The Famous George Strait (Jeff Bezos’ Cousin) once said a life living is worth living well. I say, you need to ask yourself how to Vacation Well And Create Money With Group Homes in order to get “Livin’ Well”…..
\nWhich leads me to a thought…
\nA long time ago, one of my mentors told me the following:
\n\u00a0\u00a0“One Mans Trash Is Another Mans Treasure”<\/strong>
\nI listened. Why? Because the guy was worth probably $30,000,000 (Back then) and lived in a beautiful home (even he admits personal residences are liabilities)
\nI bring this up this morning because as I sit writing this in Napa Valley, it is ever apparent. I just looked at my phone and reviewed photos of a dilapidated property that I just acquired for probably $0.20 on the dollar……Yet here I am looking at this view
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How to start a group home and vacation when you want<\/p><\/div>
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\nYet all of this beauty is provided to me through properties like this:
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Group Home Fix Up foreclosure<\/p><\/div>
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How to buy Distressed Real Estate For Income<\/p><\/div>
\n\u00a0 You See,\u00a0<\/strong>This property was one mans trash…..AND I TURNED IT INTO MY TREASURE\u00a0<\/strong>
\n(You can see photos and a blog post of it here)<\/strong><\/a>
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\nThis Trash is Actually Treasure<\/strong>.\u00a0REAL GOLD<\/strong>
\nA treasure that allows me to spend a week in the early part of February in one of the most beautiful places in the entire United States.
\n$300 dinners, wine, private limos, private wineries and 5 Star Resorts where the rich and famous live and play. Lebron James was here a few weeks ago. $10,000,000 – $20,000,000 Million Dollar homes line the hills.
\nI owe this lifestyle and the riches and experiences that it provides for my wife and family to my business acumen, more specifically real estate and the
\n\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 INCOME GENERATING POWER OF GROUP HOMES.\u00a0<\/strong>
\nYou see,\u00a0<\/strong>regular real estate sounds great. People can brag. I own X dollars of real estate. It sounds great on paper. And if they sell (assuming they purchased correctly) their overall pops can be tremendous. But with capitalization rates as low as they are, someone with a $100,000,000 million empire may actually not have that much money coming in. You see, a 5 Cap building with a 4% interest (and principal) expense doesn’t leave much room. I will write on this topic at another time ( I actually know of people with $200,000,000 Real Estate Portfolios that don’t make any money)
\nBut a $30,000 home with 8 beds and a house manager could yield you the following:
\nRevenues:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0$4,800<\/strong>
\nUtilities:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 $500
\nTV\/Phone:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0$100
\nFood:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0$350
\nRent:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 $500
\nOther:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0$500
\nTOTAL EXPENSE\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0$1,950<\/strong>
\n———————–
\nMONTHLY NET INCOME:\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0$2,850<\/strong>
\nI TEACH PEOPLE HOW TO GENERATE MONTHLY PASSIVE INCOME IN MY FREE 10-STEP COURSE<\/strong>
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