the power of real estate investing - make money & create wealth in real estate
TRANSCRIPT
Real Estate Doesn’t Work! If you have even a vague interest in real estate or have eyes and ears, at some point the
subject of property investing will have come up in conversation with family and friends or colleagues.
More than likely, you will have immediately been shot down by a ‘Debbie Downer’
and subjected to a thirty-minute monologue on the perils of real estate investing, swiftly followed by examples from ‘Make Money on your House in 30 Thirty
Seconds from your house’ or some other garbage TV show.
It might surprise you, but I agree with them, the the fact is, they’ are right. You absolutely can lose a lot of money if you buy or invest in real estate without
knowing what you’ are doing. Fact.
Conversely, you can absolutely make a LOT of money in a relatively short amount of time if you are educated, strategic, and well- positioned.
Down & Out
A few years ago I was homeless. Within twelve months of committing to finding the secret to creating wealth I had raised $1 million Joint Venture finance and had a $2 million Real Estate Portfolio. !
Protect Your Dream
This isn’t about conspiracy theories or drama, but the fact is that there are a lot of people with a lot of ulterior motives and agendas that don’t have anything to do with what is best for you. Your role is to block out all of that noise and nonsense so you can focus on the things you can control to create wealth for your family.
Fail Forward
Failure is not fatal, but fear is paralyzing. Use failure as motivation to keep trying. If there are four possible ways of doing something, but only one is the right way, you wouldn’t stop doing it just because you happened upon the wrong path the first time. Of course not! Because now the odds are in your favor. There are only two more times—maximum—that you can be wrong before you succeed. BOOM!
The Procrastination Curse
You know that you’re meant to be more, do more, have more, and give more.
Deep down, there’s been this burning desire inside you as well, a desire to have an amazing life full of love and laughter and experiences without the daily struggle of making ends meet.
What’s stopping you?
Take Control of Your Finances
Before our lives can change, before we can step into the future that we truly deserve, we must 100% own those decisions. We must take full responsibility for
what we have created. This doesn’t mean you should beat yourself up or play the blame game. Just stand up, straighten up, and acknowledge that you did the
best you could with what you had at the time, but from now on, things are going to be different. They are going
to better.
You can have wealth or you can have excuses, but you can’t have both.
Instant Gratification
Instant gratification is a disease that has afflicted humans in an increasingly destructive way over the las t cen tu ry . We have developed a perceived need to have everything we want, and have it right away, no matter whether we have earned it or if it’s even good for us. Credit cards are an excellent example of this.
When you begin to invest in real estate, the tendency is to want to spend all of the profits as soon as they come in. But you must learn to resist that urge and protect your little fledgling pot of money.
Plan
Facing up to your situation and becoming an accountable financial director of your life is part of your journey to grow into the leader you will become. To attain the wealth and lifestyle you want, you need to learn how to lead your team and how to cope under pressure.
Why You Should Be Investing In Real Estate
Real estate isn’t a commodity, a fad, or a phase. People are always going to need somewhere to live.
If you ever doubt how fantastic real estate is, try going to a bank and telling them you’ve been offered a great
investment opportunity and asking them to give you 75% of the cost. You will quickly be directed to the nearest exit!
Banks are notoriously pessimistic about everything—stocks, bonds, businesses, the works. However, property is
something they are not only positive about, but they will fund the majority of. That’s because they know wise investment in a sustainable, reliable method that they have confidence in
is a good thing.
Cash Flow Strategies ❖ Buy To Let!Buy a Property below current market value and carry out a light refurbishment to increase the value. Let the property out to cover the mortgage & bills and pocket the profit.!❖ Houses of Multiple Occupation!Instead of Renting the property out to a family, let the individual rooms out to sharers to maximise the income and provide high quality affordable housing.!❖ Multi Let Success Blueprint!Take Control of a property rather than ownership and let the individual rooms to sharers. Massive income without big buying costs!
Capital Gain Strategies
❖ House Flipping!
Buy a property and add value. Sell it as quickly as possible for the highest possible price. Simples.!
❖ Purchase Options!
Control Property, Don’t Own it. !
❖ Title Splitting!
Buy a property Wholesale, split it into parts and sell them retail.!
Focus
Successful entrepreneurs work hard at maintaining focus, deciding on one plan and
sticking with it. On your quest to create wealth, there are many different vehicles.
The wealthy understand that simple consistent action directed in one focused direction will outperform random and spontaneous acts
across a variety of activities.
Front Load Your Mistakes
When you focus on one strategy, you are learning as you go. You will make mistakes—and hopefully a lot of them. In those early days, if you are following the system, you
will be testing as you go along, and you will have very little to lose, so it’s best to make all the mistakes you can as quickly as you
can and learn from them.
List Your Assets
❖ What do you have to offer? ❖ How Can you add value to
other people? ❖ Who needs what you have?