Setting Up Your Real Estate Business Finances
Your salary will likely be the biggest expense in your business. It is important that you make sure your business is profitable after you pay yourself and your other business expenses. When you are setting up your finances, you will want to: Determine your personal expenses/savings and required salary. Determine your required annual and monthly income to make a profit. Determine your desired annual and monthly income (your goal) Here is a guide to setting up the different bank accounts you...