I got an e-mail from a woman who was looking to become a Realtor with her boyfriend and she wanted some basic advise...here was my reply:

To answer the gist of your questions, I would just say that you need to know that real estate is not a get rich quick profession. I had experience in networking as a campus pastor (I raised my own budget) and sales and client-work as a personal trainer, and these experiences have proven invaluable in helping me get a jump start on most other new agents. Plus, I invested about $2,000 in education and seminars after getting my license to really help me learn the business. Overall, when you add licensing costs, the extra educational expenses, and marketing, I probably spent about $6K before I made a dime.

This might be something that one of you want to jump into, having the cushion of the other’s salary until you both can be in the business, but I don’t know your situation. The standard is that you want 6 months salary saved up before you switch…I didn’t have that, but my parents loaned me some money and I had my wife’s salary to support us until she just quick last week.

Where are you? If you wanted to meet at some point in person, I’d be open to that.

I hope this answered most of your questions, but don’t hesitate to ask me some more specific ones if I missed anything.

Peace,
Greg

In other news, two sales last Monday (one that still has some wrinkles to be ironed out before the contract is fully ratified), and a couple of more in line over the next couple of weeks. I am getting my newsletter together today, so I need to run.

-Greg