Do you want to continue working 50, 70, 100 hours a week the rest of your life? I know I don’t.

Do you want to be able to take time off whenever you want to, without worrying about what's going to happen to your business? So do I!

There's a saying in the corporate world: "Don't make yourself irreplaceable. If you can't be replaced, you can't be promoted." As an entrepreneur, this is still true in it’s own way. Let's think of "being promoted" as earning more and working less. You can raise your prices, but until you can remove yourself from being directly involved in doing the work that generates the income, there's always going to be a limit to how much you can earn, and it can only increase very slowly.

Passive income, on the other hand, is income that does not require your direct involvement.

Some kinds of passive income you may be familiar with include owning rental property, royalties on an invention or creative work, and network marketing. If you want to earn more, work less, and have a decent retirement, you're going to have to start creating income streams that do not require your direct involvement. Whether you're just starting in the real estate business, or you've been in it a while, the sooner you start thinking about how you are going to shift your business model to create more passive income, the sooner you can achieve personal and financial freedom. Remember, Real estate agents in general don’t get pensions, 401k’s, retirement plans, or any other kind of saving plan to fall back on.

Residual Income
Residual income is revenue that occurs over time from work done one time. Some examples include:

• An insurance agent who gets commission every year when a customer renews his policy
• A network marketing or direct sales rep's income from her direct customers when they reorder product every month
• An aerobics instructor who produces a video and sells it at the gyms where she teaches
• A marketing consultant who creates a workbook and sells it in e-book format on the Internet
• A photographer who makes his photos available through a stock photography clearinghouse and gets paid a royalty whenever someone buys one of his images
• A restaurant or retail owner who has grown to the point of hiring a trustworthy manager

As you can see, there are many different ways to generate residual income across a wide variety of businesses. It may be recurring income from the same customers, or the sales of a product to new customers. It may require no personal involvement whatsoever, such as an e-book sold on a web site, or it may require some personal interaction, such as the insurance agent calling the customer to remind them about their renewal and ask them if they want to change any of their coverage. Often, it's something that you can delegate to an assistant.

At Home Real Estate has taken this idea to the Real Estate World…While there are other companies that have tried, our program is the best…  Let’s look at how our competition stacks up…

I will not use the names of our competition but you can probably figure out who each one is that I am referring to:

Company # 1
Exit
This business model only goes one level deep and therefore means that any one you were to sponsor into the company would in essence become your competition. It also has caps which means that each agent only has a certain limited value to you per year.

Company # 2
KW –
This business model goes 7 levels deep, however, there are only residuals dispersed if there is anything left over after the debt for starting the company is paid back to the broker / owner and all of the monthly office overhead has been paid. Therefore, it is possible for agents to never see a dime of residual income from agents they sponsor. It also has caps which means that each agent only has a certain limited value to you per year.

Company # 3
Realty Direct
This business model pays out from gross revenues but only allows for residuals from 5 levels deep maximum.

Company #4
WPI
This business model goes 7 levels deep but takes a cut that goes into a future “potential fund to be used IF the company were to ever be publicly traded on the stock market”. They make no promises as to this ever happening… Also, there is no mentorship program which means that it’s not true passive income. If you sponsor in a new agent, they are your responsibility.