It is quite unfortunate that 53% of college graduates are without jobs. Undoubtedly, the unemployment rate in the US is lower than in other countries. However, it is still important to explore your options in detail. If you recently completed your college education, the real estate industry is a sector you may want to pay attention to. The following tips are valid reasons why.
The convenience of working immediately after college
According to available data, it takes a college graduate between three to six months to land a job. In many cases, the jobs they get are not directly related to what they studied. Research also states that several college graduates land jobs that may not even require a first degree. Undoubtedly, this is revealing and should be a factor in your career decision-making process.
The story is sharply different for those who decide to venture into real estate as a first career after completing college. Usually, after finishing the pre-licensing course and excelling, a college degree holder receives the required license to operate. The most important thing is to ensure you enroll in an accredited real estate school in the United States. With your license, you can start work as a professional without waiting for an employer. Accessibility to these courses is easy because exams can be taken online or in person. You can take the state licensing exam even before completing college. As long as you can simultaneously handle college studies and real estate school, there is nothing to worry about.
Time flexibility, seasonal sales, and the positive impact on earnings
Unlike other white-collar jobs, real estate work doesn’t have defined hours. This means you have more flexibility in determining your work hours. This may be different if you have been employed by a real estate company with strict working schedules. Otherwise, your hours can be planned around clients’ availability and confirmed appointment times. Combining a side hustle with a real estate career may be feasible. As an entry-level professional, you can make between $40,000 – $45,000 annually. Additionally, you can take advantage of the time flexibility to use your free hours to specialize in a real estate area. Specializations like apartment brokerage, retail leasing, and property management are excellent areas with endless career prospects.
Undoubtedly, there are certain times of the year when a real estate professional’s schedule is heavily packed. In the United States, the summer months are notable for the highest property inquiries and sales. You also have an increased chance of making more money because real estate units are higher in the summer. Some real estate moguls began their careers like this, and like Jason Cohen of Nexus Real Estate, you can also make substantial gains within a few years.
Lower startup costs
Some startups in the US can require a minimum of $10,000 to start. This is not the same for real estate. According to growthink.com, the startup cost for real estate may be less. Even that includes the application fee for the required license and other vital purchases. Even better, you stand to benefit from tax write-offs. This is because most of the costs incurred are considered vital expenses real estate professionals need.
Indeed, real estate as a first career is worth your time. It is a dynamic industry with great opportunities you cannot miss.
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