In my place unless you are a top star you have to rely on managing rental income for owners and take a 10 percent cut.@MJ DeMarco - Where does being a Realtor land in all this?
After reading all CENTS I’m starting to feel I’m investing time into the wrong thing ( plus I hate it). I believe there’s a charlie munger or Warren buffet quote that says no matter how hard you row if you are in the wrong boat it won’t take you to where you want. That saying seems true.
Can’t detach from time, hard to scale, super saturated, lack control as your really just the middle man and other peoples choices impact your income even after investing months of time, and the business starts at zero each month as you have to find new clients who may not repurchase again for 5-7 years. On top of that yes there’s a need but it’s well filled. There are almost more active agents than sales right now.
I have made money in this business despite the 87% industry failure rate but it truly feels like a hampster wheel and I’m ready to get off and find something new. Am I spot on here?
I would love to hear your opinion. I’ve been reading through the forum for days looking for direction.
In some way if you are running a recurring revenue business it could be scalable in theory.
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