Questions

[SmsEstates]

I have recently decided that I would like to explore the world of real estate in a high end market such as Aspen,Malibu,LA,Miami. I was wondering how good of an idea this is and how hard it will be for me to get my "foot in the door". Any info into how much i could expect to make and also any info on if this is the best areas to start off in.

Thanks,

Sms

[BeyondThePen]

Wow, what a loaded question. You can expect to make anywhere from $0 to millions of dollars. You could start making money within the first few months, or you could be high and dry for a year or more if you stick to that particular niche. It depends on your business and how you work it...so there is no way for anyone to honestly answer that.

To get your foot in the door in high end areas it helps to know people there who have money. Or to be an expert networker. One luxury listing will typically lead to more, as long as you build a good rep for yourself.

Why not start in r.e. right where you are currently? Start developing your business and making contacts. Sometimes it's better to be a bigger fish in a small pond than one of the many small fish in a large pond.