The “Magic Number Formula” is something that Julie & I developed to help you meet your monthly income goals in a stable, predictable way, so that you’re not left scrambling at the end of the month trying to make ends meet. Instead of basing your future income on guesswork, we created this simple tool to help you calculate where you’re at, where you’ll be, and what you should be doing to get there .
Simply put, your real estate magic number is the number of listings that you need to have at all times to maintain a stable, consistent level of income. The idea itself is pretty basic – you build up a pool of active listings, and once that’s done you only have to work to replace them as they sell. The complex part is determining what your “magic number” of listings needs to be – and that’s what we’re discussing in today’s show.