August 1, 2008 10:00 AM EDT
Hi all! I`m new to this site so go easy. I heard about it from a guest on Donny Deutsch`s show on CNBC.
I am a cube dweller for a Fortune 100 and I`m bored and sick of cube life. I`m in the IT department. My passion is real estate (buying, selling, fixing, building, etc). I discovered this passion after buying my second home and learning to finish the basement on my own. I framed, plumbed, wired, painted, tiled, etc a full basement. This included a full bath, laundry room, two bedrooms, and a large family room. I`ve since sold that home for a profit and hired a general contractor to build a custom home. I`ve since finished the basement in this home along with some additional space in a side room. We are currently trying to sell this home in order to relocate to start a business.
I`ve put a lot of thought in different real estate businesses (handyman, mortgage agent, Realtor, etc). It seems to always come back to being a Realtor. I am looking to do this in the southern part of CA. I know, CA is getting hammered in the current RE environment. But my thinking is that if I`m there in the bottom or hopefully near the bottom I`ll be best prepared for a more normal market should one come back. Not the overheated market but a normal one where a home priced fairly will sell in a reasonable amount of time. I plan to open my own brokerage with a twist. Unfortunately I can`t give away my twist at this time. I`ve been reading marketing books such as Duct Tape and I`m getting ready to start my business plan using the Palo Alto software.
I hope that my passion for RE, my plan to become the most knowledgeable agent out there, hard work, and my marketing twist will secure me a healthy spot in the already crowded CA RE market. With the current home prices it is my estimate that 12-20 homes per year can secure me a nice income so that I can actually afford CA (taxes, housing, energy costs, etc) without renting for the rest of my life. I also hope to attract a few top performers to join my firm once I`m off the launch pad.
Sorry for the long post but this is my intro and my idea. Please let me know what you think about my plan and any insight you might have on the current RE crunch.