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Updated over 3 years ago on . Most recent reply
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Realtors who mix sales with investing
Who here is a realtor who does sales while also adding in investing as another stream of income? I currently do residential sales and would eventually want to scale back on working with buyers/sellers (escape the rat race) and get into the investing side for not only short-term gains (flips) but also long term wealth (buy and hold). Any feedback from anyone who has done this would be appreciated! Thank you!
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@Ryan Kelly all the agents on our team house hack AND work with clients. Many of us try for 1 house hack per year...and one year passes extremely quickly. If you set a goal of purchasing a house hack every year for 5 years, you'll have that many investments under your name. The more investments you acquire, the greater the ability to scale up and invest on a larger scale. You will hopefully be able to use the cashflow from each house to cover all living expenses while taking advantage of the commission checks you make as a Realtor and applying it to scaling up on the investments side. Being an investor and realtor is dangerously smart ;)