I know, you think I’m kidding, right?
Real Estate – Boom or bust?
Real Estate Agents have traditionally done quite well if they are actively involved and take their jobs seriously. During the current “housing bust”, salaries are taking a hit in most cases and yet there are still Real Estate Agents doing just fine, thank you very much. Why is that? Because the ones that are in it for the long haul and truly understand the industry are flexible and observant – they’ve changed up their approach to accomodate the current trying times. This is something everybody can take note of. There are three primary areas to look into:
- Real Estate – Investing
- Real Esate – Sales
- Real Estate – Property Management
…and there’s nothing to say you can’t be involved in all three. In fact, the Real Estate professionals that are doing well today are almost certainly involved in more than just “selling houses”. PayScale.com shows that Real Estate professionals that are involved in Property Management are doing great.
It is critical to understand that where you live makes a difference, of course. Detroit isn’t the place to do this, unless you can bankroll some investments, buy the houses that are going for very, very cheap, fix them up and wait for the economy to turn around. Overall, that’s a tough strategy. But places like Los Angeles and Chicago are showing housing improvements right now…and a correlating increase in income for Real Estate Professionals.
…more to follow