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| Sponsored by Quicken Loans |
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| Keep More of What You Make |
| By Jim Knowlton |
There are few business opportunities that have a lower cost of entry and a higher income potential than real estate sales. Why then are so many agents and brokers living closing to closing? The problem lies in understanding what we make (our gross income) and what we keep (our net income), and how to allocate resources from there. Most team leaders and agents that we coach work on a cash-in, cash-out system—often in their personal checkbook. Rule one: Always separate your real estate income and expenses and your personal income and spending. Additionally, you should have separate credit cards for business expenses and personal expenses for ease of tax-time recordkeeping. Once a commission check passes through your business ...
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Many of us plan to grow old in our homes, also known as "aging in place," and some of us have family members currently doing just that.
