Advice for working as an agent and mortgage broker

[Ashton Karp]

Whats up, BP. I am in the Tacoma, Washington area and I am closing in on my real estate agent license. I currently have about a months worth of living expenses saved up after paying desk and startup fees and this is going to limit my ability to jump into being an agent full time. I am saving money monthly but would be uncomfortable quitting my current W2 job until I have at least 6-9 months worth living expenses in the bank. From my understanding the first 6 months to a year will be the most difficult for providing income while also maintaining proper marketing costs until I could establish a larger sphere of influence. 

So here's my question. If I were to obtain my mortgage broker's license and potentially work as an agent and a mortgage broker simultaneously what would be some pros and cons of doing this? I know there's disclosures needed and time would need to be allocated to each business but I feel like the mortgage broker income would help supplement larger but more spread out paychecks from being a real estate agent while also spending my time and energy in real estate. What are your thoughts on this idea?

[Michael Haas]

It sounds like you're already splitting your focus by starting as an agent, part time, while continuing at your 9-5. This is already tenuous, and adding a mortgage license to the mix would only make things worse.

You don't need more streams of income, you need wider and faster streams!