Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

2,959
Posts
2,428
Votes
Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
2,428
Votes |
2,959
Posts

Considering adding "Become a RE agent" to my 4-yr plan

Nicole Heasley Beitenman
#5 Medium-Term Rentals Contributor
  • Investor
  • Youngstown, OH
Posted

I started investing in 2015 when I purchased my first primary residence in Cleveland and started renting out my spare bedrooms. I LOVE being a landlord and hope to someday become a full-time landlord through single and multi-family homes.

I started saving up in January for a down payment on my next property. My goal is $15-20k in savings and I currently have about $7,500, so I estimate I'm roughly 6 months away from being able to afford another property. The plan is to use any profit to fund the down payment of a 3rd property, and so on and so forth.

I just turned 26 in June, and when I turn 30, I'd like to move back to Youngstown, start a family, and be self-employed. I would love to have enough properties under my belt to live off of in 4 years, but it occurred to me that if I don't, I could get my license and become a RE agent as another means of making money and further ingraining myself in the field of RE. My question is this: What can I do now to start preparing for a career change? Obviously, I plan to begin networking so I can talk to agents about their experiences and find mentors. I can also do my research here on BP and elsewhere on the internet. I can learn more about the exam and licensing in my state (Ohio). But are there other things I could be doing now to make the transition smoother?

TIA!

  • Nicole Heasley Beitenman
  • Most Popular Reply

    User Stats

    2,959
    Posts
    2,428
    Votes
    Nicole Heasley Beitenman
    #5 Medium-Term Rentals Contributor
    • Investor
    • Youngstown, OH
    2,428
    Votes |
    2,959
    Posts
    Nicole Heasley Beitenman
    #5 Medium-Term Rentals Contributor
    • Investor
    • Youngstown, OH
    Replied

    @Jennifer Beadles I'd love to work with investors. I hear most agents quit within the first year because of the effort it takes to build a client base. Hopefully that number of 2 million is skewed! 

    I have a friend who is a new agent in Youngstown, and he's killing it. He's working his hump off, but it's paying off. Like me, he is VERY social, which is probably his biggest asset. 

    @Ryan Evans That's awesome. I think I see it as you do--a way to open doors for my own investing purposes while simultaneously gaining access to some helpful tools and making a few bucks along the way. Here's to hoping it pays off for both of us! 

  • Nicole Heasley Beitenman
  • Loading replies...