Starting a career in real estate requires a lot of steps be taken before the career can even begin. Individuals may need to pass exams, procure an office space, and better learn about the neighborhoods that they will serve. Another way to get started on a successful career is to have a real estate mentor. This step can help in a variety of ways.
Acquire Desired Skills
One major benefit of having a real estate mentor is that individuals can find mentors who harness specific skills. In other words, when finding a mentor, interested parties should define what it is specifically that they hope to gain from the mentoring experience and find a mentor with those skills.
Even for budding real estate agents who are savvy in the market and the trends, navigating this entire process can feel overwhelming. A good mentor will not make the decisions for the new real estate agent but rather provide guidance and direction that will support and enhance the best choices. For example, new agents might not even know what the options are; the mentor can both identify and explain them.
While some people don’t want to admit weaknesses in their chosen fields, doing so is actually an important part of growing. Weaknesses cannot be resolved when they remain unknown. A mentor can help budding agents to determine areas where they need more growth and to establish plans for promoting that growth.
Without confidence, real estate agents are likely to second guess all of their moves and provide shaky advice to clients. Ultimately, agents want to have confidence in their own decisions, but most people sometimes need a boost in this area. With mentors who let new agents know when they are doing a good job, the necessary levels of confidence can be achieved.
Find Answer to Questions
When embarking upon a new career, the vast majority of people will have a host of questions. New agents want to learn about the resources that they can use during their careers to find the best answers, and their mentors can help them with this task well.
Starting a new career is often heightened by the acquisition of a proficient mentor. People who are starting careers as real estate agents should definitely look into starting this beneficial relationship.
If any job requires you to work around the clock, it’s real estate. While it’s a nice perk to be able to set your own hours, clients depend on you to be there day or night. To keep you motivated and inspired on even the most hectic days, here are 5 encouraging quotes about real estate.
“In real estate, you make 10% of your money because you’re a genius and 90% because you catch a great wave.”- Jeff Greene
Hard work and knowledge of the real estate market pays off but in many cases a sale benefits from a touch of good luck. Savor those times because things don’t always come so easily.
“You must learn that selling is not selling; it is providing and the key to providing is knowing in advance what to provide.”- Todd Duncan
Satisfied clients are at the core of any good real estate business. Getting to know your clients and focusing on their needs will lead to a prosperous transaction.
“I think if people are passionate about something, it could be real estate or biochemistry, and that spark gets turned on in them, everyone’s beautiful in that zone.”- Cindy Crawford
Nothing gets the blood pumping more than the exhilaration of your first sale. Keeping that passion going with each subsequent sale is what truly makes a successful real estate agent. That kind of passion is contagious and clients thrive on it.
“Real estate is an imperishable asset, ever increasing in value. It is the most solid security that human ingenuity has devised. It is the basis of all security and about the only indestructible security.”- Russell Sage
Everyone needs a place to live which is why the real estate business is always booming. There is never a shortage of people looking for houses. If you love being busy, real estate is the field for you.
“To be successful in real estate, you must always and consistently put your clients’ best interests first. When you do, your personal needs will be realized beyond your greatest expectations.”- Anthony Hitt
Never lose sight of your most important asset- your clients. Take care of your clients and they’ll take care of you.
When you’re looking to obtain long-term financial gain, investing in real estate is an option for entrepreneurs who want to increase their wealth over time. If you’re looking for success, investing in real estate can be the secret to success. When you’re ready to put your money into real estate, there are a few ways to get started.
Purchase underpriced homes that are in poor condition and invest in improving the interior and exterior setting, which will significantly increase its value. Find an experienced partner to work with because the process of flipping homes can be challenging to navigate as a beginner due to issues that arise.
Use a Crowdfunding Service
Crowdfunding services allow you to be connected to investors or real estate developers through companies like RealtyShares and RealtyMogul with equity or debt. Those who are investing their money want to obtain quarterly or monthly distributions in exchange for the risk involved and the fee on the platform. With this option, money is needed to make more money, and it’s available to accredited investors who have earned in the past two years. You’re also eligible if you have a net worth that exceeds $1 million.
Rent Out a Room in Your Home
Many people don’t realize that they can earn extra cash by renting out a room in their home or by renting out your property on Airbnb. Less work is involved compared to other investment opportunities, and it will allow you to avoid committing to a long-term investment or having to risk losing your money.
Known as a real estate investment trusts, REITs make it possible to invest in real estate and are similar to mutual funds. You can invest in properties that are owned by companies that own commercial real estate properties like hotels, retail spaces, and apartments. They pay high dividends, which can make them an ideal option when you need to build your retirement funds. It’s important to use caution because they can often be a complicated way of investing. The type of REIT that you obtain determines the amount of risk that is involved because they can be difficult to sell again in the future. If you’re new to investing, opt for investing in publicly traded REITs through a broker.
About Talia Ramos
Talia Ramos entered the industry of real estate in 2008. While Ramos was paying her way through college, she met top REO broker Jason Shapiro, who opened the doors for her career. From Shapiro, Ramos learned the market and quickly advanced her career within the real estate industry. She gained management experience, learned buying and selling techniques, and how to best represent buyers & sellers while passing her real estate brokers exam in 2013. Talia went on to advise people on fiscal solutions. In 2014, Ramos became a strong investor, taking part in neighborhood stabilization, rehabbing and renting assets in high level distressed areas.
Like most Real Estate investment professionals, one of the biggest challenges in Talia’s career occurred during the stock market crash. While many people saw the crash as a financial nightmare, Ramos took a more positive approach – she took this time as an opportunity to grow a business rather than to give up. Many distressed, non-performing properties/loans were up for grabs giving Talia the perfect opportunity to become successful. From this experience, she has learned to find opportunity through adversity and now has her own investment LLC.
Talia also works hard to give back to her community, helping inner city children. She knows the importance of after-school and social programs for youth because this played a large role in her childhood and teenage years.
Growing up in the inner city of northern Chicago, Ramos attended public schools where she was a member of the Boys and Girls Club as well as a number of other local non-profit organizations. These programs were a big part of what helped Talia thrive, so she knows how much these programs matter especially to inner city youth who endure more lifestyle hardships . She had her first job working at a non-profit organization as a summer youth camp counselor . She was also a homework tutor and a youth mentor. After college, she worked part time with the same non-profit organization to help them obtain a grant and funding options.
Ramos’ community service involves hosting annual holiday food drives, winter coat drives as well as donating food to the Chicago Depository. The clothing she collects goes to a local charity called Care for Real, a company that helps homeless and low income families find job placements. The organization provides food, clothing and counseling services to those in need through on site distribution and deliveries to the homebound. Other local organizations that Ramos has been strongly engaged in include the following:
- Care For Real
- Chicago Food Depository
- Surge for Water Fundraiser in Uganda
- Morgan’s Mission
- Lurie Children’s Hospital
- The Miracle Center
- Human Appeal
- Taleef Collective
Talia has many aspirations within her real estate career. One of her biggest career plans is to improve the rental market not just locally but nationally. Ramos has noticed a trend indicating that millennials are not investing or buying homes at the rate of previous generations. That being said, the rental market is still on the rise. Because of this, Talia believes that this change will stop lower income families from experiencing foreclosure and being forced to live in distressed areas.
When she is not working at her real estate business or helping her community, Talia likes to watch sports and to travel. She is huge basketball fan, rooting for the Chicago Bulls. She loves to travel to warm countries in Central and Southern America.
Contact Talia Ramos today if you want a top-notch investment advisor.
Real Estate Investor in:
- New Jersey