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Originally Posted by El Pilot
(Post 1048690)
My dad use to do that to pay the holiday bills. Puts extra wear and tear on the car and is not worth the pay or time.
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I obtained my mortgage broker license, the required course was about $500, and took 3 days (8hrs/day). The test was a bit tough, but I also had no background to draw from. By the time I was "all-in" I had invested about $1000-$1100. I made $1500 on my first loan alone.
It works out nice, as most all of the work can be completed remotely so I can work while sitting at an FBO. |
Originally Posted by Scooter74
(Post 2165405)
I obtained my mortgage broker license, the required course was about $500, and took 3 days (8hrs/day). The test was a bit tough, but I also had no background to draw from. By the time I was "all-in" I had invested about $1000-$1100. I made $1500 on my first loan alone.
It works out nice, as most all of the work can be completed remotely so I can work while sitting at an FBO. |
Well, let me give this a shot....
Yes and no to state specific. There are something like 40 of 50 (57 for Obama) states that are under the "UST" test. That means one test covers them all, and you just need to state specific "differences" testing to get licensed in a different state. That said, the broker you work for (similar to realator, you need to work for and be sponsored by someone to get the actual Mortgage Loan Originator (MLO) license for the first 3 years.) would need a presence in the additional states. I have been trying to keep things slow until I fully understand and can move quickly through the process. I only take on 1 to 2 loans at a time so that I dont overwhelm myself and lose the respect of the client (very much a word of mouth business). Most everything can be done remtely so you dont need to be at home to follow up, or send paperwork etc. There is a continuing ed requirement; 8hrs/yr, though it can be done through online coursework. ($60 is what I paid ). |
I'm assuming most regional contracts don't allow for flight instructing on days off?
Also, does anyone drive for Uber/Lyft for extra cash? I will be taking about a 2/3 pay cut to fly at a regional for the first couple of years, would be nice to increase the cushion a bit. |
Originally Posted by banana380
(Post 2170715)
Also, does anyone drive for Uber/Lyft for extra cash?
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Originally Posted by banana380
(Post 2170715)
I'm assuming most regional contracts don't allow for flight instructing on days off?.
I do NOT endorse or condone this action, but I have known guys to instruct against their companies wishes. To prevent paper trail he would write up flight instruction on two separate invoices. 1 would appear to be an aircraft rental, and the other would appear to be ground instruction. |
Originally Posted by Walkeraviator
(Post 2170813)
You are correct. You are limited in hours you can fly for compensation and the airline wants every single minute of it flown for them.
I do NOT endorse or condone this action, but I have known guys to instruct against their companies wishes. To prevent paper trail he would write up flight instruction on two separate invoices. 1 would appear to be an aircraft rental, and the other would appear to be ground instruction. |
Originally Posted by Yoda2
(Post 2170840)
That tact wouldn't necessarily preclude a paper trail if someone became suspicious and did some poking around. One of the best [dumbest] ideas I've heard came from an FAA inspector years ago. An applicant scheduled an ATP Exam with this inspector. The inspector became suspicious after meeting the applicant and reviewing his logbook. The inspector took the logbook to a computer and started entering registration/N numbers. The inspector quickly discovered that a large majority of the aircraft the applicant claimed flight time in had crashed! It turned out, this applicant had taken a tour of an aircraft salvage/impound yard and copied down a bunch of N numbers somehow thinking this would be a safe bet... End of Exam, and then some...
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