Real estate agents market homes for sale and represent potential homebuyers in return for a commission. To work as a realtor, you’ve got to be licensed. At the same time, millions of people work with residential and commercial properties, but they aren’t, nor do they aspire to be, a realtor. Professionals who have completed online MBA programs, brokers, property developers, real estate attorneys, and landlords are all involved in real estate, and most make a pretty tidy sum. Here are some ways for you to become a real estate professional without being trained to become a realtor.
Work in Finance
Most homebuyers aren’t prepared to write a cashier’s check for the total purchase price on the spot. Instead, they must finance via lenders through mortgages. This requires their credit ratings to be fair and their payment histories to be stable. You might want to use your online MBA degree to underwrite home purchase loans or even work alongside realtors, helping to get their clients creditworthy. Either way, you can use your background in finance to be a part of the real estate market.
Become a Landlord
If you have enough money to buy a property, you can rent it and be a full-time landlord. Commercial properties can be rented to business owners who need storefronts and office space. Residential landlords can rent apartments to college students, houses to families, or even run boarding houses. Many landlords also have daytime jobs and are not required to be licensed real estate agents. If you’re left property by a deceased relative or manage to acquire extra property, being a landlord is a beautiful way of bringing in extra cash. Owning and renting out property is also a guaranteed means of bringing in passive income. If you use a property management firm, you can continue to be a landlord with little to no effort in your golden years. You could also try learning about it – read A Landlord’s Guide To Getting Great Tenant Reviews, which will help you become a successful and profitable landlord.
Run a Real Estate Based Business
Do you know how to fix up properties and sell them fast? No online MBA degree is needed to become a property flipper. Real estate businesses also teach others how to get into the industry. If you know investors good at locating inexpensive real estate or have another viable real estate business idea, have it. Right now, it’s a seller’s market, so get into the industry while the ceiling is still low.
Being a real estate agent has its perks, but not everyone involved in the property market is interested in being a realtor. Use what you know about real estate, business, or finance to further your success. Go for what you know and propel yourself upward in your real estate career. Besides, if you meet a hard-working realtor, you can share leads and create a truly dynamic team.
