Search

There is a Method in the MATHness!

danielkatz919
Dec 11, 2014
1 min read

Last weekend I attended a Real Estate Marketing webinar given by an impressive pool of panelists. One of them is a top producer agent by the name of Rachel and she was sharing her views on the math behind selecting a farming area, which I found very interesting. She started by saying "to choose an area you wish to farm, you first need to decide how much money you want to make in a year". I thought to myself, wow that is an interesting approach! She continued to explain that if one wants to make $150,000 a year that represents 3% of commissions on transactions worth $5,000,000. Ask yourself, she continued, "do I want to close on 40 transactions worth an average of $125,000 each? Or 20 properties worth an average of $250,000 each? or maybe 10 transactions worth $500,000? Either way, you'll get your $150,000 desired income". Now that we know Rachel's method; How would we apply it? Click here to find out!