Recently wanted to buy 3rd properties using my MIL name. As mIL is first time buyer for HDB she is entitled some grants and we needed to know some rules and regulations too. The problem was the agent was not aware of all the details and so on + we ware tied down to 5 years by hdb as my father bought a 2rm using our address . Lots of constrains and so on for my MIL. Ended up we had to follow up and called hdb.
I do agreed hdb is not an easy deal as hdb is not very clear and information provided on the HDB internet may not be detailed . CS from HDB needed to consult another party and we had to write in to get the black and white
not an agent but from what i heard, when times are bad it's really damn hard to make a sale and earn commission. being an agent now seems very attractive cos the market also very robust. but if got cooling measures (which may or may not be happening soon), the market's gonna be affected, just like every time cooling measures are announced. so best to have it as a side hustle first to test water
if you young, no commitments want pia, all in full time might get you results faster too since you have sales exp
but if you have family commitments etc, discuss with your family first
because you need to consider that other than the main source of income, you are also losing out on the employer's cpf, annual bonus etc
if you are financially comfortable at the moment and you can tank for at least a good 6 months, i will say you should be relatively ok to tide it out during the initial stages
those millionaire stories can be a source of motivation but
i will say to be more grounded and if you really do reach there level, take it as a bonus and congratulations
first few months might be tough because of the capital outlay
a guru account will set you back around 2k for the lower tier one and there's still 99.co, srx, edgeprop etc
and depending on how you use the credits, it's like a p2w system to me. should be relatable if you are into gacha games
add on the registration fees, expenses such as client relationships, advertising fees (depending on what type of channels you are looking at), i will say a good 5 to 10k minimally can go to annual expenses
of course the good side is the flexibility and if you work hard enough (or get lucky), work 3 months can chill whole year.
meaning, the flip side might happen too. you might go through a drought for a period if times are bad
for myself, im not a satki agent by any means. my family background is ok in the sense that i dont really have to help out much, so if i can get by with a monthly nett of 3-4k after deducting all expenses, im good
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