Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Agent
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago, 07/21/2018

User Stats

1
Posts
0
Votes
Alejandro Jimenez
  • Vendor
  • Hillsboro, OR
0
Votes |
1
Posts

Should I stay, or should I go?

Alejandro Jimenez
  • Vendor
  • Hillsboro, OR
Posted

I am a licensed real estate agent out of Beaverton, OR. I am now going on my second year with the firm that I started with when I first got my license. Our annual transactions as a company for buyers/listings in real estate are low (2-5 deals per year) by most standards in real estate. We deal mostly in the public sector, doing corporate housing for all bureaus of the Gov. I am still trying to get my first transaction/client, and ultimately my goal is build leverage from my initial deals to generate more leads and more business to make a full transition into running my own RE practice.

Recently I have been contacted by several firms who are interested in meeting (I have two meetings scheduled for next week) and possibly joining their team. This would obviously mean that I would need to leave my current job in pursuit of the change. 

My ultimate goal like many other Realtors is to become successful enough to have my own office, and hire my own employees. And in the short term I need to find a way to increase my annual income. The reason I am striving for more income is so that I can save my mothers house from going into auction. I am not able to to get a favorable loan at this point, like many others due to my unfavorable debt to income ratio. I would be willing to partner, however I have not had the opportunity to do so at this point.

My question is for anyone who has insight, or has been through the experience of making the decision whether to move from a small family practice, to a larger more reputable firm?

Some of my pros and cons for leaving current employer versus staying;

Pros

Greater growth potential as self employed Realtor;

More access to marketing tools;

Can start building RE business off of the affiliatIon of a more reputable firm; 

More practice by repetition; 

Learning opportunities in the public sector (government contracting for corporate housing)

Cons 

Leaving a more secure job (hourly wage, health benefits, PTO, etc.) ;

Starting over, and not being considered for a conventional loan as a new 1099 earner; 

Will not get to travel for work anymore; 

Stable work environment with people that I enjoy working with

Thanks for taking the time to read/answer my 234235290 word essay :)

Loading replies...