I am considering my options for going into real estate
Average REA salaries in Texas by
I am considering my options for going into real estate
Average REA salaries in Texas by
Doing our taxes I came upon our savings account statement from March 2018, showing $1,566.37 in it. It dropped from $7,162 in January 2018 to $1,566 in March 2018 due to the car payment, house payment, HOA payment, student loan payment, insurance payments, and about $2,000 worth of min payments on credit cards all going out each month. March was the last month we had money for, and then we would have to start cashing out our retirement accounts.
Now, exactly 1 year later, we are in much better shape. I am grateful to the universe, my spiritual teachers, Osho and Thich Nhat Hanh, and to the power of my Life Pyramid for getting through those difficult times in 2018.
Reviewing “The Dhandho Investor: The Low-Risk Value Method to High Returns” by Mohnish Pabrai
This is the best book on investment principles I have read so far (but I only read 2 or 3, so…). It is closely aligned with value investing principles of Graham and Buffett, but takes a slightly different approach. It uses several formulas and ideas (for example, Buffett’s idea of the “moat,” Kelly’s formula, the Magic Formula, arbitrage,) and throws in some fascinating thoughts on an ancient military battle formation called
chakravyuh (one of the deadliest formations a general can encounter) and the ways to break through it, and ties this all together into a neat little story to describe the main tenants of his “philosophy.” The main among them is this one: “Heads, I win; tails, I don’t lose much.”
With this approach in mind, Mohnish goes on to examine stories of outstanding success, often by immigrants (Papa Patel, Manilal Chaudhari, himself) who came in the United States with nothing but a solid
There are a ton of examples and mathematical formulas that Mohnish uses to demonstrate the basics of the value investing (or Dhandho style investing). I made so many highlights in the book it is not even funny. Most importantly, his ideas are focused on ordinary, poor, underprivileged individuals who make it all the way through
This is a truly outstanding list of marketing ideas that could apply to almost any business, although in this case these are ideas for marketing a listing of a property
Stolen from https://fitsmallbusiness.com/real-estate-marketing-ideas/
This is the most obvious one, obviosuly
This is a good one. Many people want to know what their property is worth, and you are offering this service to them for free, and you make it automated, so it won’t suck you into time-consuming projects. So a win-win.
I am not sure about this one, looks like alot of work, especially if you have to market several subdivisions
This one is also alot of work, and only a tiny section of your mailing list will see it, so I am not 100% sure ROI will be as good as on some other initiatives
This one is another one that I am not sure how it really pays off. So many other people are using the same
This one seems to be pretty obvious. A 30-sec value statement should be the must on the landing page at the minimum
I am not sure about this one, sounds like
Kind of like a reality show. I am not sure who would have the time to watch an agency day-to-day, most people who are working probably have better things to watch. But it might be worth a month try.
The decor has a funky item that is easy to remember even after many houses have been visited. Serves as a memory tool for the buyers.
Ok, sure. It is almost like saying “Optimize your web page.” Good idea that most people would probably ruin with a bad execution
Ok, another bland idea, but a good reminder about the basics
People think in pictures, and feel in pictures, and dream in pictures. So yeah, this one should be the basics, I think.
This is an excellent suggestion about the types of topics to cover in your mass mailing. Make the ad of the company a tiny thing at the bottom, but a big important thing in the body. Do it regularly enough, and they will start looking forward to those postcards, I think
That is a topic of a whole different discussion, but sure, let’s not forget to get to strategize on this.
Yes, emotions eat logic for breakfast. Get emotional juices flowing, but how? Another interesting topics of research.
They suggest using
Duh. But it is a good reminder to check out new classes from your local RE associations
A good idea, I thought about the ways to do it myself, but I think it is such a long-term project that a good base of other cash-generating ideas is needed to execute that one consistently year in and year out. People forget quickly.
All blogs are pretty time consuming, and are lost in the noise quickly unless they provide serious valie. So, this might be a good add-on, but not the main vehicle.
Seems more like a plug-in for a vendor than a real suggestion, but sure. The more images and the different-er and richer the images, the better. I have a feeling there are a ton of other sites that can help with the virtual staging process.
Sure, if your buyers can read your handwriting.
How is this not a repetition of like 5 previous suggestions? C’mon, FitSmallBusiness! Stop feeding us gruel.
Again, good old basics (happy hours), but probably could be worth refreshing on. Do them only if you have a budget and the attendees are pre-qualified. Otherwise – networking not necessarily converts to sales.
Probably a good suggestion, with some work, one-time effort can pay off
I would give it a shot just to see what the engagement is really like, but I would not hold high hopes for that one. How many videos of yours will they want to see? Everyone is busy.
Oh, I LOOOOOOVE this one. Just check it out:
A good idea, if your clients are tech-savvy enough to utilize this technique to the fullest, or to know what an iPad is. I would think of a different prize if I was the realtor. Something all ages and OS-fans could find attractive.
Really? Really? This is the ground-breaking thought of the day?
Goes hand-n-hand with the “fridge worthy” suggestion. But – lots of work and research and paying someone for design, for a subliminal message that may or may not hit the target when they ARE ready to buy or sell. This is not an immediate conversion type of idea, so do it only if you have the time and budget to make long term moves like that.
Uh, ok. Sure. If you have a web site at all, I recommend just a good web designer. Let him or her tell you more good tips like that.
Seems like a full-time web designer will be needed, unless you want to spend your time generating web pages and tracking moves.
I am not 100% sure I understood this advice at all, so I am not going to comment.
Ok, ok. Can we just make a separate post for all social media strategies and keep everything together in THAT post?
Good idea, I am sure there is a lot of literature on that online
I would give that one a shot for a quarter or two to see if this leads to real results
Grrr. More ways to stock poor prospects everywhere they go. A good way to become annoying I think
Community events, charity events – I already commented on this. Those are a long term strategy. People forget so quickly. I would go for more immediate and direct approaches first.
Making ANYTHING viral is an art and a science in its own. I would not count on any one of your videos becoming truly viral. Plus, viral videos are by definition not targeted. It might be viral, but is it seen by people in my geographics are who are currently looking for THAT type of house?
I would need to see that executed in practice to buy that this is a good investment of time, but ok, anything could be good to try out
Sure, why not. This is more of a small technique rather than a strategy, and hopefully not the only technique in his toolbelt.
I think a logo won’t do much difference if you have no TRAFFIC to your side.
That is actually a good one, provided that your audience is
I thought it was already covered by like, 5 other suggestions?
Jesus Christ, is this the Ground Hog Day? I thought we have been through this already? Get yourself a web designer who knows what to do for modern
This is actually another good one. Just a few quotes
…..reach out to local bloggers and Instagram influencers — whose followership matches your target buyer — and have them create related content and share it with their followers.
Also, you can partner with a business in the community to host an event at [a property you’re selling] to gain publicity and get foot traffic. For example, if the space is great for showcasing art, you can partner with a local gallery to host a “gallery night” in the property and invite anyone you can to the property.
Obviously, this is something that requires a ton of planning and collaborations, so it will come with its own costs. But worth a try.
I am starting to look for info on getting the RE agent license. Here is the rundown:
To earn your real estate license in Texas, you must be 18 years of age, complete 180 hours of approved education, obtain a sponsoring broker, submit required fees and forms to Texas Real Estate Commission, submit to fingerprinting, and pass the state exam. While the process to become a real estate agent is similar in most states, each state has its unique steps that must be adhered to. The seven steps to becoming a Texas real estate agent are as follows:
Step 1: Must be at least 18 years of age.
Step 2: Register for and complete 180 hours of required education:
In order to apply for the Texas Real Estate License Exam, the state requires you to complete 180 hours of TREC-approved college-level real estate courses. Kaplan offers four education options that fulfill the 180-hour requirement.
Step 3: Consider obtaining a sponsoring broker
In order to practice as a real estate salesperson, you must be sponsored by a licensed Texas real estate broker. You and your sponsor will both need to complete and submit the Sponsorship Form.
Step 4: Submit forms and fees to TREC
After completing the required 180 hours of licensing education, submit all education documents to TREC, including real estate school certificates.
Active or inactive initial license?
You’ll need to decide if you’d prefer an active or inactive license.
Note: These forms can be downloaded at www.trec.texas.gov, or you may complete this process online athttps://mylicense.trec.texas.gov/datamart/mainMenuTXREC.do.
Step 5: Schedule your license examination and fingerprinting
After you receive your response letter from TREC approving you and directing you to the Candidate Information Brochure, you can schedule your exam with Pearson Vue. You will also receive direction on how to submit your fingerprints for review. You have one year from the date your application is filed to pass the examination.
Step 6: Prepare for the exam
By taking Kaplan’s world-renowned Exam Prep course, you will have no surprises on exam day. The Texas Real Estate Exam Prep program is available as a Live Class or video OnDemand Course.
Step 7: Take the state exam
Once you have passed the state exam and your fingerprints are on file, you will receive an Active or Inactive Salesperson License from TREC via email (remember to monitor your junk mail folder).
These are the TREC approved schools where I can take the necessary courses. It looks like there are 6 two-week courses in total, running $180-$220 per course, to get the right number of hours.
RETTSchool has the in-person courses at $800 on weekends in Plano, some start in June and end in August, might be perfect for me
Dallas County Community College has pretty expensive courses, at about $200/piece, for prep courses but also for additional courses that might be useful later on