Thanks LizL, I appreciate your vote of confidence. :)

Thanks so very much Pbraun2011 and Hankthetank, your input and comments provide me with food for thought. Yet I will continue to explore this website and read and try to learn for the wealth of information posted here, before making any hasty decisions about all of this. :)

Wilson

as I recall ... I did 19 transaction sides my first year ...

but then again dumber then a box of pop rocks

hahaha....see if BoneFish can do it, anyone can! lol (joking).

There is really no key secret to making a ton of money in real estate sales other than hard work, setting up all your revenue avenues, being creative and constantly hustling to get the job done (but of course some can and do it much more efficiently than others). Work hard and you will prevail!

I think being a new agent and making a 100K in St. Louis is possible but not probable. It took me three years to break the 100K mark and this year I will not even be close. These past couple of months have been the toughest I have had since being in the business.

It is possible in any real estate market, but don't expect it in your first year. It takes time to build up your client list and generate business. Now, after two years in the business, you can be making that if you follow a proven business model. Treat real estate as a business and you will be making more money than you ever could at a 'regular' job.

It does mean 24 hour on call and ALWAYS working (this will drive your loved ones insane), but it is definitely attainable for a new agent, however 1 year is unlikely. I'd say 3-5 years. I might add that luck may be involved as well.

Well Wilson I don't know if your still out there and tried to get your license or not. But even in this market you can make $100k in the Los Angeles area as a new agent. It depends on where you fish, how you fish, and what you are fishing for.

In general you will produce a return of 1% of taxable income on your total volume for sales activity so if you want to net $100k in LA you will need $10 million in volume or 20 deals at $500k.

Yes, it can be done, I know of many cases but there is an old real estate saying that 1/3 are coming, and 1/3 are going, and 1/3 are making the money.

Becoming part of the last group is goal #1, and getting into the top half of that group is goal #2, and getting there in one year is highly unlikely unless you add another element to your activities which I won't cover here.

As a matter of fact, I know a way to make a couple of million dollars a year in LA for the next several years but you would need to be a broker, and I'm contemplating moving there and doing it myself if my health stays the same so I'll keep it a secret for now.