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Should you quit your job to become a full time real estate agent?
I feel I am qualified to answer this question. I’ve been in the real estate sales industry since 2004 for 12 years.
Should you quit your job to become a full time real estate agent, my answer to that question is NOOOOO. It is not a good idea to quit your job to do real estate full time unless you have another source of income to pay your bills, put food on your table and help fund your marketing campaigns.
I have been on both sides so listen to me. I started real estate part time and decided to go into it full time with no job and it was the most STRESSFUL thing ever. Because I counted on deals to close and deals don’t close right away. Some deals fall through and it used to send me into depression mode more than often.
I then got a job part time at Verizon Wireless. The job, I didn’t like it but didn’t mind it. It helped me pay bills, put food in pocket and have a bit of a social life but most importantly it created a level of sustainability. I had a clearer head when going into deals.
Once I got a job deals started closing quicker. I believe because my mind was clearer and I wasn’t counting on the deal to pay my bills and when a deal fell through it didn’t send me in depression I was able to bounce back and go find and work on more deals. I became more creative and actually more motivated to get more deals and watch my bank account grow.
Once I had enough deals coming in and a healthy savings for a year. I was able to go into real estate again full time and much better than my first experience.
So to sum this up do NOT go into real estate full time unless you have a stream of active income and or a healthy savings for a year or more.
Before I end this I want to say I am sure some people are saying it is hard to do real estate while I have a full time job. My answer to this is a time management issue on your end. I have another video coming on how to do real estate part time while you have a full time job. Check the link below for that vid.
I hope this video helped if you have any questions please comment below and I will answer them.
visit me www.sheldontherealtor.com