How many options do you have when you consider a career change in real estate? It doesn’t matter if you love it or not, the real estate industry’s ongoing troubles will force more successful, semi-independent professionals to make the inevitable job switch. It was first the residential housing sector that saw record-low declines in value, only to have it temporarily halted by tax credits from government to force good news. It will be interesting for how long this “soft-serge”, with residential housing foreclosures and continued bank failures, will last. Many of these government purchase programs are coming to an abrupt halt. With governments’ continued slow and predictable responses to financial crises, it will likely leave a large gap before any stabilizing outcome. The next wave of doom and gloom, i.e. The commercial real estate sector is just beginning to show signs of life. This has left the Feds scrambling to force banks to post losses sooner rather than later.
Let’s quickly recap the reasons you chose real estate, whether in residential or commercial. It is possible that you have worked with or known someone who made a career change to real estate during the boom. This person (prior to the past 12-36 months) has most likely had some success. Maybe you were attracted to the tangible control and tax benefits. Or maybe your investor side was more interested in the possibility of leveraging your money (or OPM), as well as the banks. The lifestyle you had or could have enjoyed (provided you weren’t a workaholic), also plays a part in your freedom to choose who and when you want to work with. There are many benefits to a career in real estate, whether you are an appraiser, broker, appraiser or lender. I have only mentioned a few.
It can be difficult to make a career change in real estate, especially if it was a long-term career. Are there any skills you may want to remind me of? For beginners, you are a self-starter dalemundi.com/toronto-real-estate/, a motivator, and a leader. You lead at least one party to a close, which can be a very large financial (and sometimes emotional) agreement. Some of you have ventured into multiple million dollar negotiations/transactions (myself personally negotiating over $400,000,000). These deals would have never been possible without your help.
You are also likely to have some organizational and computer skills. Even though “Joe Public” might not have voted in every election, you have a sense and attitude of character and ethics. You feel a duty to your community and to those around you to be a professional, a good listener, and to solve the needs of others.
What is a viable and realistic alternative career for a real-estate professional like the one I mentioned above? You most likely know the power and benefits of banks lending money because you have watched your sellers and buyers use it. Therefore, you should be able to grasp the power of your time. What is the best way to leverage your time?
What if you were to change your real estate career? What would be the changes you make to your new venture? Could you use your time in a way similar to a real estate investor, who leverages the money of others but not by 3-5x but by 10, or even 100x. You will be available for business 24/7 and have clients in more than 100 countries within 90 to 120 days. Working less and not more, working smarter and not harder and organizing yourself through automation could give you this freedom. This system of automation is an investment in yourself and your family to ensure a better future. You can have this business without having to rent or lease a space, and you don’t have to pay any rent. There are no expenses for travel, utilities, payroll taxes, insurance or . It is possible to work from your home with the assurance that you won’t have to go back to an office. You can work from home or at the beach. To achieve the lifestyle only 1-2% of people dream of.…