Posted by Marcus on April 13, 2004 at 07:56:43:
I would eliminate options 2-4. I don’t think you’d learn alot doing those jobs. You could do number 1, and if you do, make sure you are partnered up with a real DEALMAKER who has been in this business for a while. And, I wouldn’t go out pounding the streets with flyers. I would learn how to work the courthouse research angle, and possibly get your dealmaker partner to pay for postage for mailings to a couple different categories of people: (1) landlords who have filed for eviction recently on their tenants, (2) people with judgments against them, (3) lis pendens that have real estate attached to them, (4) properties facing foreclosure. Finally, if you become a birddog, get at least $1000 per deal, and once you’ve done 1 or 2 of those with your dealmaker, ask him/her to start walking you through the transactions so that you can learn yourself. Your 5th option could be good too, because you would really learn about the courthouse research angle. But you can simply pay a title examiner $100 to work with you for a few hours at your local courthouse, and teach you how to do the research. Your final options of being a mortgage broker or a RE agent would be great, but I don’t think they would put immedate cash in your pocket. The key is to have some source of income, even if minimal, so that you can have a small marketing budget. Good luck.