Becoming a realtor?

Question

Just learning the basics at the moment. I have a job that requires me to work 60 hours a week. It pays good but, from what I've been reading recently I would need a lot more time available to myself to get started here. I was wondering if becoming a real-estate agent would give me the time money and resources I would need to become an investor.

Emran Chowdhury · Answer

My personal opinion it will not. I have been investing since 2016, got my license in 2020. But I never worked on scaling my real estate agent business up since it's take more time at the beginning. My license helped to take a look at the properties for myself, write offer in short amount of time & also pocketed the agent fee.

I spent 1 hour/week to manage my 21 SFH portfolio. I have set up all those things in that way over the span of 9 years. I earned money from my W2, but strategically invested my money in real estate. But at the same time, that's only my experience. People might have different experiences too!

Obed Calixte · Answer

You don't need to be an agent to be an investor. If that is your only reason for doing so, I'd say stay at your current role.

Over 3/4 of aspiring agents leave the industry within the first year. If you are planning to make it your primary business -  you will need to really hustle, have meaningful reserve funds and/or a strong sphere of influence to get the time, money and resources you so desire.

Can you be an investor and work 60 hours a week? Absolutely. Work with the right people and have reserves in place.

Nicolas Hedtke · Answer

Thank you! I'll keep educating myself!

Nicolas Hedtke · Answer

Alright. Is it likely that I would have enough time to become an investor if im working 60 hours a week?