Author Topic: Selling homes  (Read 2381 times)

Baylor3217

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Selling homes
« on: November 15, 2013, 12:07:12 AM »
I'll have enough to retire in the next 4-5 years and am looking at ways to generate $20,000-$40,000 without a 9 to 5.

Would this be a potential opportunity?  Ive never done a deep dive on what it would take to be successful, or how much effort is required to generate this amount of cash flow.

arebelspy

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Re: Selling homes
« Reply #1 on: November 15, 2013, 07:45:15 AM »
Quote
I'll have enough to retire in the next 4-5 years and am looking at ways to generate $20,000-$40,000 without a 9 to 5.

Why?  I think you're missing the point of FIRE - doing what you want.  If you're looking for something to generate that much income, you're looking for another job.  If you're looking for something you enjoy in FIRE, that's one thing (and you probably shouldn't have large income expectations around it).  If you're looking for something just based on what it earns you, how is that retired under any definition (even loose ones like MMM's)?

Will you need the money?  If so, look for a career you'll enjoy.  If not, why are you doing it?

Quote
Would this be a potential opportunity?  Ive never done a deep dive on what it would take to be successful, or how much effort is required to generate this amount of cash flow.

I don't understand what you're talking about.

Would what be a potential opportunity?  The title says "selling homes."  Do you mean an agent?  Wholesaler?  What?

I'm just going to assume you mean a real estate agent, and were tantalised by the 12k mentioned in the latest MMM post, and are thinking you can somehow randomly earn 5 figure paychecks every once in awhile with little to no work.  (If I'm wrong, please clear up what you're talking about :) ).

That's not the case.

It's a full time job.  If you want to make a full time salary (40k), you'll put in full time hours.

I'd even argue it's not scalable until the high end, so the amount of work you have to put in to earn 20k is a lot, and the amount of work increases at a diminishing rate as you increase how much you earn.  I.e. scaling from 80k to 100k is WAY easier than from 20k to 40k, and even getting to 20k is probably way more work than going from 40k to 80k.  Earning 20k you still have to set up all your systems, marketing, etc. etc.
« Last Edit: November 15, 2013, 07:48:55 AM by arebelspy »
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