Real Estate Agent: Opportunity or No?

[Grant Boynton]

Hey guys,

So I am not new to bigger pockets and I know this discussion gets talked about frequently but I am in kind of a dilemma. 

So I know you can buy and sell real estate without a license. I have a job that is capped out at 67k/yr, I live in Montana where the market right now is absolutely crazy and cash buyers are coming in from out of state and buying up real estate. I don’t have the funds to compete with that.

I have an opportunity to work under one of the top real estate agents in my area and a personal friend of mine.  So the question is, do you guys see it as beneficial to work under this person,  gain mentor ship, and after a couple years have better access to deals, have the ability to buy or sell homes as me being the agent and to quit my current job currently making roughly 67k. I feel that there is more opportunities to grow and not have a capped salary but would like to hear your thoughts. Any input is very appreciated. 

Thanks Guys

[Kendal Lamb]

@Grant Boynton

I worked for the Government for several years and made the switch and got my license as an Agent. It is hard work, but in the end I make more money and am very happy working for myself. It definitely helps having a license and being an investor. I get the inside scoop on properties that have yet to hit the market. It's also nice to be able to take care of your own paperwork and know exactly what is going on with the deal.

Weather you get your license or not it would be very beneficial to work under your friend that is an agent. Having a mentor is the best thing you can do for yourself in any aspect of life! 

Be sure to do your research on being a successful agent before you make the plunge. I talk to so many agents that say "well if I would have known I'd have to make cold calls I wouldn't have gotten my license"... or things along those lines. Sometimes people think just because they know a lot of people and have a lot of friends they will just automatically get business. Which I'm sure that happens, but you also need to put in the work to maintain and build clientele.

Getting your license and working hard will provide you with opportunities to grow not only financially, but personally. The freedom feels amazing! If you have questions don't hesitate to reach out!