Self Employed vs. Corporate World?

Question

I am currently a college student double majoring in Finance and Management Information Systems with a minor in Real Estate. I have enjoyed it, but I have very little desire to work a 9am-5pm job in the corporate world.

Also, I recently got my real estate license in the state of Utah and I am very passionate about the Real Estate industry. Ideally I would like to get into Real Estate Investing, doing rental properties and flips. However, sometimes I feel like if I don’t go into the corporate world I may be “cutting” myself short because I’ve put all this effort, time, and money into school.

But I love the idea of being self employed and would love to pursue a career in Real Estate!

Should I do both? Or focus on being a Real Estate Agent/Investor?

Thoughts?

Kaydn Jensen · Answer

Jaden what's up man. I actually am currently in the exact same situation. I am about to graduate in accounting and got my real estate license over the summer. I've had the same thought process as you and actually quit my accounting job and worked as an agent for the past few months. Something to keep in mind is that if you want to get a loan to buy an investment property, you have to show two full years of self-employment income to a bank in order for them to lend you any money. That can be a problem if you're just starting out. For that reason I actually decided to take a more corporate route for the next few years and I plan to build up a portfolio on the side. Then after I get some more general business experience and establish a track record of successful real estate investments I plan to jump into the self employment world and start scaling up.

There's lots of way around the issue with getting loans so you can definitely go either route but for me it makes sense to take go this route. I think either way you go you'll end up in the same place if you just have a goal in mind and work towards it a little bit everyday.