GT OH YEAH
Jan 29, 2008, 11:38 PM
I have a unique situation, which requires a little explanation:
I moved to this town after college (graduated last Dec.) to learn a business from a mentor who is very successful. The idea is to work in various positions within his company for a few years while learning as much as I can, and then start a business of my own. Entrepreneurship is a passion of mine.
Over this last summer I had an "internship" with a commercial real estate company, which is unrelated to the business I have previously mentioned. I like commercial real estate, and it is obvious that it is a passion of mine. I have my real estate license in this state, and working/investing in commercial real estate is an option for me.
My mentor is also very successful in his real estate investing endeavors. Originally I was faced with a huge dilemma: Work full time in the company & learn the business or work full time as a real estate agent & begin investing & building a real estate company. After much deliberation, I decided that building a successful company would benefit the most in the long-run, and told my mentor that I would like a position in his company. Now that I’m here, I can see the amount of opportunity in real estate, and have been very tenacious with getting my hands dirty in some real estate investments. Although I have not started work yet, my mentor asks, “Do you want to work in my company or do you want to do real estate investments with us?”
Now I am in question about which avenue would be best. Why can’t I have my cake & eat it, too? Why can’t I work in the company and do real estate on the side? Apparently, my mentor doesn’t think I could do both. So in order for him to be fully committed in me, I understand that I must commit myself fully to one or the other.
Income wise, the salaried position would be a high-paying job w/benefits that would provide money NOW (and I'm broke - coming out of college). As a real estate agent, you only make what you can generate yourself. I’d need to buy insurance, etc. There is no guarantee I’ll make anything. However, with the recent investment activity, I would have made more than triple my salary in 6 months.
What would you do?
I moved to this town after college (graduated last Dec.) to learn a business from a mentor who is very successful. The idea is to work in various positions within his company for a few years while learning as much as I can, and then start a business of my own. Entrepreneurship is a passion of mine.
Over this last summer I had an "internship" with a commercial real estate company, which is unrelated to the business I have previously mentioned. I like commercial real estate, and it is obvious that it is a passion of mine. I have my real estate license in this state, and working/investing in commercial real estate is an option for me.
My mentor is also very successful in his real estate investing endeavors. Originally I was faced with a huge dilemma: Work full time in the company & learn the business or work full time as a real estate agent & begin investing & building a real estate company. After much deliberation, I decided that building a successful company would benefit the most in the long-run, and told my mentor that I would like a position in his company. Now that I’m here, I can see the amount of opportunity in real estate, and have been very tenacious with getting my hands dirty in some real estate investments. Although I have not started work yet, my mentor asks, “Do you want to work in my company or do you want to do real estate investments with us?”
Now I am in question about which avenue would be best. Why can’t I have my cake & eat it, too? Why can’t I work in the company and do real estate on the side? Apparently, my mentor doesn’t think I could do both. So in order for him to be fully committed in me, I understand that I must commit myself fully to one or the other.
Income wise, the salaried position would be a high-paying job w/benefits that would provide money NOW (and I'm broke - coming out of college). As a real estate agent, you only make what you can generate yourself. I’d need to buy insurance, etc. There is no guarantee I’ll make anything. However, with the recent investment activity, I would have made more than triple my salary in 6 months.
What would you do?