What are your options when considering a career in real estate? It’s a difficult decision. The Real Estate industry’s continuing troubles will force even more semi-independent, successful professionals to make the inevitable career change. The residential housing sector was the first to suffer record low values. However, this sector was temporarily saved by tax credits provided by government. It will be interesting seeing how long this “soft-serge” lasts with all the residential housing foreclosures and banks that are still in financial trouble. These government purchase programs will soon end. It will be difficult to stabilize the economy if governments continue to respond to financial crisis in a predictable and slow way. With the next wave, which is. The Feds are trying to force many banks to report losses earlier than they should.
Let’s start by briefly reiterating why you chose to work in real estate, commercial or residential. Perhaps you know someone, or have worked with someone who has made a career transition into real estate. They were most likely successful in the first 12-36 months. You might have been fascinated by the tangible control or tax benefits. Maybe even your investor side took over, giggling at the potential to leverage your money as well. Your lifestyle, if you aren’t a working-aholic, will play a significant role in your independence and freedom of choice as to who and when it is you work with. It is obvious that a real estate career, regardless of whether you are an agent, broker or appraiser, lender, investor, or lender, has many perks. But I only briefly mentioned some.
Changes in your real estate career can be very stressful, especially dalemundi.com/toronto-real-estate/ if you have made a career out of it. You may be reminded of some skills that you might have. As a beginner the who can motivate others and, for the most part, a leader. This means you have to lead at least one or more parties to a financial (and sometimes emotional!) agreement. Some of you have ventured into multiple million dollar negotiations/transactions (myself personally negotiating over $400,000,000). You are the reason these deals were possible.
Second, you are likely to be able to use computer and organizational skills. Although “Joe Public”, may not have voted every other year, you still have a sense for character and ethics. Additionally, you feel a responsibility to the community and others you work with to represent yourself professionally and be a good listener.
What would be an acceptable and feasible alternative job for a realty professional? Because you probably know how banks leverage money and have seen your buyers and sellers use that system, it is important to understand or be open to learning more about the power to leverage your time. What are some ways to harness the power of your time?
You could also consider a career change in real estate. What changes would your new adventure require? You could leverage your time to the same extent as a real-estate investor who leverages others’ money, but not by 3-5x. But by 10 or 100 times. It is possible to be open 24/7, have clients in over 100 different countries, and start your business within 90-120 days. This freedom can be achieved by working less, not more, by working smarter, not harder, and by automating your work. A system of automation could be a significant investment in your future. It would also benefit your boss and co-workers. This business can be run from your own home without any rental payments or overhead. You will not need to travel to the office. Working from your own home, on the beach, for a few hours each night or in the morning. Or, to work as little as possible, from wherever you are. To live the life you dreamed of, which only 1-2% of people can imagine.