I was wondering if people could discuss the advantages or disadvantages in regards to building your personal property portfolio by becoming a realestate agent.. ie save on agents fees, have a better understanding on the legalities….
thanks
If you do what everyone else does, you’ll get what everyone else has..
The only benefit would be to have early access to properties coming on the market. This might result in conflict of interest issues arising if full disclosure is not forthcoming.
The Mortgage Adviser
http://www.themortgageadviser.com.au
[email protected]
Essential LinksIt would probably be helpful if you spend a while in the industry. You would get to see how it all works.
You wouldn’t be saving on agents fee – unless you were selling your own properties.
Terryw
Discover Home Loans
North Sydney
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
I agree with Terry & TMA.
Some other ways you may benefit:
– Learning more about the property industry
– Staying on top of directions in a particular property market in your ‘day job’
– Building relationships with developers & builders-Many agents work 6 or 7 days per week and have to be extremely focussed, resourceful, organised, ethical&honest, be able to create win-win outcomes, be able to work on a commission only basis, have the capacity to support themselves financially in slower market times & more..
Luke Woollard
Licensee
Pacific Lifestyle Property
http://www.plproperty.com.aucomments made are general information only. you should seek professional advice for your particular circumstances.
I have 4 diplomas and i did them for my own reasons, however, you will always be regarded move valuable with qualifications than a person with out any … IMHO
resiwealth
I read somewhere that you shouldn’t invest in the same industry as that which you earn your main source of income from…diversification apparently.
I don’t fully subscribe to it myself – I think leveraging off specific industry knowledge can pay handsome dividends. But when the proverbial hits the fan, you don’t want to simultaneously lose your job and have all your assets go down the gurgler as well…if you know what I mean.
Can you tell I’m a little undecided ??
Cheers,
Dazzling
“No point having a cake if you can’t eat it.”
I think it may run the risk of being ‘too close to the bone.’ My sister has worked in real estate for almost 18 years. This comment in no way is implied to others in the industry, however all she has experienced is the same 9-5 grind (and grief) that all workers may face in any other industry. Also, perhaps echoing Dazzlings comments, being that close to the source may or may not overide it’s advantages.
Cheers,
Gatsby.9-5 grind? lucky her! most agents are more the 6 to 11, 7 days a week grind.
http://www.megainvestments.com.auJohn Carroll
John,
that was 9pm until 5am! Then she goes to work!
Cheers,
Gatsby!“Sometimes the hardest thing to do in life is often the best thing to do.”
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