Originally Posted by
Buckeye85
....
I am broke and unemployed now, single with no family, can’t find a good job in my real estate career, so I have nothing to lose.
Unfortunately, broke and unemployed is not a good starting point for this career. I’m not sure how financing works since it would be an unsecured loan. Loans aside, how will you pay for food and housing while you’re in training if you have no savings? Realize that there is no gaurentee of any job in this industry. You could fail multiple check rides, lose your medical, get arrested for a DUI...or you could do really well and still not make it to a major. The industry could turn around due to a catastrophic event, age 67 or 70 retirement would instantly freeze all progression. If that happens while you’re in training, you might not be able to get even an entry level job or CFI job.
So yes it’s possible to pursue, but make sure you go in with your eyes open to the inherent risk of a large loan.
I’m all about career changers, but your chances of success will be much greater if you start off on solid financial footing. Get a job now, even in something other than real estate, live frugally, try to improve that job and save money. Then in a few years you might be able to make the switch.
Sorry to be a downer