101 Ways to Get a Real Estate Check
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About this ebook
Each chapter is dedicated to a specific theme, helping you align your interests and strengths with potential careers. If you have an analytical brain, you'll find roles like mortgage underwriters, real estate data analysts, and tax structuring strategists intriguing. For those who prefer hands-on work, explore opportunities as property inspectors, demolition specialists, or swimming pool service technicians. If creating beautiful spaces excites you, dive into careers like interior design, landscaping, and home staging.
This book is more than just a list of jobs. It's a roadmap to building a multi-faceted career. Learn how stacking your services, such as combining real estate agency with property management or mortgage lending, can set you apart in the competitive market. Discover the importance of continuous learning and growth to ensure you're always at the forefront of industry trends. Filled with practical advice, real-world examples, and inspiring stories, "100 Ways to Make Money in Real Estate" empowers you to make informed decisions about your career. It encourages you to think outside the box, find your unique niche, and embrace the diversity of opportunities available. Whether you're just starting to think about your future or are ready to take the next step, this book provides the tools and insights you need to succeed.
Dive into the world of real estate, explore your options, and find the perfect career path that matches your passions and talents. With "101 Ways to Get a Real Estate Check," the possibilities are endless. Your journey to success starts here!
Michael Scott McCain
Dr. Michael Scott McCain is a distinguished real estate practitioner with over twenty years of industry experience. As a licensed real estate broker and certified master property manager, he has successfully led multiple thriving real estate organizations in the competitive market of southern California. Dr. McCain holds a doctorate with a focus in real estate marketing, with his dissertation titled "Effective Digital Marketing Strategies for Increased Engagement in Real Estate." His expertise spans property management, brokerage, and real estate investment, making him a sought-after mentor and advisor. He has had the privilege of guiding numerous professionals as they turn their passion into successful careers. His deep knowledge and commitment to excellence have established him as a trusted authority in the real estate field.
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101 Ways to Get a Real Estate Check - Michael Scott McCain
© 2024 Michael Scott McCain
ISBN: 979-8-35-096465-3
All rights reserved. This book or any portion thereof may not be reproduced or used in any manner whatsoever without the express written permission of the publisher except for the use of brief quotations in a book review.
DEDICATION
This book is dedicated to my sister, Valerie McCain. Thank you for showing us what it means to never give up. You set the ultimate example. I love you.
Table of Contents
CHAPTER ONE ANALYTICAL BRAIN
1 Mortgage Processors
2 Mortgage Underwriter
3 Doc Drawer
4 Appraiser
5 Real Estate Data Analyst
6 Mortgage Modification Specialist
7 Tax Modification and Tax Structuring Strategist
CHAPTER TWO HANDS ON
8 Property Manager
9 Resident Apartment Manager
10 Property Inspector
11 Property Tax Lien Investor
12 Notary Public
13 Contactor and Construction Worker
14 Demolition Specialist
15 Photographer & Videographer
16 Relocation Services
17 Electrician
18 Plumber
19 Arborist
20 Concrete Contractor
21 Ironsmith
22 Asphalt Striper
23 Hauling Professional
24 Glass Installer
25 Swimming Pool Service Technician
CHAPTER THREE SPACE AND OPPORTUNITY
26 Land Acquisition Professional
27 Subletter
28 Hospitality Provider
29 Architect
30 Short Term Rental Provider
31 Storage Facility Provider
32 Parking Facilities
33 Room Rental Provider
34 Common Living
35 Mobile Home Provider
36 Vacation Rental Provider
37 Senior Housing & Assisted Living Provider
38 Student Housing Provider
39 Pet Hotel Operator
40 Gymnasium Owner
41 Restaurant Owner
42 Event Space Providers
CHAPTER FOUR BE THE PLUG
43 Real Estate Agents
44 Real Estate Intern
45 Real Estate Consultant
46 Real Estate Finance: Lending/ Mortgage Providers
47 Loan Originator
48 Broker of Record
49 Private Equity Real Estate Provider
50 Merchandiser
51 Affiliate Marketer (Publishers)
52 Credit Repair Specialist
53 Influencer
54 Course Provider
55 Short Sale Specialist
56 Real Estate Owned (REO) Property Specialist
57 Real Estate Syndicator
59 Real Estate Marketer
60 Signage Provider
61 Permit Puller
62 Appliance Provider
63 Home Warranty Provider
CHAPTER FIVE FLIP THE BAG
64 Real Estate Wholesalers
65 Real Estate Developer
66 Real Estate Investor
67 House Flipper
68 Real Estate Trust (REIT) Investor
69 Real Estate Micro Investing
CHAPTER SIX ORGANIZED NOISE
70 Regional Property Manager
71 Administrative Support
72 Talent Acquisition Specialist
73 Transaction Coordinator
74 Executive Assistant
75 Painter
76 Janitorial Service Worker
77 Beautification Specialist
78 Landscapers and Gardeners
79 Interior Designer
80 Carpenter
81 Tile Setter
82 Home Stager
CHAPTER EIGHT COMPLIANCE
83 Collections Officer
84 Eviction Specialist
CHAPTER NINE TECH, INNOVATION, & EFFICIENCY
85 Energy Conservationist (Green Development)
86 CPACE (Commercial Property Clean Energy) Professional
87 Property Technology Professional
88 3D Construction Printer
89 Smart Home Technology Provider
CHAPTER TEN SAFE AND SOUND
90 Escrow Officer
91 Title Officer
92 Security Service Provider
93 Locksmith
94 Pest Control Professional
95 Real Estate Attorney
96 Insurance Agent
97 Architectural Engineer
98 Surveillance Provider
99 Fire Safety Real Estate Professional
100 Property Preservation Professional
101 Civil Engineers
BONUS Geotechnical Engineer
CONCLUSION
INTRODUCTION
So many people say they want to get into real estate
and believe becoming a salesperson is the only pathway to entry. Real estate is multifaceted. There are several different ways to earn a living in the real estate industry or by becoming a practitioner that offers direct support to real estate professionals. In this book, we will discuss some real estate professions you may already be familiar with and introduce you to some professions that may be outside of your realm of consciousness.
The real estate industry is not a one size fits all type of industry because there are literally hundreds of industries within this one incredible industry. A multitude of customers exist within the troposphere of real estate and people from all walks of life can participate in the festivities.
Real estate is an ecosystem that feeds the whole pond of industry professionals. Networking is key. Every interaction is an opportunity to introduce your brand to someone directly or indirectly related to someone in the world of real estate.
Some of the real estate professions mentioned in this book can provide you with a solid career path, others may be done part time and will certainly help put some extra money in your pocket. It is important to remember that results may vary, but success is often directly correlated to a person’s own work ethic, agility, grit, understanding, and resilience. Oh yeah, then there’s luck. Although, some people will tell you, The harder you work, the luckier you become.
Depending on your dedication, there are some professions that can yield five to six figures or more. There are others that have limitless earning potential. It all depends on your ability to hustle, your professionalism, and your willingness to be the best at what you do. Although some of these professions require certifications or degrees, many of them do not. However, if you think education is expensive, ignorance will bankrupt you. The more knowledgeable you are about the services you provide and how it relates to the problem you solve in the industry you serve, the more of an advantage you have over your competition.
Don’t let competition be a deterrent when deciding which path is right for you. Everyone’s secret sauce has a different twang, and your personal touch is the special ingredient that makes your brand unique. There may be professionals that offer similar services to what you do, but no one can do it quite like you.
Customers have different preferences for what it is they seek and from who they prefer to receive their services. There is always room for healthy competition. Every industry has a broad spectrum of providers that serve a wide variety of consumer profiles. The real estate industry is no different. Your customer is out there and so is your new career. If you build it, they will come.
CHAPTER ONE ANALYTICAL BRAIN
In the vast landscape of real estate, certain roles demand a keen eye for detail, an affinity for numbers, and an unrelenting commitment to accuracy. This chapter is dedicated to those who thrive on dissecting data, solving complex problems, and making informed decisions based on meticulous analysis. If you have an analytical brain, these careers could be the perfect fit for you.
Choosing a career in real estate analytics means diving into roles where accuracy and expertise are essential. Whether you're evaluating mortgage applications, determining property values, or creating strategic tax plans, these professions demand a sharp intellect and an analytical mindset.
If you find satisfaction in analyzing data, enjoy ensuring every detail is correct, and have a talent for strategic decision-making, then the professions within this chapter will resonate with you. Here, you'll explore the roles of Mortgage Processors, Mortgage Underwriters, Doc Drawers, Appraisers, Real Estate Data Analysts, Mortgage Modification Specialists, and Tax Modification and Tax Structuring Strategists. Each of these professions plays a critical role in the real estate ecosystem, requiring a high level of analytical acumen and offering the opportunity to significantly impact the financial and operational success of real estate transactions.
Embrace your analytical brain and see how your natural skills can thrive in these essential real estate professions. Whether you're ensuring the accuracy of loan documentation, assessing property values, or developing financial strategies, your analytical prowess will be at the core of every decision, driving success and stability in the real estate market.
1
Mortgage Processors
Introduction: In the intricate realm of real estate financing, mortgage processors are the unsung heroes behind the scenes, diligently working to turn dreams of homeownership into reality. With meticulous attention to detail and a knack for navigating complex paperwork, mortgage processors play a vital role in shepherding loan applications through the labyrinth of approval processes. From verifying financial documents to liaising with lenders and borrowers, these skilled professionals ensure that every T is crossed and every I dotted, paving the way for smooth and successful mortgage transactions.
What service does this position provide? Mortgage Processors are like the backstage heroes of the mortgage world. They review and organize all the paperwork involved in a mortgage application, making sure everything is in order and ready for approval.
Why is it a necessary function? Mortgage Processors are essential because they ensure that mortgage applications meet all the requirements. Their attention to detail helps the mortgage approval process go smoothly, reducing the risk of delays or rejections.
Who does the position serve? Mortgage Processors primarily serve homebuyers, those looking to refinance, and loan officers. They make sure everyone's documents are in order and help turn homeownership dreams into reality.
What you'll need to do to get started? To become a Mortgage Processor, you'll need to learn the ins and outs of mortgage regulations and paperwork. You should have strong organizational and communication skills to keep everything on track.
Where in the real estate industry can one perform these duties? Mortgage Processors work in various parts of the real estate industry, from banks and mortgage companies to credit unions and even some real estate offices. Their role is crucial wherever mortgages are handled.
When can one perform these duties (how often is it needed)? Mortgage Processors work full-time and are needed as long as people are applying for mortgages or refinancing their homes. They're there to keep the process moving smoothly, from application to approval.
Are there any certifications required? Some Mortgage Processors choose to get certified to show their expertise in the field. Certifications like the Certified Mortgage Processor (NAMP) can help demonstrate your skills and knowledge.
How long does it take to get certified? The time it takes to get certified as a Mortgage Processor can vary, but it typically involves several weeks or months of training and successfully passing the certification exam.
Income expectation? Mortgage Processors can earn a decent income, and their salaries may vary depending on factors like experience and location. It's a rewarding career for those who enjoy behind-the-scenes work in the real estate and financial world.
2
Mortgage Underwriter
Introduction: Mortgage underwriters are the meticulous detectives of the lending world, carefully scrutinizing every detail of loan applications to assess risk and ensure compliance with lending guidelines. With their keen eye for financial analysis and risk assessment, these professionals play a critical role in determining the feasibility of loan approvals, safeguarding both lenders and borrowers in the process.
What service does this position provide? Mortgage Underwriters are like the guardians of mortgage approvals. They review all the documentation, financial information, and property details to determine whether a mortgage application should be approved or declined.
Why is it a necessary function? Mortgage Underwriters play a vital role in ensuring that mortgage loans are granted responsibly. They assess the risk associated with each application, making sure borrowers can comfortably repay the loan without undue financial stress.
Who does the position serve? Mortgage Underwriters primarily serve mortgage lenders and financial institutions. They help protect these institutions from financial risk by carefully evaluating loan applications.
What you'll need to do to get started? To become a Mortgage Underwriter, you'll need a strong grasp of mortgage regulations and a keen eye for detail. You'll typically need to gain experience in the mortgage industry and may require specific underwriting training.
Where in the real estate industry can one perform these duties? Mortgage Underwriters are needed wherever mortgages are processed, including banks, credit unions, mortgage companies, and online lenders. Their expertise ensures that loans are sound investments for the lender.
When can one perform these duties (how often is it needed)? Mortgage Underwriters typically work full-time and are needed whenever mortgage applications are processed. Their role is vital in the loan approval process, helping maintain financial stability and trust.
Are there any certifications required? Some Mortgage Underwriters pursue certifications to showcase their expertise and professionalism. The Certified Mortgage Underwriter (NAMP) certification is one example that demonstrates your knowledge in the field.
How long does it take to get certified? Getting certified as a Mortgage Underwriter may take several weeks or months, depending on your prior experience and the specific certification program you choose to pursue.
Income expectation? Mortgage Underwriters can earn a competitive income, often reflecting their expertise and the responsibility associated with making sound lending decisions. It's a rewarding career for those who enjoy analyzing financial details and ensuring responsible lending.
3
Doc Drawer
Introduction: In the intricate tapestry of real estate transactions, doc drawers are the silent architects, weaving together the final threads that bind deals into fruition. These behind-the-scenes maestros specialize in the meticulous preparation and assembly of the myriad documents that underpin property transactions. Doc Drawers’ transform legal jargon into the tangible paperwork that seals the deal.
What service does this position provide? Doc Drawers are like the artists who put the finishing touches on a mortgage application. They assemble and organize all the required documents, ensuring that everything is in perfect order for final review and closing.
Why is it a necessary function? Doc Drawers are crucial because they ensure the accuracy and completeness of all documentation, which is vital for a smooth mortgage closing process. Their attention to detail helps avoid delays and ensures all parties have the necessary paperwork.
Who does the position serve? Doc Drawers primarily serve mortgage lenders, title companies, and closing agents. They play a key role in the final steps of the mortgage process, ensuring all documents are ready for closing.
What you'll need to do to get started? To become a Doc Drawer, you'll need to become familiar with mortgage documents and the final stages of the loan process. Strong organizational skills, attention to detail, and communication skills are essential for success in this role.
Where in the real estate industry can one perform these duties? Doc Drawers work within the mortgage and real estate industry, often in mortgage companies, title companies, or with closing agents. Their role ensures the final stages of the mortgage process go smoothly.
When can one perform these duties (how often is it needed)? Doc Drawers typically work full-time during regular business hours, focusing on ensuring that all documents are in order for each mortgage closing. Their role is vital to the closing process, which occurs with every mortgage transaction.
Are there any certifications required? While certification is not typically required for Doc Drawers, gaining experience and knowledge in the mortgage and real estate industry can be beneficial for career advancement.
How long does it take to get certified? If you decide to pursue certification, the time required can vary depending on the specific program and your prior experience. Certification programs can take a few weeks to a few months to complete.
Income expectation? Doc Drawers can earn a competitive income, reflecting their role's importance in ensuring the proper documentation of mortgage transactions. It's a crucial position that supports the final steps of the mortgage process.
4
Appraiser
Introduction: Appraisers are the meticulous analysts who assess the value of homes, land, and commercial buildings with keen attention to detail and market insight. With their expertise in property evaluation, regulatory compliance, and market trends, these professionals play a critical role in providing accurate and unbiased assessments that inform buying, selling, and lending decisions.
What service does this position provide? Appraisers are like the real estate value experts. They assess the value of properties by considering various factors such as location, condition, and market trends. Their service involves conducting thorough property evaluations and providing unbiased valuation reports.
Why is it a necessary function? Appraisers are necessary to establish fair and accurate property values, which are essential for real estate transactions, including buying, selling, financing, and taxation. Their assessments help ensure that property values align with market conditions and protect both buyers and