Freedom in 5 years or Less!
Hi there. Let me start by confessing that I am currently working as a commercial REALTOR® and have been for the last dozen years or so. I have made my clients millions of dollars over that period of time. Probably tens of millions of dollars. Even so, I still can't seem to get as much out of the experience as I would like. I don't feel as though I'm earning enough, and I don't get the same charge out of doing the deals that I used to.
I'm getting tired of making other people rich.
The market for real estate services is very competetive - as it should be to ensure that the client is getting the best bang for their dollar - but it is very stressful as a result. I firmly believe that a competetive market keeps pricing honest, and forces the best to survive. In the end, the consumer of those services wins by accessing the best service providers for the best price. This is what I've been doing for the last decade, providing the best service I can at competetive pricing. It's frustrating to see my clients make so much money though, and I'm unemployed at the end of every deal.
I want my share of the pie. I want to own and manage my own properties. I think it's time that I used this warehouse of knowledge that I've picked up over the last few years to benefit me.
So here goes:
Our goal (that's me and my beautiful wife!) is to amass a real estate mini-empire by the end of December 2013 valued at no less than $1,000,000 CDN and returning a net income before debt service of $100,000 CDN. Simple, straight-forward, no nonsense goal - right? Well, what's involved?
I'm getting tired of making other people rich.
The market for real estate services is very competetive - as it should be to ensure that the client is getting the best bang for their dollar - but it is very stressful as a result. I firmly believe that a competetive market keeps pricing honest, and forces the best to survive. In the end, the consumer of those services wins by accessing the best service providers for the best price. This is what I've been doing for the last decade, providing the best service I can at competetive pricing. It's frustrating to see my clients make so much money though, and I'm unemployed at the end of every deal.
I want my share of the pie. I want to own and manage my own properties. I think it's time that I used this warehouse of knowledge that I've picked up over the last few years to benefit me.
So here goes:
Our goal (that's me and my beautiful wife!) is to amass a real estate mini-empire by the end of December 2013 valued at no less than $1,000,000 CDN and returning a net income before debt service of $100,000 CDN. Simple, straight-forward, no nonsense goal - right? Well, what's involved?
- We need to set some concrete goals;
- We need to start evaluating properties at a break-neck pace;
- We need to start making offers on those properties we feel fit with our goals and our values;
- We need to close deals with some creative financing (did I mention yet that we have very little cash to get started on?);
- We need to manage those properties we are successful in purchasing; and
- We need to continually re-evaluate our goals to make sure that we stay on target.
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