Skip to main content

My brother became rich quick as a real estate agent and It got me rethinking my life goals..

My brother and I where always opposites when it came to education and life. While we where both talkative people he was always the most popular guy around that everyone loved. I was very locked in throughout college while I prepared for law school. My part time job in college was being an agent in real estate, meanwhile my brother dropped out of college and went all in. I made decent money and bought my first investment property (house hacked a duplex) which is doing fine, but he has been making more money then I may ever see.

While I am a first year law student quickly going into some debt he just made 500k while being only 24... I know he grinds a lot but in a way I get jealous. And what's crazier is that everyone at the firm he works for (small firm like 7 agents) easily makes over $250,000).

I've been studying for years now and still have two years left of law school. While I do enjoy law school and am passionate about learning transactional law with plans of going into commercial real estate...I simply can't help but just wonder if being agent was the path all along.

Either way I'm sticking to my path and will be an attorney no matter what, but I'm just wondering are people really making THAT much money full time in Real Estate? Is the upside that good?

P.s Law school student with two years left until I ever get my first real job.. going into debt while my brother made half a million in his third year of real estate, and all his coworkers are making $250,000 plus..wondering if I choose the wrong path.

submitted by /u/BenjaminWatt
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/11wetdj/my_brother_became_rich_quick_as_a_real_estate/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear

Fast Rising HOA Fees on NYC Condo, No Budget Provided

My wife and I are first time homeowners and could use some advice on a situation we've been having with our management company and Board. We bought a condo in Brooklyn two years ago, and since then our HOA fees have climbed dramatically. In August of last year, our fees were increased by ~30% and just yesterday we received notice that this new figure would be increased by 16% as of June 1st. The by-laws for our building state that ten days before such a change goes into effect, the Board must provide unit owners with the itemized budget upon which the new numbers were based. This didn't happen last year, and when I asked the management company about it, they just kept vaguely insisting the Board had done due diligence. After I kept pressing, they finally sent a budget that was several years old, so obviously not the one that the new numbers were based on. When I asked the management company for contact information for the Board to get further clarification, I was told that th

How to create fidelity investments current bank statement for lender during escrow

I transferred a certain amount to my bank account to complete the minimum down payment required. The bank wants a current statement of the transaction. Unfortunately, fidelity only does quarterly statements so a December statement is not available and we are due to close next week. I called fidelity and they they can only provide a letter but the bank said that won’t suffice. Any way I can find or make one of my own that has my account number/name along with all the recent month’s activities? submitted by /u/bodaciousbeans [link] [comments] source https://www.reddit.com/r/RealEstate/comments/zmnnqo/how_to_create_fidelity_investments_current_bank/