Part-time Real Estate Agent

[Sid Siddig]

Hello, I am new to RE investing and Bigger Pockets.

Currently I am a senior at Howard University School of Architecture in DC. I will graduate in May 2017 and my career goal is to become a residential developer of both single-family and multi-family.

I am looking at how I can raise capital for my first deal(s). I intend to work full-time after graduation but I am also considering working as a real estate agent on nights and weekends.

My question is about working hours. Can I successfully work nights and weekends as an agent? I'm looking to at least raise the down payment for an FHA backed duplex from working as a part-time real estate agent. Thoughts?

Thanks!

[Russell Brazil]

Being a part time agent is hard. I was a part time agent for 10 years before becoming a full time agent. I think being a part time agent is a good way to slowly learn the industry, but I'm not sure it's he best sort of side hustle to save money for a down payment on a house. being an agent is more akin to running a business opposed to having a job. As a business this means you have overhead. I tell new agents to expect to spend at least $10,000 on business overhead in year 1. 

So if your primary motivation is as a side hustle to save money, I think there are better routes to go.