New Real Estate Agent

[Whitney Breedlove]

Hey guys,

I’m considering quitting my job in the next year to become a full time real estate agent. I’m currently the bread winner for my family and I’m wondering how hard it is to support a family working as a real estate agent full time. I know this largely depends on the person but I’m pretty terrified to take the leap. By the time I quit I’ll have enough money saved to support my family for a year with no income. My husband is a teacher and we have 2 kids. I have a pretty big network and live in a highly sought after area of Houston (Clear Lake) where the houses are on the slightly more expensive side although we have a little bit of everything. 

Right now I’m an in-house transactional attorney for a big company. It’s a great job but I just have 0 passion or interest for my job and real estate is something I’ve always loved and I invest on the side. I also hope that being a real estate agent would give me more of a flexible schedule to spend time with my babies. Im not looking to make 6 figures my first year or anything but hoping I can work toward that after a few years. 

[Karl McGarvey]

I personally would not be giving up guaranteed income from a stable job until I have the business generating to replace most of it. So many new agents from the “Covid Era” flooding the market that not everyone will make it. Extremely possible to start part time and build business while working a W-2. Then after a year or two your RE business will hopefully naturally take over because you are so busy. Just my two cents, Im not a fan in blowing through my savings on a “hope” when I can reduce that risk.