open up new opportunities by going to Real Estate School so that I could learn more about Real Estate.

This evening was the first class. I didn't know what to expect until:

• Upon receiving the 560 page book of Modern Real Estate Practice.
• A thick note book full of contracts/forms.
• Requirement to successfully complete the Pre-Licensing 60 hour course with Letter of Completion (pre-req to taking the actual Exam)
• Eventually a 30 hour course for New Affiliates.
• Successfully pass the state and national exam.

I sat in a daze for a moment as the information was being shared. The class is getting ready to start. In my gut, something was not right. My intention was not to become a Real Estate Agent. I don't need a second job to work for someone else. I am trying to build a plan to get away from that, not do the same plan in a different industry.

As the class was getting ready to start, I knew the window was closing by having any chance of getting a refund back. I jumped up instantly as the Instructor walked down the isle to the front. I went to the back office for the refund. Thank you @ZCP for saying what you did last week to me - I was getting ready to make a mistake. I am not saying it is a mistake for someone else, I am saying it is a mistake for me.

My intention is that I want to be more of an Real Estate Investor (such as acquiring and owning rentals) to generate passive income, and eventually own the rental asset(s). New course of direction (pick up a good REI book to get the basics and start attending a local REIA?)

Thank you.

 

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[NadiaZ]

Last week, I had decided that I would try to open up new opportunities by going to Real Estate School so that I could learn more about Real Estate.

This evening was the first class. I didn't know what to expect until:

• Upon receiving the 560 page book of Modern Real Estate Practice.
• A thick note book full of contracts/forms.
• Requirement to successfully complete the Pre-Licensing 60 hour course with Letter of Completion (pre-req to taking the actual Exam)
• Eventually a 30 hour course for New Affiliates.
• Successfully pass the state and national exam.

I sat in a daze for a moment as the information was being shared. The class is getting ready to start. In my gut, something was not right. My intention was not to become a Real Estate Agent. I don't need a second job to work for someone else. I am trying to build a plan to get away from that, not do the same plan in a different industry.


As the class was getting ready to start, I knew the window was closing by having any chance of getting a refund back. I jumped up instantly as the Instructor walked down the isle to the front. I went to the back office for the refund. Thank you @ZCP for saying what you did last week to me - I was getting ready to make a mistake. I am not saying it is a mistake for someone else, I am saying it is a mistake for me.

My intention is that I want to be more of an Real Estate Investor (such as acquiring and owning rentals) to generate passive income, and eventually own the rental asset(s). New course of direction (pick up a good REI book to get the basics and start attending a local REIA?)

Thank you.

Interesting. I kind of felt the same way because I felt like so much of the Principles book is super boring.

I'm signing up to get my real estate license but I really want to become a real estate developer and work for myself. I'm studying this stuff and just taking an online class to get my license but most of the investors I know in my area are real estate brokers or have been agents in the past.

I'm pretty against useless education but a lot of the stuff they teach is just useful information about houses (like how to measure it, laws about being an agent, contracts, inspections, yada yada). It's definitely helped me learn more about real estate even though it never talks about selling the house.

Currently, I'm learning how to flip houses and I manage a couple vacation rentals as well as one house in Kansas City. I've learned a ton from that as well.

It might also help you to join a facebook group with real estate investors in your area. I live in KCMO and I'm planning on joining MAREI. Many in mine are former brokers or agents and work for themselves.

 

[LiveFire]

Also, welcome to the forum!

Interesting. I kind of felt the same way because I felt like so much of the Principles book is super boring.

I'm signing up to get my real estate license but I really want to become a real estate developer and work for myself. I'm studying this stuff and just taking an online class to get my license but most of the investors I know in my area are real estate brokers or have been agents in the past.

I'm pretty against useless education but a lot of the stuff they teach is just useful information about houses (like how to measure it, laws about being an agent, contracts, inspections, yada yada). It's definitely helped me learn more about real estate even though it never talks about selling the house.

Currently, I'm learning how to flip houses and I manage a couple vacation rentals as well as one house in Kansas City. I've learned a ton from that as well.

It might also help you to join a facebook group with real estate investors in your area. I live in KCMO and I'm planning on joining MAREI. Many in mine are former brokers or agents and work for themselves.