Become a broker or just stay on the sidelines?????
Im really into the commercial re world as im a investor should I pursue being a broker? I like the idea of selling multi families wearing a suit and what not lol. Is it worth it? whats the pay like? Should i find a broker that will take me in n pay for my license or do it on my own? Im 31 with a background in mechanics and management. I also would want to make more then I currently make which is around 80k is that doable first year? Or should i work both until i get that level? I work graveyard so wouldn’t be to bad.
[{"id": "ibc02pi", "text": "When i say into i mean like infatuated lol I recently got into the world around last November", "replies": [{"id": "ibc142k", "text": "In that case I\u2019d say yes. Unlikely to make 80k your first year but if you have that much passion for it and you aren\u2019t a moron it should take you far.", "replies": [{"id": "ibc58qq", "text": "Thanks", "replies": [], "depth": 3}, {"id": "ibcsqw9", "text": "(Asked and answered).", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ibc4mlw", "text": "Don\u2019t be a broker if ur already an investor. Being a broker is far too much brain damage, owners are always such a pain to deal with, w exceptions of course, but those are much much fewer than brokers would wish. Also, expect to not make money for a few years. You can get lucky, but don\u2019t bet on it. Brokerage is a means to becoming something more. Don\u2019t start there if u don\u2019t have to imo. It\u2019s a lifestyle of lots of cold calling and throwing feelers out there.\n\nJust my $0.02, YMMV", "replies": [{"id": "ibc5ezm", "text": "Ok hmm thinking of doing it as a second job until it starts paying good I feel i got the people skills to start selling quick my only thing is how much of the deal would i get", "replies": [{"id": "ibc75nu", "text": "it\u2019s a lifestyle, either you\u2019re in it or you\u2019re out. Side hustling in CRE aint the way. Maybe in resi but still, not having your life revolve around real estate is not the way. You just won\u2019t be up to date with the market and all it\u2019s intricacies. Being an investor is a lot more easy going than actually working the market.", "replies": [], "depth": 3}, {"id": "ibcso7n", "text": "&gt;Ok hmm thinking of doing it as a second job until it starts paying ~~good~~ well.  \n&gt;  \n&gt;I feel ~~i~~ I ~~got~~ have the people skills to start selling ~~quick~~ quickly (comma), my only ~~thing~~ question is, how much of the deal would ~~i~~ I get (question mark)\n\n(Even *repaired*, it's still an atrocious sentence).\n\nYou're clearly not ready for this job.", "replies": [{"id": "ibcst65", "text": "I n0t sel 2 u bud", "replies": [{"id": "ibcsx6y", "text": "That is most certainly assured.", "replies": [], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "ibc4zkh", "text": "We stopped wearing suits in like 2012.", "replies": [{"id": "ibc55j8", "text": "Lmao didnt mean literally just ment dress nice", "replies": [{"id": "ibcf1cu", "text": "You can dress nicely any time you want! It\u2019s not tied to a job. What else do you like about the idea of being a broker? Do you know how the commission structure works? If you want to sell multi family but think you\u2019ll make $80k in year one I would start as a part time resi agent and go from there specializing in small multi family.", "replies": [{"id": "ibcfh86", "text": "I know that but i dont know how the breakdown works thats why im asking and i also dont think im goin to make 80k year 1 reason why id like to work both jobs for the first year. As far as what interests me is the social aspects the number crunching and staying busy. Not sure really what else they do besides help sell and buy and crumch numbers", "replies": [{"id": "ibcshs2", "text": "You're not ready son.", "replies": [{"id": "ibcslkk", "text": "Maybe not but only one way to find out \ud83d\ude09", "replies": [{"id": "ibcsu5q", "text": "There are myriad ways to find out.", "replies": [], "depth": 7}, {"id": "ibcuj9r", "text": "Ok get licensed. This is easy in most states it\u2019s the same classes every stay at home mom that watches HGTV takes to show a home when their kids are at school. Then try and get hired.\n\nHow do you crush your numbers? What do you look for?", "replies": [], "depth": 7}], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}], "depth": 2}, {"id": "ibc5si2", "text": "So true.  Thank you to the first pioneers who also stopped wearing leather shoes.", "replies": [{"id": "ibdfvtf", "text": "I refuse to get behind this. Why would you voluntarily wear poor quality shoes? Give me some goodyear welted shoes anyway, even with jeans or whatever.", "replies": [], "depth": 3}], "depth": 2}, {"id": "ibd0ync", "text": "This", "replies": [], "depth": 2}], "depth": 1}, {"id": "ibd2b2n", "text": "Well, I think it\u2019s something like 90% of people that get their license don\u2019t have it in 5 years. There isn\u2019t any cap on earnings but there also isn\u2019t any guarantees.", "replies": [], "depth": 1}, {"id": "ic4xzyo", "text": "I tried this myself 12 years ago when I was 28. I had 200 units at the time so I thought people would naturally like my expertise. I was wrong. The first hurdle I had to get over with clients was \u201cif it\u2019s such a good deal, why didn\u2019t you buy it\u201d. \nMy advice would be to stick what what you know and are passionate about. $80,000 should be doable depending on your market, however you may make more sticking with investing. It takes a long time as an commercial agent to build a loyal client base. It takes years.", "replies": [], "depth": 1}]