Every new agent is hungry to get their first commission. Whether it is the sale of a small family home or an expansive piece of land outside the city the rush of a commission well earned is an exciting prospect. But how do the top-earning real estate agents spend their commissions? One answer: invest. A real estate investment can often mean purchasing a piece of property we’ve had our eye on or invest in other aspects of the business.
A Real Fixer-Upper
A classic way that an agent can get further involved in the process of selling a home is to get in on the rush of flipping a house. As real estate agents, we have a first look at tons of places that are going up on the market. Snatching a good fixer-upper off the market ourselves is sometimes the perfect use for our last commission. If we’ve got a real knack for carpentry, tiling, landscaping, etc. or are simply willing to learn these trades then this could be exactly the real estate investment we’re looking for.
Jump Into Realm of Online Crowdfunding
Technology has drastically altered how we buy and sell properties. So why wouldn’t it change the way that we invest? Investments are made more simple for some using online crowdfunding marketplaces like Realty Moguls, FundRise, Prodigy Network, and iFunding. Each of these platforms offers their own bells and whistles. However, what they offer as opposed to classic modes of investment is a wide net. The ability to access a nicely displayed worldwide pool of worthy real estate investment opportunities is priceless. Online crowdfunding is a safe first step into the world of finance for a realtor looking to invest their commission.
Vacation, All I Ever Wanted
Acquiring more property is a wonderful way to spend our real estate commission. One great way to expand our profile is by purchasing a home in a popular vacation location. Ideally, this would also be a place where we love to vacation. Renting out a vacation property is easier than ever with Airbnb, but we can also use the classic Vacation Rental By Owner (VRBO) approach. Either way with the right location, owning a vacation rental can be a considerable investment.
Real Estate Partnerships
A real estate partnership is ideal for an investor looking to combine funds to go in on a project larger than their available funds. Let’s think of it as offline crowdfunding. If we have found an exciting opportunity that is just out of our budget perhaps bringing another investor in on the deal is the right choice. Before bringing someone in be sure they’re trustworthy. A great way to meet our industry peers is at real estate networking events and seminars.
These are carefully chosen strategies for someone new to real estate investment. Simple and impactful investments are ideal for a new agent as they strive to become a peer of top-earning real estate agents. Looking to get access to the commission while still in contract? Payfully is a transparent business that can get realtors to access to their commissions right now.
Learn more about real estate commission advances at Payfully.co.