How do you know the right time to switch from being a part-time agent to a full-time one? There are a few things to consider.
First, know what your monthly expenses are. What do you have to be able to produce in order to sustain your household costs?
Second, think about your income goals. Whenever you hit your target as a part-time agent, that’s the time to make real estate your career. Real estate is a tough career, and you’ll need some money in reserve to get started. You’ll also have to dedicate as much as 60 hours a week to it. Whatever your income goal is as a part-time agent, though, you’ll double as a full-time agent.
It’s also important to have the support of your family and friends. Working a 9-to-5 job and then taking an extra two hours afterward to do real estate prospecting and networking is a lot of time away from your family, so make sure they understand that you’re making real estate your full-time job as soon as you hit your goals.
Lastly, create a daily schedule. I have to know what I’ll be doing every day so I’m planned and focused. If I’m planned and focused, I’ll meet my goals.
Making the switch from part-time to full-time is definitely doable—I got my start as an agent while I was still working at Bank of America. Moving forward, I wish you luck in advancing your career.
If you have any more questions about what it takes to become a full-time agent, don’t hesitate to reach out to me. I’d love to speak with you.