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Monthly residual income is the money that remains for an individual or business after all expenses are paid, meaning the money that is left over. You can create additional residual income through investments such as real estate. By investing in real estate, you will create monthly cash flow that will build your residual income over time.

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A real estate agent or broker is a person who represents sellers or buyers of real estate or real a broker may work independently, an agent usually works under a licensed broker to represent clients. Brokers and agents are licensed by the state to negotiate sales agreements and manage the documentation required for closing real estate transactions.