Can You Imagine Where You Would Be if You Had Starter Sooner?
Monday, July 25th, 2005Most of the questions I get are fairly technical in nature with regard to foreclosures. I tend to find that the longer an investor is with me, the more they trust me and we develop a friendship over time. Recently a friend and an investor of mine told me that he would probably never have gotten involved in real estate had he not seen me work and prosper…there’s no doubt it changed my life. Here’s a quick overview of this investor that I thought would help those of you on the fence.
He moved up here after college and rented a room from me; the home was not much to look at. Over the next few years he moved with me from project to project. After a few years he came to me and said that he could not believe what I was able to do with none of my own money; when I started I had NO MONEY! Here was a guy who had managed to save $40,000 over several years. He had a nest egg. I suggested he try moving forward with a rehab/foreclosure properly. After a few saturdays of reviewing the system, he purchased an investment property and diligently followed the formula. Yesterday, I stopped by his home. He has a beautiful home valued over $425,000. He owns 4 rentals that cash flow and help to pay his mortgage. His estimated net worth now is over $300,000. He has been buying properties for a little over 1yr! His cash reserves are stronger, his cash flow is better, but most importantly he changed his life. He went from sleeping on my couch, to owning a home that is twice as big as my first home.
See, I was the test dummy for this system. It ended up great for me and will end up great for you too, but the most important thing to do is buy that first home. All of you have me to guide you in this process. I am here to help and will do whatever I have to do to make sure you are a successful investor.
When I asked my friend what he was thinking about the yesterday, he said "Can you imagine where I’d be if I started sooner?"