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Updated over 9 years ago on . Most recent reply
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What are some ideal day jobs for the aspiring REI?
I don’t know too many real estate investors (yet!) and I’m very curious to know about BP members’ work backgrounds.
I could listen all day to stories about how the people I want to be like - got to where they are.
What jobs have you had before, and during, your real estate investing career?
Which jobs, in and out of real estate, helped you develop the skills - or simply the income - that have been crucial for your real estate success?
Bonus question! If you could go back and pick a job to do for a year or two before you purchased your first investment property, that would help you on your way to REI with income and/or skills, what job would you choose and why?
Thanks in advance for your responses. And hi from Milwaukee, WI!
Most Popular Reply
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Great questions Heather!!
I would say that one of my best jobs ever was sales! I was a framer for a bit, but I don't enjoy construction and have always hired contractors to guide me in that area -- but SALES has made a huge impact on my whole life.
The skills I learned in sales helped me talk with sellers and be more persuasive, raise money, prepare and sell my homes, manage tenants and to listen to others.
That said -- sales can be a tough racket and sometimes can lead to disaster, so if I could go back to my sales experience I would live by 3 rules: 1) Sell something I really believe in 2) Find a company that has my ethics and integrity and 3) Find a company with a GREAT marketing department so that my prospects already have a great relationship with my product before I arrive.
Find those 3 components and take the time to learn sales you can earn some GREAT money while enjoying some flexibility in your schedule (the right sales jobs let you take time off when you need so long as you are making sales). The best part is the job will make you a better investor in all the ways I mentioned above.
To your success!