AskBP

#AskBP 066: What Are Some Real Estate Related Jobs I Could Do While Waiting to Invest?

Expertise: Landlording & Rental Properties, Personal Development, Real Estate News & Commentary, Business Management, Flipping Houses, Mortgages & Creative Financing, Real Estate Deal Analysis & Advice, Real Estate Wholesaling, Personal Finance, Real Estate Marketing, AskBP, Real Estate Investing Basics
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What Are Some Real Estate Related Jobs I Could Do While Waiting to Invest?

One of the pieces of advice heard so often on the BiggerPockets Podcast is to work in the real estate industry while learning (and saving up cash) to invest in real estate. On this episode of the #AskBP Podcast, Brandon shares the top jobs that you could do to make money while getting your foot in the real estate door. Stay tuned!

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Brandon Turner is an active real estate investor, entrepreneur, writer, and co-host of the BiggerPockets Podcast. He began buying rental properties and flipping houses at age 21, discovering he didn’t need to work 40 years at a corporate job to have “the good life.” Today, with nearly 100 rental units and dozens of rehabs under his belt, he continues to invest in real estate while also showing others the power, and impact, of financial freedom. His writings have been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media. He is the author of The Book on Investing in Real Estate with No (and Low) Money Down, The Book on Rental Property Investing, and co-author of The Book on Managing Rental Properties, which he wrote alongside his wife, Heather, and How to Invest in Real Estate, which he wrote alongside Joshua Dorkin. A life-long adventurer, Brandon (along with Heather and daughter Rosie) splits his time between his home in Washington State and various destinations around the globe.

    David Krulac from Mechanicsburg, Pennsylvania
    Replied over 4 years ago
    I learned how to do title searches, it was a great help work on properties that had title problems that most people avoided. Another thing I learned was soil testing and perk testing. I got a state license and was able to use that information to do land subdivision and development. In addition, I came across properties that had failed perk tests that I was able to re-test and get the property to pass the perk test. The price of failed perk properties is about 10 cents on the dollar, so this is a great value enhancing technique. David Krulac
    Patrick Desjardins Real Estate Investor from Amherst, Virginia
    Replied over 4 years ago
    The real estate agent path isn’t the quickest because you’re a self-employed independent contractor and getting financing is much tougher. It is a pretty good way to learn the market and develop a network though. If you’re looking to invest within 2 years and plan to get bank financing then I’d suggest getting a W2 job. If you plan on using creative financing then no worries, be an agent.
    Tom
    Replied over 4 years ago
    Any thoughts on providing CAD renditions of a floor plan for other investors? I’ve done these for many of my projects, from new construction, remodels, new patios, flips, etc.