Murrieta, CA · Member since 2016 · 10 posts · 0 votes
Hi Guys,
Not sure if I am posting this in the right place but here it goes...
I currently have a full time job but I really want to get into Real Estate Investing. I am considering becoming a part-time RE agent first so that I can gain knowledge, experience and build up cash reserves (eventually want to quit my job). However, I am also considering just focusing all my effort into RE investing (flipping first, then buy and hold later) and not worrying about becoming an agent (or maybe consider it later). What are your thoughts?
Lawrence, MA · Member since 2016 · 23 posts · 8 votes
9y
Hi Robert Crull ! As someone who also has a full time job and is just starting out, my best advice to you is to change your entire mindset about what a Real Estate Investor is.
A Real Estate Agent sells houses. A Real Estate Investor is a lifestyle. You'll find yourself listening to podcasts, reading the BP forum, checking the MLS for new deals, contacting financial instructions for loans, etc. This will happen all day every day for as long as you want to be an Investor.
I'm confident that the majority of people who started here including me did not start by becoming a real estate agent. You've already taken the first step in becoming a real estate investor by diving in and asking questions on BP.
Listen to the podcasts, read the Ultimate Guides, and change your mindset. There's a giant sea of information here, and the only way to learn is to dive in headfirst. You'll learn to swim as you drown. Good luck!~
Do you want to change careers or do you want to invest. I think you should stay with what you are doing, assuming you are earning max income, until you have a better idea of what you really want.
Being a agent has nothing to do with investing. Yes some investors are agents but most of us hire them when we need one. If you are flipping having a licence could reduce your expenses but being a agent also costs money. Better to simply build the real estate fees into the flip expenses.
Rock Star Extraordinaire · Northeast, TN · Member since 2015 · 10k+ posts · 16k+ votes
9y
You should become a part time agent. That's a job, but it will let you keep your current income, expand your knowledge, and (hopefully) earn some additional income. If you don't have a bundle of cash lying around, having a strong W2 can be the difference between buying and not buying property.
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