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My business idea - am I nuts?

 
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KJC

posts: 69

Aug 05, 2008 1:06 PM ET    Quote  Report Abuse
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drm7,
 
I congratulate you on your passion for RE and your desire to free yourself from your current job situation.  That being said, and without knowing what is your unique "twist," I am wondering why you think you will be able to be successful as a RE agent in SoCal during such a difficult economic environment?  In addition, the difficulty of the economic environment is compounded for you because you do not have the experience or network that your competing realtors have.  I enjoy real estate as well, I actively invest in RE, and believe there is a lot of money to be made a number of different ways.  Given your background with doing home repair, why not pursue an alternative path in real estate?  One example is becoming a real estate appraiser or even inspector.  You could also use your home improvement skills to start an improvement business.  Or, better yet, work as a consultant for people to help them realize a vision with some of these rundown foreclosures.  There are a lot of homes out there at great values, many times people just have difficulty envisioning it without furniture or in the current state.  An opportunity like this might also help keep you in your current location as opposed to relocating.  Good luck!
drm7

posts: 11

Aug 05, 2008 2:01 PM ET    Quote  Report Abuse
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KJC,

All good points!  My main method to succeed in whatever venture I undertake will be a combination of hard work, knowledge, customer service and passion.  Failure is not an option.  Of course this doesn`t mean I won`t change course I just won`t fail.    I may have to adjust what I do but I won`t be going back to cube life.  The "twist" I mentioned is a theme I want to implement to help me gain market awareness.  I will use as much marketing as possible to gain recognition.  Without a theme it seems like it would be extremely hard to stand out.  There are 100`s or 1000`s of Realtors in SoCal.  I`ve reviewed so many Realtor pages here and there and they are just so lacking.  Nothing stands out or pulls you in.  I`m trying to formulate something that I can "market".

My relocation is a family choice.  We would be relocating even if I stayed in the corporate world.  But, since we are relocating we decided to make a clean break from the corporate life as well.  WTH, you only live once, right? 

Of course this may all change as an old friend of my wife`s as propositioned us with a partnership on a new venture that isn`t RE.  We are considering the offer.  Choice is good, right?



-------------------------

Thanks!

drm7
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