Real Estate is a really hard business. I currently work in Real Estate and have for the past year and a half. It has put me in the hole deeper than I have ever been.
First you owe memberships to your lacal and national associations that you have to pay every year or every other. Then your broker takes a percentage of every transaction, 30-50%. And you also pay nearly $500 a year to keep your Real Estate key updated. The gas you use is on your own dime and any entertaining you may have to do. This does not even mention the items your broker charges you for advertising, whether you have any listings or not, some insurance that never comes into play.
Well If You Are Considering Real Estate, Consider that it will cost you about $3000 a year. Can you afford this?.... it's a simple question?
Tuesday, May 01, 2007
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