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should have been a real estate agent or roofer

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should have been a real estate agent or roofer

Old 10-06-2018, 04:12 PM
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Default should have been a real estate agent or roofer

So I took my kid to a BD party, got talking to another dad who is a real estate agent. So he says he sells a "few" houses a year. Around here (Vancouver BC), a house is minimum $2M. So lets say he sells a house at a modest 3% commission. Thats $60K for selling ONE house where he doesn't have to lift a finger, the most he does is show it to a few people, maybe put it on a website, answer a few phone calls / emails. What is this a few hours work for $60K? What a deal! This has to be the easiest money ever. Sell one house per season and he's making $240,000 / year? I'm in the wrong business. What am I missing here?
Old 10-06-2018, 04:18 PM
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Neighbor's house, small, old ... needs a roof. Roofers come in with a bin. Three guys and an assistant that looks like one of their adult kids. They're done the entire job in two days including replacing the plywood. Mind you they worked 12+ hours. But my neighbor says he paid $16K cash, no tax and that was the rock bottom cheapest he could find. I believe him being a homeowner myself. I looked at the price of shingles, plywood and a bin, they could not have spent more than $3-4K on materials and the rest is pure profit. So lets say each guy pockets lets say $4K per job. They do 5 houses per month. That is $20K per month and $240K per year. I should have gone into roofing, what as I thinking going to university?
Old 10-06-2018, 04:28 PM
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Said it before and I’ll say it again. Don’t count other people’s money.
Old 10-06-2018, 04:40 PM
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If workers comp was 50 cents on the dollar. They made less than 60 dollars per hour. Quite a few omissions in OP cost also. If anyone thinks you will get rich at those prices a nail pouch hammer and utility knife can be had for about 100 bucks and bam your a roofer.

If if they dont pay high comp rate, when they take tumblr one day every dime they ever saved is likely spent before they are back to work.

I think I would rather be a lawyer. Ha ha.

Last edited by Finsinchessy; 10-06-2018 at 05:06 PM.
Old 10-06-2018, 04:41 PM
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Apparently someone has been watching too much HGTV and did not take any basic business classes at university.
Old 10-06-2018, 04:46 PM
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Know a lot of real estate agents. None are rich. I am a A/C contractor. Not rich either. Been around the construction business for 48 years. I think the only business worse than mine is roofing. No freaking way. Insurance, call backs. Unapplied labor. No way.
Old 10-06-2018, 04:47 PM
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OP, you haven’t a clue.
Old 10-06-2018, 04:48 PM
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Originally Posted by Finsinchessy View Post
If workers comp was 50 cents on the dollar. They made less than 60 dollars per hour. Quite a few commissions in OP cost also. If anyone thinks you will get rich at those prices a nail pouch hammer and utility knife can be had for about 100 bucks and bam your a roofer.

If if they dont pay high comp rate, when they take tumblr one day every dime they ever saved is likely spent before they are back to work.

I think I would rather be a lawyer. Ha ha.
this dumb ass carpenter paid off now my exwifes school loans and insurance for six years it ain't what it seems either. Go to veterinarian school.
Old 10-06-2018, 04:51 PM
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she's a vet?
Old 10-06-2018, 05:02 PM
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Originally Posted by MikeMadBch View Post
Apparently someone has been watching too much HGTV and did not take any basic business classes at university.
THIS ^^^^^^^^^^^^^
costs are much higher than one outside of the construction industry can imagine.
lets not forget the stress / liability involved for the small sum you get to keep if it pans out.........
Every set of wheels on the road is a target, every employee is subject to injury / comp claim.

Old 10-06-2018, 05:40 PM
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It's Canada....are there workers comp rates really 50%? When I was in biz, it was in single digits. Also, they could be working "under the table" or the owner is paying his employees as "subs".
Old 10-06-2018, 06:22 PM
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Default Tobby Keith

There's a song by Tobby Keith: "Should have been a cowboy " This one apples to me.....LOL
Old 10-06-2018, 06:24 PM
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Originally Posted by Boataholic View Post
It's Canada....are there workers comp rates really 50%? When I was in biz, it was in single digits. Also, they could be working "under the table" or the owner is paying his employees as "subs".
In US last roofer I asked was 46 percent. I was paying 14 percent general carpentry.

Is subs dont have comp. the GC gets dinged on comp. audit and has to pay the comp.

Anyone working under the table had better charge a lot because if they get hurt they will need it.

Construction are much more than most could ever guess. The volume super manager can do well but in my experience most just make fair living and spend the golden years arthritic and to staved up to do all the things they always they would.
Old 10-06-2018, 06:33 PM
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Originally Posted by makonnen View Post
So I took my kid to a BD party, got talking to another dad who is a real estate agent. So he says he sells a "few" houses a year. Around here (Vancouver BC), a house is minimum $2M. So lets say he sells a house at a modest 3% commission. Thats $60K for selling ONE house where he doesn't have to lift a finger, the most he does is show it to a few people, maybe put it on a website, answer a few phone calls / emails. What is this a few hours work for $60K? What a deal! This has to be the easiest money ever. Sell one house per season and he's making $240,000 / year? I'm in the wrong business. What am I missing here?
What I think you are missing is the cost of living in Vancouver which make \s $240K there like $70 or $80K down here. Isn't it quite high up there?
Old 10-06-2018, 06:36 PM
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Originally Posted by Boataholic View Post
It's Canada....are there workers comp rates really 50%? When I was in biz, it was in single digits. Also, they could be working "under the table" or the owner is paying his employees as "subs".
Well I don't want to bring race into this. But these roofers are from India / ie: east indian roofers. I bet they don't even have a business license or even the ability to collect taxes. THis is a huge problem here in BC Lowermainland, under-the-table, uninsured workers undercutting people doing business legitimately. That roofing job should be at least $20K for stripping the roof and replacing the plywood. I know because I priced it out for my rental house about 10 years ago.

Interesting that my neighbor is actually a general contractor for high-end houses, he runs a framing crew too. I found it interesting he used "cheap labor" to fix his roof and didn't even go with his own roofers.
Old 10-06-2018, 06:40 PM
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Originally Posted by Walleye Guy View Post
What I think you are missing is the cost of living in Vancouver which make \s $240K there like $70 or $80K down here. Isn't it quite high up there?
That is true but you can't tell me everyone is making $240K / year.

Grass is greener on the other side. Hindsight is 20/20.

I have a comp sci degree and work in technology. Honestly should have looked a bit closer at the trades. At least here in Canada, they seem to pay very well.
Old 10-06-2018, 06:50 PM
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Selling my house soon. Met with Realtor today. 6% commission on my 450k house. He went over the value he brings to the table in the HOT market where I live. Average days from going on the market to closing is 52 days. So for two weeks on the market, some pictures on a website, possibly having to drive over to let someone look at the house and helping with the closing = 26K!!!

I am having a tough time swallowing that pill, might have to look into FSBO. I really don't have the time to show the house, but holy crap...
Old 10-06-2018, 07:04 PM
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Originally Posted by cparkerc View Post
Selling my house soon. Met with Realtor today. 6% commission on my 450k house. He went over the value he brings to the table in the HOT market where I live. Average days from going on the market to closing is 52 days. So for two weeks on the market, some pictures on a website, possibly having to drive over to let someone look at the house and helping with the closing = 26K!!!

I am having a tough time swallowing that pill, might have to look into FSBO. I really don't have the time to show the house, but holy crap...
That is what I'm talking about! Isn't that the absolutely EASIEST money ever? So this guy sells only FOUR houses and he's pulling in over $100K USD for a tiny bit of work.
Old 10-06-2018, 07:20 PM
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The agent won’t typically collect the entire commission. If he is the buyer’s agent he would typically collect half the commission rate. He would then have to split his share with his broker and the amount would be dependent on their agreement. His share could only be 25% of the total commission.

Old 10-06-2018, 07:46 PM
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Originally Posted by makonnen View Post
That is what I'm talking about! Isn't that the absolutely EASIEST money ever? So this guy sells only FOUR houses and he's pulling in over $100K USD for a tiny bit of work.
It’s shockingly easy. You should keep your day job and just “make a few phone calls and post a few things on a website” and you too can make that kind of scratch. what are you waiting for?

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