Joined a brokerage, now what?

[Kathy Li]

Hi BP,

I'm Kathy, new to the forum. Nice to meet you all.

I'm newly licensed, joined a brokerage in NYC about a month ago. I'm interested in residential multifamily buy-and-holds in Hudson Valley, NY, and specifically Poughkeepsie, Newburgh, and Beacon. I got my license to access the MLS and reinvest in commissions.

I'm trying to find a balance between being a new agent and programming as a freelancer. I've narrowed where I do my business as a real estate agent to the Upper West Side in New York, doing rentals and residential properties. I'm quickly realizing that prospecting for leads is a ton of work. Any advice on how to manage being a real estate agent on the side?

These are my next steps - Any suggestions? Should I narrow my focus somewhere?
- Use Symon He's Real Estate Analysis Foundations course on Lynda.com to do 'back of the envelope' analysis on each area
- Re-read BP's Rental Property Investing and Flipping Houses books
- Post 5-10 owner paid rental listings onto social media

Kathy

[George Hermann]

Hi Kathy, it sounds like you’re taking on 2 things that demand your full attention to learn and become successful at. If being an agent will be you source of income until your investment properties can pay the bills, then you will need to put your full attention there before trying to do flips upstate. I believe you need to get your priorities settled. I suggest you read The One Thing by Garry Keller. It will help you get focused.