The Real Estate Rollercoaster
As a real estate agent, your income is not steady. A friend of mine works as a commercial real estate agent, and he only brings in maybe three or four pay checks a year, but each deal is a multi-million dollar deal, so you can imagine what a 5% commission would be. If you are looking into real estate, you need to be dedicated to saving and planning ahead, since, like my friend, you will only bring in money at random intervals throughout the year. Many people go into real estate expecting to continually make the large deals, but you need to be prepared if you go on a drought for a while.
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