I am new to Real Estate!

[Seth Botner]

Hello BP Community!

Greetings from southeastern Kentucky! I am new to the real estate community but I’ve always been very interested in the world of real estate as a whole. I graduated from college in 2017 and have been working as a purchasing manager at a nonprofit that deals with government military contracts. I also have a part time job that I work on the weekends for extra cash.

I have decided to pursue my real estate license and become a part time agent (for now). I plan on starting my classes online at the turn of the new year. Ideally, I’d like to keep my current W2 position and do real estate part time so I can eventually have an extra income to start investing into rentals and maybe flips down the road. I also read that having a W2 income helps with lending. My current position also allows me to have constant computer/phone access.

Going into this, I don’t have the “Get Rich Quick” mentality. I am looking to successfully build myself and my business from the ground up and learn as much as I can about RE and RE investing. These past couple of months I have talked to local agents, read blogs, listen to podcast, etc. I can say I am very excited to start this new journey. I have a huge green thumb so down the road after I get established I’d like to get into land consulting (detailed land maps, soil samples, tree analysis, etc.)

I know this has been asked a lot on this forum but does anyone have any good beginner tips? Is part time real estate doable? How does one go about finding a good mentor? Any tips will be greatly appreciated and I’d love to connect with people!

[Andrew Adam]

Hi Seth, Welcome and nice going on getting the right mentality. 

I have never done the real estate agent thing part time as it takes a lot of time to get started. I have owned and managed a few rentals part time while having a W2. I think reading books and listening to podcast is a great way to be mentored by some of your "Heros". 

Then connecting with people in your industry an hearing there story could be enough to get started. I don't know if you need a full time mentor to guide you but rater a place to turn when you need it. That could be the forums, youtube, books, or a group of people you meet at your REIA.

Best of Luck!