Thinking of getting my estate license and working as sale agent for second job..

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I see many rphs with real estate license getting nowhere with it. Real estate is an active job, you put in a lot of time to get any $$$. If you don't market yourself and treat it as a full time job, no one will use you.
 
Momus said:
I see many rphs with real estate license getting nowhere with it. Real estate is an active job, you put in a lot of time to get any $$$. If you don't market yourself and treat it as a full time job, no one will use you.
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Totally true...But it would be nice to see if someone is able to do both for incomes. I need an extra income in the meantime and the market is absolutely horrible in Orange County, California for pharmacists.
 
Lnsean said:
You're like 10 years late..
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Why? the market is booming now. Houses are selling like hot cake around my area. My old estate agent makes 5x more than me for the past year. People always buy houses...and house price won't stop going up for at least when Trump leaves office (2024).
 
UGAZ said:
Why? the market is booming now. Houses are selling like hot cake around my area. My old estate agent makes 5x more than me for the past year. People always buy houses...and house price won't stop going up for at least when Trump leaves office (2024).
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Good old rphs...buying at the top like when we got into the profession...gotta love it. Yes, the market is hot right now and smart money is selling. My friend got 20 rentals from 08-10 period and he's slowly unloading most of them.
 
When I was doing TurboTax this year and paid for EA review since I bought a home and wanted to make sure I did everything correctly, the EA I was talking to was a pharmacist. Guess everyone is looking for that side hustle nowadays.

As far as real estate, seems like it takes up a lot of time. Fun career if pharmacy ever doesn't work out, but likely not something to pursue if you already have a full-time job. If you don't have time to deal with your clients whenever they need you, no one will hire you.
 
Housing market can only get more expensive. This is nothing yet. Expect another 200% gain from here before any crash or correction. My house bought back 2010 at 600K now nearly 1.3Million on Zillow. I did not have extra money back then , otherwise already bought more. That was a sure bet.
 
2010-2015 were the years to get in real estate. Sure, houses will keep selling but we are at or near the top. Maybe you have family that is planning to buy/sell soon then its worth to get a license.
 
Lol everyone in CA is a real estate agent. There is no barrier to entry, anyone who gets a useless social studies degree in undergrad ends up being a realtor. A lot of people in a low skill profession competing for a lot of money. Makes pharmacy saturation look like nothing.

I hate realtors btw, the whole profession is a scam. They get 3% or whatever for doing a couple hours worth of paperwork. Houses sell themselves. If you ever sell your house do it without a realtor, you'll save tens of thousands of commission dollars.
 
mentos said:
Lol everyone in CA is a real estate agent. There is no barrier to entry, anyone who gets a useless social studies degree in undergrad ends up being a realtor. A lot of people in a low skill profession competing for a lot of money. Makes pharmacy saturation look like nothing.

I hate realtors btw, the whole profession is a scam. They get 3% or whatever for doing a couple hours worth of paperwork. Houses sell themselves. If you ever sell your house do it without a realtor, you'll save tens of thousands of commission dollars.
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Redfin is a great alternative. If you sell your home, the selling agent takes only 1% or something like that.
 
Pharmacy Kid said:
Redfin is a great alternative. If you sell your home, the selling agent takes only 1% or something like that.
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1% is still a scam. Anyone can put their house on Zillow and host an open house, the offers will be there. I can sell my house myself. Why would I pay someone thousands of dollars for doing some paperwork?
 
mentos said:
1% is still a scam. Anyone can put their house on Zillow and host an open house, the offers will be there. I can sell my house myself. Why would I pay someone thousands of dollars for doing some paperwork?
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Worth it in areas where the housing market isn't great and you need someone to generate the "extra publicity" to sell a place. Plus even if you sell by owner, you likely need to hire someone to make sure your contracts are legit. I agree that Redfin is a great alternative, but they have a minimum price to utilize their services, and not all homes meet that minimum price (especially outside of California).
 
UGAZ said:
Totally true...But it would be nice to see if someone is able to do both for incomes. I need an extra income in the meantime and the market is absolutely horrible in Orange County, California for pharmacists.
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Why do you need the extra income? Does your wife work?
 
I wouldn't waste my time in real estate. You may waste weeks and months to sell just a house/apartment. I remember my last realtor spent months to help me find a house and I ended up not buying any home and she invited me to restaurants several times to keep business with me :laugh:
I rather get a second rph job.
 
BMBiology said:
You know we are in a bubble when a RPH wants to get into real estate too.


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Yeah, this reminds me of '08 when everyone I knew was quitting their main job to either become a real-estate agent or to flip houses. We may have some time before a crash, but this behavior is the canary in the mine for me.
 
Some articles are already showing a slowdown in housing in the SoCal area. I would not be surprised as the current prices seem unsustainable especially when wages are flat and home prices have doubled since around 2011.
 
UGAZ said:
Easy said than done, especially we have like 3 kids and two of them are just 10 months. She also hates her job before too. So I give up and let her mainly take care of the 3 kids. That is also a lot of work.
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Yeah but your kids can't fire their mommy. Now you have to be the work horse...will probably die of a heart attack in your 60s.
 
UGAZ said:
Easy said than done, especially we have like 3 kids and two of them are just 10 months. She also hates her job before too. So I give up and let her mainly take care of the 3 kids. That is also a lot of work.
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If your wife is not working, could you relocate somewhere that is cheaper and less saturated?
 
The thing is before my wife had kids...she brings home average around 2.5K-3K monthly. We lived comfortably with our total take home income around 10K a month. Now it's only me ...around 7K a month. My mortgage is around 3K/month . I have student loan + car payments + life insurance + ultilities, etc...These bills eat up the balance. So basically we save 0 after our other twins were born. Now if I hire a nanny, it would cost the same as my wife income...monthly. So it's best to let her stay home and take care of the kids. Yes, I am the workhorse. That's why I brushed up my resume, took BCPS (passed)....in order to get another per diem. But damn it...the market is so bad in So Cal, plus my full time job is 5 days/week. So employers when interviewed me, they saw harder flexibility in me....with only 2 days left in the week. Tough situation.
 
UGAZ said:
The thing is before my wife had kids...she brings home average around 2.5K-3K monthly. We lived comfortably with our total take home income around 10K a month. Now it's only me ...around 7K a month. My mortgage is around 3K/month . I have student loan + car payments + life insurance + ultilities, etc...These bills eat up the balance. So basically we save 0 after our other twins were born. Now if I hire a nanny, it would cost the same as my wife income...monthly. So it's best to let her stay home and take care of the kids. Yes, I am the workhorse. That's why I brushed up my resume, took BCPS (passed)....in order to get another per diem. But damn it...the market is so bad in So Cal, plus my full time job is 5 days/week. So employers when interviewed me, they saw harder flexibility in me....with only 2 days left in the week. Tough situation.
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You need to get out of California, that house better be enormous for 3k a month. You could have a very nice house for half that in the Midwest and it probably is better than your current one.

I know, all that corn is a turn off.
 
wagrxm2000 said:
You need to get out of California, that house better be enormous for 3k a month. You could have a very nice house for half that in the Midwest and it probably is better than your current one.

I know, all that corn is a turn off.
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It is actually small. It’s 1400 sqft. Yes Cali is expensive but we have been living here all our life. Harder to move elsewhere plus no guarantee of job elsewhere
 
UGAZ said:
It is actually small. It’s 1400 sqft. Yes Cali is expensive but we have been living here all our life. Harder to move elsewhere plus no guarantee of job elsewhere
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That’s rough man.

I’d try to move to the mid south. 1.8k/month for 4200 sq feet where I’m at.
 
My city average is 600/sqft...old houses I am talking about. It's a crazy housing market here. Everyday I have like people dropping in my mailbox "Please contact me at XXX-XXXX.. I will buy your house with cash price. "
 
UGAZ said:
My city average is 600/sqft...old houses I am talking about. It's a crazy housing market here. Everyday I have like people dropping in my mailbox "Please contact me at XXX-XXXX.. I will buy your house with cash price. "
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Sell now

I understand everyone wants to live in California and it might be hard to find a job but your life would be so much better and less stressful outside California.
 
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UGAZ said:
The thing is before my wife had kids...she brings home average around 2.5K-3K monthly. We lived comfortably with our total take home income around 10K a month. Now it's only me ...around 7K a month. My mortgage is around 3K/month . I have student loan + car payments + life insurance + ultilities, etc...These bills eat up the balance. So basically we save 0 after our other twins were born. Now if I hire a nanny, it would cost the same as my wife income...monthly. So it's best to let her stay home and take care of the kids. Yes, I am the workhorse. That's why I brushed up my resume, took BCPS (passed)....in order to get another per diem. But damn it...the market is so bad in So Cal, plus my full time job is 5 days/week. So employers when interviewed me, they saw harder flexibility in me....with only 2 days left in the week. Tough situation.
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How about downsizing? Sell your house and buy a smaller one. Maybe live close to your parents so they can babysit the kids?
 
UGAZ said:
The thing is before my wife had kids...she brings home average around 2.5K-3K monthly. We lived comfortably with our total take home income around 10K a month. Now it's only me ...around 7K a month. My mortgage is around 3K/month . I have student loan + car payments + life insurance + ultilities, etc...These bills eat up the balance. So basically we save 0 after our other twins were born. Now if I hire a nanny, it would cost the same as my wife income...monthly. So it's best to let her stay home and take care of the kids. Yes, I am the workhorse. That's why I brushed up my resume, took BCPS (passed)....in order to get another per diem. But damn it...the market is so bad in So Cal, plus my full time job is 5 days/week. So employers when interviewed me, they saw harder flexibility in me....with only 2 days left in the week. Tough situation.
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Hell, if you really want to hussle and trade your time in the mean time while you look for a 2nd job, you can turn on your phone to take some uber rides/doordash for $100-150/day. But, let's start thinking outside the box of time = money. Right now, you are trading your time for money, and there is a cap to that, the most you will make is 50k/yr extra on your 2nd job ($2500/mo after tax). Why don't you start a Youtube channel, drop shipping via shopify/amazon/ebay, or start a blog? Make some online courses, write an ebook, and sell it. It has a higher ceiling potential and you aren't limited to 2 days/week to make that money.
 
UGAZ said:
Any PharmD here is an real estate sale agent? I am thinking of getting one because the housing market is so hot right now in California....Any advices? Thanks
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Don’t be the real estate agent pharmacist. We all know that guy and he is a loser. The only thing worse is the pyramid scheme pharmacist selling shakes and supplements.


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wagrxm2000 said:
I have no idea how the middle class does it if a pharmacist needs a second job.
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They don't. These are wants, not needs. He has a 3k mortgage and car payment and still hasn't paid off student loans. No one needs a 3k mortgage or car payment.
 
mentos said:
They don't. These are wants, not needs. He has a 3k mortgage and car payment and still hasn't paid off student loans. No one needs a 3k mortgage or car payment.
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In California they apparently do.
 
mentos said:
They don't. These are wants, not needs. He has a 3k mortgage and car payment and still hasn't paid off student loans. No one needs a 3k mortgage or car payment.
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Come to Los Angeles and find me a decent house without at least a 3k mortgage right now (with 20% down) and I will love you forever.
 
wucool33 said:
Come to Los Angeles and find me a decent house without at least a 3k mortgage right now (with 20% down) and I will love you forever.
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Again that is a want, not a need. Nobody needs to own a house in LA. Nobody needs a house either, plenty of families live in condos or rent.
 
mentos said:
They don't. These are wants, not needs. He has a 3k mortgage and car payment and still hasn't paid off student loans. No one needs a 3k mortgage or car payment.
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Yeah but why set the bar so low? If I had to move to the middle of nowhere, I wouldn’t have gone to professional school. Isn’t that why we work hard so we can live where we want to live (“wants” nevertheless)?

With the OP, his problem is not the mortgage and living in LA. His problem is the student loan and car payment. The life of a debtor is not easy.

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BMBiology said:
Yeah but your kids can't fire their mommy. Now you have to be the work horse...will probably die of a heart attack in your 60s.
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Yeah, but do you know what the cost of day care is for 3 children, especially if 2 of them are under 1 year old? It will make no financial sense for his wife to work, until the children start school.
 
BidingMyTime said:
Yeah, but do you know what the cost of day care is for 3 children, especially if 2 of them are under 1 year old? It will make no financial sense for his wife to work, until the children start school.
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You got this right. The cost for babysitting 2 babies same time is around 2000-3000 range. It doesn't make sense to hire a nanny unless my wife income is 4K a month or more.
 
UGAZ said:
Any PharmD here is an real estate sale agent? I am thinking of getting one because the housing market is so hot right now in California....Any advices? Thanks
Click to expand...

I have a couple of pharmacy friends who are doing this. Both are graveyard shift pharmacists at a hospital doing 7 on 7 off. So they work on their real estate stuff on off weeks. It looks like a good side gig. I was thinking about doing it also.
 
UGAZ said:
You got this right. The cost for babysitting 2 babies same time is around 2000-3000 range. It doesn't make sense to hire a nanny unless my wife income is 4K a month or more.
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We need to break your pipe before it is too late!


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UGAZ said:
You got this right. The cost for babysitting 2 babies same time is around 2000-3000 range. It doesn't make sense to hire a nanny unless my wife income is 4K a month or more.
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I work part time and have been for 5 years since I graduated. I use one check for my student loan and the other for daycare for the two kids. Hubbs pays for everything else. But the loan will be paid off in less than 4 years and the kids are aging out of the system and into free school. And I will be 7-8 years into my career having an extra $4k in my pocket every month with nothing to do with it but saaaaaaaave.

Wife could start ebaying. Start with clothes the kid grows out of. First class shipping to anywhere is <$3.50. Offer free shipping with buy it now prices of $15 and next thing you know you've got some feeder money to start hitting the clearance racks of Tjmaxx.
 
UGAZ said:
Why? the market is booming now. Houses are selling like hot cake around my area. My old estate agent makes 5x more than me for the past year. People always buy houses...and house price won't stop going up for at least when Trump leaves office (2024).
Click to expand...

Dude, you are the same guy who did risky bets in the SDN stock game a couple years back with oil and like 3X inverse ETFs, made tons of money and then lost it all.

House price won't stop going up until 2024? You don't know that. Of course it can.
 
UGAZ said:
The thing is before my wife had kids...she brings home average around 2.5K-3K monthly. We lived comfortably with our total take home income around 10K a month. Now it's only me ...around 7K a month. My mortgage is around 3K/month . I have student loan + car payments + life insurance + ultilities, etc...These bills eat up the balance. So basically we save 0 after our other twins were born. Now if I hire a nanny, it would cost the same as my wife income...monthly. So it's best to let her stay home and take care of the kids. Yes, I am the workhorse. That's why I brushed up my resume, took BCPS (passed)....in order to get another per diem. But damn it...the market is so bad in So Cal, plus my full time job is 5 days/week. So employers when interviewed me, they saw harder flexibility in me....with only 2 days left in the week. Tough situation.
Click to expand...

Why are you living in So Cal. So ridiculously expensive and not worth it. I live on the East Coast. Have the beaches, have NYC, have forests and no fires, no droughts, no earth quakes. California is so overpriced. I visited So Cal, Laguna Beach, and LA a few months ago for several days. I realized California is all hype. Move to a place with a reasonable cost of living if you are having an issue with expenses.
 
farmadiazepine said:
Why are you living in So Cal. So ridiculously expensive and not worth it. I live on the East Coast. Have the beaches, have NYC, have forests and no fires, no droughts, no earth quakes. California is so overpriced. I visited So Cal, Laguna Beach, and LA a few months ago for several days. I realized California is all hype. Move to a place with a reasonable cost of living if you are having an issue with expenses.
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Yeah but you live in Jersey!


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