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Updated about 1 year ago, 11/19/2023
Investor thinking about becoming a part time real estate agent
Hey, this is my first time posting here, and I'm really hoping to get some advice.
I hold an MBA and work for a tech company in the Seattle area. I've been into real estate investing since 2015 and currently own four properties, three of which I rent out. Recently, I passed the broker exams, and I'm pondering what to do next. I haven't fully mapped out my plan for the license yet. It was relatively easy for me to pass the exams, but figuring out the next best course of action seems to be the hardest part.
While I have a decent salary at FAANG, I'm still quite a ways from achieving Financial Independence, Retire Early (FIRE) goals, especially with two young children to raise. So, I'm considering real estate as a side gig until one day it surpass my current full time job income. I want to make the most of my license without jeopardizing my current career. My primary interest lies in the commercial real estate sector, given my finance and data analytical background. However, I'm struggling to figure out how to break into commercial real estate as a part-time newbie agent. It seems like I could really benefit from a mentor, but I'm not sure where to find one who'd be willing to teach me while I help with their transactions in return. I do not mind my mentor taking a bigger split as long as I can tag along and learn from every transaction.
I should also mention that I'm bilingual, which might be an asset in the real estate world. Additionally, I'm interested in buying and selling a couple more properties myself in the coming years. Any guidance or suggestions would be much appreciated!