I'm currently working in the finance department of a fortune 500 company and am just starting out in real estate investing on the side. I've been told that one of the best ways to start out and learn about REI is to study and become a licensed agent. I'm about 3/4 of the way through pre-licensing courses and am learning a ton of relevant information. I am looking to start investing through buy-and-hold properties and eventually have enough passive income to be able to quit my job and work as a full time investor.
I am currently looking to switch jobs and begin working in a real-estate-related position to gain knowledge and comfortability in the real estate field while at the same time maintaining a decent W-2 so that I can eventually (long-run) invest full time.
My question for BP is: What do full time RE investors such as yourselves believe would be the best possible first job in the industry to eventually end up as a full time residential investor?
I have heard many people say that the best first job would be a residential sales agent, which I'm not ruling out. I'm also very interested in working in the commercial industry, but am not sure if its the best move with my end goal.
Other options that I have applied for and are interested in include:
Commercial RE Associate
Commercial RE Business Analyst
Commercial RE Financial Analyst
Commercial Mortgage Broker
Bookkeeper Administrative Assistant
Property/Assistant Property Manager
Property Management Accountant
Assistant to RE Agent
Mortgage Loan Processor
I have a B.S. in financial services and a background in accounting/finance, so I am leaning towards landing a Financial Analyst or Accountant position at a commercial RE company.
Any thoughts or reasons why I should aim for certain positions are appreciated.
Any of those positions you have listed, as long as you are being supervised by an experienced professional in that field. don't matter, how much "Book Sense" you have obtained, the experience will be your best teacher. Can't do that, Broker job anyway, until you have worked with a Broker. that's for a year here in Louisiana.
A good W2 and a job that you don't completely love.
Leverage the W2 and put you energy into getting out of the rat race, studying, being a student and working half days... 12 hours a day.
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