Originally Posted by nnkrealtor
Iam 24 and a computer tech and I am also a Part time Real Estate agent. I just got married about a month ago and my wife is a Real Estate Appraiser. I have only been an agent for about 9 months and made more money in my first 9 months then I did all year at my Computer Tech job. I am considering leaving my computer job to sell R.E. full time but I just can't bring my self to give up my guaranteed pay check every month and benifits.
In a RE that seems to be overheated just about everywhere, it's easy to overcrowd the field with agents. When the inevitable downturn happens, the knives come out and the competition turns vicious.
Hawaii last had a similar market in 1989. When it imploded in 1990, over the next five years the ranks of realtors thinned by over half and stayed that way until 2000. Now the cycle begins anew as everyone and their entire families are reviving their licenses.
Right now if you keep juggling the two careers then it seems that you'd have the best of both worlds-- a steady job with medical benefits that you can count on if the RE market stops in its tracks, plus a working spouse who has the potential to make quite a bit of overtime. In addition she's in a great position make contacts and identify early opportunities.
Neighbors up our street are both full-time realtors. The advantage of this is that they have a very flexible schedule and they're able to buy a distressed property or two every year for rental income or flipping. They're also able to take time off to be with their kids (or when the surf's up). The big downside is healthcare coverage and lumpy income (for their credit ratings & mortgage loans).
If you keep your boring yet secure day job, you could emulate their strategy and enjoy steady benefits. A few years down the road you may have rental properties & cash flow sufficient to leave the IT job and work full time on real estate.
Are you able to work the IT job fewer hours and maintain the healthcare benefits?