I'm Thinking About Becoming A Loan Officer.......

[TheSouthrnGent]

Thanks for the insight fam...plan on starting my classes in around February or March. Never thought about the commercial properties. Great info.

 

[blakfyahking]

sion just gassed the t/s all the way up

commercial real estate is fucked right now.............that is the main thing looming over the real estate market besides all these forclosures on the family home side

I'd say get in now on the slick, get a little experience and develop some contacts.........but don't put all your eggs in one basket

cause even though home prices will be cheaper, foreclosures are the easiest sales cause they tend to be the cheapest................however, the people with the best credit who can qualify generally will get a new home built like I did

another thing is tax cuts are still on the table, mofos don't know if they are going to get rid of the mortgage interest deduction you can use on your taxes.............getting rid of that deduction will influence those lower tier buyers that you will be able to make most of your money from

so get in and do it as a part-time gig, but understand real-estate is going to drag like a mofo for the next couple of years

 

[TheSouthrnGent]

Wow....I'm gonna look into what u said fam. Thanks for the info.

 

[konceptjones]

I just got back into the mortgage biz after 5.5 years out of it. Just got my copy of Point in the mail yesterday and it's loaded up on my laptop and I have a grip of leads already.

I'mma get my feet wet again, then when I'm more adjusted to this climate I'mma start hittin up commercial deals to see if I can build that way. Commercial lending rules are a lot different than home lending, you can do deals for over $10M easily.

Right now is a good time to do it, but take your time to learn the biz thoroughly.