A Simple Strategy to Earn Using Your Real Estate License Part TimeOct 03, 2018
Many students ask us how to use their real estate license part time. So we decided to answer this question by interviewing an architect who is using his real estate license part time.
Anthony J Farina is a full-time Architect and part-time real estate investor and real estate agent. In this interview, you will learn how Anthony uses his real estate license on the side to earn extra income.
We hope that this will give you some ideas on how to use your real estate license part time.
I am an Architect working full time for a government agency. I often saw the ability for me to get in on real estate deals being an architect and living in NYC. So I obtained my license back in 2009 with the intent to use it part time to earn extra income on the side.
The 3 Ways I use my real estate license part time are:
- Finding rental apartments for friends and family
- Saving money on my own purchases
- Finding investment deals for myself and other investors
house and apartment without the use of an agent. Having direct access to listing information and also the ability to make appointments around my own time without having to interface with another party was very convenient. Being an architect I have many projects that lead to listings, such as a kitchen rehab in preparation for sale of the home. It works the other way as well, I often obtain architectural work from buyers who I represent in a purchase. I’ll assist them in further realizing their vision with renovations to their newly purchased property.
Here is my process that I have set up to show apartments part-time:
I have automatic notifications set up through the multiple listing services that I am registered with. Anytime a new listing is posted I see it right away and can act on it if the deal is right for me. I brokered the deal myself so I was able to get money back at the closing.
So essentially a discount of the elected commission off the sale price. For my first deal I saved about 1.5% off the purchase price.
I found that it’s a good thing to hold and maintain because opportunities in your day-to-day life or business will allow you to take advantage of your license and make money in the process. Depending on the opportunity, it may not demand any more of your time.
Having your license is also a great networking device. I have obtained many architectural jobs through other real estate agents in my network.
Now is the time to take action!