You MUST Understand the “Bigger Picture” of What Your End-Goal is BEFORE Investing in ANY Property
When I got started, I just started flipping SFRs (single-family residences) starting with a one-bedroom two-story townhouse I got at a HUD auction. Within a short period of time, I had to deal with the severe financial pain of paying untold amounts of money to the IRS in capital gains taxes because I didn’t understand how to “work” the system. (Remember, I had NO ONE take me under their wing to help me navigate the beginnings of my real estate business.) So, I experienced a lot of legal and financial pitfalls, wrong turns, and devastating consequences in doing things all wrong!
It wasn’t until much later – in 2001 to be exact – when I met a guy named Dr. Raj on a completely unrelated business I was starting. He had a manufacturing company for health supplements in Tustin, California called Royal Nutrition. I was thinking about marketing a line of weight loss products and I was interested in his all-natural weight loss shakes.
I went down to Tustin to meet Dr. Raj and I think we only talked about the weight loss shakes for a few minutes. Somehow, rather quickly, we got on the subject of real estate investing. It was probably a can of worms I opened. I shared with him about how I felt pigeon-holed as a real estate investor since I was on this never-ending treadmill of flipping. While I loved buying, rehabbing, and reselling properties…I hated paying such a huge chunk of every deal in capital gains taxes.
That’s when he told me something that changed my life forever.
He said, “The real money in real estate is in apartment buildings.”
Apartment buildings. I had NEVER considered investing in such an asset before the moment I stepped into his office. I don’t know why I never thought of it. Maybe I thought it was something that only rich people did. Truth be told, the idea of apartment building investing never fluttered across my radar at all until that day.
He kept talking, telling me that his apartment buildings were the reason he’d be retiring early. (He’s long since closed down his company Royal Nutrition and now he lives on his monthly passive income from his apartment building real estate.) I immediately started thinking of all the reasons why apartment building investing wasn’t doable for me. I told him I had my cash tied up in my deals and with the IRS. And I then decided to throw the idea on the backburner because I didn’t think it was doable for me. Remember, even though I’ve met some amazing people in this business over the years, NOBODY taught me the “nuts and bolts” of how to do this business. I had to figure all of it out by myself…
If I Only Knew Then (Back in 1995) What I Know Now, I’d Be Worth Well Over $100,000,000 By Now!
I had a chat with my CPA earlier this year and he told me that my net worth is well over $20,000,000. I was truly disappointed. I certainly don’t feel that wealthy. And if I hadn’t been married and divorced 3 times, I certainly would have a much higher net worth by now…well over $100,000,000…EASY!
But, let’s be honest here. Regardless of how much I lost among 3 failed marriages, the reality is that the financial loss only added up to be about $10,000,000…maybe a bit more. Reality is, the amount of money I should be worth – over $100,000,000 – is 100% based on me simply NOT KNOWING what I could have known about real estate! THAT, my friend, is what cost me the most! It’s not what I lost. It’s what I DIDN’T MAKE because of what I didn’t know back then.
But that can be different for you. In fact, it WILL be different for you.
Let me tell you why…
The good news for you: I can help you understand the EXACT success blueprint from A to Z in how to become wildly successful and wealth in real estate in the SHORTEST amount of time possible. Instead of taking over 20 years to “experiment” with what works and what doesn’t work (like I had to do), you get to zoom in on only what works while completely avoiding what doesn’t.
Why reinvent the wheel when you don’t have to? Seriously! Why…when you’ll only be wasting your time?
I’m Going to Show You – From A to Z – EXACTLY How to Make a Killing in Real Estate…
STARTING FROM GROUND ZERO!
First of all, I can’t show you exactly how I got started…well, I can. But much of it is irrelevant to today’s marketplace. And I want to show you ONLY what works TODAY. Not what worked in the 90s since that’s irrelevant.
Think about it. Do you really want to learn the life and times of 100% seller financing when you don’t have to use that strategy anymore? Do you really want to learn how to get screwed on every deal? Do you want to learn the pain of paying capital gains taxes on flipping deals? (I didn’t think so!)
What I DO want to show you is how to get started from scratch in this business using TODAY’S opportunities (that didn’t exist back then) to ultimately build yourself a cash cow cash flowing real estate empire in no time at all!
First, you can start off as a “professional finder.” This is also known as a bird-dog or property scout. This is where you get paid finder’s fees or referral fees for finding profitable deals for either my investment group or for my network of investors that I connect you to. You can find these deals local to you or 3,000 miles away. It doesn’t matter as long as the properties are located in the continental USA.
Second, I recommend you flip a couple of your own deals. You don’t have to do this step but you SHOULD because flipping is so damned profitable. There are two (2) types of properties you can flip: SFRs and multifamily deals. And I’ll show you how to do each kind of deal and how much money is possible for each one. It’s best to flip deals that are local to where you are so you can oversee the rehab of the property.
Finally, you MUST start feeding your profits (as a finder or flipper…or both) into what I call “buy-and-hold” assets. These, ideally, are multifamily (2 to 4 units) and small apartment buildings (5 to 12+ units). And if you’re fretting about managing these properties…DON’T. I’ll show you a very streamlined and easy-to-do management system to where you never have to deal with clogged toilets, deadbeat tenants, or ANY issues with your rental properties.
Rents DOUBLE every 15 to 18 years in most major metropolitan cities in the USA. And, if you follow my strategy of paying off your properties (either in full upon purchase or within 10 years after acquisition), you won’t have any mortgages, making you EVEN MORE MONEY as time goes on!
There is NO BETTER investment vehicle ANYWHERE on this planet. And I mean nothing! Guaranteed!!