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Updated over 5 years ago on . Most recent reply
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Completely New to Real Estate
Hi all, I am completely new to Real Estate with only a foot in as a new Realtor. Though I am an agent, my end goal is to be a Investor. I am at the point where I have no money, In a little bit of debt, scrambling around to find my first client/deal yet I don't know where to go or what to do. I work around the DFW, Texas area so If anyone have good advice for me, I would appreciate it.
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Welcome to the real estate team! :D I am two years into real estate in the Chicagoland area, so it wasn't all too long ago I was in your shoes. First off, the fact that you're here on BP, asking for advice says ALOT and you definitely want to keep up that network momentum.
As far as being an agent, the first two years are pretty difficult. FOCUS ON FAMILY AND FRIENDS. You want to get your SOI (sphere of influence) typed up or written down and saved. This includes names, phone numbers and their addresses. If you haven't already, send out your introductory letter saying something along the lines of "I've decided to pursue a career in real estate...please remember me for any and all of your real estate needs..." you get the idea.
Other things to help kickstart your career:
Help out with open houses! Many of the agents at your office probably need help and this is a GREAT way to pick up buyers.
Start farming. Pick an area (about 100-200 houses or 4x4 blocks or 2x6) close to you that you would like to consistently target. Send them out flyers or postcards, right now I'm sending out summer flyers (planting/landscaping tips), and other useful information you can send homeowners.
As long as your continuously work on these tips, you should be just fine. Good luck and feel free to message me if you have any other questions!