My First Year Earnings As A Real Estate Agent (Actual Numbers)

[@QANashvilleRealEstate]

First year absolutely TOUGH! Glad to see you stuck with it and couldnt be happier to be in business with you 😁

[@TexasRealEstate]

I appreciate you brother! 🙌

[@eliaswreford4523]

I’ve been a carpenter since I was 18 years old, fast forward 20 years and I’m pretty well over it. I’m getting my real estate license this year, although I will continue to take side jobs for the next couple of years as time allows. You’ve inspired me to make a move towards my future. Thanks Tyler. I really can’t even tell you how much this video and the others in this thread have inspired me to change directions.

[@TexasRealEstate]

I really appreciate hearing that! I have a newly licensed agent who I work closely with who is also based out of Michigan. He's in a similar position to you, starting in real estate on more of a part time basis but he's already gotten his first few deals closed in his first few months. If you'd like to connect further, I'd love to learn more about how I can potentially help you hit the ground running when you have your license in hand. Feel free to email me: [e-mail]

[@joshuavanderkin1510]

Hey wanted to know how your journey went? I’m in the same boat and am looking to get my license here soon

[@eliaswreford4523]

@@joshuavanderkin1510 I went into lumber sales to bridge the gap, if I’m honest, I’m a data input secretary. I like hustle so it’s been a bit trying.

[@RyanRytrades]

Grateful to be running with you & for the tips & tricks along the way!🙏🙏

[@TexasRealEstate]

It's a blessing to be running with you as well brother! 🙏💪

[@Breyonna925]

Thank you for this video. It was very informative. I am looking to get my real estate license in Oklahoma. I was wondering if you could tell me or possibly make a video about how much taxes you had to pay back at the end of each year? Or give examples. Also, how much of each paycheck would be safe to put back for taxes, as well? I know each state is different, but if you could give a general idea. Thank you so much. You earned a subscriber.

[@TexasRealEstate]

Thanks for the idea and thank you for subscribing! It really depends on the tax bracket you're in. Typically real estate agents can write off a lot which helps reduce the % of our commissions we have to set aside for taxes. In my experience, it would be safe to set aside $1 in ever $5 worth of commission you earn for taxes. I hear people say 30%, but $1 out of ever $3 would probably be very conservative for most. Hope that helps!

[@TexasRealEstate]

Also if you need any help on where to get started on the real estate licensing process, reach out: [e-mail]

[@austinalba4176]

Im an 18 year old student via Aceable. I’m just now wrapping up Principles of Real Estate 1. Im located here in Texas and my plan is to do farm and ranch sales as ive been around them my whole life. What are some steps i should take from now to getting my license? I want to be fully prepared when i enter the industry and aiming to get my broker’s license by 28.

[@TexasRealEstate]

That's awesome! Best thing you could do aside from getting your pre-licensing hours done as soon as possible would be to build you network. Beyond that, there's some additional resources I can share that would really help you hit the ground running in the best possible way once you have your license. Email me & we can plan a time to connect further! [e-mail]

[@austinalba4176]

@@TexasRealEstatedefinitely will when I get out of work! I just saw that you had replied. I definitely appreciate it man

[@TexasRealEstate]

@@austinalba4176 Glad to help!

[@isrealprice5340]

Also have to calculate in MLS, Board, Sentri fee's, which is another -$1500. Great transparency though. I'm in month 6 and BROKE. Gotta keep at it. Everyone says you have to get through the first year. Thanks for keepin it real

[@TexasRealEstate]

That's correct. Keep pushing! You can't lose if you don't quit. If you'd like, I'd be happy to connect more to see what if anything I can possibly do to help you get more traction. Feel free to send me an email so we can connect further! [e-mail]

[@nickbowen1307]

You’re the freaking man Tyler 🙌 so blessed to be in this with you!!

[@TexasRealEstate]

Likewise, it's a blessing to be moving the needle forward with our amazing family!

[@claytondry5988]

Would a part time job be a good thing while doing real estate? Thinking about getting my license for multiple states.

[@TexasRealEstate]

Starting in real estate with a part time job is no issue, as long as you make the time to work on your real estate business. I'd start with the state you plan to be most present in initially. Depending on what you are wanting to do, there may be other ways to go about it than getting licensed in multiple states.

[@enero97]

This is some amazing insight. I feel like its a rite of passage figuring out our first year as a realtor and things start to work for you once you continue to show up everyday!

[@TexasRealEstate]

Most newly licensed agents quit before the end of year 1. The ones who stay committed and keep going no matter what are the ones who make it through. If there's anything else I can provide input on, feel free to reach out and connect!

[@enero97]

@@TexasRealEstate 100%! It’s the consistency over time when things start to turn around. I just subbed so I can stay updated!

[@97VobraOwner]

Found this today when reviewing exam prep questions - I literally am taking the first baby step and going to training for my license. Great video thank you!

[@TexasRealEstate]

That's awesome! Let me know anything I can do to help. Happy to connect more with you as you're finishing the licensing process to see how I can best help you with navigating the next steps to get started with your license. Feel free to email me at that point so we can connect further!

[@TylerRoicki]

💪💪💪

[@TexasRealEstate]

👊💥

[@jamesambalathunkal7925]

thanks for providing details - very helpful

[@TexasRealEstate]

Glad it was helpful!

[@ceciliatirado4973]

what were your strategies for finding clients? were they given to you by your broker?

[@TexasRealEstate]

Simple answer is have a lot of conversations. And the right brokerage will provide various avenues through which you can obtain more clients. There's plenty of more I could say to elaborate on in terms of both of those things. Feel free to email me so we can connect further: [e-mail]

[@listenupp1]

Thanks for the honest facts of your pre-tax income for each of the four years. I was elated and thanked God for getting you rolling from year two. I think a good way to start is as a side gig.....just so you have a full-time income to cushion and encourage the RE pursuit. Appreciate you doing an excellent job helping others who are contemplating getting into the profession.

[@TexasRealEstate]

Glad to know that you found the video encouraging! I made a video more recently about starting in real estate part time while working a 9-5. You can see that here: kzbin.info/www/bejne/fHuoqIClirV9rLM Feel free to reach out if there's any way I can potentially help as thing progress!

[@listenupp1]

Thanks! Will be in touch.

[@buzzfeed7410]

Thanks Tyler, nice breakdown.

[@TexasRealEstate]

Glad to share!

[@akadhing129]

Love this Tyler!

[@TexasRealEstate]

Glad you enjoyed the video bro!

[@lordwavybone]

Thanks for sharing your experience

[@lordwavybone]

Clean Polo 👕

[@TexasRealEstate]

Of course brother! It's a blessing to be able to.

[@TexasRealEstate]

Thank you! 🙌

[@WilliamDailyReacts]

1.4 million net to only 88k in your account!! If you flip houses while license does the broker get a cut of that money? Secondly when did you start flipping homes?

[@TexasRealEstate]

We're talking commissions, which are typically a % of the sales price such as 2.5-3% Flipping homes & representing clients / earning commissions are 2 completely different things. Brokers aren't typically in the business of flipping houses. I flipped a few houses between 2018 & 202 but today all my work is in the brokerage side of the business. I help licensed real estate agents build their careers, increase their sales & scale their based businesses.

[@missflowrota9223]

You remind me so much of Dustin Diamond

[@TexasRealEstate]

I'm not familiar. Is that a positive thing? Haha

[@missflowrota9223]

@@TexasRealEstate he will be missed 😢 saved by the bell. I am here for the steps to take to be a realtor. You give good advice and thanks

[@TexasRealEstate]

​@@missflowrota9223 sorry to hear! 🙏

[@TexasRealEstate]

@@missflowrota9223 Thank you for watching my videos, I'm glad you find them helpful! If you'd like to reach out to me when you're nearing completion of your pre-licensing coursework, I'd be happy to get you connected with some great resources to help you get started by that point including a free crash-course for newly licensed real estate agents: [e-mail]

[@ARon82]

I hope he doesn't make a porno like Dustin did

[@VelascosLiving]

About to get licensed ! Thanks for the valuable info !!

[@TexasRealEstate]

Glad to help! I'd love to know how I can best help & be a resource for you as you're taking the next steps towards getting started. Feel free to email me to connect further! [e-mail]