All Forum Posts by: Johnny L.

I remember hearing the average agent makes like $35,000/year.

Look at the agents who have "teams."  They're the ones making a killing.  They have buyer's agents and selling agents.  They have an office manager. 

That's the way to make the big bucks.

The reality is no matter the profession chosen the strong not only survive but thrive to heights not reached by many. Decide what you are passionate about taking the money out of the equation and make the decision to be the best at it.

Most people in life are just mediocre. Mediocre eeks you out  a living. Mediocre makes you just a number. Mediocre let's you set low goals and not challenge yourself to see what REALLY is possible.

Being mediocre is a CHOICE. Most people see the success but they do not see the hard work behind the success. They want a quick buck with little effort. Some of the greatest achievers I have read about in books and watched documentaries on failed and fell flat on their face many times. They never gave up. It is tough. You will be challenged everyday to get better.

Becoming a successful agent is a lot like networking on bigger pockets.

How many times do we all see people who come on the site and make a few posts looking for potential partners then later they disappear?

Last year I purchased over $1,000,000 in real estate via J.V. partnerships with bigger pockets members. I also sell & manage many more properties for members of bigger pockets.

Take a look at my post count. It's not a coincidence that I found these other members to purchase these properties with me or have my company manage them. 

I met these members through persistence. Grinding it out every single day. Providing quality content, updates about my market and welcoming newbie after newbie that has a dream to get involved in the industry. 

@Johnny L.

You and I had the same thought. It's possible to do - I hit the 6 million mark 2 years in, and haven't looked back. We've been extremely blessed. If you work hard and do what works, it's very possible. Most realtors don't succeed because they don't want to do the simple things or they are lazy. 

Johnny,

As in every other career, you can be very successful as a Real Estate Agent if you are passionate, persistent and dedicated to the profession.  Being a Realtor is not for the faint of heart.  If you think a Doctor is the only career where you work 24/7 than you are in for a rude awakening.

I've seen Realtors easily make over 100k.  It's tough when you first start out.  Basically you have to let everyone you know in your SOI (Sphere of Influence) that you are in Real Estate and continuously remind them with all that you do (i.e. open houses, listings, closed sales, etc).  With social media these days it makes things a lot easier but that's not enough.  You have to pound the pavement, knock on doors, send out postcards, hold open houses for other agents under your broker until you start making money.  Eventually after a year or two you will start getting referrals and that's when your career starts to take off.

I know agents that are very successful and its only because they have been at it for 10 to 15 years.  If you love helping people sell their homes or find that perfect home than you are going to enjoy this career no matter how gut wrenching it can be.  No one prepares you for how emotional of a transaction this can be for buyers and sellers.  Be ready for that!

The great thing about being a Realtor is you can make as little or as much as you want depending how hard you work at it.  If you are the type of person that will knock on a FBSO and introduce yourself every time you see one and be persistent enough to keep coming back for 10 weeks until they list with you (and they will)...then you will make a killing.

Good luck brother!

@Johnny L.

If you are only selling 10-15 houses a year, there is not much money in it.  The fixed costs are just so high.  We don't really start making any money for ourselves until we hit about 5 million in sales.  We probably spend $100k on business expenses and splits every year, although our office caps our split a very fair amount.

Are you thinking about becoming an agent or just trying to get some clarification?

Top 20% do something like 80% of the sales volume.

If you put in the time selling 30+ homes a year is very doable.

I recommend getting a real estate license. You have so many different ways you can monetize your leads..

Hi, it depends on your goals.

I've had my license for 7 months and had 2 buyers close and had 2 listings just go on the market.  I work 40 hours a week besides that and have 5 rental units I manage.

My goal is to attain passive income.  I got my license so I could turn all leads in to $$$.

Depends on how much you are selling.  I know plenty of agents that make multiple 6 figures, but they work their asses off and that's definitely not the norm.  Most agents dont make much, but they also dont treat it like a bu

Depends some on you market.  Hard to make much selling $60k houses at 2-3%, pretty easy selling $600k houses at 2-3%.