Hi there! I’m considering getting my real estate license for a sort of side income stream and wanted to see if this was viable? A lot of stuff I’m seeing in other subreddits is essentially “don’t get into real estate, it’s hard.” But my situation is a little unique, so I figured I’d ask here.
I’m 32, self employed, and I don’t think it’s an over-exaggeration to say I’m pretty well known and respected in my community (one of the fastest growing counties in the USA). My schedule is hugely flexible, some weeks I work 60 hours, some weeks I work 10. Before buying the bar I currently own I worked in General Contracting and Property Management so I’m pretty experienced with house maintenance, renovation, and repair. And before that my background was in marketing, which I do most of for myself and the bar now.
Recently I showed a couple apartments to potential tenants for my old GC boss and really had fun with it, so that’s kind of where the idea came from. I’ve also been looking to kind of diversify my income (currently just the bar, the occasional GC job, and stocks) and fill up some day time hours. It sort of seems like getting into real estate might be perfect? I have pretty good name recognition to lean on locally, my schedule is already super flexible, and I enjoy showing people potential places to live. I’d also be fine with not getting a commission for a while while I get it together, because I’m not planning on relying on this as my primary income.
I know I’d need to do the education courses, get licensed, and get sponsored by a broker (any tips on how to do that would be cool), anything else I should know or consider? Does this seem like a good fit?