Do you want to get rich? Do you want to get wealthy with the rental properties?
Well, I have a lot to share because there is a lot of money that you can make what
rental properties but you got to know what you're doing. So, let's go.
So, this is the video that you have been waiting for. I'm going to give you the
step-by-step on how to get rental properties in order to build your wealth.
And 2, I'm going to share with you how to do it starting from zero. So, let's talk
about what wealth is. Because that is so important. Because like I said, do you
want to get rich or do you want to get wealthy? So, many people don't even
actually know the difference. And the fun part is you create the definition. So, we
talk about rich. We basically are talking about money that you have where you
don't have to work. Where your expenses cover all of your bills, okay? And for
some that is enough. And I actually don't really have any qualms about if you just
want to get rich. But how I separate the rich from the wealthy is you're probably
not going to lose your money in your lifetime if you create wealth. And that
is what we were talking about in this video today. So, let's talk about how you
can create enough money where you do have all of the things that you have
that a rich person has where you have enough money to cover all of your
expenses and you don't have to work. But also where that money is going to
continue on and on where you are truly wealthy and you will be able to pass
some of this money and some of these assets down to other people in your
family. So, let's get into how I created wealth with real estate. So, before I
actually created wealth or real estate, I actually just created some riches with
real estate. So, let's kind of take you back. So, I was working a full-time job,
like I've told you guys before, I was a working mom had a corporate job. I
absolutely hated my job. But when I got invested in real estate the second time,
I was a mess, okay? So, I really invested in real estate the first time in like
2004 and 2005. And I had a job but I was fixing and flipping houses in Atlanta
and I was making a ton of money. Well, along comes 2007, 2008 and everything
crashed and I ended up back in my parents basement married with kids, no
money, bankrupt in terrible credit. So, real estate I pretty much kicked my
behind. So, how did I you bounce back from that? Let me tell you. Well, I found this
coach that taught me about wholesaling, okay? And this is the
beginning. And this is what I want to teach you guys. Because we're going to start with some
of these things and we're going to build and I'm going to tell you how to quickly do
this and how I have students that are doing this in like a year, okay? And
they're quitting their jobs they're making tons of money. And they are on the
path to building generational wealth. So, one of the things that I did of course
was I started with wholesaling. But the key to that was not the wholesaling. It
was finding people with property problems. People that were in foreclosure,
people that were in divorce, they were in bankruptcy. They had inherited houses
they didn't want. They were being relocated. Just a myriad of different
things that was going on. And they were motivated. They were in a position where
they were trying to sell their house really quickly. And I was able to get
those people under contract and then flip those contracts to other people and
make 5/10/20/30 thousand dollars per deal. Then I took that money
and then I started fixing and flipping. And then I started making... You know, you
can look this up. The average fixing flip in America for last year and you can
look this up on RealtyTrac, the average profit was over $65,000,
okay? So, think about this for a second. If you can start getting checks
worth $65,000, there's a lot that you can do with it. So 1, get rich. And 2, build
wealth. So, I started reinvesting that money. I
started with wholesaling, flipping contracts and I started flipping houses.
But then I got to the real money which is how I was able to quit my job. I
started keeping some of those properties that I was fixing and flipping and I
started just putting tenants in those properties. So, I was finding off market
properties I was getting at them at really good prices. I was fixing and
flipping them. So, I was fixing them and repairing them like an investor. I wasn't
doing really expensive stuff. I was really systematic and how I did it.
And I was going to either sell the property or I would put a tenant in the property.
Well, after I started fixing and flipping and getting those checks, I started
fixing and flipping to put a tenant in there. So, what I was able to do was save
money on the renovation. I started to realize I did not have to fix and flip
the property up to the standard to sell it. I could put some lower items in there
and put a tenant in the property and start getting some passive income. *Ding!*
So, now, that I have this massive income coming in, I was able to
just keep repeating this. And after a while, I was able to quit my job. I had
enough rental properties and enough tenants in my properties where I was
able to wholesale the property if I wanted to. I was able to fix and flip a
property if I wanted to. But more importantly, I had kept some of those
properties, put tenants in them and I had passive income coming in each month. So,
then I was able to quit my job and I was free. But then I took it to the next
level. And this is what I'm going to teach you because that's what you do, is call
strategic deal compounding where you may start off with one of those smaller
strategies and build your portfolio. So, let's go how you do it. And this is so
easy. And I'm going to get close because you guys need to hear this. The first thing
that you do is you, again, you just mark it to people that have a property
problem. So, I would find people that were in foreclosure, okay? Just use as an example.
And again, I've told you a million different ways of people that are having
problems. And it's just using foreclosure for example. I would find them. I would
get them under contract. They would say they needed to get out of the property
because they were behind on the payments. In many cases, I was able to get their
properties for just the amount that they were past due on their mortgage. So, give
you an example. Say they were past due on their mortgage 4 months. And the
payments on the mortgage were $2,000. I literally was getting people to sell me
that property for $8,000. Essentially. Because what I would do is I would catch
the mortgage up, pay the $8,000 at the closing and then we would do what was
called a "Subject To". I would buy the house subject to the existing mortgage
that was on the home, okay? So, we catch that mortgage up. Remember, they were
behind 4 months in the example that I gave you. I paid the $8,000 to catch that
mortgage up. I buy the house now that mortgage is all caught up. And those
people they move out of the property and now that's my house. Now, you were
thinking, "Whoa! Whoa! Whoa!" Yeah, that works. Remember, they're in foreclosure. They
were going to lose that house. And what I was able to do was improve their credit
by paying that mortgage and catching it up for them and helping them move to
somewhere that was more affordable for them. And in return, I got a property, okay?
With a really good mortgage on it, usually. And so, then what I was
able to do was just a lot of times the house didn't need any repairs. Sometimes
I would repair it. If they need it repairs, use my business line of credit.
Or if they need it no repairs, just some paint and some carpet, clean it
up and then put a tenant in it and start making money, okay? And a lot of times
they would have a mortgage. Like I said in the example, their mortgage was say it
was $2,000 per month. I find somebody to rent it for $2,500 a
month and the difference is mine. Additionally, I don't have a mortgage in
my name. The mortgage isn't that other person's name. So, I was able to do that
several times. You just rinse and repeat this thing. It's so easy to do, guys. If
you need help with it, remember you can always reach out to my team.
888-479-4542
is our phone number. But just going back,
you could easily do this. I just rinsed and repeated this thing. And after a
while, I had a whole bunch of houses, okay? I had a whole bunch of houses subject-to
and then I flipped those over to what's called a blanket mortgage. I'm tell you
what that is. A blanket mortgage is a mortgage that has multiple properties
under (again) one blanket. So, say for example the example I gave you I was
accumulating all these properties. I was able to then put them refinance them
into one blanket mortgage several houses. 5, 10, 20 houses in this one
mortgage. And then the bank would give me a line of credit. And then I was able to
go get even more properties. So, just giving you an example. Let's just
say I have 5 properties and I got this blanket mortgage. And it was, you
know, let's just say each house 5 houses. Let's say each house was $200,000,
okay? So, that's a million dollars. Well, they would give me like a half a million
dollars in a line of credit that against those property... You know, against the
equity on those houses. And then I could go get more properties. So, you just build
and build and build. And this is all of the same stuff. You know from Rich Dad,
Poor Dad that they teach you. You know, Robert Kiyosaki and Grant Cardone. And
some of these other people. This is the same strategy I'm just telling you how
to do it better. These are things that you can do right now so that you can
build wealth fast. And then last but not least, because you've gotten all these
properties, you have them in this blanket mortgage. Now, can get a line
of credit (again) all in your business's name
or in your personal name, it really just depends. But they will lend just on the
property. Again, if you have questions about this, I've given you our phone
number, you totally can reach out to us
888-479-4542.
We would love to help you guys get deals. But the last thing that I
did to boost my level where I can truly say we are wealthy now is I created
complementary businesses. So, yes, you have the income coming from your rental
properties. That's one. Then to some of the properties I did not put long term
tenants in. So, some of the tenants are there for a year, 2 years. Some of them
are doing lease purchases with us where they're buying the house from us and
they've given us some pretty big down payments. And then last but not least, I
created complementary businesses, okay? So, you have properties. You have someone
that needs to cut the grass. You have someone that needs to paint. I started
investing in buying in other people's businesses that had those businesses and
then they would feed me more money. And so not only do our own properties, I also
now own other people's businesses. And I have several businesses off from real
estate. And that's the key to wealth. Okay, so there you have it. So, this time, I'm
going to go ahead and tell you to go ahead and like this video. Make sure you
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much information. I want you to be wealthy. I actually even have a free gift
for you. If you go below, you can get my book for free, Grow Your Wealth: How to go
from zero to rich investing in real estate. Starting from zero which is what
I want you to do which many of you are starting from zero. Some of you aren't
starting from zero. So, I think I was starting from negative zero. But go ahead,
click below get that book for free. And all you have to do is pay for shipping.
And I'll set that right to you. Talk to you later.