Thread: RE agent/property manager?

it depends on how far you plan to take your real estate agent career.

if you treat it like a job - well then you'll get "joblike" results.

and how about this picture for stable vs. ultimate salesman/entrepreneur

stable:
40 hour work week with overtime, gov't taxes you before you get the money, employer tells you what to do, you get a 401k earning 9% and health benefits that probably cost your employer about $375 a month or so. plus you get some days off - vacation, holiday, sick and personal if
you're "lucky".

you earn 45,000 per annum

oh and you retire around 70 with your little 401k (what's left after the market fluxuations that you have no control over)

ultimate salesman/entrepreneur:
no 40 hour work week, you earn first, deduct business expenses then pay taxes, no 401k, no benefits, no vacation, holiday, sick.

you MAKE UNLIMITED MONEY but average it to 275,000 per annum.

i think you can afford health insurance on your own. take a holiday here and there WHEN YOU WANT. make your own hours - most likely 50 to 70 hours a week..until things start rolling smoothly - figure about 3 to 5 years of long hard hours.

you plan to "retire" around 45 - retirement consists of scaling back your hours, maybe you work from home, manage or partner with a friend to do some ventures here and there...

you watch your real estate investments compound cash in your pocket year after year and have to deal with TOO MUCH MONEY as opposed to NOT ENOUGH MONEY.

so,

to answer your question - are you going to play it safe or are you going to play it extremely risky...

and here's a hint - stable is EXTREMELY RISKY...changing your attitude and thinking that nothing can stop you from being financially successful - that's safe brother.

good luck!

live by your rules or someone elses...it's your choice.

hehehehehe YOU GO NOOBDOGS! I love your attitude....
(but someones gotta work the 9-5 right?)

But seriously I think this person has a solid plan - there are many posts on here regarding getting into real estate without the right capital or savings...
If you don't have the funds right now this is a great way to get started - work in a related business- besides this will put you in direct contact with many many leads FOR FREE!

I hope some of the others looking to get in see this post too.

Then once you have a few deals down GO ALL OUT - I always preferred having to much money than not enough too...

definitely people have to work 9 to 5. if you want to run your own business you need 9-5er's.

in here though, it's all about being an entrepreneur. if you're a real estate agent or planning to be one and you approach it with the attitude of an employee - you won't achieve very much.

i mean, if you're in it to make 100k a year, that's exactly what you'll make...in a good year.

if you're in it to be creative and treat it like a business looking to expand continuously - you'll do awesome! it's like anything else - half the battle is A T T I T U D E

Real estate can be tricky and a hassle and can be 7 days a week but if you love helping people and don't mind the work it can be very rewarding- it is for me.