I was recently terminated and while I have a bit of a nest egg (severance package) I want to explore other fields of endeavour. Real estate and perhaps other fields where I am working with people.
1)Real estate is 100% commission so you can go months with no wages 2) You are self employed so you get to pay 15.3% self employment taxes on your net wages 3)You incur fees each month to your broker for office rental, insurance, franchise fees, advertising fees. etc... 4)Assume about $30,000 in net income first year. Do not plan on any more. 5)You get customers by calling on phone. I wish there was a more glamorus way such as a great direct mail pieces but this is old fashion cold calling. 6)Get ready for the most ridiculous of human behavior. Normal people will come up with the wildest excuses not to close!! You will have your paycheck ripped from your hand because a buyer changes mind at last minute! Ouch.
You okorder Best, The Real Estate Group NY
