SC124: Linda McKissack. She Entered Real Estate With 600k In Debt (Find Out Why). 27 Years Later She Has 3 Million In Passive Income. Find Out How She Did It (Probably Not What You Think).

Linda McKissack SUCCESS CALL ***Note: If you can not see the audio player above, REFRESH your browser and try again. . . . . To listen on iTunes, click HERE. To listen on Google Play, click HERE. To download, right click the “Download” link below and “save as” to your computer. Download FULL Running Time: 1:48 Website: NorthTexasRealtyExperts.com LindaMcKissack.com Background: Linda McKissack is with Keller Williams Realty in Denton, Texas. Last year her team closed 250 transactions with a total sales volume of 50 million. Her average sales price was 200 thousand of which 50% were buyers and 50% were sellers. She has a 12 member team: 6 buyer agents, 2 admin team, 1 marketing, 1 receptionist, 1 runner, and 1 lead agent. Linda McKissack is a 7th Level team owner who’s removed herself from the day-to-day operation, yet retains an ownership position and receives a passive income stream. She has been an agent for 27 years. In her best year (2012), her team sold 300 homes worth 62 million and earned a GCI of 2.2 million. In this call, Linda about: The huge upside the real estate business offers How she went from 600 thousand in debt with she began her real estate career to earning 3 million per year in passive income today Using big models to achieve big results How to turn your time consuming real estate practice into a 7th level team that runs without you and pays you a passive income stream year after year Why you want to hire and partner with “empire builders” and build a “bigger brighter future” for you and your team members The downside to doing everything yourself and living commission check to commission check Opening your eyes to new possibilities, walking through natural doors, and building a business bigger than you initially imagined How to structure the sale of your team and receive a 10 year income stream Building a 30 million dollar real estate portfolio filled with little rental houses that generate 146 thousand dollars per month in rental income Expanding from agent to team leader to office broker to region owner How she helped other offices grow and now receives 1.2 million per year in passive income And much, much more 2015 Stats: 250 closings 50 million sales volume 12 member team: 6 buyer agents 2 admin team 1 marketing 1 receptionist 1 runner 1 lead agent Niche: 7th level team sell the team passive income wealth creation (originally published on 02/21/16)