HI! Can you give me some advice?

Question

I'm new to bigger pockets, and I've been in real estate for about 5 years now. My team is currently closing 8-10 deals a month. Which is great! But I wanted to leave my team and go solo since I'm the one giving them the listings and the closings. I think I'm good by myself. The question is, Is it right to do so? or am I being selfish? hope someone can give me some advice. Thanks in advance!

Scott Scoville · Answer

My goal is to train all of my employees to grow to the point where they can move on and create their own businesses. Building leaders and entrepreneurs will be a win-win for the company and for individuals. Best of luck heading out on your own!

Christopher Jason Lloyd · Answer

Its nothing personal, just business.

From the outside looking in, it sounds like it should be your team.  If your loyalty means something and brings you satisfaction, maybe partner with the current owner for a portion of ownership in the team.  I would be straight up and say "I really appreciate the mentorship and guidance along the way but I am now at the point where I would like to take my business to the next level and I wanted to see if you would be interested in a joint venture."  That all being said, they must provide value.  If you are the only one providing value, there's no business sense in keeping people around that provide no value - at this point, it should be YOUR team.  A partner is a partner in the BENEFIT AND STRUGGLE.

I am a big loyalty person too but many people are not.  Hypothetically, if you tumbled down and started failing, would they be there for you?  Are they as loyal to you as you are to them?

Dave Skow · Answer

Account Closed...whats the main reason ( s)  you are considering the move ?  I assume its to make higher income ?   if this is the case and if you are  able to  handle all the behind the scenes  needs/ requirements   ( or can hire someone that can ) - go for the  change .    Having  ample  safety net funds for a  4- 6 month period  helps too :)   good luck

Matthew Gentile · Answer

Luckily,

BiggerPockets is a good place to connect with like-minded investors and agents, just be sure to vet them outside of the forums. Not all agents will have your best interests in mind so protect yourself.

That leap you take to start a change in your life will typically always have some bumps and struggles, working through them is usually where the most rewarding growth happens.

Keep us updated how you are moving forward.

Matthew Gentile · Answer

If I were in your case, I'd iron out can I continue this level of success alone, if so am I willing to be a resource to my current team for payment? If they would flounder at your exit, you should command higher value for your service. It's not personal, it just part of business. If your teammates and colleagues are aware of your contribution they should understand that they need to step up upon your exit or make it worth it for you to continue for them.

But like Brett stated, be loyal to you before you're loyal to anyone else.

Brett Deas · Answer

Be loyal to your wallet, not someone else...

HI! Can you give me some advice?

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