How To Maximize Your Exit Strategy

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The Top 1% Team Podcast

Bob Corcoran

27 episodes

1 week ago

Are You a Match For Bob’s Coaching? Ask any agent or Team Owner who coaches with Bob and they will tell you straight up he is not for everyone. If you are looking for rah-rah or pumping up he is not your guy. If you are self-motivated, highly driven and coachable he will show you exactly what you need to do to achieve levels of performance you didn’t think were possible. For over the past 30 years he has helped high-performance agents and teams bust-through persistent plateaus and continue growing while getting their lives back. When you are ready to do 2x to 5x more business in the next 1

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How To Maximize Your Exit Strategy

The Top 1% Team Podcast

3 minutes 44 seconds

3 years ago

How To Maximize Your Exit Strategy

When we take on a new client, we start working with the end in sight. The end in sight means you are eventually going to leave real estate. Either by choice or through death. It is inevitable, you will get out of real estate

How many more years do you want to do it? I don't care if you are 20 years old or 50 years old. Eventually, you will get out of business. We work with all of our clients, helping them determine their exit strategy.

We do that in the first 90 days. We're going to ask the question: “How many more years do you want to do this?” “But I am 25 years old and I’m in it for the next 40 years.” What if you had the ability to walk away from the business, very profitable, in 20 years? Why will you wait 40? It's not that you may not walk away, but it's having the ability to walk away and not be tied into just you making income from real estate to sustain your life.

What about building multiple pillars of income? Real estate is one pillar of income. As Warren Buffet says “Invest in the what you know best”. Most real estate agents know real estate best. So, If you want to have multiple pillars, invest in pillars that are focused on real estate. Whether it's flipping houses, property management or buying storage units, it is still real estate. The majority of agents when they are done, they pack up their "toys", they go home and they lose a lot. They don't do anything with their business, and that is criminal.

If you hear me right now, find an agent or team owner who wants to retire, buy their business. We can help you walk through the steps on how to do it. If you are a client of ours, I'm going to teach you how to buy, because I want you to get lots of money. We help a lot of clients to sell their business and we help them to buy businesses. We sold one client's business for 7 million dollars that included 6million up front. So, if you want to learn how to maximize your exit strategy, call us today. If you hear me right now, find an agent who wants to retire, buy their business. We can help you walk through the steps on how to buy their business. Now if you are a client of ours, I'm gonna teach you how to buy. Because I want you to get lots of money.