Advice On Getting A Job In Banking

3 Replies

Hello all -

My current non-RE related job is probably going to end in about 6-8 months and I'm trying to think through options on whether to do REI full time or if I should get a job in the real estate industry for a while so my family is not 100% reliant on investment income to pay the bills. I would like to be able to reinvest some of that money anyway. My wife is thinking about becoming an agent, but from what I hear banks will not take her job as an agent into account for a loan for atleast 2 years.

What are my options as far as a job in the RE industry?  Could I pull a @Brandon Turner and spend a year or two as a loan officer just so one of us has a W2 job?

P.S. - I have a B.S. in Political Science, not exactly a degree in real estate...

Thanks!

Working as a Loan officer for a bank might be the way to go for you. or as @Carlos Rovira has said a mortgage processor. Either will get you a W2 job while learning the lending side of RE. Personally I started as a cold caller but that was when I was 16 and did not have a family to take care of. I also had an "in" due to my cousin working as a broker for the company. So I moved up quickly by shadowing him on my days and times off. 

Sounds good!  So either of those spots can be had without a financial background or degree in a financial field?