Becoming a Real Estate agent to invest

[Connor Campbell]

Hey everyone!

I am starting to put my foot in the door in real estate investing and I'm not sure if I should invest in getting my license I do have a 9-5 and still trying to find the extra money for down payment, closing cost, etc. So I was thinking maybe getting a license and working on weekends would help find other investors as well as build up a savings for a property.

[John Myers]

Hello @Connor Campbell

Making money part time as a real estate agent is tough and as mentioned by @Martin Smith, the cost to be a real estate agent are expensive, and you have the same expense every year.  The continuing education in NM is takes a fair amount of time and money.  There are many ways to make money as a side hustle.

In order to make money for a down payment, I recommend looking at your existing job.  Is there opportunity for overtime? Promotion? Other stuff?  If no, there are plenty of jobs for anyone that wants to work.  Find opportunites that will provide guaranteed income.  Real Estate agents are guaranteed nothing in terms of pay.  Most real estate agents don't make it 5 years, and many don't make it one year.

I am an agent and an investor and find properties for myself to invest.  However, I had cash to invest when I got my license.

There are some great recommendations on this thread.