Seppuku

I was having a discussion earlier and Mike and I realized we really know not of this. Im looking for something with good entry level pay or little training/school required. I was thinking maybe real estate, its been said Real Estate is too large though. I myself need something to make money to afford to live on my own at 18 and pay for college. So everyone throw something out here, im sure others can benefit from this as well.

j9fd3s

i sell car parts, i'm not suitable for office use....

rowtareh

every hooker needs a good pimp. j/k



I also have been thinking real estate, but don't know if I could do it my whole life. I want to go back to school, but it is very expensive. Military is pretty much out because once they saw my tattoo's they said no way.



I have been talking to PenisDown92billion and he has given me the good and bad parts of real estate. Most seem to be good. I guess with real estate, it is all how you present yourself, and the property itself.



Good luck with your decisions, I know I will need it.

ntfd3s

you can do what i've done. i am a systems administrator you need to be somewhat intelligent just study for the certification exam. look into CCNA that's what i've done and i earn about 38k after taxes. i'm still in schoool.

1revnrex

Theres no job like a blow job.









-Shawn

PhoenixDownVII

[quote name='RowTarEh' date='Apr 6 2005, 12:41 AM']I have been talking to PenisDown92billion and he has given me the good and bad parts of real estate. Most seem to be good. I guess with real estate, it is all how you present yourself, and the property itself.


[/quote]



LOL Thanks..I think :P.



Real Estate 101:



It helps to be in an area that is booming or moving, economy wise, and definitely in real estate. Orange County, NY (where I am from) is crazy, one of the biggest growing in the COUNTRY, let alone in NY. The commute to NYC is reasonable yet the setting here is very widespread and beautiful (great for FD's )



To get into Real Estate, you take a course and once you pass that and a state test you work with a RE Company and get your business cards, etc. You'll pay a bit up front to begin your career but you can make it all back in just one sale.



Being successful in Real Estate requires a good "people" person attitude, and more-or-less it really depends on who you know. You can start by mailing/telling all of your friends, relatives, co-workers, pretty much ANYONE you know, about your entry into real estate, and get a few sales that way, then it can be all referral based or you can call up FSBO's and such.



Average home here lists at $350k, and at 4-5% commission. Normally you get one side of the deal so you get half of that, so 2%-2.5%. This is $8,750 before taxes and your split with your company (mine is 70/30). After you do a certain number of deals (depends how much that 30% to the company amounts to), you can move on to 80/20, 90/10 and then 100/0!



FYI: I don't like to count my chickens before they hatch, but I am finally involved in 2 good transactions. A 2.5% commission on a $330k home sale (I'll net $5k or so) and 2% of a $600k colonial (PAYING OFF MY FD!!!!). They are both under contract now, very close to closing, at which time I'll have my FD paid in full, and some money to pave my driveway for my father and perhaps make my FD pretty





If I do ANY more of these (which is likely), i'll be getting a nice GSR as a daily driver and doing some major work to the FD.

PhoenixDownVII

I spoke of the good and small bad (losing money and investing money before you make it) of RE, but forgot the ULGY:



RE Still has seasons, it's still commission-only based, and can be very cut-throat.



You can show a married couple 10 houses in 4 weeks and then they decide to use their Cousin realtor to put in the offer (Meaning: You get nothing).



You can advertise an overpriced home that never sells, then it expires and they ditch you, you lose all that money advertising, they list with someone else and price it $40k less and it sells in 2 weeks.



Winter's are slow, Spring/Summers are great.



You just never know, income can fluctuate. I have an ideal situation because I am an agent's assistant on salary but can also do my own deals. Plus I live at home still and have almost no debt (soon none at all!).

rowtareh

But what if you get no sales, are you still getting paid by the RE company?? That is what bothers me.



Otherwords, do you have a fixed income? But then on top of that, you get more income?

1988RedT2

[quote name='RowTarEh' date='Apr 6 2005, 12:38 PM']But what if you get no sales, are you still getting paid by the RE company?? That is what bothers me.



Otherwords, do you have a fixed income? But then on top of that, you get more income?


[/quote]



I would say for most RE agents, no sales = no money. Less than nothing, really, because you WILL pay out of pocket for advertising expenses. You will work weekends.



I couldn't do it. I have worked in sales, but I don't consider myself a "salesman". and you need to be one. You need to be fairly aggressive, in an ***-kissing sort of way.

rowtareh

Ok, seems fair enough. I could not work a job without some income coming in. I need money, always do to live, and I have bills, and debts to pay off right now.



Thanks for all the info.