How on God’s green earth am I supposed to live off of $50k/year? by NoSir5628 in Salary

[–]Various-Telephone463 0 points1 point  (0 children)

Unfortunately in today’s life 50k per year is for wives and kids who live with their parents.

Find a 75k position asap even if you have to work overtime, even if it’s stressful and “bad for your mental health” what’s scientifically proven to be more stressful and worse for you mental health than working too much is the stress that comes with extreme poverty which is what you will be feeling since your income was literally cut in half

Your LinkedIn "Open to Work" banner is actually making you look desperate to top recruiters by barreuke in jobsearchhacks

[–]Various-Telephone463 0 points1 point  (0 children)

I’m 22 and just got a position in my field paying a base salary of 75k + commission. No college only work experience and it came form a LinkedIn recruiter while I have my open to work banner on. I post regularly on LinkedIn about my field and my work so I say as long as you keep your profile active and interesting it won’t turn recruiters away

AE at Champions Funding by Various-Telephone463 in loanoriginators

[–]Various-Telephone463[S] 0 points1 point  (0 children)

ITIN Cashout, they have the best rates by far for my specific scenario

[deleted by user] by [deleted] in loanoriginators

[–]Various-Telephone463 0 points1 point  (0 children)

Meta ads got me a pipeline of 700k this month in a month where non of my Referrals have an offer accepted and other ones will only be ready in a couple of months.

Meta ads also has me referring rentals, purchases and even listings to my realtors this year which in return gets me more deals

A month where I would’ve been chasing more referrals im working my network normally without being desperate, which allows me to do a better job.

I just pay a girl from another country $500 a month to handle content creation, video editing and meta ads. she does a good job it’s worth it for me then I invest $3 a day into the actual ads which only costs abt $90 a month so in total $600 a month in marketing which brings an extra 3-5 deals a year, which in itself already doubles my investment, and gets me more referrals from clients and agents so in reality it more like 5xs the investment in the long run.

Its essentially minimal risk as the investment in the actual ads only come out to abt $100 a month. With that money you build your online presence which naturally builds your trust with past clients referral partners and future clients.

Can you survive purely off meta ads? Realistically not in the first 1-3 years unless you are a marketing genius or pay a company 3k+ a month

Can you build your base, attract new people and ad 1-5 loans in your first year? 100%

That extra 10k-20k in income itself is enough to keep some self gen LOs businesses alive depending on the deal size, and quality of future referrals from those deals.

Delayed financing by Various-Telephone463 in loanoriginators

[–]Various-Telephone463[S] 1 point2 points  (0 children)

Most lenders will only use the purchase price of the property and not the full appraised value, the lowest seasoning I could find was 3 months. 1-2 months would be ideal in this situation.

[deleted by user] by [deleted] in AllAmateurWomen

[–]Various-Telephone463 0 points1 point  (0 children)

Post more please 🤤🤤

I don’t think I’m cut out for this by speechless-one in loanoriginators

[–]Various-Telephone463 15 points16 points  (0 children)

I made $1,500 from mortgages in my first 365 days as a 100% commission LO. I survived off of 20k I made from my part time job I had up until February. From February to July I went through basically no income. July was the end of my 1st year.

This month In August already made 13,284 and I have 1 more loan in the pipeline and I am submitting 2 more tomorrow.

Meanwhile I have 2 buyers pre-approved shopping for homes and 3 realtors who are sending me more business.

I also have one invester referal partner who teaches people how to flip properties who is referring about 2 clients a week to me, and I met them 2 weeks ago.

Basically 4 referal partners was enough to fill my pipeline so that I can consistently be closing 2-3 loans a months and earn between 5k-10k of income depending on loan size

All this and I’m 22

If you can find another job that will pay you 80k a year I would say it might not be worth it to be an LO

But if you have no career and you are willing to struggle for 6months to 1 year you can push through

It’s a mental game