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lan an Annual Cash Flow Forecast Before making business purchases, determine your monthly take-home pay and essential living expenses. Factor in income and self-employment taxes to establish a baseline figure for your cash flow forecast. Next, include business operating expenses such as marketing costs, membership fees, advertising, technology, and office upkeep. If you have staff or plan to hire, factor those costs into your projections.

    Consider potential earnings from rental commissions, property investing, and flipping when projecting the number of transactions needed to meet your compensation goals. Be sure to account for any big purchases, such as buying, renovating, and selling properties, and create a contingency budget for cost overruns (10% of the total).

    Avoid mixing personal and business finances, which can damage your credit file and limit access to loans at lower interest rates. Ana Sandoval, a broker and owner of Realty Way in Miami, learned this lesson when she used personal accounts to fund her real estate investments.

    As an NAR member, you have access to the NAR World Elite Business Mastercard, which offers up to 2.1% unlimited cash back on all purchases, 5% cash back on marketing expenses, and a $500 sign-on bonus for eligible cardholders. This card allows you to separate your personal and professional finances, making it easier to manage cash flow.

    The NAR World Elite Business Mastercard also offers rewards such as:

    * 5% cash back on the first $5,000 of eligible purchases at marketing or marketing software product merchants

    * 1%, 2.1%, or 1.9% unlimited cash back rewards on all other eligible purchases based on autopay setup

    Review the cardholder agreement for full details about the terms and conditions of the rewards and benefits.