Being an agent to earn commission and use that to invest

[Ross Hewitt]

Hello BP,

I am a college student who is working with my dad on both of ours first deal (I will post a detailed summary with pics once it is finished). I am wanting to either start investing while in college or try to save as much money and meet as many people as possible to get after it when I’m done with school. I have 2 years left of school. I’m going to be an agent in the next few weeks. My idea now is to become an agent while in college and get some sales, while also learning from helping my dad and another investor I’ve met to be prepared for my own investments. If an owner financed deal comes along then I’ll have enough for a down payment, but if I end up not buying a single property while in college I’d have money saved up and 2 years of 1099 income to show. Correct me if I’m wrong, but if I show fairly consistent 1099 income for 2 years and have good credit, I should be able to get a loan. This would set me up well for my first investment.

Please criticize my thoughts or give me advice! I’m open to any and all ideas, but I just wanted to share my current plan and see what people had to say.

Thank you!

[Seth Ferguson]

Hi @Ross Hewitt

You'll find that being in commission sales doesn't make financing easy. Lenders will want an arm, a leg, and your unborn child.

Real estate sales can be a lucrative opportunity if done right, though you'll find find that your sales database takes longer to build than you may think at this point.