anyone here a real estate agent?

[ka50]

I've been thinking of becoming one... tell me how you like it.

[MustangEater8251]

I am not but looked into a little, manly cuz a guy I chat with in a finance class is one, and a guy used to meet up with just started with a firm.

They both seemed to like it and it is a way to make some money, even if you just get an inside link to working on making some investments of your own.

But I am not one, I just know one.

[95Batmobile]

My parents are in real estate..

What do you want to do specifically, sales or management? If you go into sales, you won't really make any money your first few years. People don't buy houses or commercial property from somebody fresh out of high school/college [img]smile.gif[/img]

[imported_admin]

Takes 1-3 years to build up your book of business and most are commission-only. Not a field you should even consider until at least age 30 when you have a nest egg built up to live off while you are going 3-4 months at a time with no paycheck.

Very profitable field if you make it... but like all commission-only jobs, 95% fail.

[Th3 RiCk]

Depends on how serious you want to get with it. If you want to be a full time sales person than Stefan is 100% correct. It's not a job for a young unknown person that's looking to make a quick buck.
If your wanting something to supplement your income then this is a great idea. Find homes around emerging colleges and gobble them up quickly. 15K homes rent for nearly $600 a month next to the college here. I should know first hand because of the opportunities I've missed. I'm not upset though, I found a few high risk pink-sheets that lined my pockets quite well. ;) With big risks come big rewards. [img]graemlins/rock.gif[/img]

And if you do decide to go at it alone, don't buy homes and fix them to the way you would live in them. This is a big no no. I know quite a few people who rent to families and college students. The homes will almost always be tore to hell once the tenants leave.
Also, if you play your cards right then you should not even spend a penny out of your own pocket. Take a loan out for the house and add on money for whatever needs fixed that must be fixed by law. The only times you should see red is when no one is living there, but if you find the right area then this shouldn't be a problem. Keep paying into the loan and have it paid off in XXX amount of time. After the loan is up either sell the home or just keep renting it. The only thing you owe now is taxes and whatever utilites you agreed to pay. This is risky though if you have no money to lean back on incase there are no tenants. Good luck if you decide to give it a try!

[95Batmobile]

Originally posted by Stefan:
Takes 1-3 years to build up your book of business and most are commission-only. Not a field you should even consider until at least age 30 when you have a nest egg built up to live off while you are going 3-4 months at a time with no paycheck.

Very profitable field if you make it... but like all commission-only jobs, 95% fail.

a 1 year minimum is way off. I'd say more like 3-5 years before you would start to see any success.

And you don't necessarily need a nest egg for the times when you have no income for 3-4 months. That is why I asked if you were doing management or sales. My parents do both, so there is monthly income from the management side (plus some other stuff), then there is commission from sales.

Selling houses is a pain in the *** though. New home owners love to call every 15 minutes with question after question after question..

[Ian]

Yea, like everyone said, its a risk. If you have great people skills, can read people, and know what the markets like, you will do well. Its one of those things that if you have the still, you do EXTREMELY well, but most people dont have the skills. I know two agents myself, and neither are 'poor', if you know what i mean. Bigass houses, luxury cars, pools, professionally decorated homes, hot wives.......the list goes on and on.

[ka50]

I was thinking of going into sales.

[nikon]

hmm, have you looked at any other aspects of real estate?....I am starting a appraisals course next year in february...I am getting a little help because my dad is an appraiser....so I have alot of clientel lined up for me...but..there are just tons of different things you could get into...start off with something easy, and learn the business...or you will be lost unless you have a teacher....good luck whatever route you take

[Everglades W68]

One out of every three adults in Florida is a real estate agent.

[rich-den]

Re: anyone here a real estate agent?

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[2.8 Bird]

Re: anyone here a real estate agent?

Are you a spammer?

[Blizzard242]

Re: anyone here a real estate agent?

Wow.. That hardly even makes sense. Guys! Guys! Our real estate info from 2004 is really very interesting!

[vanbibber]

Re: anyone here a real estate agent?

i hate russia