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March Lunch & Learn / Webinar: Understanding P&L’s

Understanding Profit & Loss Statements for Realtors

As a Realtor you are running your own business.  You have income coming in and expenses going out.  The profit and loss statement is where the rubber meets the road.  Are you you making money?  Just because you got a check from your broker doesn’t mean you made money.    To figure it out you have to run a P&L and compare the income that came in versus your expenses.  You should be doing this monthly.  With tax season upon us many of you are also completing your tax returns.    That can be an eye opening experience when you put your expenses on paper!  Additionally, real estate is one of the number one industries that owe back taxes.  Let me help you fix that problem.   During this event I am going to give you all the tools you need to complete a monthly P&L and track the probability of your business.

Hot Topics We Will Cover

Here is a list of some of the things we will cover during the event:

  • Profit & Loss forms
  • Cover office, wage, miscellaneous, & personal expenses
  • Tracking gross income
  • Paying the IRS quarterly
  • Reserve accounts
  • How the P&L relates to income tax and the Schedule C
  • Determinizing what expenses are worth encoring
  • Average expense vs income ratios you should aim for
  • Where other revenue sources come into play

Come learn from one of the best!  Speaker Jeremy Drobeck is in the top 1% of loan officers in Michigan.  He’s helped thousands of home buyers navigate their way to home and ownership.  As the market continues to shift we all have to adapt and find ways to do better.  Our educational series this year is dedicated to exactly that.  If you need help with anything between now and our next event don’t hesitate to reach out.   Can wait to see you there!

Sign Up Today!

LIVE EVENT

Date: March 9th

Time: 12:00 – 1:00

Location: 5830 Venture Park Dr. Kalamazoo, MI 49009

Limited Seating. RSVP required.  Box Lunch will be provided.

REGISTER NOW

ZOOM WEBINAR

Date: March 16th

Time: 10:30 – 11:30

Zoom Webinar

 

REGISTER NOW

 

2023 Calendar of Education Events for Realtors 

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July Lunch And Learn: Options For Every Home Buyer

OPTIONS FOR EVERY HOME BUYER

AS A REALTOR, HAVE YOU EVER WONDERED WHY BUYERS FIT INTO ONE PROGRAM VS ANOTHER?

Every home buyers scenario is different.  When first meeting with a buyer we take a deep dive into there personal financial information.  The personal financial information is going to determine our limits for the different loan programs.  However, there is much more to it.  When we meet we also go over their wants, dreams, and future goals.  Here are just a handful of questions that then help to determine the loan program.

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