In order to get real estate license in Texas, you are required to take 6 courses, each about 30 hours of work. These courses are:
Principles of Real Estate 1
Principles of Real Estate 2
Law of Agency
Law of Contracts
Real Estate Finance
I have taken Principles of Real Estate 1 & 2, and today I will take final exam for Law of Agency.
These courses are actually very informative. In fact, I think anyone buying or selling their home would benefit from these courses.
While real estate agent is supposed to educate their clients on their rights and duties, ours did not do that good of a job. There is option period to get out of the contract. Clients can fire their agent if they feel agent is not doing a good job. Of course, if they end up buying a house that the agent had shown them, then they still owe him commission.
But most importantly we had no idea about fiduciary duties. We treated our agent like a used cars salesman and assumed that he was only looking out for his commission. Legally, Real Estate agents are required to place their clients interests above their own. And if they don’t, law is usually on client’s side. In fact, being a real estate agent exposes you to constant threat of lawsuits. So agents are incentivized to look after their client’s interests. Had we known this, we would have had more open and honest discussions with our agent.
Anyways, I am taking these courses with Aceable Agent. I like their phone app, it makes really easy to study anywhere, anytime. Other schools didn’t mention anything about their apps, though Champions school seems to be highly recommended too.
I have been programmer for over 15 years. I dreamed about my own startup or at least simple enough side projects. But having a day job where I am programming or dealing with technical issues leave me with no desire to sit in front of computer at home.
Also I enjoy programming when I am deeply focused or in the zone. But in an office environment that is rarely achieved. There are constant interruptions.
Earlier this year, I decided to start swing trading and buying options. It was a bit different from programming. I subscribed to paper version of Barron’s, so I am not doing my research on screen. Since Barron’s is a weekly paper, I would skim through over weekend. Place my trades in the evenings or whenever and they are executed when market opens.
The problem started when I installed Yahoo Finance and various app on my phone to constantly track stock movements. And then I mostly lost money trading stocks.
I made some money trading options, in fact, I made enough money in options to recover my losses in swing trading. I continue to trade options and leave TastyTrade play in background but rate of return on it is barely above buy and hold strategies.
So this bring me to Real Estate.
It seems Real Estate investing might be a good side project for the evenings. The way I see is that first step is to drive around and look for neighborhoods where you want to buy a property. Sure there will be some online searches too. Once you find a property, then comes the fun part. I am thinking about flipping properties. So there will be some work done to property after purchase. Of course, we will need to hire professionals but I can do some work on it too. It would be nice break from sitting.
Well hard part might be making actual profit.
Then I am also working on getting real estate license, so that I can save money on commision. But I can also help people find new homes or apartments. Again this means going out to meet clients and showing them various homes. This probably will serve dual purposes as I will get to learn more about real estate market and be able to find neighborhoods to buy properties in.
In May 2012 I made a commitment that changed my career: A simple task, completed every day, that skyrocketed my blog and allowed me to make over $30,000 in 6 weeks. Ready?Here is the exact commitment I made:“I will write 1,000 words every day.”I tracked my progress in Commit, a