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Updated about 7 years ago on . Most recent reply

User Stats

34
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22
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Duane Smith
  • Robbinsdale, MN
22
Votes |
34
Posts

Quit my job to become a real estate agent?

Duane Smith
  • Robbinsdale, MN
Posted

Hi All!

I've posted about getting my real estate license, and now that I'm taking the plunge I've spoken with an agent and a few friends. My question is if it's worth it to simply leave my 9-5 and jump into real estate sales full-time.

I probably have 2 mos living expenses saved up, so I would need to be productive right away. However, with what I want to do with real estate (replace my income, build a real business, become an investor), I feel it's nearly impossible to do it on a part-time basis.

What should I do? Take the plunge (pulling 70 hrs a week starting from the ground up hussling) or should I keep my comfortable job and be patient for the real estate side to pick up slowly overtime as I transition.

I want to say thanks in advance for your responses!

Most Popular Reply

User Stats

2,664
Posts
1,863
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Dawn Brenengen
  • Real Estate Broker
  • Raleigh, NC
1,863
Votes |
2,664
Posts
Dawn Brenengen
  • Real Estate Broker
  • Raleigh, NC
ModeratorReplied

@Duane Smith I would get a bit more saved in reserves before quitting.  What's your potential savings rate like if you pared down all expenses?  Can you work a few more months and build to a six month reserve?

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