Looking to Become an Agent After College

[Michael Dallas]

Hey BP, I am currently in my senior year of college at the University of Memphis. It will be my last year in college, as I do not think I will go back to get a masters. It will also most likely be my last year of playing baseball here as well. I absolutely love real estate, and I already own a rental property in Alabama, where my last school was. I feel myself leaning more and more towards becoming an agent. I would like to have an active earning real estate job so that I can fund buying rental properties. I enjoy the creative and relationship aspect of being an agent. And I know people will see my passion and know I am doing well by them. As I am winding down my baseball career, what should I be doing so that when school and baseball end, I can jump right into real estate full time! Thank you to everyone that takes the time to respond. There is so much I do not yet know, but I can't wait to learn!

[Joe Norman]

In addition to some of the great advice above, I would put some serious work into your personal household budget and building up a substantial (6 month) emergency reserve fund. Income fluctuates tremendously in most 1099 real estate occupations (being a Realtor included) so having that put away will be vital to your comfort and peace of mind as you get started.

(1) figure out how your minimum monthly income needs (this may change as you move to a different city and get out of college life, so estimates are fine for now)

(2) cut out everything extra until you've put away 6 months reserves

(3) live way below your means so you have extra money to save and invest

Good luck and congratulations!