Rental Property Investor · Durham / Raleigh (Triangle), NC · Member since 2015 · 840 posts · 801 votes
6y
@Tony Marcelle - There are plenty of "Real Estate Jobs" other than Agent; however, I would also ask why NOT become an Agent? As Greg mentioned, Property Manager is one, but in my state you need to be licensed to manage properties for others - so you have to be an Agent to be a Property Manager - and I'm not sure PM is really for "Beginners". You can also be a Wholesaler, but again, why not just become an Agent? You can make the same or better money, and keep the best deals for yourself and be a Landlord.
There's a Mortgage / Loan Broker, which is not always required to be licensed in all circumstances / states. There are even affiliate arrangements for making referrals to some lenders. There is also: Transaction Coordinator; Assistant to an Agent or Investor; Photographer; Stager; Designer; etc... Maybe not for beginners, but also: Appraiser & Inspector.
Investor · Niceville, FL · Member since 2017 · 450 posts · 366 votes
6y
@Tony Marcelle I started by buying multis, before becoming an agents I actually liked it that way. But it’s amazing how much I’ve learned as an agent as well. Now I understand what those poor agents went through dealing with me! Hahhaa
@Tony Marcelle - There are plenty of "Real Estate Jobs" other than Agent; however, I would also ask why NOT become an Agent? As Greg mentioned, Property Manager is one, but in my state you need to be licensed to manage properties for others - so you have to be an Agent to be a Property Manager - and I'm not sure PM is really for "Beginners". You can also be a Wholesaler, but again, why not just become an Agent? You can make the same or better money, and keep the best deals for yourself and be a Landlord.
There's a Mortgage / Loan Broker, which is not always required to be licensed in all circumstances / states. There are even affiliate arrangements for making referrals to some lenders. There is also: Transaction Coordinator; Assistant to an Agent or Investor; Photographer; Stager; Designer; etc... Maybe not for beginners, but also: Appraiser & Inspector.
I am not against being an agent. I mean like careers to get started as a foot in the door other than just becoming an agent.
Real Estate Agent · Cleveland, OH · Member since 2019 · 359 posts · 295 votes
6y
@Tony Marcelle real estate appraiser, loan officer, or any support position for any company that has to do with real estate. I started house hacking while I was pre med but realized real estate was my dream...so I got a job as an administrative assistant for a real estate appraisal firm. I am now the business manager for that same firm, still invest in real estate, and also am a licensed agent. Go on indeed and type in real estate with your location and plenty of options will come up. Good luck!
Bessemer, AL · Member since 2014 · 581 posts · 32 votes
6y
Originally posted by @Account Closed:
@Tony Marcelle real estate appraiser, loan officer, or any support position for any company that has to do with real estate. I started house hacking while I was pre med but realized real estate was my dream...so I got a job as an administrative assistant for a real estate appraisal firm. I am now the business manager for that same firm, still invest in real estate, and also am a licensed agent. Go on indeed and type in real estate with your location and plenty of options will come up. Good luck!
I actually tried that idea searching real estate careers in Indeed. The jobs I like and want require years of work experience plus a college degree from the start with no on the job training offered. I have a bachelor's degree in accounting with zero work experience in this field. Zero work experience is a deal breaker for all employers.
Real Estate Agent · Cleveland, OH · Member since 2019 · 359 posts · 295 votes
6y
@Tony Marcelle Not all employers. My bachelor's degree is in biology lol. Accounting is far more useful in real estate than biology. I didn't say it was going to be easy, you'll have to keep trying and lower expectations on salary. With no experience and irrelevant degree, you're looking at entry level pay and positions. Plenty of real estate firms, at least in my area, do not require experience (training provided!) for administrative support jobs especially if you're interested in getting your license in the future.
Bessemer, AL · Member since 2014 · 581 posts · 32 votes
6y
Originally posted by @Account Closed:
@Tony Marcelle Not all employers. My bachelor's degree is in biology lol. Accounting is far more useful in real estate than biology. I didn't say it was going to be easy, you'll have to keep trying and lower expectations on salary. With no experience and irrelevant degree, you're looking at entry level pay and positions. Plenty of real estate firms, at least in my area, do not require experience (training provided!) for administrative support jobs especially if you're interested in getting your license in the future.
Things are a lot different down here in my area. I search for trainee and entry-level positions around here all the time and they still require at least some years of work experience. How complicated are administration positions as far as job duties? I was trying to do a two for one where I am able to put my degree to use in a job industry I am most interested in like real estate. Right now, I am stuck having to settle for jobs I am least passionate about.
Real Estate Agent · Cleveland, OH · Member since 2019 · 359 posts · 295 votes
6y
@Tony Marcelle not complicated at all! They're very easy. It does suck how unrealistic some employers are getting with job requirements in relation to pay/benefits. I wasn't passionate about where I started either as an admin assistant but I moved up quickly. When you dont have experience, you're kind of forced to take those crappy jobs you dont really care about to be able to put something on your resume.
Investor · Niceville, FL · Member since 2017 · 450 posts · 366 votes
6y
@Tony Marcelle as an agent you can transition over on your own schedule. The more hustle you have, the faster you could transition. The key is having access to training and tools to give you the flexibility to make the transition.
But hey, for under you could take the course ($200) online and get licensed. Then find a brokerage that works for you and start transitioning!
Bessemer, AL · Member since 2014 · 581 posts · 32 votes
6y
Originally posted by @Account Closed:
@Tony Marcelle not complicated at all! They're very easy. It does suck how unrealistic some employers are getting with job requirements in relation to pay/benefits. I wasn't passionate about where I started either as an admin assistant but I moved up quickly. When you dont have experience, you're kind of forced to take those crappy jobs you dont really care about to be able to put something on your resume.
I know right? That is what I been having to deal with. I just don't want to be stuck with those crappy jobs for the rest of my life. I want to move on to better opportunities.
There are a lot of investors who start as wholesalers.
I have been trying that with zero luck. Most people have said wholesaling is the hardest to achieve. You have to be extremely persistent in locating a motivated seller looking to sell their house for cheap.
@Tony Marcelle as an agent you can transition over on your own schedule. The more hustle you have, the faster you could transition. The key is having access to training and tools to give you the flexibility to make the transition.
But hey, for under you could take the course ($200) online and get licensed. Then find a brokerage that works for you and start transitioning!
How hard is it to pass the test to get licensed? How long does it take to complete the course?
Investor · Niceville, FL · Member since 2017 · 450 posts · 366 votes
6y
@Tony Marcelle your experience will differ, but since Alabama and Florida do reciprocal licensing, I'd think they're more similar to each other than other states.
For me, I worked a couple hours a day on average on the course and it took me 6 weeks exactly from start to taking the state exam. Since I was already an investor, about half the content was not new. Definitely gives an advantage over someone who'd never ventured in to real estate trying to become licensed.
@Tony Marcelle - There are plenty of "Real Estate Jobs" other than Agent; however, I would also ask why NOT become an Agent? As Greg mentioned, Property Manager is one, but in my state you need to be licensed to manage properties for others - so you have to be an Agent to be a Property Manager - and I'm not sure PM is really for "Beginners". You can also be a Wholesaler, but again, why not just become an Agent? You can make the same or better money, and keep the best deals for yourself and be a Landlord.
There's a Mortgage / Loan Broker, which is not always required to be licensed in all circumstances / states. There are even affiliate arrangements for making referrals to some lenders. There is also: Transaction Coordinator; Assistant to an Agent or Investor; Photographer; Stager; Designer; etc... Maybe not for beginners, but also: Appraiser & Inspector.
I am not against being an agent. I mean like careers to get started as a foot in the door other than just becoming an agent.
Investor · Kitchener-Waterloo, Ontario · Member since 2008 · 1k+ posts · 1k+ votes
6y
@Tony Marcelle If you want to become an investor, start with that. Don't get distracted by jobs that are only vaguely related.
You said you're having a hard time with wholesaling. How many sellers have you spoken to today? How many offers have you made this week? I recommend you speak to 100 sellers a day if you want to close a deal or more a month.
@Tony Marcelle If you want to become an investor, start with that. Don't get distracted by jobs that are only vaguely related.
You said you're having a hard time with wholesaling. How many sellers have you spoken to today? How many offers have you made this week? I recommend you speak to 100 sellers a day if you want to close a deal or more a month.
I have been doing direct mail for some time now sending hundreds and hundreds of direct mail with zero interest in my offer to buy their homes.
Don't do what everyone else is doing. Direct mail has way too much competition for someone just starting out.
What do you suggest I do to reach out to these "potential" sellers? Who should I target that no other investor is targeting for motivated sellers? Every single lead I can think of is already being targeted by other investors.
When I'm expanding into a new market for cash wholesaling I reach out to every landlord with an ad on craigslist, zillow, kijiji etc. and build up a network. This combines buyer and seller sourcing into one. When one of them raises their hand that they want to sell something, or more likely, their entire portfolio. I already have a massive list to email the deal(s) to.
I also email FSBOs every day and door knock (local) or mail (remote) MLS listed homes looking for sub2/lease option deals. Some of these people inevitably want to sell for cash and are willing to do so at a price that makes sense.
Networking with fellow investors takes a long sustained effort to see results though. So if you want to close a deal in the next 30 days I would door knock every MLS listing in the area until I found someone who needs their payments to go away.
When I'm expanding into a new market for cash wholesaling I reach out to every landlord with an ad on craigslist, zillow, kijiji etc. and build up a network. This combines buyer and seller sourcing into one. When one of them raises their hand that they want to sell something, or more likely, their entire portfolio. I already have a massive list to email the deal(s) to.
I also email FSBOs every day and door knock (local) or mail (remote) MLS listed homes looking for sub2/lease option deals. Some of these people inevitably want to sell for cash and are willing to do so at a price that makes sense.
Networking with fellow investors takes a long sustained effort to see results though. So if you want to close a deal in the next 30 days I would door knock every MLS listing in the area until I found someone who needs their payments to go away.
How does the door knocking strategy work? What do you say to these people in person? What prompted you to go that route? You are a complete stranger knocking on these people's doors. How did they react to a stranger knocking on their door looking to buy their house?
I take the 'Plan B' approach: "Hi my name's Doug, I was just passing by on my way to (wherever) and noticed the sign (gesture toward for sale sign). I don't have time to talk right now (take away) but wanted to leave you my card (non-threatening). I'm looking for an investment property so I probably can't pay you top dollar (qualifying), but I can close fast (main benefit), so if the sale takes longer than you were hoping, give me a call (call to action)."
The idea is to be totally non-threatening and not sound like some slick salesperson, you're not stalking their house and you aren't trying to get them to commit to anything. You just wanted them to know that you might be able to help if they have trouble selling.
Your card should hit the main points:
1. I buy houses fast! 2. I can pay your agent for you! 4. No obligation--guaranteed written offer! CALL or VISIT
Some will call back the same day, others days, weeks or months later. Sometimes they'll get their agent to call, which usually means they aren't motivated.