getting into real estate is like having a baby ....you are never ready.
If you are thinking about getting into real estate.. I would like to recommend to buy and read "The Millionaire Real Estate Agent" By Gary Keller. founder of Keller Williams. It will teach you everything that you need to know about Real Estate. Talk to real estate agents and ask them about their experiences and what it takes to be successful in the business. It is not as easy as it looks. It is doable though...
Annabelle A. Lee, e-PRO
Certified Short Sale Professional
Sudler Sotheby's International Realty
919 N. Michigan Ave., 3rd Floor
Chicago, IL 60611
Is now the time? Are you thinking about giving real estate a try?
Kathleen has provided the best guidance. When you choose to become your own CEO the factor that determines success or failure is COMMITTMENT! Doing whatever it takes to succeed! Commit to getting the education, working, developing the business plan, working, adjusting the businesss plan, working, implementing the marketing, working, measuring the results, working, analyzing the buyer, working, analyzing the seller, working, knowing your market and not being afraid to do a little work.
If you are thinking about trying real estate...save your money...but if you see the goal and can commit ...then there has rarely been a better time. As your successes multiply you can delegate the above redundancies.
That said, I'll tell you what I think about the timing... I believe that the time for smart, forward thinking people to "get ready" to pursue a career in real estate. We do a lot of research on economic trends and how they affect the housing market and recently we've seen more and more indications that this housing market is turning around. You can read more about the specifics on our "Good Real Estate News" blog. I'll post the address as a Web Reference so you can take a look.
Whatever you decide I wish you the best, Jorge!
That is what you are doing. You need capital to carry you over the lean times, knowledge, proper training but most importantly knowing that this is YOUR business. You do not work for the broker, you work for yourself.
Make sure you have an exit plan if things do not go your way.