Ok, …you are graduating college…which means you have bills to pay (student loans)… now a realtor makes about 6% on a house. This means that in order for me to make $3,600 the house I am working with needs to be worth $60,000.

Now, I am what is called a wholesaler and have made 4000 on a house that was selling for $5,000 and I have made $20,000 on a house that was selling for $80,000.

And I don’t have to drive people around the city either and deal with their crying children and indecision.

If you would like to know more about wholesaling real estate, email me.

I have been a local agent and trainer for 15 years. I suggest you consider becoming an agent or a mortgage originator. The challenge you will face is getting the proper training. That is one area where the industry struggles. I know of two agents currently in the market who are both very successful. One of them was a part time agent for 3 years while attending Coastal, he made around $40,000 per year while still in school. It is very possible to achieve great success quick if you have the right mentor and training program. Best of luck to you.

I have been a Realtor for 17 years, if I was to start all over again I would be a Mortgage Banker. More money, less work free for the weekends.

Good luck greenie!
RJH

You know – last week I would have told you to stay as far away from real estate as possible for a career, but — recently the investors have come back into the market and I see a turn-a-round quicker than I originally thought. I think we’re in for a real estate boom in the next two years – so get in – get your feet wet – get as MUCH education as possible in the real estate field (GRI, ABR, SRES, CRS etc.) and go for your Broker’s license.

Last month I was depressed about where we were headed, but now I’m extremely excited!

Start as an office clerk/receptionist to get to know the language and your town . Take the sales agent test and in one year if you make friends fast you might survive on a commission base. If your uncle is a real estate developer or general contractor it will come in handy.

agent, rack up those commissions