i've heard plenty of times that real estate is where you want to be when making money.. i'm considering it but i'm not sure what exactly i need to be considering. i want to know how often do you make a sale? how much can a realtor make? i would like to know the opinion of any real estate agent about their line of work? also what kind of real estate is better to get into, for instance commercial real estate? please help with any advice that may help guide me in making my decision. thank you! and also please no sarcastic remarks just to try and get yourself points. thanks again.
First decide if you wish to be a Real Estate agent, or a real estate investor. Do you wish to work for a client who is trying to buy or sell a property and make a commission? Do you want to buy a property and be a landlord? Do you want to fix up and resell property? Do you want to be in property management? Once you have an idea of what you want to do, I can be of help.
Typicallly Real Estate is an easy way to make money.. when home values are increasing.. However, across the nation home values are going down or stagnating. and nobody is buying. I know many real estate agents and mortgage brokers going out of business or going broke because they are not making sales (they only make $$ when they make sales) So unless you have lots of $$ to buy properties at a low value and hold them through the upcoming recession until home prices recover.. This is not a good time to go into the real estate business. its very risky..
Some people work for months even a year or more in real estate and don't make enough money to pay the bills. Something to keep in mind is that you have to maintain continuing education credits for as long as you want to keep your real estate license active. Having a plan, some money saved or another income, will smooth your entry into this competitive business. Budget for several months without any income, perhaps six or more in come cases. Budget for enough money to begin a website and online strategy to build business down the line. However, lots of contacting of people, and beginning your prospects list by the old methods will help you to get started while the slower online process builds. You can call, mail and email every person you know, and you just may pull a deal out of the hat sooner than expected. This will keep you in the game while you build your marketing efforts and business.
