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Updated almost 6 years ago on . Most recent reply

User Stats

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DuBeaux Dingle
  • Realtor
  • Northern Virginia
31
Votes |
17
Posts

Why aren't realtors investing?

DuBeaux Dingle
  • Realtor
  • Northern Virginia
Posted

Hey BP,

I'm relatively new as a real estate agent, but one of my main goals are to become a successful investor, focusing on building a portfolio of rental properties (hard to find cash-flowing properties in the Northern Virginia area btw, from what I've seen) 

As I haven't "made it" yet as an agent, it's crazy to see that the agents who are making good money, aren't investing themselves, with all the resources and tools they have at their disposal.  

Why is that? I feel like it's especially needed when you have a commission-based job

Most Popular Reply

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10,252
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16,112
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
16,112
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10,252
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

Like any industry, the Pareto Principle applies. 80% are average, 20% rockstars.  I'd venture its even closer to 90/10.   The agents that are here contributing to BP are def the top 10%. 

I ask the same of contractors.  Why don't you invest? You get calls from people with house problems all the time.  They look at me like I have a 3rd eye even though this is the 8th different job I'm hiring them for. 

Investing to hold a cash-flowing asset does not cross most sheeple's, I mean people's,  minds.   Baa-ah, gotta get to work. Baa-aah, it's almost Friday. Be grateful there aren't more of us :)

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