Starting as a broker part-time?

[Kevin Robert]

Hi everyone,

I am an active investor and as my day job I currently work in commercial real estate valuation. I have been looking into other sources of income and thought of getting my mortgage brokers license.

I am well connected in my market and am still relatively young at 24 with lots of friends and peers that will be looking to purchase their first homes soon. I work remotely, always have my phone handy, and love the number side of real estate so I think this would be a great fit for me and something that I could see myself doing long-term.

The only downside I see is that I work 8-4 so couldn't spend that time in an office with other brokers or doing real work for clients, I would be working after my day job. I'm completely fine with this but I'm wondering if it would be difficult to find a brokerage and if its feasible to start and eventually grow into a full-time career. 

Any thoughts and tips would be extremely appreciated!

[Erik Estrada]

Quote from @Kevin Robert:

Hi everyone,

I am an active investor and as my day job I currently work in commercial real estate valuation. I have been looking into other sources of income and thought of getting my mortgage brokers license.

I am well connected in my market and am still relatively young at 24 with lots of friends and peers that will be looking to purchase their first homes soon. I work remotely, always have my phone handy, and love the number side of real estate so I think this would be a great fit for me and something that I could see myself doing long-term.

The only downside I see is that I work 8-4 so couldn't spend that time in an office with other brokers or doing real work for clients, I would be working after my day job. I'm completely fine with this but I'm wondering if it would be difficult to find a brokerage and if its feasible to start and eventually grow into a full-time career. 

Any thoughts and tips would be extremely appreciated!

 Being a Mortgage Broker is a full time job. Making sure you understand various lender's guidelines, doing your due diligence, actively prospecting, and making sure each loan file closes smoothly while ensuring that both your lender and client are happy is not a walk in the park. 

I would recommend starting as a Loan Processor first and then transition into it or just go 100% full time and learn the craft. You are paid when the loan closes.