To be or not to be. A real estate agent.

[Sage Fradley]

I am turning 30 this year and I am at a crossroad in my life. I have a well paying job working on the road sometimes 45 days straight 7 days a week with no idea of if or when I will be going home. it's been very time demanding to the extreme of barely being able to listen to podcasts, read, or even research and analyze possible leads. I sleep in my own bed maybe 50 nights a year. Even long distance REI in not practical because I work long 10-12 hour days and have just enough time to eat and sleep and do it all over again. I was able to complete a successful house hack BRRR over the course of almost 3 years. So I plan on going back to school to get a job that would be more convenient to have a family and more free time for REI. Before doing so I have been thinking about getting my RE license to assist with deals and immerse myself the market. I am also process of forming a team and an agent would be a good pillar of that team. Is there any objections or reasons why I shouldn't get my license???? I live in SW Florida in-between St-pete and Sarasota. Thank you for time. Sage House hack BRRR was a 5 bed 3 bath SFH. I paid 169k I put 49k down and about 30k into it in August 2015. Appraised at 250k took 80% paid off my private lender and got all cash back out. 300 a month positive cash flow. Now I need to repeat!!!

[Russell Brazil]

Like Jay said, huge wash out rate with agents. It is about 90%. Huge income potential, but most struggle to get by. Im in the top 1% of agents nation wide and honestly I know people who struggle to make a living doing this that have more inate talent at it than I do. Sometimes it can be hard to figure out why someone succeeds and another fails at it.

97% of small businesses that fail, do.so because they are not properly capitalized. That is one of the main reason Id say agents fail.  You are running a business, which means you have expenses whether you have income coming in or not. If you want to be successful, Id have a budget of $30k in year 1 for marketing.