Every month ActiveRain challenges its members in the real estate industry to help us focus on a topic to help others. This January the task was to answer some questions to pass forward any insights and wisdom from our own experience as a newbie in real estate. For this story, I am going back to 2003 when I received my real estate broker’s license. Yikes!
Q? What do you I wish I had known in my first year that cost me unexpected money?
A: In 2003, there were no iphones or androids and no online real estate portals to search for homes and of course no online resource for learning and peer support like Activerain. I had no clue about know how limiting the industry was due to its MLS fragmentation and lack of compatible technology. I needed a PC because our MLS data was a foreign language on my Mac! Back then, they were not cheap like they are today. This became an unexpected start up costs and lost time in access to the key data of real estate. My advice is act like a squirrel and save 6 months of living expenses before you launch.
Q? Did I ever question my choice to enter real estate? What made me stick with it? Did I get cold feet?
A: This chapter in my life began when my mother told me to get my license (that's another story) and start another business. I entered real estate with an entrepreneur mindset. Unlike my advertising venture, I had to be licensed to practice as a new start up and independent broker. I was starting a new business. I never saw real estate as a career or job. Consequently, I stuck with it because I was creating my own niche and with new technologies I was able to build a web site and brand my services with my good name. My advice is to shift your mindset from a job or career to one of a business owner with a plan for your business and future.
Q: What are three important things that helped you improve your real estate business?
A: A positive attitude and willingness to always be learning is the key. Remember to select vs react and follow a path of no drama. Always welcome your new mistakes and see every failure as a learning opportunity. Focus on intergrating READING, WRITING AND ARITHMETIC into your business skill sets, thinking and daily practice. These activities will help you change your personal rules for success with new attitudes, information and habits. My advice is QUIT trying harder. Change instead and STAY CALM AND CARRY ON with your dream. PS. Let me know your take in a comment. If I can be of help, please reach out to me.