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Updated over 5 years ago on . Most recent reply
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What job/career would compliment BRRRR Real Estate Investing?
Currently working in a family business, which is an insurance agency, we are in the process of selling. Having the insurance knowledge, I am looking for other jobs that would compliment the BRRRR method as we have decided as a family that with the money coming in from the sale we would start a Real Estate Investment Company. I know being a real estate agent would be helpful but my father is a 30 year broker and I have friends in multiple states across the US that are also real estate agents so I have a lot of contacts there. Any suggestions would be greatly appreciated.
Most Popular Reply
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Welcome @Alexander F.!
On one hand you could definitely just team with an investor friendly agent to build your business. If you really want to focus on the company as a whole (work ON your business rather than IN it), then you don't need to become one yourself. I was an investor prior to becoming an agent.
That being said, if you ARE interested in the day to day activities or at least starting there, or are interested in maximizing value early on, then you could certainly become an agent. The difficulty in doing so varies by state, where are you located?
As an agent you could earn commissions on properties you planned to buy or sell anyway. Plus there. With eXp Realty, I get up to three personally exempt transactions a year which is cool for investors.
Since you no so many agents across the US, you can use that network for referrals as an additional income stream.
Best of luck to you! Let me know how I can help.
- Charlie Cameron
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