Wait!!! What?
How in the world did the profits for October dip below $10k?
Don’t get me wrong I’ve had many many months during my real estate career where my monthly net profits were much less than $8,347.06. But not this year! Or any recent year! So I looked a little closer and found some more money.
In October I received an $8,008 commission, my salary of $5,000, and paid another $10,000 extra towards my impending tax liability (not due until April 15, 2017 – but I’m trying to get ahead of it.
Factoring in those additional figures my profit looks more like this:
$8,347.06 + $8,008 + $5,000 + $10,000 = $31,355.06 in profit for October.
Based on gross income of $166,748.91… $31,355.06 represents a net percentage of 18.8. Not sure why I haven’t mentioned this calculation to you sooner, but what I shoot for each month is 20% or higher net of gross. This percentage is for lifestyle businesses only. If you are in production, your net of gross percentage must be 25 or higher – for team leaders, and 50% plus for solo agents.
Any questions, let me know: bart AT bart sells houses DOT com.
CLICK HERE for the October Profit & Loss statement.
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