Updated almost 3 years ago on . Most recent reply
What are some good career choices for real estate investors
Our sailing adventure is ending in a few months. We plan on moving to a different (investor friendly) state and continue house hacking. It’s almost as if we are starting life over with the benefit of having a decent portfolio and about 150k cash.
My fiancée and I plan on getting our realtor licenses but starting out I was going to find a W2 for security and ease of underwriting.
Thought it would be fun to ask the community what career paths they recommend for investors
Most Popular Reply
W2 is less necessary if you focus some of your time on finding no-low doc / DSCR / nonQM type lenders. Just friendly FYI if you really don't want the w2 and would just do it for the sake of getting a loan. You might have known that but again just FYI.
As for careers, I had the luxury of doing a few things real estate related but not as a licensed person for years. I was in business development for a large title company for a few years and marketing for a real estate school before that.
I REALLY think if you could see yourself in lending, title, leasing, being on a realtor team, anything that gets you around a high volume of real estate transactions, it is a priceless experience. I had that good fortune and it is hard to quantify. After awhile, buying / selling property is exactly what I call it, a file, one transaction amongst many. Not like, they don’t matter, but just that, they have a process and a flow and they will get done…it becomes really invaluable when in the heat of things as a realtor to know that background and have familiarity with the behind the scenes part of real estate.