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Updated almost 9 years ago on . Most recent reply
College student indecisive on being RE agent or not.
Hello BP forums,
This is my first BP post! I'm a 19 yr. old college student on course to become a law enforcement officer, which I am highly anxious for that job. I have one year left until I'm in a academy. I'm really interested in RE investing and wanting to be in the field soon as possible. I as a Police Officer will be financial okay with acquiring SFH as a start. I will invest locally where I live now so I know that market best. My question would be, stopping my current path of law enforcement and get my RE license quicker (possibly a year or two earlier).
I would think being a RE agent, you would have more connections, see more properties available and possibly acquire more properties faster. My plan is to have enough passive income by age 30 so I can have financial freedom and enjoy more of life.
All I know is RE agents have a significant lower median salary than a Law Enforcement officer’s pay. My sources are from Salary.com. I believe the salary is without any benefits and commission. I’m stuck between these two professions in helping me become a successful investor quicker and better.
FYI, I want to do buy and holds and possibly do some flips while with SFH and I also live in suburbs of Columbus, Ohio.
Being an Law Enforcement officer
Pros
- Better Pay
- Benefits
- A preferred Job
- More money for down payments
Cons
- No connections to RE
- Can’t see deals or properties while at work
- Not related to RE
Being an RE agent:
Pros:
- Create connections with other investors, lawyers, banks, etc
- Catch deals soon as they are placed on the market or even before the market
- See more properties and know the best areas to buy knowing and hearing from other investors and/or RE agents.
- I will become more educated in the field and be wiser about investing
Cons:
- Lower Pay
- Not sure about benefits
- Possibly less money for down payments
- Slow Season
-Sorry for the long post. I’m young and it’s difficult to make a decision. I would enjoy some good insight of what everyone thinks. I’m open to all questions and feedback.
Thank you in advance for reading the whole post and all the feedback!
Most Popular Reply
Become a fireman (we are the real heroes anyway), then you will have an extremely flexible schedule giving you time to also work as a full time agent. I had to mess with you a little haha. Good luck in whatever you choose.