Hi everyone!
My wife and I have recently relocated to Idaho. We did so for a number of reasons and expect to be much happier here than we were on the east coast. I've left behind a small IT consultancy and while I'm certain I could find decent employment in that industry out here I'm more interested in trying something completely new.
Yesterday I interviewed for a loan officer position with a small mortgage company here in Boise. I got a good feeling from the interview; the commission split seems fair, the guys in charge have been doing this for a good long while and they were very upfront about the amount of work involved in getting started and the distinct possibility that I may have to find a second job until I can start generating a revenue stream. The market here most definitely favors buyers but there is a lot of inventory (with a large part being FSBOs).
So the big question is... would I be a fool to attempt to enter the industry at this time? I don't expect to make a killing right out of the gate and the hard work doesn't bother me much. I ran a successful small business out east for a few years but I'm looking for a new challenge and the mortgage industry seems amenable to that. But I'd like to hear from folks who've been doing this for awhile as to whether this move would turn out to be a fool's errand.
Thanks!
Scott
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