Investment Sales Independent Contractor
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[{"id": "fvg2gjx", "text": "OP, that sounds like you're in the perfect opportunity to try this. I will tell you that commercial real estate takes a long time to be successful, but if you can stick to it, this could be life changing.  \n\nIn regards to being a contractor, there are huge benefits and also negatives. You're basically starting your own business and that allows you to take a lot more deductions on your tax return than normal if you itemize.  A negative side, you're paying your own FICA tax and insurance.  The good news is that there's no tax to pay if you don't have income. And if you're bringing an income, just budget for your tax and you'll be good.  That's why if you're on your parents insurance, this is a perfect opportunity to give it a shot.  \n\nIf you like commissions and the ability to make six figures, then take a run at it. But it's hard work and long hours. You got to hit the phones and network with people to find the deals. They are not going to come to you.", "replies": [], "depth": 1}, {"id": "fvg7p43", "text": "Yup. Do it!", "replies": [], "depth": 1}, {"id": "fvgfk16", "text": "In this market? Jesus.", "replies": [{"id": "fvh4urx", "text": "First thing to my mind as well", "replies": [{"id": "fvih0zc", "text": "I think a market like this is better than the \"to the moon\" market we are coming off of. Brokers are useful and add value in times like these. OP, dig your feet in and hustle. Own your market, be consistent and patient. If you have the staying power it will work out.", "replies": [{"id": "fvjojdy", "text": "Thank you all for your comments. The main thing holding me back is obviously the lack of a secure income. I can float myself for 6 months without worrying but am worried about anything longer than that. Luckily I don\u2019t have kids and only have to worry about rent/car payment with my spouse but I am nervous that due to covid my spouse might be paying my way for another year or so.", "replies": [{"id": "fvk02l6", "text": "I always say be prepared for a year. Maybe you can find some other source of part time income. Some brokers by me so some rentals to try to make some quick money but that can cause you to lose focus. Good luck", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "fvgixgi", "text": "Depends....what asset class? What market? Think of how hard it will be to get your feet wet. Could be a good experience regardless but I wouldn't expect much money early on", "replies": [{"id": "fvglosz", "text": "I\u2019m in a major metro market. I\u2019m prepared to float myself for the next year. It\u2019s a boutique firm\u2014 entire team recently spun off from a top firm. $1-$20 mm is their niche. Retail/restaurants/multifamilies/land.", "replies": [{"id": "fvjl2wj", "text": "do it dude", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]