Why Get Into Real Estate

Dated: September 23 2021

Views: 107

Why Get into Real Estate?

 Why I Get Into Real Estate

By K.K. Rothermich

Real estate is the bomb! 

So is being a "bomb" a good thing or a bad thing?

This is an interesting and thought provoking question and one that most people would think was self effident. 

I, myself got into real estate to make money and to set my own hours and to work for myself.

That's what most people would tell you, but if you stop for one moment and think about that statement, you will find out that you really do not always get to set your own hours and unless you are selling a boat-load of homes each year you don’t make a ton of money...

… at first anyway.

Nobody goes into real estate saying to themselves, “I want to work for no less than 1-2 years making almost no moolah and being on the clock 24/7 at anybody and everybody’s beck and call.”  Because, if they did, there wouldn’t be very many people in real estate.  At all.  Few take you seriously until you’ve been in the business a few years and built up your client list. 

But the real key to all of this is understanding why you want to be in the real estate business.  When you figure that out, you will have overcome a large hurdle.  Let me share my story.  Maybe this will help you understand.

I started my career in real estate in a round about way.  This happens to many people as well.  I worked in economic development for 11 years.  This particular organization where I worked is a quasi-public organization funded through 1/3 business memberships, 1/3 county funding, and 1/3 SBA small business loan servicing fees.  Because of this, I got to know a lot of business owners, public leaders, and civic leaders.  It was a fabulous job and where I learned about the business world. 

But like many of us in our careers, you either grow  or you move on.  I had gone as far as I could go by becoming the Interim Executive Director.  It was time to move on.  The guy I was dating at the time decided to get his real estate license.  Knowing what I did about commercial real estate and growing the community’s economic base through attracting new business and sustaining existing business this was a great match for my skills. 

I began my career like most selling houses in a very tough market.  Back then, people held onto their homes much longer and did not move as often.  I continued going to chamber and economic development networking events and because of the numerous people I knew I was recruited to sell commercial real estate.  This was a fabulous career path and as I grew in my knowledge began to see real growth and income. 

Then, thedreaded  housing bubble hit.  I was selling residential development land and nobody was buying homes much less building them.  Builders were losing their land back to the bank.  The market tanked and I was stuck.  Like many real estate agents I took a job again, but when the housing market started to come back, I chose to go back to real estate, but this time I moved over to residential home sales.

Life ebbs and flows.  Our interest changes through our experiences.  We may start out in one place and before we know it we are in a totally different place. 

As you gain experience and get to know the market, you, too will ebb and flow in your real estate career.  It may not one that grow quickly, but if you pour your heart and soul into learning it and learning it to the best of your ability; taking great care of your clients; and enjoying the work it can become highly lucrative. 

Most agents will learn to invest as they grow their careers.  This will provide for passive income into their retirement years.  It isn’t easy.  It sounds easy, but like all industries there is a massive learning curve, mostly sink or swim, and you must have a plan in place that focuses you on meeting your goals. 

If you've been thinking about a real estate career, I am a certified mentor, coach, and cheerleader for all my agents!  Call or write to me today, and we can chat about what it is you are looking for in your real estate career.

Be sure to check out some of my other great articles to help you be a better agent and to focus and expand your real estate career:  https://www.linkedin.com/in/karenrothermich/detail/recent-activity/posts/

K. K. Rothermich is a 20-year real estate veteran with experience in listing and selling homes, farm, and commercial residential development land. She wants to talk with you about all your real estate questions, comments, and needs. You can reach her for a free consultation at Karen.rothermich@exprealty.com. Visit her website at karenrothermich.exprealty.com and karenrothermich.exprealty.careers

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Karen Rothermich

Experienced. Professional. Responsive. Experienced - Licensed since 2003 in Missouri and Kansas. Professional -- Loyal and knowledgeable. Responsive -- ready to help you sell your property. She has ex....

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