Here is the article that shows you how to go from being homeless and homeless to being a billionaire in 90 days or less.
Step 1) You are homeless, so you find a place to live. Under a bridge or in a homeless shelter or you find yourself a friend and ask if you can crash on his couch. (duration: 2 days)
Step 2) You try to get as little advantage as possible. It means anything from a) asking family of friends for a loan. b) get welfare c) find where you can get a free lunch d) work temporary jobs e) maybe buy and sell something for quick cash, eg: you scalp tickets at a match or something f) get your resume and put it online and in print. (duration: 2 days)
Step 3) At this point, let’s say you are at least barely stable. You are still unemployed. So you start applying for a job. You make it a challenge to see how many places you can apply and/or interview perday. Like the winner of the Guinness Book of World Records for applying to 500 places a day and interviewing 10 of those places a day. As if you were doing a marathon. You literally apply for “any job” in your city. Everything from the CEO to McDonalds. And you set a goal to have a job in 1 week or less. 2 at most. (duration: 2 weeks)
Step 4) At this point, not a month has passed and you have housing and a job. You get your first salary. At that point, your time on your friends’ couch or in a homeless shelter is up. So you say goodbye and you find someone who rents a room in there for cheap. You rent it and move in. (duration: 2 weeks)
Step 5) With your next paycheck, you buy a used computer and start using it after work. You work 8 hours, sleep 8 hours, that gives you 8 hours to surf the web. So you use that time to start learning real estate investing. You have just studied any and everything you can find about real estate investing on the net. Your goal is to become an “expert” in real estate investing. You join all the real estate clubs in the region. You find a real estate mentor. You are buying a good real estate home study course. You use your commuting time to listen to audio about real estate investing etc. (duration: 2 weeks)
Step 6) You start networking with other real estate investors. And go the extra mile to get to know the biggest players in the real estate investing club. You create business cards. Talk to them and get to know them. You try to get one of the greatest players to be your mentor. This is done simply by making friends with them. So you start making connections.
And you start looking for possible investment properties on online MLS listing sites. (duration: 1 week)
Step 7) You keep saving money on your day job, keep networking, keep learning real estate investing, and keep working on your story. You have now saved enough to start your real estate business. You print business cards. Buy a cheap $500 car, because that will be important. A cheap suit. An inexpensive briefcase. And you place an ad in the local newspaper and online classifieds saying something like, “Earn 10-15% annual return on investment. Your name on the real estate title gives a 100% guarantee of safe return. Call 555-555-5555”. (duration: 2 weeks)
Step 8) You will start getting calls from interested investors. You want to find someone with money and good credit. neither of which you have yet. When they call, they ask “what is it?”. You say, “I’m a real estate investor. I’m buying homes that would make great home flips and/or rentals. I have several good investments right now. Can you sit down with me for a coffee? and I’ll show you some of them, how are you on Tuesday at 3 p.m.? You meet them. You park your cheap old rusty $500 car down the block so the customer won’t see it. (ha ha) You meet with the angel investor (client) and show them some of the listings you have printed on the MLS and have already identified as good investments. You induce the customer to provide the cash and credit to obtain the mortgage. This is part of the investment. Your role will be to orchestrate the house flip. So you tell the client, “See, I’m an expert in this. You put the money in and you secure the mortgage on the property, I’ll then do the rest in terms of cosmetics and house flipping. Then, once we sell the property we will split the profits 50/50 You will show them how their return on investment will be way above the 15% you originally promised How they will be on title as the owner so that they are 100% secure.” You also network with people in the real estate club offering this offer. You might have to talk to 100 people to find one that will bite. (duration: 2 weeks)
Step 9) You have found your angel investor. You get them to agree to work with you in writing. You get verification of your ability to finance the transaction and you have the credit to get the mortgage. You then find a house that would make a great house flip. You ask them to provide the down payment funds. You immobilize the property. You ask the investor to go to your mortgage broker to obtain a mortgage on the property. You ask your lawyer to draw up documents that also guarantee your end of the project in writing, so that when the property is sold, you will get half the funds. So that you and the investor know in writing what your commitments are. (duration: 2 weeks)
Step 10) You buy the house. One that doesn’t need tons of renovations. So you mow the lawn, paint the front, clean it thoroughly. Stage it. Read it again. And flip it for a very healthy profit. After all the expenses, your flip went reasonably well and you made a net profit of $40,000. You are an angel investor who receives $20,000 and you receive $20,000. Now that you’re a happy angel investor and he trusts you, you start working with him regularly. You just rinse and repeat. You ask them to do another and another with you. Let’s say that on average, you are able to pocket $20,000 per project. You do 5 flips and now you’ve saved $100,000. At this point, you can probably start doing flips on your own.
Step 11) You use this $100,000 to do your first flip. You find an amazing deal that you buy and or work with your mortgage broker to buy it by getting a stated income mortgage. You flip it over and this time you pocket the full $40,000. You continue to do this now. You return 10 more properties. $40,000 x 10 = $400,000. At this point, you are transforming your operation into a large scale. You hire a few newbie real estate investors to work with you. You train each of them to go out and find deals. You fund them. They do the work of returning them. And you pay them a salary plus a small commission on the successful flip. Now with a team you can do at least one flip every week. So, before long, you see monthly profits of over $100,000 coming.
Alright now this is where it gets interesting… But you have to visit my website to find out how the story ends. See you there.