News on Youtube Feb 8 2018

Inspired by France's Bastille Day celebrations last year, President Donald Trump wants a

military parade too — an even better one.

The White House says the Pentagon is considering ways to make it happen.

But even if it can, how much much exactly would a military parade cost?

These types of events are very uncommon in the U.S. and can be expensive.

The last one was in 1991 celebrating victory in the first Persian Gulf War, and it different

outlets have estimated its cost at $3 million to $8 million in federal funds.

Adjusting for inflation, that's around $5 million to $12 million today.

The U.S. military budget for the 2018 fiscal year is $824.6 billion.

The U.S. also has over $20 trillion in federal debt.

For more infomation >> How much would a military parade really cost? - Duration: 0:55.

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How Much Money Do Real Estate Agents ACTUALLY Make? - Duration: 11:38.

How's it going everyone welcome back to another video.

In this video we're going to be talking about how much a real estate agent actually

makes.

What I want to do is really break down splits, costs, and percentages to show you the bottom

line, take-home pay for real estate agents.

And I've seen a few other videos on YouTube out there like this but none of them really

showed an accurate amount.

Some were way too high, some made it seem like agents make minimum wage.

The real answer is of course somewhere in between so with that being said, let's dive

into a real life example so you can get an idea of the actual take home-pay.

So let's get started.

By the way, if you're not already subscribed to my channel, be sure to do so for weekly

real estate videos.

Ok what we're going to do here is look at the sales price of a property in my area at

$400,000.

We're going to look at the buyer's side in this video.

What you need to know is that the seller will pay both the buyer's and the listing agent's

commission.

The listing agent's commission can vary drastically anywhere from $500 flat fee and

I've even seen some as high as 4%, but usually on the listing side it will be anywhere from

2% - 3%.

Ok so let's look at this example.

$400k is the sales price.

In Arlington, the commission for the buyer's agent is 3%.

58% of properties right now are offering 3%.

About 40% are offering 2.5%.

If you average these two together, I know it's not a perfect science, you get about

a commission of 2.75%.

To give you an idea, go over to D.C. and a majority of the commission is 2.5% but we'll

use 2.75% because that's more in line with where we're at and what I see everyday.

Ok so with that being said, we're at $11,000.

Now most agents in the area are affiliated with a large brokerage.

Century 21, Re/Max, Keller Williams, and these brokerages take a franchising fee.

This is to use the name, branding, the perks that come with having your license held under

the broker.

Now it's important to remember all these numbers are going to be different, I'm just

going to go with the industry average, from what I've heard, is around 6% off the top,

goes to the broker.

So now we're at $10,340.

The next amount of money that gets taken out is your split that you've negotiated with

your broker.

There are 100% splits out there for some brokerages where you get to keep all your commissions,

but you don't really get much in return, maybe you do.

And these splits are negotiable and if you're thinking oh I'm just going to negotiate

a 100% split with my broker and keep all the money.

Well if you're paying any money to your broker, how can you expect any value in return?

If you're a new agent, your split might be 50% where 50% of your income is going to

the broker for a certain period of time.

Let's meet right about in the middle…let's do 70% split, just kind of like a nice round

whole number and it's a more accurate representation.

Now we're down to $7,238.

Guys it's 2018, most agents are on a team.

Because of the way a team works, you as the buyer's agent will be paying money to the

team lead or CEO or whomever is in charge to be apart of a highly-producing team, right?

They put the systems in place, you succeed, and you throw them a percentage at settlement.

This could vary as well.

We're going to use 15% as the split paid to your team.

You may not have a team, you may pay a lot less, you may pay more, we'll use 15%, that

brings us to $6,152.30.

I think we're pretty much done here.

The last thing that is usually taken out is what's called the desk fee or admin fee.

This is another charge that the bigger brokers include as a fee to help out with admin expenses.

I've seen some agents pass this on to their clients.

For me, my thinking is that my client just bought a house, I don't want to hit them

with a little extra fee, so I pay this fee, lots of other agents pay this.

This fee varies, we're going to use $450.

That's going rate.

That brings us to $5,702.30.

That amount is the take-home pay for the buyer's agent on a property that sold for $400,000.

NOW, there are additional costs that will eventually be deducted.

For example.

This amount right here, this is the pre-tax amount.

This is the amount before any taxes.

Guys, just like you're out there getting your money.

Uncle Sam is going to get his money too.

So on this $5,700 figure, you are taxed.

And I'm not an accountant or tax professional so check with your CPA on how much you would

owe in taxes.

A few other expenses as well, since you will be an independent contractor and not actually

an employee of your brokerage, you will also have to pay healthcare.

Healthcare/dental is not included for realtors.

You also have E&O Insurance.

Errors and Omissions Insurance, this is a type of insurance usually the broker will

have it and deduct it from your commission.

The coverage focuses on defending against a potential negligence claim made by a client.

Finally you also have BPOL.

Business, Professional and Occupational License, which is essentially a tax to run your business.

Which is kind

of backwards to me, but so be it.

So there you have it, How much does a real estate agent make, this is a typical transaction

on a $400,000 property.

Your numbers might vary you might have different splits, different commission percentages and

whatnot but you should be around this amount.

If you are an individual agent with no team, hopefully your commission is a little bit

higher.

And one last thing, there's a lot of stats out there that talk about the average real

estate agent salary, it's very tough to determine the actual average salary.

Don't think about the average salary.

Think about you.

How much money do you want to make?

And it sounds cliche, but the reason I'm doing this whiteboard is because you have

to work backwards.

You're 100% commission and you only

get paid on the closing.

So if you want to make $60k in a year, you have to do about 10 closings.

If you want to make 100k you have to make 17 deals happen.

I have heard of people coming out of the gates and in their first year doing over $100k in

gross commissions.

There are people in this office that make $500k, $800k…there's also people that

make $30k and $45k.

So set up your goals.

How much are you going to make

and work backwards from there.

If you're going to make $100k don't just say it and then take the afternoon off to

clean your house.

In real estate you have 2 jobs — your first job is lead generation, and your second job

is being a real estate agent.

It's very simple, the more people you talk to and the more connections you make, the

better chance you have to hitting your numbers.

So I hope you found this video helpful, if you did be sure to hit the thumbs up button

and subscribe for more real estate videos.

I hope you learned how much money you would actually make int his video.

Ok thanks for watching until next time, create a productive day.

Take care.

For more infomation >> How Much Money Do Real Estate Agents ACTUALLY Make? - Duration: 11:38.

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How Much Work Is Wholesaling Real Estate? (Step By Step Breakdown) - Duration: 30:51.

For more infomation >> How Much Work Is Wholesaling Real Estate? (Step By Step Breakdown) - Duration: 30:51.

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How much info is Google getting from your phone? - Duration: 5:07.

For more infomation >> How much info is Google getting from your phone? - Duration: 5:07.

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Chris, Yacht Captain Part 1 - What I do and how much I make - Duration: 4:45.

My name is Chris McGinley.

I'm 30 years old.

I work as a yacht captain,

and I make $72,000 per year.

So for this boat, I work for one family.

And my job encompasses a lot of different things,

but the main thing is to move it around

to different places in the world

where they wanna be and go sailing.

I spent seven years in the Caribbean

sailing through the Virgin Islands,

St. Martin, St. Barts,

all the way down to Grenada, through Cuba.

I've also sailed extensively through the Bahamas.

This past winter, we sailed from Martha's Vineyard,

through the Panama Canal, up the west coast of Mexico,

and arrived at California.

That was a seven-month trip.

Most people think my job is only sailing.

That encompasses maybe 5% of it.

The biggest part of the job is researching new locations,

making sure it's a safe place for the boat,

finding a safe place for the boat to be,

and then also finding interesting,

fun places to go with the owner and his guests.

So when I'm maintaining the boat,

I need to look at all aspects of it.

So whether it's changing the oil,

checking to make sure the engines and generator

are running properly and efficiently.

Looking towards the refrigeration system

to make sure the coolant levels are proper,

air conditioning units.

All the rigging,

making sure the rigging is all set properly.

All the anchor gear, dinghy,

make sure the varnish looks good, the boat is clean.

Make sure the beds are made properly.

Also, a big thing is provisioning.

This is difficult in different parts of the world

because you can't always get the food that you're used to,

so you just have to make do with what you can.

And whether you're getting it

at local markets or big grocery stores

or having special items flown in can be a challenge.

So when I first got into the industry,

I knew that usually captains make $1,000 per foot per year.

So this boat's 64 feet,

so on average you'd make $64,000 per year.

So when I first started in the industry,

I decided to ask for less than the industry average,

because I was about 10 years younger

than most people in my position.

And then over three years, I asked for a raise every year.

So now I'm at $72,000 per year,

just over the industry average.

And I'm kind of maxed out at that point.

So in order to make more money in this industry,

I would have to leave this job for a job on a bigger boat.

And that's not something I wanna do.

I really enjoy this boat.

I like the owner and I don't wanna leave this job.

The skills that are needed for this job.

Of course, you have to know how to sail

and how to maneuver a boat properly.

But the really big skillsets are good decision-making,

responsibility, project management

because there's so many different aspects to the boat.

Budgeting is a really big aspect to it.

Because of all the different places we travel,

you're always comparing the cost of marinas

when you're at the shipyard.

You're always trying to figure out

who can do the work the best for the cheapest price.

And when you're hiring crew,

you can hire expensive people or less-expensive people,

and you're just trying to bring it all together

into a yearly budget.

Trustworthiness is a huge factor.

Someone is giving me their boat and credit cards and budget,

and they don't have much oversight at all.

They trust me to make all the right decisions,

to get the boat there safely,

to hire the right people

and make proper decisions with their boat,

with their big expensive asset.

Additionally, you have to be able

to make good decisions very quickly, for different reasons.

The owner can often change his mind

about where he wants to be or what he wants to do that day,

and you have to have a plan B or plan C

or just be able to come up with something on the fly.

Also, things break constantly,

and you have to be able to evolve with that.

If you can't fix it,

then you need to figure out a way around it.

Additionally, if the weather changes,

you need to be able to adapt to that as well.

So you're constantly needing to make strong decisions

that ensures everyone's safety, and very quickly.

What I love about this job is being on a boat,

sailing, traveling all over the place,

getting to experience all different cultures,

and being able to work in the new communities

that I'm traveling with.

I'm always hiring local people to help with the boat,

so you get to know them on different level

than just traveling somewhere as a tourist.

The things that I,

there's very few things that I don't like about this job,

the biggest being not creating my own schedule,

and not being able to take time off when I want to,

and adhering to someone else's schedule.

And that's the hardest thing.

Another thing that's difficult about this job

is being away from friends and family

for an extended period of time.

It's not my choice where I live.

I'm sent somewhere,

and often that's not where my friends and family live.

For more infomation >> Chris, Yacht Captain Part 1 - What I do and how much I make - Duration: 4:45.

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How to plan a bathroom renovation - Duration: 2:12.

Hi my name is William Khalil

I'm the director of Belle Bathrooms when you're planning a bathroom first thing to start is engage a bathroom builder and

Discuss the different options of the locations of your PC items, shower screen, vanity, bathtub. Prevent any water

Escaping the room and going outside the room onto any adjoining rooms. When installing a shower and a bath

Important thing is to know where do you want it to be located? do you want the shower to be by itself?

Or do you want the shower to be above the bathtub? And that all depends on the size of the bathroom.

Shouldn't buy any of the taps, vanities or

Accessories until you know to layout of your bathroom. Because you might buy all of the items and they don't fit. With the tiles

It's always recommended to buy 300 by 300

Floor tiles because they get fall to the floor waste. In regards to waterproofing

It's Australian standards that you must waterproof. The benefit of installing a shower by itself, It's easier to

Actually get into a shower and out of a shower

You don't have a hob where you have a bathtub

You've actually got to climb over the bathtub to get into a shower. A lot of ideas with

Storage in a bathroom you can have recessed

Shaving cabinets above a vanity which gives you more room to store things.

You can have recessed shelves inside the shower.

You can have some nice decorative Chrome shelves put above a bathtub heading over the bathroom.

It's always good to have heating especially in winter. The different options you have is having an IXL which is in the ceiling you

You can have underfloor heating which gets put down below the tiles.

Third option to have heating through a heated towel rail. The options of ventilating your bathroom is putting an exhaust fan

Above the shower and obviously if there's a window keep the window open while you're showering.

Tradies you need for a bath renovation - Someone to demolish the bathroom. You will need a plumber, electrician, plasterer

Waterproofer, tiler and carpenter.

If you're thinking of renovating your bathroom check out hipages.com.au or feel free to download the app