Real Estate Business

12 Tips For Starting A Successful Real Estate Business (2024)

Pat Walls

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Updated: January 19th, 2023

Want to start your own real estate business? Here are some tips you should know:

Learn more about starting a real estate business:

Where to start?

-> Real estate business plan
-> How to finance a real estate business?
-> How much does it cost to start a real estate business?
-> Pros and cons of a real estate business

Need inspiration?

-> Other real estate business success stories
-> Marketing ideas for a real estate business
-> Real estate business slogans
-> Real estate business names
-> Real estate business Instagram bios
-> Real estate business Instagram captions

Other resources

-> Profitability of a real estate business
-> Email templates for a real estate business
-> Blog post ideas for a real estate business
-> Real estate business quotes

We've interviewed thousands of successful founders at Starter Story and asked what advice they would give to entrepreneurs who are just getting started.

Here's the best advice we discovered for becoming a real estate agent:

#1: Brandon Turner, founder of Open Door Capital:

We chatted with with Brandon, founder of Open Door Capital ($1.5M/month). In our interview, Brandon says:

Assuming another downturn was inevitable due to that cyclical nature (but not knowing when that downturn would occur), we asked ourselves, “what type of real estate will do well if the United States economy were to decline?”

Read the full interview ➜

#2: T. Cory Lewis, founder of T. C. Lewis & Co. Real Estate:

We chatted with with T., founder of T. C. Lewis & Co. Real Estate ($500K/month). In our interview, T. says:

You have to look back at decisions, review, and revise so that you never have that undesirable outcome again.

Read the full interview ➜

#3: T. Cory Lewis, founder of T. C. Lewis & Co. Real Estate:

We chatted with with T., founder of T. C. Lewis & Co. Real Estate ($500K/month). In our interview, T. says:

Grit and persistence can take you a long way - a lot further than good grades or an expensive suit.

Additionally:

Systems and processes are the greatest friends of any entrepreneur. If you spend substantial time on them, it will pay dividends in the long run.

Read the full interview ➜

#4: Rachel Hernandez, founder of Adventures in Mobile Homes:

We chatted with with Rachel, founder of Adventures in Mobile Homes ($10K/month). In our interview, Rachel says:

When things don’t go your way, you need to be prepared mentally to push forward despite the obstacles. Never give up. Know your “why” first and the “how-to” will come later with time and experience.

Additionally:

When it comes down to it, build your business around you and your personality. Not the other way around. If you can do this as an entrepreneur, then you’re one step ahead of the rest and you’ll eventually find success.

Read the full interview ➜

#5: Druce, founder of Stacked:

We chatted with with Druce, founder of Stacked ($60K/month). In our interview, Druce says:

We saw immediate growth from doubling down on content. Our strategy in terms of SEO at that time was to focus on long-tail keywords that the bigger players were not targeting

Read the full interview ➜

#6: Andrew Detweiler, founder of The Rockville Real Estate Exchange:

We chatted with with Andrew, founder of The Rockville Real Estate Exchange ($15K/month). In our interview, Andrew says:

If you focus on trying to convince people that they need something when they really don’t want it - or don’t see the need - that’s a recipe for failure.

Read the full interview ➜

#7: Gino Barbaro, founder of Jake & Gino:

We chatted with with Gino, founder of Jake & Gino ($200K/month). In our interview, Gino says:

You need to ask your customers/students what questions and challenges they are facing. I made the mistake of creating content that I liked or thought was relevant. I am not trying to add value to my life, but my students.

Additionally:

It was a grind for years to try to sell these low-ticket items. We wanted to become the white glove service of multifamily, and an online micro-course was not going to help us get to that goal.

Further:

Focus on building your people so your people can help build the business.

Read the full interview ➜

#8: Jason Yarusi, founder of Yarusi Holdings:

We chatted with with Jason, founder of Yarusi Holdings ($0/month). In our interview, Jason says:

The trial of doing and learning is where success lies. Those that wait get left behind. Those that start the journey today learn the steps needed by leaping.