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Updated about 1 year ago on . Most recent reply

Account Closed
9
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HI! Can you give me some advice?

Account Closed
Posted

I'm new to bigger pockets, and I've been in real estate for about 5 years now. My team is currently closing 8-10 deals a month. Which is great! But I wanted to leave my team and go solo since I'm the one giving them the listings and the closings. I think I'm good by myself. The question is, Is it right to do so? or am I being selfish? hope someone can give me some advice. Thanks in advance!

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81
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Christopher Jason Lloyd
  • Real Estate Broker
  • Newport News, VA
81
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92
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Christopher Jason Lloyd
  • Real Estate Broker
  • Newport News, VA
Replied

Its nothing personal, just business.

From the outside looking in, it sounds like it should be your team.  If your loyalty means something and brings you satisfaction, maybe partner with the current owner for a portion of ownership in the team.  I would be straight up and say "I really appreciate the mentorship and guidance along the way but I am now at the point where I would like to take my business to the next level and I wanted to see if you would be interested in a joint venture."  That all being said, they must provide value.  If you are the only one providing value, there's no business sense in keeping people around that provide no value - at this point, it should be YOUR team.  A partner is a partner in the BENEFIT AND STRUGGLE.

I am a big loyalty person too but many people are not.  Hypothetically, if you tumbled down and started failing, would they be there for you?  Are they as loyal to you as you are to them? 

  • Christopher Jason Lloyd
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Chris Lloyd Real Estate Team
4.9 stars
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