Day 2 - Real Estate License.

1. Real Estate License.

The first money path on my list towards finding independence is a Realtor License. I am going to list the pros and cons of this method not as a general list but one that pertains to me and how I might succeed in it. Through out the six day process of examining these different ways of making money I will allow myself to come back and revisit the lists, however on the seven day I will make my choice and begin. There is always a danger in examining and never committing to action on a plan. So in seven days the plan with be chosen. The goal process I am using is a bunch of stuff I have found for free on the net , like, some neat old films from Napoleon Hill on U tube, the free section of Don Campbell's real estate investing web site, Google search on how to set goals,talking to people in the industry to see if I could be a good fit and any thing that strikes me as cool on the net for free that helps me think it through. I am open to buying systems or product to help me in succeeding however at this point I feel I need to choose the target before I invest capital in buying the right kind of bow.

Real Estate License.
Pros
1. Potential for good money after a couple of years. ( 60,000 to 100,000)
2. Some Brokers allow for a passive income in recruiting more agents.
3. Allows movement into rental properties with the idea of using commissions to help with down payment, again providing passive income. Though this might be considered a path to real estate investment which is an other path itself on the list.
4. I like houses and have in my time owned and flipped a couple that I had lived in.
5. I am pretty good at talking with strangers and have no fear of public speaking.
6. I should lease a nicer car say a Jag which would achieve an other fun goal by the very nature of the business. (Your car is your office, client support system and your image, it is not just a fancy car for no reason.)
7. I would be my own boss mostly which is something I am not only comfortable with, I am used to it.
8. I love researching both by reading anything I can get and in the field driving.
9. The inventory doesn't spoil and you aren't required to carry any though it would be best if you did.

Cons
1. It will cost around 10,000 to get training, licensed, and have enough capital to take a swing at it and I am broke. (at least 3/4 of a year before I can take the course)
2. It requires huge amount of time to build your network and time to do the job. I would be looking at 50 to 60 hour work weeks for the first three to five years minimum.
3. Though there is some freedom in schedule you are tied to your clients time and your family and you must come second to a sale.
4. Potential expenses swings in advertising and servicing a client who doesn't buy.
5. Discount brokers.
6. New tougher mortgage rules.
7. Higher mortgage rate coming with a higher down payment.
8. Acting would have to come second and likely put on hold (something I might have to do most of the ideas).
9. It will require me to be more organized and paperwork detailed. (some thing they all will require)

I think this idea has tons of potential and have already talked to friends who are real estate agents and several local brokers. I am at the point here though where if it is my choice I need to find some funds and get training before they can help me any further.
Feel free to comment or give advice because I am looking for any and all suggestions.