Inadequate Funds
In order to start any business, you’re going to need capital. However, many realtors start their real estate journey with very little saved up. Without enough money saved, you can find yourself gasping for air under a pile of expenses. Then, before you know it, you’re forced to close your business without seeing any signs of success. To prevent this from happening, it’s recommended to have at least six months of expenses saved up. This way, you can continue to pay for necessary expenses like food and housing before your first commission paycheck comes in. Once you begin to make enough money to cover your expenses, you’ll be able to transition to a full-time real estate agent.