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Real Estate Training & Coaching School

Real Estate Coach | Real Estate Agents 5 Year Plan (2)

Real Estate Training & Coaching School

Real Estate Training & Coaching School

Business, News, Business News, Careers

4.7669 Ratings

🗓️ 22 March 2022

⏱️ 42 minutes

🧾️ Download transcript

Summary

We created this podcast series, Real Estate Agents 5 Year Plan to provide a specific, practical, and tactical plan to meet or exceed your goals in your real estate career and ultimately in your life.....in 5 years or less. Today's show is part 2.  As always thank you for keeping this podcast the number 1 daily podcast for real estate professionals. Remember to ‘Like’ and ‘Subscribe’ so that you receive every show the second it is released. If you are on iTunes please give us a 5 Star review and then share with us why you liked the show. Your continued support and encouragement are greatly appreciated. Todays show is sponsored by RED/X. Question: Are you (finally) ready to become a LISTING AGENT? Of course, you are. Great news, this podcast is sponsored by Tim and Julie Harris’s favorite SELLER Lead systems. You read that correctly, this trusted company will provide you with the names, addresses, phone numbers of homeowners who want to sell….truly motivated seller leads. Best part? NO referral fees. What are you waiting for? Go there now and become a member. CLICK HERE NOW. When you do you will save $150 because you are a Harris podcast fan.  P.S. This is the same system Tim and Julie used when they were top-producing agents.  4 - Your listing goal is to have two listings at all times, assuming average days on the market are 30 or less where you are selling. Most of the country is 20 days on the market or less currently, so adjust appropriately. The longer the days on the market, the more active listings you need to count on one closing per month.  5 - You must immediately set up three separate bank accounts. A savings account, an operations/checking account, and a tax account. Every time you are paid, you place a minimum of 10% into savings, 20% into your tax account, and the rest into your operations / checking account. Do not commingle savings and tax accounts. The tax money does not belong to you. Upgrade your savings % as soon as possible. You should have at least a 75 to 80% profit margin. 6 - Using your Real Estate Treasure Map, identify any debt you must pay off, especially high-interest rate credit cards. Refinance any mortgages you have while rates are low and lock in 30 year fixed mortgages. Give yourself specific deadlines for all financial goals.   POP QUIZ: Please choose one answer: 1) I am ready to join EXP Realty.  2) I am interested in EXP Realty and need more info.  3) I am not interested in EXP Realty.  Key: * If you answered “#1” congratulations. You are about to join the fastest-growing real estate company in the world. Tim and Julie Harris are inviting you to join them at EXP Realty. Text Tim directly for the next steps: 512-758-0206. (text only please) * If you answered “#2” please watch the videos and check out the other intel on this site. http://whylibertas.com/harris .  * If you answered ‘#3’ no worries. You will want to check out whylibertas.com/harris so you can at least know what EXP Realty is and why so many agents are moving to EXP Realty. 7 - Develop 2 very predictable income spokes. For your first year, we recommend building your Center of Influence spoke for your foundation, plus one very pro-active spoke such as expired listings and/or for sale by owners.   8 - Take all opportunities your first year, including buyers, sellers, investors, referrals. You are building your skills and need the experience. Not time to be picky just yet. 9 - Sponsor at least 5 agents to eXp. This is the beginning of your wealth-building. 10 - Don't waste time getting ready to get started. Learning your basic scripts and skills will give you the confidence to speak about real estate to different types of people in different situations. Always say "Yes, it would be my pleasure to help you with that." Ask for help when you need it. You don't have time to have mindset issues. Your mindset will greatly improve as your income does, so keep your focus on that.

Transcript

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0:00.0

Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.

0:10.2

This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.

0:18.2

What's really working in today's market, how to generate more leads,

0:21.8

make more money, and have more time for what you love in your life. And now your host, Tim and

0:28.3

Julie Harris. Welcome back. Today is day two, and this is your five-year plan in real estate.

0:36.1

This plan was originally designed for new real estate agents, but frankly, anyone can use it.

0:41.5

And this is a plan for you to lean back into if you find yourself having been in the business

0:46.0

for a few years and needing a real course correction.

0:49.6

That's what this is all about.

0:50.8

So today we're going to get to day two and we're going to give you, we're going to get

0:53.3

more into the weeds of specifically what you should be doing, how you should be applying your,

0:57.7

you know, really scheduling yourself and what you should be learning and what's going to come as a

1:01.7

result. Because remember, guys, at the end of the day, you're doing this business for one primary

1:06.2

reason. If you're going to be serious in this business, if you're going to have a business that you're long term, that you're proud of long term, it's going to be a business that has to be producing

1:15.6

lots of profit.

1:16.6

Because with that profit, you guys can create financial freedom.

1:20.0

So the idea is you sell houses, you make lots of profit, you take that profit, you invest that

1:25.4

profit into things that produces income for you. And then one day you're rich where your money works for you and you no longer have to work for your money. And we're going to start dipping our toast into that conversation with you guys today. So Julie, before we get to our next point in this five-part series, let's do remind them to make sure that they're putting the headlines on ignore in the news.

1:46.2

Yes, indeed.

1:47.0

It's specifically starting with the ones that are pertaining to the mortgage rates.

1:51.2

That's right.

1:51.6

The world is not coming to an end.

...

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