The Game Of Monopoly IS THE GAME OF REAL ESTATE
In today’s lesson, I am going to teach you some very simple truths about
STARTING YOUR GROUP HOME EMPIRE
#1. START TODAY. YOU CAN ALWAYS TRADE UP.
The minute you land on a property BUY IT. Do you want to PAY RENT or CHARGE RENT?
Do Not Be Scared if you don’t have the money to buy it. If you get a Deal – YOU CAN FIND A LENDER OR PARTNER.
Do you know the difference between a lender and a partner? A lender is typically a bank or debt partner. A typical partner will be an equity partner.
If you don’t know the difference, don’t worry.
GET MY GOLD COURSE
and start investing in your education.
Hint: 1 charges you monthly. The other splits profits with you. Those are the two basic differences
#2. Baltic Avenue or Park Place?
In the game of monopoly, you will actually get a better return buying the expensive stuff. The CAP rates are higher – meaning you get your money back faster.
In real life, it is often the opposite. Here is what I mean: the crap-hole down the road that you can buy for $45,000 rents out for $850 / month. The nicer home in the good neighborhood sells for $150,000 and you can rent is for $1,000.
Get it?
22% VS. 8%.
Obviously this does not take into consideration maintenance from animals that may live in the 45K home! Nor does it take into consideration time spent trying to collect from these types of people.
I REFER TO THIS AS DOLLAR PER HEADACHE
#3. In real life – although money is PLENTIFUL (There are TRILLIONS OF DOLLARS looking for a good home) 9 out of 10 people have no money!.
Most of my COACHING CLIENTS and GOLD COURSE MEMBERS only make $35,000 – $100,000 per year
(although some are mulit-millionaires with hundreds of millions of dollars worth of real estate – YOU KNOW WHO YOU ARE!)
If you are short on funds or income, you first need to invest in yourself and learn the secrets to raising money and capital from others so you can skyrocket your income. You also need to GET STARTED WITH YOUR FIRST GROUP HOME and can easily do so with minimal funds. How? FOLLOW THE LESSONS OUTLINED IN MY GOLD COURSE:
A. Buy Baltic Avenue. You can buy it for $60,000 meaning you need probably $3,000 – $8,000 to purchase it.
B. Don’t rent it out normally. You will get eaten up with Taxes, Insurance, Maintenance etc. Remember – you basically 100% financed it! Your mortgage alone will kill you.
YOUR JOB NOW IS TO CHOP IT UP AND PUT 8 BEDS IN THE HOUSE. CHARGE $600 PER MONTH PER BED.
Get Started Now
Get Started Now
C. Remember those collection headaches I mentioned? Your job now it to learn how to recruit and manage. YOU NEED A HOUSE MANAGER.
#4. Revert back to RULE #1. BUY MORE ASSETS! Remember this simple lesson that WAS NEVER TAUGHT IN SCHOOL NOR FINANCE CLASS:
Assets put money in your pocket every month
Liabilities suck money OUT of your pocket every month
#5. See Rule #1 again.
You can always trade up or refinance. You can PLEDGE your properties as collateral to the bank thereby holding your assets and giving you the money to purchase more real estate.
On each property, keep utilizing the METHODS I TEACH IN MY GOLD COURSE
so that the cash you generate each and every month in 4X – 7X normal rents.
SUMMARY:
My GOLD COURSE will not do the work for you. You still need to play the game. But you also need to KNOW HOW TO WIN AT THE GAME.
When I was young, I loved playing Monopoly. I think I stumbled upon the fact that the objective was to simply buy up all the properties and charge rent to everyone (and eventually bankrupt them) early on. Nobody taught me. But once I won my first game, I inherently knew what to do.
I AM HERE TO TEACH YOU HOW TO WIN AT THE GAME OF LIFE, REAL ESTATE AND GROUP HOMES.
Look, I remember when I was in my mid twenties and I played a game of monopoly with my friends. They STILL DID NOT KNOW THE TACTICS!
I beat the shit ouf of all of them in about 60 minutes. These guys were college educated with high IQ’s. But they didn’t get it.
Hell, for those of you without down payment money or partners, YOU DO NOT EVEN NEED TO OWN THE ASSET! You can always rent it and sublease lease it.
Like I teach all my COACHING AND GOLD COURSE STUDENTS, AMAZON, WALLGREENS and DOLLAR GENERAL don’t own their real estate…..you don’t need to either if you want to start your GROUP HOME EMPIRE
Hope todays lesson was and IS helpful
Questions? Email me today!
Comments? Send me an email?
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FEEL FREE TO EMAIL ME. I AM HERE TODAY ONLY TO RESPOND TO YOUR QUESTIONS
Andy
