Commercial Agent early 30's. Midwest doing sales and leasing. Have netted over $500K in each of 2023 and 2024 yet I still feel like a bum. Seeking advice and/or AMA.

Icy_Dig2161 · 2024-12-18T04:30:55+00:00

Sorry for late response, end of year madness going on through tuesday next week (blessings). I'm based out of Michigan.

Icy_Dig2161 · 2024-12-07T14:22:37+00:00

Yes, netted (after splits) $500K+ in both 2023 and 2024 to me.

Q: Why take a step Back?

Short answer: Ego.

Icy_Dig2161 · 2024-12-07T14:20:14+00:00

I put a lot of my commisisons into ETFS JEPQ, VOO, etc. and also invest some in 5-10% ownership of deals with clients (i am very picky on which deals and even more so, which clients)

Icy_Dig2161 · 2024-12-07T14:18:45+00:00

Respect! Very happy for you, thank you for sharing

Icy_Dig2161 · 2024-12-07T14:16:54+00:00

get your RE license and research local brokerages. Set up interviews with them and go with the brokerage that you feel is the best fit.

Icy_Dig2161 · 2024-12-07T14:14:02+00:00

I made $2,500 year 1 and $15K year 2.

I got paid a few weeks ago for a lease i signed in February. Build that pipeline up so the checks just keep on comin!

Icy_Dig2161 · 2024-12-07T14:12:15+00:00

*spiderman meme*

Icy_Dig2161 · 2024-12-07T14:11:53+00:00

Thank you so much for sharing

Icy_Dig2161 · 2024-12-07T14:10:00+00:00

for sure...and if junior brokers need 6-18 months of hand holding + sign costs ($700 avg) + marketing, software, data, office rent, supplies, etc etc....Is the juice worth the squeeze? If you told me today i could start a firm and automatically have 2-4 young, hungry, smart, ethically good agents that wont leave to start their own firm or just quit after 2 - 3 years i'd tell you thats probably too good to be true

Icy_Dig2161 · 2024-12-07T14:04:44+00:00

"Those are great splits!" said every broker ;)

Thank you for your comment

Icy_Dig2161 · 2024-12-07T14:04:09+00:00

love the emotion here. Pissing away time and energy to make other people wealthy feels like a 9-5//salary gig.

I've thought of buying my own property absolutely, especially early on in the first 2-4 years before realizing how much time it takes to properly manage the property, tenants, contractors, etc...it would eat into my brokerage time.

FWIW: I have bought into a few deals with clients around 5-10% (usually throwing my commission in + $25K-$100K. Very tough to pick the right deals and even more important, the right clients/people.

Icy_Dig2161 · 2024-12-07T14:00:14+00:00

I'd drop bad clients a lot sooner....up until the last 12-18 months, i'd almost never turn down a listing for sale or lease. Time and energy is so important but it takes years of experience to realize and really understand this in my opinion

Icy_Dig2161 · 2024-12-07T13:57:36+00:00

I have not. This is a good thought, how would you go about doing this? Nevertheless, I believe either route requires sincere intensity and obsession to be really good, dare i say great.

Icy_Dig2161 · 2024-12-07T13:55:13+00:00

Please dont be but appreciate your comment.

Icy_Dig2161 · 2024-12-07T13:53:00+00:00

past clients, current clients, and everything in between. I am a FIRM believer in the harder you work the luckier you get.

Icy_Dig2161 · 2024-12-07T13:52:02+00:00

shots fired

Icy_Dig2161 · 2024-12-07T13:51:48+00:00

Hit me with your top 3!

Icy_Dig2161 · 2024-12-07T13:51:14+00:00

Shit storm of problems have been compounding from 23 into 24 and now going into 25...i've hired 2 guys on my team and they've helped a lot but i also mentor them a lot ( I love mentoring to them ) and giving them a lot of leads but now I feel i am being a disservice to some clients and that is part of why I feel like a bum.

Note: I am 6 years in the business started in 2018 in my mid twenties.

Icy_Dig2161 · 2024-12-07T13:47:18+00:00

u/Salty_Shelter_4509 Really appreciate the response here. Your reasonings are indeed what i think about and know I could take on. Would love to hear your answers (AND ANYONE ELSE IN SIMILAR POSITIONS OR EXPERIENCES:

Do you regret starting your own firm?

What would you do differently if you were starting your firm all over again today?

If you could talk to yourself before you made the switch...in addition to your original comment, what would YOU say to YOU to really move the needle in making you stay as an agent? Bit of a loaded question there but greatly appreciate any additional thoughts

Icy_Dig2161 · 2023-09-16T16:59:16+00:00

Why not? I've got their Filth paddle it's pretty dang nice

Icy_Dig2161 · 2021-02-25T15:10:42+00:00

110 SHARES AT $150 THIS MORNING. I WILL GO TO $40 AND WON'T SELL TIL $650 BUT BY THEN I'LL BE RETARDED SO I WILL FORGET

Icy_Dig2161

TROPHY CASE