Investor · Orlando, FL · Member since 2020 · 2 posts · 0 votes
Hello BP Family! I am have been learning about REI for about a year now while saving as much money as I can. For the past few months I have become more diligent as the days pass but due to the pandemic it is harder to get to know people who are in the business. Are there any part-time jobs that can "justify" those interactions and at the same give me hands-on experience? I am currently a full-time nurse which can allow a lot of time for another job. Thank you in advance!
Rental Property Investor · Lawrence, MA · Member since 2020 · 252 posts · 153 votes
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Do you have any experience when it comes to construction or electricity or plumbing? That can help and maybe if you can talk to a property manager where you are from also can help. Do you a friend that knows anyone in construction or that they own a house, and have an interview. Also start doing your homework in looking at properties and analyze them with the Rent Estimator that BP has. It is a great tool that you can trust. Hope this helps!
The first job that comes to mind is being a transaction coordinator for a local Real Estate Agent or multiple agents in your area. You'll become very familiar with the process of buying and selling in your local market as you'll help keep the transaction flowing once a property is under contract, but more importantly, you'll also be connected to Real Estate Agents who can keep you informed on good deals or awesome off market deals. The job can help you stay in the mix and in the know.
I am also a nurse, but have not found a "part time job" in real estate in order to network. I agree that as a nurse, we have a decent amount of time to dedicate to a part time job; but here is my opinion.
As a nurse, our Hourly Rate is usually going to be higher than most "part-time jobs" that we would get. So from at money standpoint, you are probably better off in picking up OT. So from a money vs time standpoint, I would say work some OT and just continue reaching out to people on BP, going to meet ups, and reaching out to get those connections. Most people are still willing to meet for lunch or at the very lest take a phone call.
Now I will say that education does have a high value. So if you are willing to trade your normal hourly wage for $10-15/hr while getting some great education and networking experience, that that's totally worth it, jut make sure you link up with the right person that will make the education/mentoring part worth it. But I agree with @Maria Bakaj. Assisting a great agent may be beneficial. Other side jobs I have considered have been Notary, inspector or appraiser. But again, I have found it more valuable to earn more money at what i am already good at, then just find ways to network.