Sick of Dead-End 9-5

[Cameron Rees]

Hello, my name is Cameron. I have worked construction for the last 6 years and can’t take it anymore. I am very interested in real estate investing and have been cramming as much reading and studying in that I can handle. I’m interested in becoming a real estate agent. It’s a whole new world for me as I’m also trying to learn the trade. My concern is I live in a rural southern Minnesota and have a mortgage. Is it realistic to make a living as a real estate agent with minimal houses near me? Is there anyone in the area that can recommend which broker to go with? This is my first post and all insight will be greatly appreciated! Thank you

[Tim Swierczek]

@Cameron Rees It certainly can be done, people quit their jobs and become Real Estate agents all the time.  Most start part-time and build a base of business first and that is definitely what I would recommend.  

I don't know enough about Sleepy eye to know how much business there is in the area, but one factor is the number of transactions, the other is the dollar size of the transactions.    As a new agent, you will be required to work for someone else so I would contact the local brokers and meet them for coffee, ask them lots of questions and see how it sounds.  

Pick the one you like the most that you feel would provide you with guidance and preferably let you work on their deals since you really do need transactions to learn.  Don't worry about commission splits to start you need the training and transactional guidance.  Once you learn you can always renegotiate your pay or leave for another broker.

In short, I would not quit your day job yet.  Get started part-time first.