how to get started, is it worth it, websites?????
2007-06-25 23:30:09 · 9 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I would say that it is hard for someone in the poor house to be successful quickly. Starting a real estate career requires a lot of money. Since you don't get paid until a deal closes you have to be able to be patient. You need marketing money, a decent car, health insurance, business insurance and to pay for association dues, mls fees, licenses, prelicensing training, etc. just to get started.
2007-06-25 23:52:45 · answer #1 · answered by mefrancis 2 · 0⤊ 0⤋
It's a great way to get yourself out of the poor house, but expect to STAY in that poor house (even poorer than you previously were) for the first year and a half, at a minimum.
There are start up costs (with no commensurate income until you get established) involved in becoming a real estate agent.
I got involved nearly two decades ago, and would never look back NOW. But, initially, I wondered if I had lost my marbles becoming a real estate agent.
2007-06-26 08:11:29 · answer #2 · answered by acermill 7 · 1⤊ 0⤋
Becoming a Real Estate Agent is easy, the hard part is staying in the business and making money. What they don't tell you is that is starting your own business. You need some capital to get started, 1-2 years worth. The chances of you making money within the first 9 months today is pretty good. You need, sales skills, a sphere of influence, cash for marketing yourself, patience, determination and to give up your weekends forever.
Yes, I'm a Realtor. Been in the business for almost 20 years. Right now I'm starving, the market is that hard.
2007-06-26 06:36:48 · answer #3 · answered by Alterfemego 7 · 3⤊ 0⤋
The old saying of "you have to eat rocks for the first few years" is true.
Getting established is first on the agenda. It takes time like everything else.
I was in the rental/management business and, it was good, in a large city with a huge turnover.
Where we live now, you can't give a house away, that's the way it goes. All Real agents in this area have two jobs, one to support their families.
2007-06-26 07:23:49 · answer #4 · answered by cowboydoc 7 · 0⤊ 0⤋
Both of my parents were realtors for over 30 years.
One thing they learned the hard way is, its feast AND famine.
One month you may earn one or more big commission checks making you think your money troubles are over so you pay your bills and even splurge and buy some "toys".
Then, you may not get another commission check for months! Where's the money? How to pay your bills?
All commission jobs are like that. Real estate just has more dramatic ups and downs.
2007-06-26 06:39:38 · answer #5 · answered by ? 6 · 1⤊ 0⤋
Like someone already mentioned, you'll basically be in business for yourself, and that's not easy at all. My husband is self-employed (he's in construction) and it's been hard. Some months you're making extra money, other months, you're MAKING NOTHING.
Luckily, I have a stable full-time job and that's how we're able to survive.
If you have the ability and finances to survive not making much for a while, go for it. Otherwise, stay at your 9-5 job.
2007-06-26 09:01:27 · answer #6 · answered by Cookie On My Mind 6 · 0⤊ 0⤋
DJB summed it up! It is not easy at all......it's a 24/7 job and the market is not great right now! In fact, I need some groceries! : ) Realtor in Ohio....I made more $$ being an assistant and worked "normal" hours. Would love to be an assistant again!!!!
2007-06-26 07:48:11 · answer #7 · answered by noodle 3 · 0⤊ 0⤋
I would not do it right now. The inventory of home for sale vs buyers eligible are a long shot. Nothing is being sold due to decreasing values, poor credit and lack of buyers.
2007-06-26 07:46:23 · answer #8 · answered by Anonymous · 0⤊ 0⤋
IT DEPENDS OF THE PERSONS HOW TO WORK WITH.
2007-06-26 06:35:18 · answer #9 · answered by keshia2008 3 · 1⤊ 0⤋