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Kentucky public TV station gives suspended students a turn behind the cameras

An educational initiative developed by a Kentucky public broadcaster is turning teens who ... “When people sit down and get to enjoy PBS Kids in their homes, we forget about these youth that can’t just sit down and watch television because they ...

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FasterBetterTogether.Inman Connect San Francisco, Jul 16-20, 2018 Learn More If you are like most real estate agents, you make killer commission checks. I’m talking about $20,000 to $100,000 every time you close a house. What? Not in the little town you represent? But on TV, all the agents are millionaires! So, the “standard” commissions in your mid-sized market average around $5,000, and your broker gets a chunk of that, too? And then Uncle Sam takes a piece? But on TV, all the agents are millionaires! No? Click To Tweet So, how much are you making every time you sell a house or find a buyer — $1,000 to $3,500? Well, I guess that’s OK as long as you’re closing one or two houses every week.Finding and hiring top talent for your teamFive best practices to help you find the right hire READ MORE What’s that you say? You close about three deals every month? And only in spring and summer months? And in the fall and winter you average one a month? Are you telling me you make about $50,000 per year? Money on the side Don’t you wish there was a way for you to be involved in real estate, make steady income every month and use those commission checks as a yearly bonus instead of a yearly salary? Have you ever thought about investing in real estate? Surely you’ve noticed the really successful agents in your area also own a real estate portfolio. And every agent knows at least one real estate investor who makes more money without the hassle of showing houses and stressing over every single closing. Have you ever heard that landlords make money in their sleep? It’s time to wake up and realize that the big money in real estate is in owning and controlling the real estate. Every agent needs a real estate portfolio for three reasons: Representing buyers and sellers is one way to make a living, but it won’t set your family up for generational wealth. You won’t ever be able to take a vacation and make money in your free time unless you own a real estate portfolio. Real estate agents are more than qualified to transition themselves into real estate investors. Have you ever heard that landlords make money in their sleep? Click To Tweet You have the market at your finger tipsYou make pennies on the dollar when you represent investorsYou watch them buy a property, fix it and sell itYou might have collected $5,000 if you represented them on both transactionsThey made $50,000. Breaking the agent-only mindset What are you waiting for? Real estate agents have the skill set, the connections and the industry knowledge to be the most successful real estate investors, yet fewer than 25 percent of all agents own real estate. It’s time to change that statisticNothing creates empathy for your represented parties like actually living in their shoes as the property buyer and seller. Once an agent experiences the thrill and excitement of being in control, there’s no turning backMaking that big money is addicting. Most agents wait until they’re ready to retire to start buying and renting property. Don’t become that statistic. Buy land nowI don’t care if you have $1,500 to invest or $100,000 to start your portfolio, just start it today. Ten years from now, you’ll send me a thank you email. Twenty years from now, you’ll send me a beautiful bouquet of flowers for giving you that kick in the rear end to get out of your “agent-only” mindset and into the role of money maker. Fifty years from now, I fully expect your kid to call me and say, “What am I supposed to do with all these properties?” Warning: If you don’t train your kid on what they should do with those properties, I will buy them for half price and take away your kid’s “headaches” from the inheritance you so carefully created for themOnce you know the secret to generational wealth, teach the next generation! Whitney Nicely is the queen of real estate in east TennesseeAll Real Estate, All the Time with Whitney Nicely is a podcast to learn about flipping, flopping, listing, buying and investingFollow her on Instagram @WhitneyBuysHouses or Facebook. Email Whitney Nicely Article image credited to Syda Productions / Trending 10 hidden Facebook features all agents should know by Amy Puchaty | Feb 5 Why 2018 is the year of the agent by Brad Inman | Feb 1 Douglas Elliman sues Taylor Swift for breach of contract by Marian McPherson | Jan 30 Is the traditional real estate model dying a slow death? by Bernice Ross | Feb 5 Finding and hiring top talent for your team by Nolan Greenberg | Feb 5 Show Comments Hide Comments Comments Related Articles 3 areas of continuing education agents can't afford to ignore Check out these courses today by Sean Whaling | Sep 9 PieSync merges disparate contacts without risking data loss So no lead falls through the cracks by Craig CRowe | Sep 7 When neighborhoods go bad Profitable investing opportunities can be found in neighborhoods branded as 'bad' by Daren Blomquist | Sep 1 10 selling mistakes you can't afford -- for your business's sake Avoid these errors, and your rewards will be plentiful by Bruce Keith | Aug 1 Back to top Inman About Contact Support Advertise Sponsor Connect Careers Code of Conduct Privacy Terms of Use Products Select Inman Pro Market Intel Community Inman Facebook group Agent War Room Broker War Room Vendor Exchange Contributor submissions Image submissions Awards Inman 101 Inman Innovators Inman Influencers

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