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Updated over 9 years ago on . Most recent reply

User Stats

25
Posts
16
Votes
Chris Jurgens
  • Rental Property Investor
  • Dayton, OH
16
Votes |
25
Posts

Discuss with and help me decide my life's path! MLO?

Chris Jurgens
  • Rental Property Investor
  • Dayton, OH
Posted

Hello BP! 

I am currently in the knowledge absorption/learning phase of REI! I have been learning and talking with people for about a yr now and I plan to make a purchase this year. However I am a long way away from making REI my primary job. I am currently a personal banker for a large bank and I will also have my RE license at the end of may. I plan to sell a few houses a yr nothing big as well as continue my current job all while finding that perfect property to invest in (Flip, rent or BRRRR).

Here is my question, I have an opportunity to become a MLO (Mortgage Loan Originator) within the same bank I currently work in. Does anyone have some advice on if being a Realtor, MLO and a REI? Is worth it or a good idea? My thought process is simple. Being immersed in RE in every aspect could not be a bad thing i wouldn't think. The networking possibilities as well with all of the experience and knowledge I would gain from all 3 jobs could really lend a hand across the 3 of them and compliment each other very well.

Has anyone ever been a realtor and a MLO and could give some personal experiences? Thanks everyone! 

PS: My goal is to have REI be my primary career as soon as reasonably possible.

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