Quality of Life in 70130>Question Details

Shawn Moore, Real Estate Pro in westbank new orleans

How are you doing in the real estate world.?

Asked by Shawn Moore, westbank new orleans Thu Jan 29, 2009

I am stuggleing in real estate right now and I am looking for new income streams,I'm thinking about networkmarketing any tips.

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7
lots of calls, fewer qualified!
1 vote Thank Flag Link Wed Feb 4, 2009
Out of control since Jan 3...from referrals, rentals, commercial and residential on clients and my business' properties...still working 7 / 10's or 12's.

The way to do it is diversify, network and never stop...from 7 am to 7 pm...and things will start happening. People are buying...one just have to do whatever it takes to satisfy clients
Web Reference: http://iansellsnola.com
1 vote Thank Flag Link Thu Jan 29, 2009
Shawn,

People are struggling all around us.....survival is all about making the best choices possible. For people relying on only real estate income as a source of survival times are really tough. Many of our area associates in this situation have moved to part time RE and are working other jobs to generate steady income.

We feel the key is to find work that some how contributes to the real estate business....and keeps those leads coming in.

Good luck
The Eckler Team
1 vote Thank Flag Link Thu Jan 29, 2009
I am waiting to hear about a part-time sales position which offers limited benefits & base + incentive pay, while i keep licenses active in 2 states ... i feel that it's better to preserve the investment i've made than to risk letting it go & having to start again from scratch at a later time ... i feel good about my opportunity to help buyers, sellers & investors, if i can just keep a roof over my own head in the meantime ... best of luck! Vivian
1 vote Thank Flag Link Thu Jan 29, 2009
Shawn,
I guess you have to look at all your options - but somebody told me many years ago- when it's busy, you work hard. When it's slow- you work harder. If you truly want to have Real Estate as your career, you need to put all your effort into that, and it will pay off. Partner up with successful Realtors in your company or mentor with a successful agent and use techniques that you feel comfortable with to ignite your business.
Just my opinion, but having seen the ebbs and flows of this business for almost 30 yrs, the ones that stayed in the game, always were successful.
(I did network marketing in the past, and it actually ended up costing me more than I made....)
All the Best to YOU!
Web Reference: http://GoPackerUp.com
0 votes Thank Flag Link Wed Feb 4, 2009
Shawn, I too am in the greater New Orleans area and I know it has been tough lately. I don't know about your office, but here in Mandeville we have been experiencing a surge in call volume since Christmas. The best source for business is of course referrals. Contact EVERYONE you know and let them know you are looking for properties to sell and buyers/invoestors. You'd be surprised how many people will start sending you business when they realize you are going to keep asking for it.
Thankfully, our area didn't collapse like many of the larger markets across the country. Yes it is slow, but it is already picking up as insurance rates begin to drop along with historically low interest rates. 10 months of inventory is not too bad!!!
If you are not getting the support you need from your broker, call me. I'd love to share with you.
0 votes Thank Flag Link Thu Jan 29, 2009
It's rough all over just now. Not sure how much experience you have, but my words of wisdom are to learn about doing short sales, foreclosures, mortgage mods (since that is most of what is selling now).

Additionally, start getting on lists to do BPO's. There is a big demand for that since the REO market is so hot, and not only will you make money for every BPO, you'll learn the market better, and how to do better comps.

You should also learn how to do real estate consulting, where you'll get paid for work that you do, WHEN you do it. For more info on that email me direct.

I also have some Network Marketing tips that are working good for some of my other agent friends if you'd like to email me direct, I'll share that info with you as well.

WARNING: Be cautious about most networking opportunities. Some require a lot of upfront money and time, with no ROI. The best thing to do is something that won't interfere with real estate so you can continue to hang in there while the market goes through this downturn.

Good luck!
0 votes Thank Flag Link Thu Jan 29, 2009
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