does anyone know about or have a job in real estate?if so what can i look forward to do in it. im kinda intrested in it but i dont want to just jump in and it not be so great so to say.thanks.
Avoid Real Estate like the Plague. Look at the Five Star Hotels like the Ritz Carlton and apply for a Front Desk or Administrative Position.
OK now the term flipping houses is considered fraud. This is when an investor buys a house, puts a little income into the home to fix some minor, usually cosmetic, things...then inflates the value of home 2 to 5 times the amount of repairs. Some people will buy older homes and renovate them. But they will keep it as an investment and rent the property out for several years. And then take out of the earned equity. Right now the housing market is slow, so if you are looking to selll a home right now, good luck. May realtors and lenders are leaving the business because they are not making any money.
Depending on where you live and how much time/effort you put into it, it can take 6 months or 2 years to get yourself situated and stable in real estate. Be sure to have another source of steady income to support yourself in the meantime. You'd have to not only be self-motivated, but enjoy working with all types of people and rise to all challenges. Right now it's a buyer's market, so you wouldn't have an easy time flipping houses so to speak unless you have the time, energy /contacts, and money to make it work. Because to get a worthy investment you would be looking at some major fixers, then need the sources to fix it quick and get it out there in the market. But there's alot of inventory right now, and buyers are having a field day picking and choosing. Alot of Realtors are pulling out because they got used to the easy days when buyers were out bidding each other just to get a place, oftentimes sight unseen. It's not like that all all nowadays, so those guys who came in at this time are finding they actually have to work to make their money. Don't jump in unless you're fully confident you will stay in the running, and good luck :)
If you are sales oriented, have enough money in savings to support yourself for a year+, know a whole lot of people you might have found your calling. Being a Realtor is a 100% commissioned job and you are your own boss thus you can write your own ticket once you have learned the business. FYI real estate school teaches you how to pass the exam and nothing about how to make a living in real estate.
most real estate jobs are commission only, look for an assistant position, or receptionist, that way you can learn while you are getting paid. Some Mortgage brokers will train you to process loans, and the bigger lending companies will give you a salary to be a loan officer, check with realtors/brokers in your area, tell them you are considering the real estate industry, and ask if they know of any one looking for an assistant.
