You know whats great about being a real estate fanatic? You can actually make a great living off of it if you put in the work! See the list below!
Selling Real-Estate
Most of us know what this means. Yes, it means becoming a realtor, aka a real estate agent, and selling homes, buildings, land, and even office spaces. There are many avenues you can choose. The most common job we are exposed to is the home buying and selling realtor.
The great thing about this role is you get COMMISSION! If you split the process (a different agent helps buy the house and you sell the house) then you get around 3 percent of that whopping sale! If you did the whole process on your own you get 6 percent! This is all according to the real estate gurus over at Real Estate Express. So let's crunch the numbers. If you sell a $500,000 home in Seattle, with the 3 percent commission, you are looking at taking home $15,000. Now, if you sell the same home and did the whole process on your own, your commission, with 6 percent, is $30,000. It's a money making business!
The best way to start is working for a real estate firm or brokerage. This is how you'll get your foot in the door and gain experience!
Real Estate Firms
According to smartasset, here is a list of the top 10 real estate companies you should start at! Plus, they are nationwide!
1) RE/MAX
2) Century 21
3) Coldwell Banker
4) ERA Real Estate
5)Sotheby's International Realty
6) The Corcoran group
7) Camden Property Trust
8) Better Homes and Gardens Real Estate
9) Keller Williams Realty, Inc.
10) Zillow
So google search away, and find your path to the real estate world!
Renting Property
The other side of real estate is renting our property! Think about this way, wouldn't it be nice to own that 23 story building that is renting out over 500 office spaces? Sounds like you're going on vacation to the Caribbean every other week if you ask me! But let's be real here, you have to have huge assets and cash to get to this point. However, to help passively grow your income you can start out with renting homes, townhouses, duplexes, and apartment buildings! Choose what you can first afford and then go from there!
This ball game of growing your income is all about how you invest in property and retain renters. The more properties you invest in and rent out the more your passive income will grow!
Want to know how great the renting marketing is? Then check this blog post out!
Happy hunting my fellow real estate fanatics!
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