Posted by Kristi Jencks on Wednesday, December 22, 2021 at 4:11 AM By Kristi Jencks / December 22, 2021 Comment
Many people who are looking to invest in real estate ask the question "should I do this as a hobby?"
There are pros and cons to both, but in this video, we'll explore why it may be better for you not to think of real estate investing as a hobby.
The top 25% of the agents control 73% of the market and the top 50% of the agents control 91% of the business. That means if you are not in the top 50% you are getting 9% of the market share.
The risks of running your business like a hobby? No true momentum- a roller coaster business having money and then valleys of no money. No market experience and intelligence- not doing enough business to keep up with the agents that are doing all the business.
Not enough business left for you to really make the money you need it is super competitive
Most likely you will have a negative balance sheet after a year of part-time real estate. It is expensive to do real estate part-time.
Not Servicing the clients like they should be serviced. Not giving them the time they need in a competitive market.
Not staying up to date on tech and tools that will help you be a great agent.
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