Seeking $50,000 to Transform My Life
I’ve been trying to establish my career in real estate for a few years, but have been having a difficult time creating momentum and becoming self sustaining. I spend 90% of my time either looking for work (tech support, video, photography, drone, labor), or working to pay my bills (currently $2,000 a month), and the remaining I give to my real estate career. Any time I have a small runway, I have been able to get some deals going, but it hasn’t yet been enough to establish myself.
When covid struck, I lost my job of 5 years that had been sustaining me. I am now positioned at a firm with a great mentor and coach who sends me plenty of leads. My challenge now is finding the time to follow up and take care of them. I’ve made about $10,000 total in real estate in the past few years so far, and am seeking a runway to help me gain momentum to close a few more deals and become self-sustaining.
The median house price in Western North Carolina is $350,000. At a 3% commission, that would be $10,500. My firm split is 75/25 so my check would be $7,875.
My top goal would be to raise $50,000. This would allow me to pay off the $20,000 in short term loans (mainly credit cards) which would remove the $300 monthly interest payments ($3,600 a yr I’ve been paying for 2 years to try to maintain a good credit score) and reduce my total monthly bills from $2,000, to $1,500. The remaining $30K I would set aside for strictly bills (now reduced to $1,500 a mo) and work real estate full time until I was self-sustaining.
If my goal is reached, I promise to follow up with all progress updates. This would absolutely transform my life and I would be happy to report back at every milestone.
Thank you for taking a moment to consider contributing to my goal. If you have any questions or ideas I would love to hear them.