Underneath the tweaks there are legitimate points that I previously agreed with, you can pull any of my 1000+ responses here or hundreds of various blog posts and see that the "it's not rocket science" is used liberally - we're not going to Mars and back. In a weird way, Iâ€™m not really your opponent but Iâ€™m rather trying to figure out where your realtor jealousy lies.
Unlike your job which is likely salary driven, this job is paid when you close - huge difference. I work seven days a week, a good 14 hours a day. I'm fortunate to be a Swiss army knife - I can adjust my appraisal volume to meet the requirements of my broker business. I also happen to enjoy this in some convoluted way as Iâ€™m not chained to a desk or working my butt off for someone else. Those knock off deals that you think are so easy are also mixed in with the deals that blow up after weeks of attention for which we get zero compensation - as a paid by the hour/salaried employee you don't worry about that. The listings we take are out of pocket expenses in time and money, when they donâ€™t sell or the client pulls them who repays us? The easy deals mix with the complicated deals mix with the non-deals.
Typical, you go right back to the â€œbooksâ€ in running math. Your example is wonderful, and the math supports your position â€“ and itâ€™s also out of context. You are an expert, the vast majority of flippers are nitwits. Consider the variables: if the math completed to estimate purchase price is wrong, repair estimates wrong, estimated value after repair is wrong, estimated cost of repairs is wrong, estimated time of repairs is wrong, estimated scope of work is wrong (mold is missed a good 90% of the time), estimated marketing time once offered for sale is wrong, targeted audience after renovation is wrongâ€¦.then your snippet is nonsense. Most folks â€“ not you â€“ will need guidance on that. Of course handling the contractors, billing and quality of work are also issues â€“ for others.
You might think I was kidding when I said I see real estate â€œexpertsâ€ stacked on the foreclosure steps â€“ Iâ€™m not. I do good 50-60 foreclosure appraisals a month â€“ thatâ€™s the only appraisal work I do â€“ and probably 25% of those are â€œinvestorâ€ homes that were purchased, rehabbed to some extent and lost. Why? Because the dummy owners thought they were going to save money like Carlton Sheets said and like they saw on HGTV. The biggest reason for them burning out is a lack of understanding about market trends, level of updating to do and return on income. Of course they also fail to research carrying costs, selling costs (damned blood sucking agents) and the aggressive buyers coming at them â€“ sharks eat sharks. The last gasp on many of these come with â€œdiscountâ€ agents â€“ you know the type, the ones that charge flat paid up front fees â€“ and believe it or not, they donâ€™t sell. The vampire agents though, being paid in advance, donâ€™t lose sleep.
For the umpteenth time on here and everywhere, let me say that more agents need to go and that this business needs to raise the performance and requirement bar. This remains a part time profession for many and the public at large loves to complain about realtors but does nothing to force change. Few adequately interview and vet them, too many use DNA agents (part time friends/family) without regard to skills or experience then whine and the industry is concerned only with collecting fees. How many more nonsensical designations can be invented? A competent agent doesnâ€™t need to waste money on alphabet soup designations â€“ you get infinitely more from working every day.
Almost last point; is your vitriol also directed at lawyers, CPAs, mechanicsâ€¦..etc? Are you stocking the shelves with â€œfor Dummiesâ€ books on all of that as well? Handling all of that yourself to avoid blood suckers in those fields? I hope youâ€™re getting into the health care issues and insurance companies, which makes bloodsucking agents mosquitos on a cowâ€™s butt. Handle that then bring the troops back â€“ actually get them back first.
It sounds like thereâ€™s a closeted realtor here, clearly thereâ€™s a jealously and a desire to live this extravagant lifestyle. I would submit that if you could break the chain, embrace chaos, deal with personalities you simply cannot imagine, many folks that refuse to acknowledge hard data and do it in a business now partnered with a wonderfully caring administrationâ€¦.and get paid only if deals closeâ€¦.then you should join us. Most people donâ€™t have the guts to work a job like this with no security, no guaranteed pay check or even client base, no benefits, little to no support, no vacations and really no respect (which we are to blame for).
You have a few good points, several that I agree with but I think weâ€™re going to agree to disagree to most others. Gotta run, need to go swamp a few sail boats with my Donziâ€¦..