February 14th, 2011 11:06 AM by Eric Fang
Once in a while, someone asked me why I don't work as a realtor to sell/buy houses. The reason is very simple:
1)I want to be an expert on loans.That'w what I am now.
2)If I also buy/sell houses, I may not be able to catch the best rates for myclients while I am out of office.
3)I am a good loan originator, but nota good realtor. I know it.
3)I want to spend my time with my family.If I work as a realtor as well, I will haveno personal life at all.
4)According to 80/20 principle,a)20% of the loan originators will have80% of the business.b)Smart loan originator will use 20% of the time to make 80% of the income.c)If I am a realtor, I will use 80% of mytime to make 20% of the income, which is notwise for me.