I have been doing real estate for 5 months now, I only do it in my spare time. I have 2 active listings and 1 sale pending (close Nov. 22nd). Is this a decent start? I work with a small brokerage in upstate N.Y. so I really don't have any way to gauge my progress. How long does it usually take to make 1st sale?
Attend open residences. Also, choose up the neighborhood truly property books that they deliver out free of charge. Find a couple of residences you prefer and contact the directory agent and ask to look the apartment. That will deliver you a hazard to fulfill a couple of neighborhood retailers and spot if there's any person you mesh good with. We used Remax with our final acquire/and promote. However, I could no longer base my choice on a particular enterprise title....each and every realtor is unique and particular. Try to stay with a enterprise that has a extra good identified title (none of the ones discounted costs areas or tiny corporations) so you already know you're getting essentially the most correct knowledge feasible. If feasible, it could be exceptional if the agent was once practically your age, in order that they may be able to relate to why you're watching for exact facets or areas, and will larger foresee different properties that can be excellent for you that possibly you're overlooking as being quite unfamiliar with the discipline. Good success! Look at a number of residences earlier than making any presents!
You are doing fine. What do you mean, in your spare time? Real estate is hardly a hobby - and if you have a full time job in addition to it, you will not have the credibility to get those listings or sales from people who know about your other job. It's understandable to start out slowly, especially in this market, but at some point you will need to decide if you are a full time real estate professional or not.
I found my new real estate agent using this system. It's offered by Ron. What I learned on my first purchase was more valuable to me than what I learned in college. Sitting in a classroom, you only learn the theory. After the learning, you have to take action. Every situation is different, and I made a lot of mistakes on my first house, but it is a part of continuing education. An ounce of action is worth more than a ton of theory. I ended up quitting my job last year, and I am now a full-time investor, so failure is not an option. This opportunity has freed up a lot of time. I spend more quality time with my friends and family.
