My husband has been contemplating a switch from residential to commercial for about a year now, and the biggest obstacle for him has been the potential for an initial drop in pay due to lack of experience. He is quite established in residential, but is certainly concerned with the trends on the residential side. We have been considering purging a lot of expenses in order to make the finances work out, with our house being our biggest expense, but it is the only debt that we could reasonably dispose of somewhat quickly (student loans are our other big debt item). He has had to pass up on a couple of opportunities in commercial appraising or a related field over the last year because of our financial obligations, and a significant drop in initial pay. What makes it more difficult is that we have a small child, and I am only able to work part-time, so he is essentially the sole provider for our family.
Thanks in advance
Thanks in advance