Money woes are a nasty stressor for anyone. Dealing with a dwindling bank account is enough to send you into a spiraling depression. If you’re wondering how to make more money, consider a career in real estate.
Becoming a real estate agent in California can help you earn some extra income.
Even if you have a full time job, there are ways to make money on the side with a salesperson license. Especially if you’re a part time real estate agent. You don’t have to come up with perfect side income ideas to survive.
One of the best side incomes you can create is working as a part time real estate agent.
Building A Side Income
Building a side income is the perfect way to supplement a full time job salary. More and more people are looking for ways to bring in a little extra cash every month. The reason being is to afford more, save more, and/or invest more.
Having two separate income streams is one of the best investments of your time.
Earning a little bit of extra money never hurts anyone. Doing so will help you finance large purchases or save up for a rainy day. You can capitalize on your earnings even more with the right kind of budgeting strategies.
There’s several ways you can start creating your side income. One way to earn extra money is by selling houses as a real estate agent.
Working As A Part Time Real Estate Agent
The great thing about becoming a part-time real estate agent is the ability to choose how often you work. Having the opportunity to work the hours you want helps you create a flexible schedule that is complementary to a full time job.
Because you manage your time as a real estate agent, you can choose to work as often or little as you want.
Some people prefer to work their full 40-hour day job, then choose to hustle as a real estate agent on the weekends. However, if you’re finding it difficult to find leads, close deals, and still find time to sleep, know there’s another way to earn money as a part time real estate agent.
Just because you’re trying to earn a real estate salesperson’s license doesn’t mean you have to close sales all the time. In fact, some agents make a great living off of referral fees. Referral fees are the payments made to another real estate agent for a referred client.
Therefore, if you find a client for another agent or broker, they could pay you a small portion of their commission as a finder’s fee. People who work strictly to earn referral fees are known as referral agents.
This career path is great for people who are content with using their license as a means to earn a bit of extra income every month. However, some people will work as a part time real estate agent as a way to transition into a full time career.
Transitioning into a Full Time Real Estate Agent Career
If you want to become a full time real estate agent, don’t quit your day job. To any eager newbie agent, this is harsh advice. The truth is, working as a real estate agent has its monetary ups and downs. Earning your first commission could take months..
That’s why working another job, while building your real estate career, is highly recommended to become a successful real estate agent. This is the best way to ensure you don’t burn out from money problems. If you’re trying to build a career in real estate agent, the safest option is to work another job while committing to real estate roughly 15-20 hours a week.
Whether you want to earn a little bit of income every month or transition into a new, full time career, becoming a part time real estate agent can be highly rewarding. The high stakes associated with failure won’t weigh you down, because you still have your day job. That’s why the best way to enter a career in real estate is with a careful transition.
What’s something that is holding you back from starting your career in real estate?
Every week, we release in-depth videos to help viewers become successful real estate agents on our CA Realty Training YouTube Channel. You will also find videos on our free introduction classes into our courses.