is it good time to be into real estate? is it bad now and if so when do you guys think it will be come better? i am currently a freshman in junior college and really like real estate. i plan to relocate to los angeles, california. is real estate good there in california?
It is a horrible time to get into Real Estate now, as the market is crashing in America. That being said, I would expect(and don't hold your breath for this as I'm for from an economist) that the government change will assist the economy to turn around, as well as all the interest rises, et cetera. Essentially, you should be fine by the time you get in the market. My biggest advise though, would be to take note of this: You don't need to study real estate to get into real estate - it's sales, or the entry roles are sales anyways, and if you're good at your job you'll climb up the corporate ladder very quickly. You simply need to charismatic and influential (could you persuade one of your friends that blue is the very best color int he world? Are you good at debates?). For example, if you were to do a degree in business, you could follow that career path if you decided that you enjoyed it, or if the market is still average. At any time though, you can go into real estate....just know that if you move at a later stage, you may have to take a pay cut and start back at the bottom! Best of luck!
May 11, 2017
I have been a Realtor since April 2006, I have closed over 40 deals since then and made a six figure income from real estate in that year. No that is not typical for the industry, but it is typical for the company I work for. If you get your license look for TRAINING, and I mean real training. Not just watch this agent and you will figure it out. We have classes daily to teach new and experienced agents to take their business to the next level. Now sales is important to real estate but the thing to remember is this: Your most important job as a real estate agent is lead generation, NOT buying and selling houses. You cannot sell houses if you do not have clients. The flexibility in hours is not what you think, I work 9-5 PLUS eveings and weekends. And the only reason I do not work more is I have an assistant who handles a lot of the mundane work for me so I can focus on lead generation and my clients. You can work less but generally speaking, plan on making less... There are agents who work less than than and make more than me, through leverage, that is what I am working towards. There are also those who work more and make less.... They do not focus on lead generation. Health insurance is a biggie to think about, and taxes. As a Realtor, no-one is collecting taxes for you so quarterly payments need to be made to the IRS and state if you have state income tax. It is a very rewarding job, both personally and financially if you work hard and put systems in place to help you succeed. But it is what you put into it, there is no easy $ in real estate.
May 11, 2017