19 Feb What Does it Take to Become a Real Estate Professional?
Your career path will largely determine your income. And a real estate career is among the lucrative ones. But how much effort will it take you to become a real estate professional?
I found an old internet survey that caught my attention recently. It featured certain career paths that are widely believed to be where people can earn the most money.
But what surprised me was that the perks that come with being a real estate professional seem to outweigh those professions.
What do I mean?
For example, you may decide to become a doctor, which means you need to spend around nine years in college. Then, once your practice is set up, you may only earn between $150,000 and $200,000 in the first years.
Or, you may become a CEO, who spent four to seven years in college and another 20 honing the business skills necessary to reach your position. And you are likely to earn $150,000 to $300,000 unless you’re hired by a Fortune 500 company.
And both professions often require you to spend enormous amounts of time away from your family.
To be clear, the survey I read was quite old, so the information could be a bit conservative.
Even so, the amount of effort and time required appears to outweigh the earnings.
So, how does being a doctor or CEO compare to being a real estate professional in terms of earnings?
On average, you’re looking at earning $26,503 per deal, though the money might not come all at once.
But if you manage to sell only 10 properties a year, you’ll be earning more than an aspiring medical specialist. And you’ll be getting close to what most CEOs make.
The best thing is that you won’t have to spend years in college to become a successful real estate agent.
It’s even possible to achieve success and still have the freedom to spend time with your family if you establish a career in real estate.
But only as long as you accomplish these four things.
The Four Things You Need
#1 – The Ability to Manage Expectations
The most common question I get from aspiring real estate professionals is:
“How long does it take?”
Now, I could talk at length about the timeframe, but that’s not the point.
You need to learn how to manage your expectations. After all, there are no push-a-button-get-rich schemes here.
You see, real estate isn’t where you can get quick fixes and short-term gains. Instead, you have to look at all of the things you need to learn.
To be precise, real estate professionals need a specific skill set and a game plan for their money-producing activities. And since these are things that you’ll be doing every day, I’m here to help you do that as fast as possible.
But I have to stress that mindset, particularly when it comes to managing expectations, will be a big part of your real estate success.
I don’t want you to be too caught up in the idea of making a profit.
#2 – Adaptability
To explain adaptability, let’s start with a quote from the Frank Williams book If You Must Speculate, Learn The Rules.
“If you are intelligent, the market will teach you caution and fortitude, sharpen your wits and reduce your pride…”
Simply put, this means that you need to be sensitive to market cues and act on everything that gets thrown at you.
And that’s precisely what we do within my family team.
Whenever we see a curveball coming at us, we act on it and change our programs and offers. We also do that for our checklists and legal proceedings that might get affected.
Simply put, adaptability in real estate means constantly learning about how to face challenges. Getting fixated on a particular strategy or deal isn’t going to move the dial.
#3 – A Commitment of Time and Money to the Business
Let me rephrase this as a question.
How much time and money are you prepared to spend to create the income flow that you’d like to have for the rest of your life?
Feel free to take a moment to think and write your answer down on a piece of paper.
But in reality, it’s not going to take very long to start making progress. Most of our students even did it within 30 days.
Conservatively speaking, it may take 90 to 180 days for you to learn the ropes and get comfortable in the industry. And after 180 days, you’ll likely have cranked out 12 deals at an average profit of $70,000 per deal. That’s with our help and based on the averages that our students have been getting.
So, let’s say you’re looking at $876,000 in six months. How much time and money are you willing to commit to that?
I bet you might be willing to commit all your time and money.
But here’s the thing…
That level of commitment might not be necessary, though. You just have to understand that this profession requires all your focus and attention.
#4 – A Proven and Simple System
You can only achieve the above numbers with a proven system. And here’s the deal:
Success leaves clues.
I can’t stress this enough.
The point is that if someone’s already done what you’re looking to do, you should be all over it. In fact, over the years, we’ve developed a proven system that has helped many people find wealth in real estate.
There’s no reason you can’t do the same.
Becoming a Real Estate Professional
At the end of the day, real estate can bring you a level of wealth greater than you’ve ever imagined. But you can’t approach the profession just to make a quick buck.
As said, the industry doesn’t work that way.
But if you’re willing to dedicate six months of your life to building the necessary skills and expertise, the sky's the limit.
And we’re here to lead the way and point you in the right direction.
Why wait any longer? Apply for our Quantum Leap System Home Study Program and start your career now.