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debbieN 05-13-2006 12:46 PM

Update - things to do other than porn
 
First, thanks to all for your encouragement on my state tests.

Passed and now am registered as a residential contractor for Manatee and Sarasota counties. Both city and county regulations are difficult to understand until you have actually gone through the process.

Passed my real estate test. one must go through a state certified 63 hour course and pass all the preliminary tests by 100% (out of the 10+ short tests I had to take several over - I tend to think to hard about the possibilities of each questions sometimes). One more final preliminary test and you have to pass by 75%. State test is also 75%. If anyone attempt this make sure your apply to the state for your testing schedule before you start the prelim course. It takes the state a month to process your application and set your test appointment. If you do this early you will not forget much and pass the test with less stress.

Once you get your "inactive status" you must get a job (part or full time) with a real estate agency. You then will have a sales associate license (it used to be call a real estate license). After you work for a certified real estate company for a year you can then get your brokers license. This is key because you can then broker and sell land on your own without paying half of your commission to the business that you work for.

I have to take a break and then I will tell you what I am planning.

ciao.

:winkwink:

RayBonga 05-13-2006 12:47 PM

Congrats man :thumbsup

czarina 05-13-2006 12:48 PM

congratulations! I hope that you are very successful and make tons of money, but don't abandon porn altogether, it's always a good income on the side, even if you're concentrating on your new career.

czarina 05-13-2006 12:48 PM

by the way, I just realized who you are... I submit to you :)

pornguy 05-13-2006 12:49 PM

Congrats, Now finish off the rest of it, and make some real coin.

debbieN 05-13-2006 12:56 PM

I will start a new post for my real estate development plans.

madawgz 05-13-2006 01:55 PM

congratzzz! :)

Spunky 05-13-2006 01:55 PM

Congrats Debbie,hope you do well

clickclickclick 05-13-2006 02:01 PM

are u into the development scene as well?

debbieN 05-13-2006 02:08 PM

I started another post to address this, but.

I decided to start with only looking for vacant unimproved land and getting it rezoned for single family homes (10 acres or smaller). Then performing the minimum site development for other small contractors to purchase for custom homes or speculation projects.

this way I will get my investment and profit out of the venture quickly and not have to deal with the public and all the problems and delay involved.

research, cost analysis, purchase (option if possible), sell to contractors, and then on to the next project.

I am trying to double my investment with each set of deals.

LittleSassy 05-13-2006 02:13 PM

congrats!! that's quite an accomplishment:winkwink:

clickclickclick 05-13-2006 02:19 PM

nice
that is a great way of going, flipping land. dont hold it for too long tho ;)

debbieN 05-13-2006 02:26 PM

I am also learning that if you can not put up the 20%+ of the unfinanced purchase price you can use some creative methods.

work out an option deal with the land owner. During your option period get contractors to offer letters of intent (if you can get 25-40% more offers than you have property then use your real estate lawyer or other business contacts to provide the additional fund and become limited partners (negotiate the highend cap on the return).


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