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601: The only 3 Ways To Retire from the Mortgage Industry
Manage episode 445752006 series 2547275
In this short 10-minute podcast series, Scott shares how you can retire from the mortgage industry.
In this episode we will cover:
- Having a family member take over your business
- Selling your book of business, either for cash upfront or cash over time
- Transitioning from self-employed to business owner
Want to work with Wally and me to help with this?
Follow me on Instagram
I Love Mortgage Brokering: www.ilovemortgagebrokering.com
Find out more about BRX Mortgage: www.whybrx.com
I Love Mortgage Brokering is brought to you by Finmo.
To learn more, visit: www.finmo.ca/ilmb
In this episode, I dive into the three ways you can retire from the mortgage business, from the least to the most profitable. I break down each method, sharing real-life experiences and tips on how you can maximize your earnings as you exit the industry. Whether you want to sell to a family member, a stranger, or set up a system to do the selling for you, I’ve got you covered. You’ll learn why building a system might be the most lucrative option and how you can avoid common pitfalls that brokers face when retiring.
Here are the talking points we covered:
- The false belief that being self-employed means more freedom.
- "Catfishing" in the mortgage business: initial freedom leads to being overworked.
- Understanding the transition from self-employed to business owner and investor.
- Challenges of differing opinions and potential conflict.
- Pros and cons of receiving cash or opting for a buyout over time.
- Finding the right person and structuring the deal to benefit both sides.
673 odcinków
Manage episode 445752006 series 2547275
In this short 10-minute podcast series, Scott shares how you can retire from the mortgage industry.
In this episode we will cover:
- Having a family member take over your business
- Selling your book of business, either for cash upfront or cash over time
- Transitioning from self-employed to business owner
Want to work with Wally and me to help with this?
Follow me on Instagram
I Love Mortgage Brokering: www.ilovemortgagebrokering.com
Find out more about BRX Mortgage: www.whybrx.com
I Love Mortgage Brokering is brought to you by Finmo.
To learn more, visit: www.finmo.ca/ilmb
In this episode, I dive into the three ways you can retire from the mortgage business, from the least to the most profitable. I break down each method, sharing real-life experiences and tips on how you can maximize your earnings as you exit the industry. Whether you want to sell to a family member, a stranger, or set up a system to do the selling for you, I’ve got you covered. You’ll learn why building a system might be the most lucrative option and how you can avoid common pitfalls that brokers face when retiring.
Here are the talking points we covered:
- The false belief that being self-employed means more freedom.
- "Catfishing" in the mortgage business: initial freedom leads to being overworked.
- Understanding the transition from self-employed to business owner and investor.
- Challenges of differing opinions and potential conflict.
- Pros and cons of receiving cash or opting for a buyout over time.
- Finding the right person and structuring the deal to benefit both sides.
673 odcinków
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