Many people are starting over and finding that the other careers are not working as planned and also finding that you can only be on vacation so long. Real estate is still the best, but you have to remember, if you want this career in a straight-line market, you got to work it just like I told this old friend.
Question:
Walter,
Trust you are doing great! Long time, no chat. Let me bring you up to speed.
After our last conversation, I went into the asset finance business, only to fail. As you know bank financing, which was needed to underwrite the loan, dried up and so did I. We then sold everything we had and have spent the time in Santiago, Chile for the past 6 months.
Our time has been amazing. I surf twice a day, read a lot, and spend time with my family. I will be leaving with restored confidence. We are now coming home in mid-August and I will be starting over.
Good place to be and I will be very hungry out the gate. I am going back into real estate. I am good at it and I will focus all I have on it. This wasn't a quick decision, but rather well thought out.
Here is my question: Is it career suicide to move away from your network? As you know I was born and raised in Whittier; however, we love the beach and would love to move to the coast, San Clemente, Laguna Niguel, or Newport areas. Should I sacrifice the location for a career or can you effectively "re-plant"?
I will say I am hungry and I am prepared to do whatever it takes to change the path I have been on for the past 18-24 months.
Let me know your thoughts.
Charlie
Answer:
Hey, buddy! These are experiences your family will remember forever. Balance in life says you have to have some assets at your age. Real estate is probably the way to get it. With no prospecting, you will only make money in a hot market and that is not until 2012 at the earliest.
So, what were the reasons you did not prospect? (Your network) kept you in play mode, which is your default position. I transplanted from my network when I started in Long Beach. I was brought up in Arcadia. Than meant that I had to write and visit the expireds, write letters to the short sales, go after REO accounts, get the divorce attorneys on my side, get all the out-of-state owners, be the best at all new technology, and make sure that I was going after every new demographic that would result in listings.
Checklists and buyers were next, then teams, and finally investments with the money I made.
I think a fresh start for you is fine. Hope I can help you.
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