Tentmaking Tips

Agent Hacking is using a real estate license to make extra income on the side by representing friends & family as they sell their home or buy a new one.

Agents are paid by commission and the commission is not determined by how many hours you work but by how expensive the house is you help a client to buy or sell. The more expensive it is, the more you make.

In the last 6 months, my wife has sent out letters and postcards to our neighborhood letting them know how she can help them in their home buying/selling process.

We’ve had multiple people contact us & she’s been able to serve quite a few neighbors.

Remember, she gets paid commission when she helps a client buy/sell a house, so the neighbors/family she has helped haven’t even been close to a part-time job, but she’s made full-time income doing it, just in the first 6 months of the year. That’s the hack!

She loves staying...

In Texas, the broker’s exam has a 56% pass rate, so plenty of people have to retake it a few times to pass.

The test is 4 hours long and there is a lot of content to study.

I decided to spend some extra money on the one resource that made passing the initial real estate licensing exam a cinch.

An Exam Prep.

You have to pay extra for these resources, so I’m not sure if many people do it, but I’ve found it makes it so easy to study the pertinent information & pass the first time.

I bought the resource, studied the summaries, took the practice tests, and found the broker’s exam to be a breeze.

My advice is that if you’re studying for your real estate salesperson’s license or your broker’s license, spend the extra money to get the Exam Prep. It saves time on st

And the answer is really simple.

It doesn’t matter.

Huh?

I tell people this all the time. How you get started in real estate really doesn’t matter. The key is just getting started doing something.

Why?

Because once you get into the real estate world, you’ll find out over time what interests you the most. Just get involved somewhere.

Sometimes people overthink where & how to get started and I remind them that the where & how don’t matter that much.

Here are ways people might get started:

• Landlord

• Multi-family

• Development

• House Hacking

• Flipping Houses

• Real Estate Agent

• Short-term Rentals

• Commercial Brokerage

The list could go on.

Perhaps a great way to choose is to find someone you know & respect that is involved in real estate. Take them out to lunch & ask them to tell you more about what they do. Maybe they’ll offer you the opportunity to tag along & learn from them. That could be a

Let’s do the same today with listing a house.

Why not make it a goal to list just one house this year?

You may be overwhelmed by thinking about helping clients list or buy many houses this year. But what about just one?

Here’s how I think you could accomplish that goal this year:

1. Tell your friends and family that you’re getting your license and would love to help them list their home and/or help them buy a home this year if they’re thinking about moving. Start putting the word out.

2. Get your real estate license online over the course of one month just by working on it a little bit in the evenings (or on weekends). It doesn’t take long.

3. Find a flat free broker to hold your license so you make 100% of your commission for each listing/purchase minus a flat fee paid to the broker. Otherwise, you could end up paying 25-50% of your
...

But what if you want more business than that? What if you want to represent a few more clients to meet your income goals?

That’s where marketing comes in.

And marketing is scary to a lot of people. The reason why is because you spend money in advance not knowing if you’ll ever get it back. That’s why many people avoid it altogether.

But I think that’s a big mistake & it limits the potential of many businesses.

I’ve spent tens of thousands of dollars in marketing over the years and my return on investment is sky high. You just have to start small, spend the money strategically, and eventually you’ll be paying for your marketing costs with revenue you’ve made from prior marketing efforts.

If you’re looking for new clients to represent in buying/selling houses, I’d encourage you to sta

Many different licenses can take a long time to get.

A Real Estate License is not one of them.

If you move quickly, you could probably get your license in 3-4 weeks.

If you want to take a bit more time, you can finish up easily in a few months.

And that’s just working on it during evenings & weekends.

Taking the courses & tests can usually all be done online, with the exception of the final exam. You can also take the courses in person, if you prefer, but it’s usually more expensive.

After you take the courses, you’ll have a final exam along with fingerprinting, background checks, and other documentation you’ll need to submit.

You can find discounts & coupons for the online courses, so the cost to get your license is fairly inexpensive. Then you’ll have some ongoing costs which should usually be more than covered by doing one transaction each year (or even one every few years).

If you’re assuming it’s not worth getting a real estate license because it wou

She got her real estate license & started letting friends & family know that she’d love to help them as they buy their next home.

One of her friends contacted her about wanting to purchase a house.

She showed them several homes & they made multiple offers, but they were outbid on each one.

They just put in an offer on another house and they got it.

Her commission was over $15,000 on this one transaction.

And she was able to do this in her spare time.

Imagine if she does this just 2 or 3 times a year with other friends & family.

Pretty nice extra income for a ministry family!