“The future is up for grabs. It belongs to any and all who will take the risk and accept the responsibility of consciously creating the future they want.”I’ve always taught that a poor economy is the best opportunity for salespeople because the naysayers and grumblers have already given up, leaving more territory, more opportunities to be successful than in a good economy when virtually all salespeople are out there, giving it their best.
Why all of these quotes and inspirational video? I am feeling very motivated. Motivated, nervous, umm maybe more like scared but very, very excited. Why? Well there are several reasons…. all personal. I am sharing to motivate ALL as well, to take my example and to run as fast as you can with it.
What have you wanted to do? How did you want to live? What would you like to leave to your loved ones?
Always understanding that I would eventually dig into Real Estate with both feet, I often just dipped my toe in to test the water, or sometimes one foot. I think I have finally convinced myself to get in and sit down. I have begun several changes in my career to facilitate this change.
- I have just changed Real Estate brokerages from BHHS Fox and Roach- Jenkintown (formerly Prudential), to Realty Mark LLC Real Estate.
- I have begun (with a few friends) again the Real Estate Investment group Venture Investors LLC.
- I have pushed into commercial real estate with a few deals already working.
I will explore all three of these and what they mean to my overall outlook. First RealtyMark.
Why Realty Mark LLC you might ask? Well I have a great deal of reasons why I moved to this brokerage, but I will only list a few (Please don’t take his as an advertisement).
- Agents live by commission: At BHHS i DID NOT pay a monthly fee but I did pay for my E & O (Error and Omission Insurance) at about just under $700.
- I also paid for the office fees at around a shade over $800.
- I have the percentage of my commission going to the office/ company to the tune of 40%.
At Realty Mark
- I will currently pay $100 a month for the year.
- NO E & O insurance.
- I receive 100% of my earned commission (minus $275 each transaction).
- With 15 point transactions, me and my wife will be invited to a cruise.
- A limousine ride to closing for my buyers.
- If I expand to another state, I only pay that one $100 a month.
- Television exposure for not just my company but for my listings.
- Will have to rent signs with a deposit.
The math looks good but there is much more into it and the JOY of being an agent and independent business person. Many other perks to mention. Now I know that NO arrangement is perfect but moving in the diction you believe best for you and your family is ALWAYS a good idea. I think this situation incentivizes me growing my business to do better.Resurrected from previous deals a couple years ago, me and a group of friends have begun a real estate investment group focusing on Real Estate acquisition, renovation and sales as well as other possible Real Estate ventures. Won’t go into the entire particulars but we invest, gain capital and financing and rehab houses to share the profits. It is not a “get rich quick” type of investment but it DOES have proven income generation potential (passive income: the best there is).Any time a person can do something to make their own future they need to be commended.By the way, I am reading (actually audiobook) a great book that I will share with anyone who comments a copy of the book. “The eMyth Revisited” by Micheal Gerber.So comment and leave an email to receive the book. This is a teaser:
The first step to financial independence is to purchase a home, the second is to start a business or entrepreneurial opportunity (sometimes not in that order). Everyone always hears the old cliche of “No one will pay you what you are truly worth except you“. So begins the journey again for us finding another avenue on that road to financial independence.I have always been interested in Commercial Real Estate and the many facets of it, so although I did not do many deals working through them, I read, reviewed, watched and studied to prepare for that. Commercial Real Estate is a different animal from Residential, but the middle ground that exposed me to the Commercial side is from dealing with Multi-Unit properties. Multi-units are treated generally the same as Retail or Commercial properties where what is most important is the earning potential or “Cap Rate”.Enough about that, that we can save for another post.In short, if you are or were my client, you may receive an email detailing more specifically my change in brokers as well as the benefits to YOU as a client. So if I see more excited about Real Estate in general, you have your answer.Happy Hunting.