Real estate has long been touted as a great investment opportunity for those looking to build wealth. And one way to get started in the world of real estate is by becoming a real estate agent. Greg Raymer, a successful real estate agent and brokerage owner, is a prime example of how one can use their skills and experience in the industry to generate cash flow and invest that money into real estate to build wealth.
Becoming a real estate agent is relatively easy and affordable. Most states require a pre-licensing course, passing a licensing exam, and continuing education. Once licensed, real estate agents can begin generating income by helping buyers and sellers with their real estate transactions. As Greg Raymer discovered, being a real estate agent can be a lucrative career choice. In fact, according to the Bureau of Labor Statistics, the median annual wage for real estate brokers and sales agents was $51,220 in May 2020, with top earners making more than $111,800.
Generating cash flow through real estate sales is just the beginning, though. As a real estate agent, one has access to information about the real estate market that the general public does not. This knowledge can be used to invest in real estate, either by purchasing properties to fix and flip or by buying rental properties. Many successful real estate agents use the cash flow generated from their sales to invest in real estate and build their wealth over time. Greg Raymer is an excellent example of this strategy in action.
Greg Raymer is a successful real estate agent and brokerage owner with over 20 years of experience. He currently owns and operates a NextHome franchise in Bowling Green, Kentucky, which is about an hour north of Nashville, Tennessee.
Before Greg entered the real estate industry, he played minor league baseball for five years in the Padres, but got injured and decided to finish his business degree before entering the working world. Greg worked in the insurance industry for ten years before realizing that he wanted more from his career than just a paycheck. After picking his cousin's brain about real estate, Greg eventually obtained his license and ended up buying a Next Home franchise.
Greg's brokerage has grown to 20 agents, and he has carved out a niche for himself in REO (real estate owned) listings. This includes foreclosures, auctions, and getting on a bank's list for foreclosures. His clients are primarily larger banks, and he's had success in this space from day one. Another area of focus for Greg and his real estate business is investing in mobile homes. He has a partnership through USA House Partners, an investment group through his brokerage, and they invest in and wholesale mobile homes. Greg has found his niche with mobile homes and he looks forward to acquiring more in the near future. As Greg says, "they're recession-proof."
Greg's goals are to continue building his business and serving his clients. He recognizes that investors are looking for buy and hold opportunities that provide a steady income stream. Greg Raymer's success in the real estate industry is a testament to his hard work and dedication to his clients. He has found a niche in REO listings and mobile homes and has built a successful brokerage around those areas. As he continues to grow his business, he understands the importance of tracking his progress through KPIs and metrics.
