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/
Labels:

Comments

Post a Comment

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...
1 comment
Read more

How to Avoid Property Scams in Delhi?

Here’s What You Should Know! Commercial Real Estate (Non-Residential) Buying a property in Delhi can be tricky, especially with all the stories about scams and shady deals. If you're in the market, here are some tips to keep yourself safe:Double-check the documents: Always verify ownership and approvals. Don’t just take someone’s word for it—look at the actual papers. Do your homework on prices: Compare similar properties to avoid overpaying. A little research can save you from a bad deal. Work with trustworthy people: Whether it's a seller or an agent, go for someone who's transparent about pricing and the process. If they’re dodging questions, that’s a red flag. Ask for reviews or references: If someone you’re dealing with has a good track record, they won’t hesitate to share testimonials or connect you with previous clients. I’ve noticed that some property services have started focusing on things like verified listings and clear communication, which makes the whole proc...
Post a Comment
Read more