5 Real Estate Agent Success Stories [2024]
Real estate agents are professionals who assist clients in marketing and selling their properties. They also assist the buyers in purchasing properties. Their services include meeting clients, advising them about market conditions, and providing guidance through the process of buying or selling properties.
A real estate career can be financially rewarding. However, the work requires good management skills, organization skills, customer service, handling complex paperwork and socially promoting yourself.
The pros of becoming a real estate agent include earning extra commission from clients and also setting your own working hours.
Here are some real life success stories of starting a real estate agent:
1. Vesta Preferred Realty ($4.2M/year)
Grigory Pekarsky stumbled into real estate with no prior background in the field. After realizing that his competitive edge was his work ethic and ability to pick up the phone, he quickly became the top agent in his office and eventually started his own company, Vesta Preferred. Now celebrating their 10th year of operation, Vesta Preferred is the #3 real estate company in Chicago and consistently grows at a 20% pace, with plans to write 1000 new leases and sell over $120m in real estate this year.
How much they make: $4.2M/year
How much did it cost to start: $5K
Current team size: 2
Residential real estate company, Vesta Preferred, celebrates their 10th year of operation with 80% referral-based business and focus on relationship building, recently achieving their goal of 1000 new leases and $120M in real estate sales in 2019.
2. Momentum Property Solutions ($60K/year)
Jordan Fulmer and his wife Melissa, both mechanical engineers, were inspired to start their real estate investing company, Momentum Property Solutions, after a coworker left his engineering job to pursue entrepreneurship. They learned about creative financing strategies and focused on buying distressed properties, renovating them, and either selling or renting them. They now make $2,000 per month in rental income and are averaging one deal per month, thanks to their increased marketing efforts.
How much they make: $60K/year
How much did it cost to start: $25K
Current team size: 1
Real estate investing company Momentum Property Solutions, founded by Jordan Fulmer and Melissa, makes about $2,000 per month in rental income with chunks of capital from selling properties and averages one deal per month due to increased marketing efforts.
So... can you actually make money with a real estate agent?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
3. Open Door Capital ($18M/year)
Brandon Turner, founder of Open Door Capital, came up with the idea of starting a real estate investment company after experiencing financial freedom through renting out properties at a young age. Inspired by the potential for passive income and property appreciation, he decided to focus on real estate instead of pursuing law school or selling kites online. Now, Open Door Capital has over 5,000 rental units and aims to make a billion-dollar profit from selling properties in the future.
How much they make: $18M/year
How much did it cost to start: $30K
Current team size: 23
Entrepreneur Brandon Turner explains how he started a real estate investment company, Open Door Capital, which now manages over 5,000 rental units, bringing in $30,000,000 per year in revenue while only working a few hours a week, and aims to cross $1,000,000,000 in real estate by the end of the year.
- 4,818 founder case studies
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
