Young entrepreneur in need of help!

You've come to the right place, Isaac. Real estate isn't exactly easy to start a (successful) business in. It's another one of those sectors typically dominated by large companies. Honestly, I would advise not going into it. I'd suggest you consider a method of close evasion. What kind of business can you start relevant to real estate, but one that's not selling business? If you can aid the big companies, you're on your way to profit.

 

Well, this community is a great start, considering we are an entrepreneur forum full of driven individuals looking to create change in this world. Referring back to your main post, I wouldn't say that going into a house with a bunch of individuals and "getting sh*t done" is very effective. It's more of a fake stereotype that people seem to think is effective, similar to people having glass whiteboards after "The Social Network" was released and there was a scene of Mark Zuckerberg (portrayed as a typical nerd) drawing on a white board. So don't fall under these stereotypes. Find what works for you, experiment, mess around, eventually you'll find what works for you.

 

I agree with Griffin! If you really want to make good profit then you can help big real estate companies..

 

Hello there, @Isaac Kieffer! Welcome to the forum. We're glad you've joined us here. Well, I believe you've come to the right place as this online community would truly be helpful to you. Looking forward to hear more about your business ideas, and real estate ventures. Wishing you all the best.

 

@Isaac Kieffer Hello and welcome to EntrepreneurFix Forum! I am also into Real Estate as a part time Sales Consultant. It is not that easy to make success in this kind of work or business. You got to have the right place, time, people and team who will be there with you in guiding and supporting you and in venturing the in's and out's in the Real Estate business. But don't worry because you had came in to the right forum and you will surely learn many things in this forum. Well, good luck on your Real Estate venture!

 

Real estate is not easier or harder than any other businesses. It is a great proving ground for a person to discover if they can run their own business. All Realtors are independent business people. All of them. You have to establish your own market, your own schedules, your own networking, etc. It is a great training ground to test your self control because you make the decisions as to whether you will work or goof off.

I spent 9 years in commercial real estate in Las Vegas as part of my startup firm. I spent 8 years in high end residential real estate in Central New York. I am certified as a Previews International Agent, I am certified by the Institute of Luxury Home Marketing, I am a certified member of ICREA, and a host of others. So when I tell you the following, it comes from experience. Building a real estate business is a great proving ground to determine if you can operate as an independent business person.

The toughest part of real estate is the same element that can be found in any endeavor that requires one to test their individual ability to be independent in business, that is prospecting. A successful prospector is a unique individual because they have an innate ability to not give any weight to how many "no's" they get while prospecting. The successful prospector is polished, has rehearsed their scripts for presentations and discussions, and is relentless in getting their appointments schedule filled.

Failing to become an expert prospector is the number one cause of failure in real estate and most all other independent professions.

The best thing you can do is join a Coldwell Banker, Berkshire Hathaway, or any big broker that has an in house training program. Once you get through their training and you have your business generating closings, then you can reach out to a high tier trainer like a Bob Corcoran, a Mike Ferry, etc. Just remember that one of the most important elements as you go through this process is to stay away from spending time with anyone that has negativity about the business and/or prospecting. Stay completely clear of them, they are in every real estate company and they are a plague.

I promise you, I can GUARANTEE YOU, that when you become a prospecting gorilla that you will have the world at your feet with most any business! THIS IS WRITTEN IN STONE!!!

 

Hi!

My sister used to work selling condominiums which is a bit like real estate, I guess. So aside from giving flyers around and waiting for walk-in clients, she also used the internet to get clients. She posted on several websites about their condominiums and advertised there. She got many clients from the internet because of this. And most of her clients that continued on with the investment are from the internet as well. So I recommend you try this method of getting clients.

Next, regarding living with fellow real estate entrepreneurs, I think that's fine too. My sister also used to rent an apartment with her workmates just because it's closer to their work. They were also better able to think of strategies and tactics to get clients this way.

Good luck!