“Cash is King.” We’ve heard this in the financial world forever, but even more so in the Real Estate business and your Real Estate office where it can be very volatile with changing markets due to things Brokers/Agents can’t control. I experienced a 21 ½ % prime interest rate in 1982 and mortgage rates as high as 17 1/2%, to the prime interest rate of 4% in 2017 and mortgages rates at 3 1/2%.
Monthly consistent cash flow of even a small amount of $5,000 t0 $15,000 a month can go a long way in keeping the doors open and not losing a significant investment you’ve made in your Real Estate sales office when the market goes south.
Just 50 doors could provide you with $7,500-$10,000 a month in monthly cash flow. 50 doors can be attained just by the clients you service now and a few referrals in as little as 4-6 months.