I am looking into becoming a commercial real estate agent. is the business very lucrative. I
I would like to know if starting out part time the right move 15-20 hours. After licensing, what is a reasonable expectation of income in the d.c area
[{"id": "it9flou", "text": "Zero. You don\u2019t have what it takes.", "replies": [{"id": "itaci35", "text": "We will see", "replies": [{"id": "itauwkv", "text": "You\u2019ll need to learn how to form sentences better if you want to succeed in any management type industry.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "it9lod5", "text": "User name checks out.", "replies": [], "depth": 1}, {"id": "it9m8wt", "text": "Reasonable expecting income in the first year without a license working part time = 15,000/yr if you\u2019re lucky.\n\n\nObtaining knowledge in your young years and learning the industry full time for the rest of your life = unpronounced levels of wealth depending on how much you want it.", "replies": [{"id": "itaaytv", "text": "Thanks for the information. This would put things in perspective. I understand that it takes time.", "replies": [], "depth": 2}], "depth": 1}, {"id": "it9ma5b", "text": "RE is more than a full time gig. Shift the mindset up. No such thing as get rich quick.", "replies": [{"id": "itab2q9", "text": "Thanks not looking for a get rich quick more of a gradual change of careers.", "replies": [], "depth": 2}], "depth": 1}, {"id": "it9mw6v", "text": "I\u2019d like to make a lot of money for a little work. But also I\u2019d like to do it immediately", "replies": [{"id": "it9s6mi", "text": "Sooner if possible.", "replies": [], "depth": 2}], "depth": 1}, {"id": "it9r739", "text": "Can't be halfway pregnant", "replies": [], "depth": 1}, {"id": "itahkd7", "text": "Probably not very much. I didn\u2019t make money until 2-3 years down the road and was negative the whole time. I don\u2019t count what my family gave me in leads or connections as income. Most Agents who brag about making money their 1st year already have connections established. Commercial Real Estate is a totally different ball game and it involves dealing with a lot of private funds. \n\nEx: My broker used to work at Bear Stearns as a managing partner and had connections there, so he\u2019s able to get tons of leads from New York.\n\nLandlords will cut off the middlemen easily if it\u2019s in an area with high demand", "replies": [], "depth": 1}, {"id": "itaisuu", "text": "Good information. So it's recommended to start residential and build connections? How long have you in the profession? What is the biggest challenges you face with the business", "replies": [{"id": "itancr4", "text": "If you want commercial, start with commercial. The deals just take longer to close depending on the size of your deal. You can do residential technically too on the side. I started off right after college and I\u2019ve been in it for around 5 years and got my broker\u2019s license. It helps to know what you\u2019re talking about and if you have other deals under your belt.\n\nI don\u2019t do real estate full time. I basically use my income and purchase investment properties that I find on my own. It definitely helps a ton with saving up on commissions/expenses. A lot of my leads that I get are residential from the company I work at and it\u2019s pretty decent side income (both from the commission and investments)\n\nGetting the leads honestly I think was the hardest part. I didn\u2019t use any resources to market myself and I hated to cold call people so it probably took me longer than most to start up", "replies": [], "depth": 2}], "depth": 1}, {"id": "itc1p0q", "text": "You may need to learn to capitalize words and write, but the main thing to learn is you need to read contracts and understand how to work with lawyers and CFOs. A lot of what you\u2019ll do is working with big time business people. If making money is all you want, it\u2019s not the place to be because many deals will lead nowhere. Around 1 of 10 deals will come to fruition - if you\u2019re good", "replies": [], "depth": 1}]