Residential vs Commercial and/or Investment Sales as a profession

[Account Closed]

I thought for a while to consider look into being a wholesaler, but to be honest, after calculating the potential costs, the time you need to put into the deals, the people you have to deal with (including title companies, potentially lawyers, dealing with inspections, dealing with appraisals, doing the comps of the deals and more), I decided that wholesaling seemed to be a long strech idea, as it is a position where you make much less than people think (all the social media gurus are pathological liars), and would rather do something more realistic.

I am debating on what would be a good profession instead. Should I look at let's say Residential Sales or Commercial/Investment Sales. One idea I was thinking is to work at a New Western Acquistions style company. Do such companies require you to go to properties randomly at different hours? Do you have to take people to properties like you would with a residential real estate agent who sell homes to families and couples for primary residences? Because I am good at looking for distressed properties and organically generate leads. I can also be able to build contacts with investment companies (specifically investment companies that have cash up front in their pockets)!

What about working at a Commercial Company like Marcus and Millichap? Is it a position where also you have to drive people and show them properties face to face? Because I feel like I can build skills that can enable me to be able to prospect for off market properties and refer the properties to people who already have cash to buy the properties. (I believe cash is king because dealing with lending and financing makes issues more complicated). 

I think Residential Sales seems to be appealing, but honestly, I don't feel like I would like to work at these super random hours, drive people around and add a lot of wear and tear to my car.

Tell me how a work environment for an Investment Sales firm (like New Western), Commercial firm (Marcus + Millichap) and a Residential firm (Remax, Coldwell, etc.) would be exactly like and let me know which one is preferrable for someone with a set of preferences like mine.

[Jordan Moorhead]

Whatever you decide if you commit and work at it 24/7 for 5-10 years or so you'll have massive success! The real estate industry requires much more commitment/ time and effort than many other industries but the rewards can be huge.

Be ready to work and never pass up an opportunity and you'll be good!