04.28.10
Planning to become a real estate investor?
Always look at the property from the viewpoint of a critical purchaser. Purchasing real estate of any kind requires careful thought and analysis. Just remember that you are buying the long-term future earning power of a piece of property. You are purchasing the property as an asset and nothing more. Always remember, real estate is only an asset if it puts money into your pocket. These rules are all food for thought if your are planning to become a real estate investor. The reality though is not a pretty picture, over one third of new real estate agents leave the business in their first three years. Why do so many leave? The biggest factor is that they haven researched the real estate business to determine if they have the required skill set to be successful. Like any career there are some skills that can help set you on a path to success. You should know early on that real estate sales are not a “get rich quick” career. To be a top producer in real estate takes business planning, patience, people skills, and resilience in addition to many other sub sets of skills. Many potential new agents are not aware of the fact they need a financial reserve to get them through the first six to twelve months in the business to pay household and personal expenses in addition to start-up and marketing costs related to their new real estate sales business.
