IB Analyst - Real Estate Agent Side Hustle
Hi All,
2nd year M&A analyst here currently working at a mid-sized boutique look for some advice - deal flow has been growing over the past couple of years, however; I have gotten to the point where I am more efficient completing my work, with tasks usually taking half the time now versus at the end of my first year. Additionally, individuals at my company generally do not work on the weekends at all levels. Analysts at my boutique also generally run the entire deal process from pitch to closing.
Given the additional time, I was thinking about getting my real estate license to be a part-time agent, and supplement my income to further invest in properties down the line. I figure I could leverage my skills selling companies to something more small-scale like residential real-estate.
Any advice if in your opinions this would be feasible? Would be interested to hear from those that gone through this as well.
Thanks
This is not feasible (for reference I had my license in college working at a commercial brokerage, so I know a thing or two). Most states require a broker to sponsor you for your real estate license, New York included, which no one will do given you already have a full-time job.
Turning CIM edits vs selling single family homes to soccer moms are polar opposites - if I was selling a property I would never give you a listing given your time commitment issues from your full time job.
You would never have time for showings working IB hours. Better to be great at one job then incredibly mediocre at two, classic theory of economic specialization.
What bank are you at? I’m looking for wlb like this
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