Tsmith129

Does anyone know someone that flys for the majors but is also a very successful real estate agent? Not just a part-time, sell your mom’s house, realtor. Someone that’s making a salary equal to or exceeding your airline salary. I’m curious to learn how they did it.


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rickair7777

I've known guys. The challenge is being available when you're on the road. IIRC one guy lived in base, bid reserve, and had a teammate or two who could cover for him when he got called (he didn't get called much). That could be an OK life.

As a line holder, you'd have to schedule real estate around your trips and work like hell on your days off. Also work via phone/email from hotels. Doesn't seem like fun to me, but if you're all about the time value of money, you could pull it off for a while and save up. Assuming no kids. You'll probably get some down time when the market eventually tanks.

Tsmith129

Thanks for the response. I figured it would be pretty challenging. I’m wondering if it would be any easier on the commercial real estate side of things? Or maybe just as an investor in commercial properties.


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Phoenix21

You can likely do one full time and the other part time, unlikely both. Living in base and bidding reserve while having a work partner or being part of a real estate team seems like the most feasible way to be a successful full time real estate agent/broker while being a pilot.

ByrdmanFL

I have been working in the real estate business as a mortgage broker for the last 20 years. It is what I plan to keep doing while I am getting my licenses over the next few years. If I can put my $.02 in even though I am not a pilot yet. I'm still studying for ground school and almost done with it.

IMO, it would be much easier once you learned how to lend money to be on the mortgage side of things. All my realtors that refer business to me are out there hustling, meeting with clients, showing homes, doing open houses, being available in person 7 days a week. Those are the top 20% producers, and that is what it takes. If you are only wanting to add about $25K-$50K to your current income, you can be like the other part-timers but you will have a lot of competition there. When someone that wants to see a home cant get you on the phone, they call the next guy on the list.

Also more than likely, you will be a buyers agent, not a listing agent, for the first 2-5 years learning the business and most teams wont want you unless you are available for those nights and weekends those with seniority dont want to work.

On the lending side, 75% of the time, I am working on the phone or online and many times I dont even meet the clients until we close.

BTW, commercial real estate is a lot harder, more time demanding, and the sales cycle is very long, sometimes 6-8 months vs 2-3 months with residential. Plus you have to really know the market.

Dont be fooled by all the success stories you hear now at neighborhood BBQ's from friends and relatives in the RE Business, it has it's ups and downs just like everything else and the 20% that are grinding it out are the ones making 80% of the money and will still be selling RE when the market corrects. All those part-timers will be back teaching high school or selling cars when it hits.

Tsmith129

Thanks for the detailed insight!


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ByrdmanFL

No worries! Maybe you can return the favor sometime as I continue down this new venture.

Feel free to reach out to me if you have any other questions involving real estate. Another option you may want to look into is owning a few rental properties. Although it is not as glamorous as the slick agents in real estate shows like Million Dollar Listings, a lot of money can be made. The key is to buy right and screen your potential tenants.

IMO, there will be a lot of great buying opportunities in a few years from now, so save your money. Buy when everyone is selling and sell when everyone is buying is my advise on this.

Tsmith129

Recently I hosted a zoom call and shared with members of the RST network guidance on becoming a real estate agent as a side-hustle while being a full-time airline pilot. Here's a link to the YouTube video of that zoom call.
https://youtu.be/LUYQV3-zT3w

vagabond

Have the pandemic and unemployment negatively affected buying and selling? Are you making changes in anticipation of the second wave?

I live in a beach resort town on the Washington Coast. When we were shut down March to May, no properties could be shown and therefore no sales. Since our county has a low infection and death rate, we were allowed to open up faster. Memorial Day saw thousands and thousands of people come over from Seattle. The beach was lined with so many cars you almost could not see the sand.

I also noticed more homes marked "pending" and "conditional." Most of those (as well as the sold ones) have a few things in common. The lower priced ones were also those not waterfront. The bayside and oceanfront ones almost always had drone photos that have an arrow pointing to the house and its proximity to the water.

On another note, the best selling firm in town is one owned by the Fire Chief. His wife helps when he's out fighting fires.

Interesting times. I wish you the best. Stay safe.