If you’re looking to switch careers, start a career, or add a flexible side hustle to increase your income, you should at least consider real estate. It’s one of those jobs that’s always in high demand and can prove to be pretty lucrative – particularly here in Pennsylvania.
Not sure if real estate is right for you? Here are several reasons we recommend pursuing it as a career:
You Don’t Have to Go to College
College isn’t for everyone. And just because all of your friends and peers are going/went to college, doesn’t mean you have to. For one, college takes as much as two to six years of your time. (This is time that could be spent earning money and advancing your career.) Secondly, college is expensive.
According to U.S. News, “College graduates from the class of 2020 who took out student loans borrowed $29,927 on average, according to data reported to the U.S. News in its annual survey. That’s around $5,000 more than borrowers from the class of 2010 had to shoulder – representing a 20% increase in the amount students borrow.”
Do you really want to add $30,000 (or more) of debt to your name just to pick up an average-paying job with slow income growth potential? If most people pause long enough to consider the true cost of college, they’ll realize that it’s not always the best choice.
There are no educational prerequisites or college degrees needed to become a real estate agent. You just take a course, pass the exams, and find a broker.
You Can Take Your Real Estate Courses Online
As mentioned, you’ll need to take a real estate course to become a licensed real estate agent in Pennsylvania. These courses are simple, inexpensive, and can be completed in a matter of days. For example, this Pennsylvania real estate license course costs just $149 and can be completed completely online from your sofa.
You Have Unlimited Earning Potential
While there’s no base salary or guaranteed minimum income as a real estate agent, there’s also no cap on your potential. You’ll have to put in the work to get there, but plenty of agents make $250k, $500k, or even $1 million or more. That’s earning potential that you simply can’t get working as an accountant, project manager, or mid-level manager.
You Get Incredible Flexibility
There’s amazing flexibility in real estate. While you technically work under a broker, you don’t really have a boss. You can set your own hours, work as much as you’d like, and come and go as you please. This sort of flexibility significantly enhances work-life balance. It can even allow you to work other jobs and have additional side hustles or gigs (if you want).
You Build a Massive Network
Real estate is an incredible networking tool. It puts you in touch with many different people and allows you to build a pretty impressive network. This comes in handy in a number of ways – including in your personal life.
For example, you’ll get to know doctors, financial professionals, business owners, mortgage brokers, religious leaders, teachers and professors, administrators, and even politicians and executives. In the future, you can tap this network to gain access to new opportunities.
You Can Multiply Yourself
While you’ll ultimately have to decide what direction you want to go, real estate gives you the opportunity to become a broker and to build out your team. Eventually, you could create your own team of agents who work for you and give you a percentage of their commission. This allows you to multiply yourself, grow your income, and even create a passive stream that continues to roll in, even when you aren’t working.
Adding it All Up
When you add up all of these benefits, it’s easy to make a case for becoming a real estate agent in Pennsylvania. And guess what? You can start as soon as today.
Unlike other career fields that require you to get accepted into a program or do an internship for a couple of years in order to get your foot into the door, you can begin your real estate career as soon as you want. Just start taking some online classes and you’re on your way!