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Real Estate Information |
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What Can I Realistically Earn In A Lease Purchase Business?
If you're looking at Lease Purchasing as a business, you'll obviously want to earn much more than the $20,000 per year in our "How To Give Yourself A $20,000/Year Raise Without Asking Your Boss" article. Let's review the numbers from that article: For every 100 calls Sue makes on For Sale By Owner property, she either speaks with or leaves messages for about 60%. That's about 60 people she puts the concept of Lease Purchasing in front of. Out of that 60, approximately 10 will develop into true prospects. From these 10, 2 or 3 will develop into property we are willing to take on. The others may become consultations or manual sales. (Please keep in mind, these numbers will vary a bit depending upon your particular area and current market conditions). Now let's condense these numbers for calls into a one month time frame. What do you get? The probability of two or three properties per month that you could do deals on. That equates to $10,000 to $15,000 per month. But let's be more conservative. Let's say you do one deal per month for a $5,000 assignment fee (which is what we look for in a typical single family home). Now you're looking at an income of $60,000 per year ($5,000 multiplied by 12 months). Right there, you've built a very good income. But now factor in the additional income stream from consultations you can do on property out of your area, and you can significantly add to that yearly total. Keep in mind, we're only talking about one strategy here. Lease purchasing offers multiple strategies for doing business. Bottom line, very conservatively, a realistic first year income for those working their business full time, is $50,000 to $75,000. Your second year, as your referrals increase and you continue to grow your business, has the potential to see you well into six figures. Now do you understand why we say Lease Purchasing is the best business we have ever owned and why we believe that it is the Perfect Home Based Business. Oh yes, full time for us on deals and consulting is about 20 hours per week. Copyright 2000, DeFiore Enterprises Interested in having your own successful, home based creative real estate investing business? Chuck and Sue have been helping folks start successful home based businesses for over 19 years, and we can help you too! To see how, visit http://www.homebusinesssolutions.com for the latest FREE tips and tricks, educational products and coaching in creative real estate investing and home based businesses. No time to visit the site? Subscribe to our "how to" Home Business Solutions Digest, it's like having your own personal coach: mailto:subscribeHBS@homebusinesssolutions.com
MORE RESOURCES: Housing market: Jason Oppenheim warns of an 'armageddon' in the real estate industry - Yahoo Finance Three-bedroom home in Worcester sells for $381,300 MassLive.com Condominium sells in Worcester for $206,000 MassLive.com Four-bedroom home in Milford sells for $428,733 MassLive.com Homes for Sale in Manhattan and Queens The New York Times Fifth Wall, focused on real estate tech and managing $3.2B, looks to eat up even more of its market TechCrunch Bel Air’s 260-Acre Spread, Representing 6 Percent of Neighborhood, Goes to Auction Hollywood Reporter Charlotte commercial real estate firm changing its name Gaston Gazette Commercial Real Estate in Crisis: Evidence from Transaction-Level ... International Monetary Fund Here are the latest real estate transfers from western Stark County Massillon Independent Fastest-growing real estate agent offers market insight for 2023 The Dallas Morning News GFP Real Estate Inks Three Leases at 505 Eighth Ave. Totaling ... Real Estate Weekly The Next Big Piece Of Tech Real Estate Seeking Alpha Real Estate Newsletter Articles this Week: New Home Sales at ... Calculated Risk 10 Tips For Real Estate Passive Income Entrepreneur The Importance and Surge of Retail Proptech Real Estate Weekly Top Overvalued U.S. Housing Markets Real Estate Mortgage and real estate news this week: Cooling markets create homebuying opportunity and utility bills rise Yahoo Finance Atlanta's 500 Most Powerful Leaders in 2023: Real Estate Atlanta Magazine Real estate problems drag down Blackstone’s profits The Real Deal Taxation – Real estate – Comparable sales Massachusetts Lawyers Weekly Routt County real estate sales eclipse $10.8M from Jan. 20-26 Steamboat Pilot & Today Words you cannot use in real estate San Diego Community Newspaper Group Former Fugitive Wanted in Oregon for Real Estate Scam Pleads Guilty Department of Justice REAL ESTATE | Manufacturing / Warehouse for rent in West Bend, WI washingtoncountyinsider.com Real estate reassessment notices sent to only small percentage of property owners in county Yahoo News The past year in real estate | Business | postandcourier.com Charleston Post Courier Experts say challenges linger but area's commercial real estate ... Fort Worth Business Press Lewiston, Auburn's 'booming' housing market takes center stage at ... Lewiston Sun Journal IFF names new director of Indiana real estate services – Inside ... Inside INdiana Business CALV Presents Commercial Real Estate Class Feb. 17 Nevada Business Magazine Inside Steven Spielberg’s Real Estate Portfolio—Including His Mega-Yacht Architectural Digest California's hottest real estate neighborhoods: Home prices are still ... San Francisco Chronicle Virginia real estate firm acquires Charleston agency 2 weeks after ... Charleston Post Courier Here’s what real estate wants from Chicago’s next mayor The Real Deal Local Scam Alert - Real Estate keweenawreport.com How Real Estate Developers Are Teaming Up With Social Media Influencers The New York Times Amazon hires new VP of worldwide corporate real estate ... The Business Journals Board of Supervisors Approves Reduced Real Estate Tax Rate for ... Fairfax County Government NewsCenter Photos: Top-selling homes in Flagler County Dec. 22-28 Palm Coast Observer Top 7 Tips for Real Estate Investing With Little Cash: Investor Business Insider How to Afford a House in This Market Real Estate Considering a 1031 Exchange? The Rules You Need to Know Kiplinger's Personal Finance Six local real estate projects to watch in 2023 - Sacramento ... Sacramento Business Journal Life sciences and real estate to advance Blackstone's $150bn ... Private Equity International Alfred Sanzari Enterprises Welcomes Regional Cancer Care ... Real Estate Weekly Marina Times - Real estate's dog days Marinatimes Berkshire region real estate sales theberkshireedge.com Investing in REITs vs. Direct Real Estate Morningstar Review: Horror scribe Grady Hendrix breathes life into real estate ... Charleston Post Courier DOUGLAS COUNTY REAL ESTATE UPDATE 1.27.23 kqennewsradio.com December 2022's Median Price of Wake County Real Estate ... Wake County Government |
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