How Do I Know If I’m Ready to Go Full-Time in Real Estate?
Update: 2025-08-01
Description
In the podcast episode, host Litra Simms discusses the prerequisites for transitioning to a full-time career in real estate. She outlines three areas to assess readiness: financial stability, part-time experience, and preparedness for the stable transition. Financial indicators include having six months of living expenses saved, a regular income from real estate that covers bills, and minimal high-interest debt. Gaining experience as a part-time real estate professional is advisable to understand the industry demands, build a portfolio, close deals, and establish repeatable systems. Finally, full-time transition readiness involves having systems in place, consistent part-time success, and a strong financial foundation.
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