How Can I be Successful at Being Real Estate Agent

Question

So I'm 16 years old and I was thinking so much about what would I do in the future, I'm planning to have a job of being a real estate agent so I could have some income to invest in real estate and as well as to learn how to sale because that's my weakness but I still have this doubt if that would be a good idea if I want to be a real estate investor. I want your advice and opinion about this because I'm really so confused for what I'm going to do in the future, to I invest in real estate.

Marcus Auerbach · Answer

Focus on a corporate career first, they will pay for your training. If you want to be in sales maybe start with retail. You can then upgrade into commercial sales, like construction equipment. Choose companies that have great training programs, they will invest in you and pay you while you do it.

It is very hard to be an agent under 30 years old, it can be done, but it's hard. People prefer an agent who is older than they are, not younger.

Your first move as an investor should be to house hack, buy a duplex, rent out one half. That's a no brainer and you can see how you like it.

David M. · Answer

@Joshua Ramos

Are you planning on being a full time real estate agent?  Just remember, like any sales profession it is hard.  The National Association of Realtors (NAR) own statistics show 75% of agents drop out in their first year.  About 90% to 95% as a I recall drop out by their 3rd year.

If you want to invest, you should focus on trying to figure out a solid career for yourself.  Its called "investing" and not a "job" for a reason.  You need to have income to qualify for loans.  Otherwise, you are looking at doing more complicated/advanced borrowing techniques.

Communication is key to really ALL job/trades.  Possible exceptions are "production-type" jobs such as factory worker or just stocking shelves.  But, being able to communicated clearly is necessary really is any job.  You might want to find a job where you are communicating with other people "in house."  I feel you have a better chance of getting constructive feedback. If you are doing HR and interviewing prospective hirees, unless another HR person is sitting there next to you all day, you will have no idea if you are basically talking like a 'blithering idiot.'

Anyway, you are pretty young. So, job/career selection is relatively wide open for you and its a pretty big topic.

As for learning to sell, your broker should have programs or a mentor that will help show the ropes to be a real estate agent.  There is definitely a bunch of stuff.

Here are some other threads that perhaps you might find usefulhttps://www.biggerpockets.com/...

https://www.biggerpockets.com/...

Good luck.

Joshua Ramos · Answer

Thank you so much for that reply!

I'm thinking about being human resources do you think that would be a good idea to improve my Communication skills as well as to have a good income to invest in real estate?