I'm coming from a business/economics background thinking of starting in real estate in New York City.

The best advice I received was get a personal assistant immediately. Take a minimum of 10% from each real estate deal and put it back into marketing. Most people are not consistent with marketing. Real estate is volatile so think about it this way "sucks for you when you have a headache, but fantastic for Tylenol". In other words, make money on the downside from buying short sales and make money on the upside by selling retail. Decide if you want to focus on residential or commercial, but do not try to master both. Focus is the key to success and mastery. I hope that helps.

Remember... be a servant,


Answered 8 years ago

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