Real estate is a business that is full of ups and downs, if you plan on earning a living by being a real estate agent then you should know that it is not a piece of cake. It requires a lot of time, hard work, and effort.
Being a real estate agent the first and foremost skill that you need to have is a social skill. Real estate is all about communicating with people. When you get to know people you become aware of their needs and requirements, that way you can easily choose where you have to invest your money to elevate your business. If they prefer luxurious places like, prime condo, then you will invest in them. If they require a place that is near to facilities like the subway, pharmacies, general stores then you should invest in a place that has all those things near the property.
You should keep in mind that you are not only spending money on just buying a house and then selling it as it is, but you also have to work on that house as well to make it fit for your audience. You need to make renovations and that will cost you money as well. So before you jump into the business, it is very important that you make an estimate of all the possible cash outflows that will take place.
Being in real estate is difficult, not just because of all the work you have to do but also because you get no off days. You have to be there for the customers at their every beck and call. You have to provide them with accommodations whenever they require. You do not get time to yourself or your family.