Is The Business Of Real Estate Right For You?- EP 156

2022-09-19

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On this episode of the Real Estate Fight Club Podcast, Jenn and Monica are going to duke it out over Is real estate really for you? For the first 8 years, Jenn kept wondering whether real-estate was the perfect business for her or not. Later she came to the conclusion that she is a numbers person and real-estate is one such business that could prove to be the biggest return on her investment of time, and it gets her to where she wants to go the fastest. What about you? Episode Highlights: Jenn shares how she had two choices: to do what she wanted to do or work for...

On this episode of the Real Estate Fight Club Podcast, Jenn and Monica are going to duke it out over Is real estate really for you? For the first 8 years, Jenn kept wondering whether real-estate was the perfect business for her or not. Later she came to the conclusion that she is a numbers person and real-estate is one such business that could prove to be the biggest return on her investment of time, and it gets her to where she wants to go the fastest. What about you?

Episode Highlights:

Jenn shares how she had two choices: to do what she wanted to do or work for somebody else.
Monica loves making new relationships, and this is what spiked her interest in real-estate. She also says that you can't find another business where you could carry millions of dollars of inventory.
Jenn knew at an early stage of her career that she wanted to be her own business owner.
Monica says that there are a lot of agents who are in this business and really don't enjoy it; They don't see the long-term play for it.
As per Monica it's ok to taste failure at the start of your real-estate business, but if you are genuinely interested in your business then the success will come gradually.
If you are asking yourself the question of ‘Is real estate the right business for me?’ Jenn would say, well, why did you get into it in the first place?
How do the dynamics of transactions and relationships go together?
People don't have clarity about what they want in their life at all. As per Monica it's more about perspective because it's easy to get clarity when you know all the choices and it's a lot harder if you don't.
Monica says that there is no one right personality type that is a good real estate agent. She further adds that any personality type can be a great real estate agent and there is not just one way to do it.
There are different pathways through real estate. Somebody who doesn't want a big financial life, they just want to simplify and then that's going to be a different path through real estate than somebody that wants a big, fat, fancy, luxurious life, says Monica.
Successful real-estate business owners are consistent over time, and they talk to more people.
There are things that people don't like to do until that activity links them directly to their pocketbook and then all of a sudden, they love it, says Jenn.
Tie-breaker, Eric Orland, was an earlier investment banker, now he is at eXP. He has over 2000 agents in his group within 2 1/2 years.
Eric shares how he became successful, and he also talks about her career journey.
Eric came to EXP not with the mindset of ‘if he was going to be successful’,but how successful he was going to be.
In order to become successful Eric says that first you have to like what you do and second is you have to understand the risk reward ratio.
Each morning Eric wakes up with a positive attitude and he focuses on being in a positive mindset by surrounding himself with positive people.

3 Key Points:

Monica says, if you are not genuinely interested in real-estate you would have to be hitting your head against a wall for months and years, not doing the work and still trying to survive in real estate… Why do that?
There are a lot of ways to be really successful at real estate. Monica and Jenn discuss the common threads that successful real estate agents have.
Eric talks about what it takes to really succeed in real estate. Are you doing those things?

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