First of all, I will work with you one-on-one as your coach, taking you through the whole process of real estate investing. You will get hands-on experience under the direction of a pro.
Second, my program is based on personal experience, not theories. It is not about quick-fix gimmicks and empty promises. Over the past 50 years, I have established a proven track record of success. To this day, I apply the same strategies that have served me so well.
By contrast, so-called "free" investment seminars provide little or no value. Participants are relentlessly upsold and badgered to sign up for the next level of training. I have met people who have ended up spending thousands of dollars for these seminars and still don't own rental property. Instead of using the money for course materials that end up collecting dust on a shelf, they would have been better off using the money for a down payment or fix-up costs on a residential property.
An ideal participant in my program is an individual who is creditworthy, has a solid financial statement, and is looking to create wealth, earn retirement income, and achieve financial freedom.
People from many different backgrounds can become successful investors. A high-net-worth individual will have different goals from an hourly worker, but at the end of the day, it comes down to paying your fair share of taxes, replacing your income from the workplace, and being able to retire on your terms.
If you follow my suggestions, you will see results. I will guide you through the process of finding, analyzing, buying , fixing, and selling/renting a residential property. I have developed a simple system that has worked well for me, and if you follow it, you will accomplish your financial objectives. Keep in mind that my program is only for individuals who are creditworthy and have the financial wherewithal to purchase real estate.
I will provide names of people that I use, and it will be up to you to interview them to make sure they meet your requirements.
The answer will depend on your situation. If you have other commitments that take up most of your time, a property management company can do the things you don't have time to do.
Yes, it is possible, but it will take time and effort on your part. I have helped many of my clients to replace their six-figure income and retire from their former occupation.
Your income and age will determine that. The main goal is to buy properties in "family-friendly" neighborhoods (based on your research) using the power of leverage (other people's money, such as a loan from a bank). When the properties are paid in full, you could be a millionaire investor.
It is never a bad time to buy real estate. This makes sense if you understand that your tenants are making your payments. In 2008, the median sales price of homes in the Omaha metro area was $130,000. In 2020 the median price had climbed to $218,700. Too many people get hung up on thinking that they need a specific cash flow. My philosophy is simple: the goal is to make enough cash flow to cover the mortgage payment with money left over for expenses and future investments.
The answer to that question depends on your situation. Are you earning a high income or an hourly wage? Are you looking to replace or supplement your income? It also depends on the profit margin you are willing to accept and what you want to do with the profit. If you intend to use the profit from a flipped property to buy anther property and flip it, the profits will be treated as ordinary income as opposed to capital gains for tax purposes.
I will share my spreadsheet so you will be able to crunch the numbers and decide whether it makes more sense to buy and flip or to buy and hold.
You may be earning a good income right now, but what would happen if you lost your job? When you work for someone else, you are creating wealth for that person rather than yourself. I believe that instead of spending two-thirds of one's life working for someone else, it makes mores sense to focus on building wealth and achieving financial freedom.