Real Estate - A Real Career Choice?
I’ve been trying to rent out my apartment unsuccessfully and I wondered how Realtors are able to do so with relative ease. That’s when I decided to study them as a career choice for the youth in this country. What intrigues me more is the fact that in India, almost every unemployed young man decides to make a buck by showing a few houses around in the hope for an easy percentage. Truth is real estate is a highly specialized profession that demands more skills than just a smooth talker can muster. So while many suggest that everyone should quit their jobs and immediately jump into full time real estate brokering, there is more to it. What appears to be an incredibly easy result for someone with little or no experience is not for everyone and certainly not every time. But it certainly has it’s advantages and these are what draws the youth to making this career choice.
More you Learn, More you Earn
The more your learn, the more you earn, since you do not need to rely on other professional services or partners for help. You also learn to recognize a deal faster, which gives you more time to do more business or spend with family and friends.
Own Your Time
As a full-time broker/Realtor, you work your own hours. Note that “full-time” may mean as little as twenty hours per week if finding deals is down to a precise art and science to you. Or, for the ambitious few you can work forty or more hours and use the extra cash flow to buy properties eve.
Be Your Own Boss
The great advantage means you never work for someone else and we all know being your own boss is a great asset. Then again being your own boss means being an accountant, clerk, receptionist and office boy all-in-one. At least till you start your own firm. Being the master of your own life and career is well worth the other hassles of dealing with your own business.
You can hold a “regular job” until your real estate adventures bring in enough cash to quit the job, when it is not worth the income that it brings. It may take weeks or possibly months to find your first deal. That same deal may take several months to close. There is also the possibility that you may, on the other hand, actually enjoy your occupation. If so, you can continue to work at it, and broker real estate properties on the side.
The best case scenario, if you are married, is to have one spouse work a regular job. The other spouse can work on the real estate business. This is especially the case for married women that often forego a career and raise a family, only to find themselves with no means of making a living. Sometimes with a full time job, you tend to have little free time to focus on real estate.
Real Career Choice?
People are lured to real estate because of the quick buck that it promises. Don’t hold your breath, you won’t get rich quick. An “overnight sensation” usually takes about five years. More people who take up a real estate job quit after three months because they don’t treat it with the seriousness of a career. It takes months, even years for a business to cultivate customers and have a life of its own. Whether you decide on part-time or full-time, treat it like any other business. Learn the skills, give up on your television time, lazy weekends, hobbies and maybe even some family activities to invest time and effort in education. So that when customers like myself walk in the door, you establish a relationship that spans both distance and time.