In Latest Blogs, Real Estate Career by Joseph RagoDecember 6, 2021
Are you overwhelmed with your 9-5 job? Or are you looking for more financial freedom to sustain yourself and your family? If so, you might want to venture into real estate. Real estate is a thriving industry, and being in a luxury market makes it easier to earn the fortune you desire. Get to know how real estate can make your dreams become a reality.
Real estate is also diverse, and you could choose several specializations to focus on, such as, residential sales, fix and flip, multi-family housing, leasing both residential and commercial, commercial property sales, etc. Diversity is one way a career in real estate can create a fortune for you.
It is essential to embrace the journey to success. When you start small, you will have less pressure to achieve success. Thinking about the money first will ruin your systematic growth as you will ineffectively implement strategies to work for the end goal. You can also learn the ropes when starting small. You could start with house flipping, commercial properties, single-family homes, or generally cheap property. This also minimizes the risks at first.
UNDERSTAND THE ECONOMICS AND FIND A MENTOR
The deals that look the prettiest are the easiest to find, such as a property with a tenant and management, which yields low returns. The most profitable opportunities are the ones no one else knows about. A strong economy and high consumer confidence along with low-interest rates enables consumers to purchase more. Human nature is such that if you really want something and the supply is limited, you naturally are willing to pay more for the product. This is true in real estate. When the market is strong, as we are currently experiencing, home sales frequently result in a bidding war between interested buyers resulting in a higher sales price for the seller thereby increasing the net income to the seller.
LEARN AND EARN
No matter how easy it may seem in real estate, skill sets are essential to gain a competitive advantage. Only with a competitive advantage will you be able to thrive in the real estate market. Information is priceless. You need to know the different ways to sustain yourself in the industry. These could be the key to dealing with your clients, effectively. Choose Inland Real Estate School for all your real estate training with a great founder and trainer, Dave McGowan. He helps individuals achieve their real estate dreams.
ABOUT DAVE MCGOWAN
Dave McGowan has developed a wide variety of skill sets as a real estate practitioner. Currently he is a designated managing broker for a large commercial real estate company. He has over 40 years of experience managing and supervising real estate organizations as well as over 49 years of sales and operational training experience. He is passionate about sales and real estate such that he trains others to make a living out of it.
Over the years Dave’s accomplishments or recognition has included:
2008 REALTOR® of the year;
2008 President Northern Illinois Commercial Association of REALTORS®;
Franchise and Corporate Sales Trainer for seven years;
President and Chief Executive Officer for a small regional franchise company;
Created and implemented professional training programs;
Conducted instructional seminars for as many as 1000 industry professionals;
A college-level instructor in sales, marketing, and business;
A licensed real estate licensee since 1976.
People have big dreams, but you must remember that a journey of a thousand miles starts with a single step. You cannot expect to succeed overnight as it takes focus, action and growth. It would help if you also kept in mind that someone like Dave McGowan, with over 40 years in real estate brokerage and education, has all the skills and experience to share with you and help you thrive in the industry. You can reach out to him through
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