What is your EXIT strategy?

No doubt you inform your buyers and sellers about the best case scenario and often times the worst about how to best exit from their current property into the next or how to exit from the world of renting to home ownership. You run the numbers; you listen to their loan officer and you do the comps on the property they have chosen.

These duties are in your job description and this is your chosen field. For many it is their chosen career. Now what about you? Do you have an exit strategy? I am talking retirement. Have an IRA, Roth, 401k, investments, SS perhaps the equity in your residence. How have they fared lately in the current 2009 economic climate? Not well for most.

EXIT Realty has another option for you. Sponsorship! To assist the company in growth corporate rewards their agent for sponsoring and mentoring their Sponsoree’s to success. Monetary reward; paid by corporate. Not only does this accentuate the company it fosters success because people mentor their cohorts! Your Sponsoree will like the idea of repeating the process not only because it feels good to be successful but because it feels good to teach someone and it feels good when there is a monetary reward! This creates a second stream of income called RESIDUAL for the sponsor at 10% of the Sponsoree’s annual income.

Additionally, we have an EXIT strategy! Our name is EXIT so we have to have an EXIT strategy. When a sponsor retires they continue to collect the residual income of their Sponsoree at a rate of 7%. This income is also designated to a beneficiary at 5% when the sponsor makes the final EXIT. That is my EXIT strategy. What is yours?

reposted from Linda Landry's Real Estate Blog, September 19, 2009. http://lindalandryrealestate.wordpress.com/2009/09/19/what-is-your-exit-strategy/