Real Estate Agents, Do You Buy What You Sell?
Get Into the Money Doubling Business!
With the American housing market climbing out of pricing lows of historic proportions, and with many agents over the last three or four years focusing on nothing but bank REO, Fannie Mae, Freddie Mac and HUD homes, it amazes me how many professional agents don't buy investment real estate. As an industry we create great wealth for our clients, and you'll even heard well read agents quote Robert Kiyosaki of "Rich Dad, Poor Dad" fame or quips from books like "The Millionaire Next Door," only to not buy the very advice the peddal. Most well seasoned and highly qualified agents are great at selling homes, and they may even be well compensated for giving valued service, but do they practice what they preach?
As an industry agents are terrible at saving, typically full time professional agents make very good incomes, but do they invest it into assets that put money in their pockets passively each month while the tenant pays it off for them, and they get to receive all the tax benefits, appreciation and equity build up?
I sell houses for my clients, I'll do it quickly and get top dollar, and I also work with buyers who I help to get outstanding deals, but I'm not in the real estate business.
I'm in the Money Doubling business and I'm not just helping my friends, I'm practicing what I preach! This 15% ROI property explains:
It's only a matter of how many years it takes to double! An 8% return a $50,000 investment property doubles in 9 years, at 12% it doubles in 6, 15% doubles in 4.8 years.
Invest at 31 earning 8% you have $800,000 at 67, at 12% you have $3,200,000 at 67, but at 15% you could have $12,800,000 at 69.4.
Also, the property will appreciate and be paid off in 30 years, and this is if you buy one property. If your ROI included taxes, insurance, maintenance and management fees these numbers could be pretty realistic. It's called Einstein's rule of 72, divide your interest into 72 and it tells you how long it takes your money to double!
Now this illustration may oversimplify, and it also takes into account compounding interst on your 15% return, which is hard to do because your cash flow might not be reinvested at 15%, but I know professionals that can help you take the $6,000 or so and invest it at 8% where it does compound and grows in a tax advantaged manner, while also providing death benefit, and living benefits in case of cancer, heart attack or stroke. This strategy also allows you to pay for college expenses, borrow for more down payments or even go on a vacation without pentalty. The best part of it is, one real estate deal can potentially pay for all of those benefits, while providing a very nice tax advantaged retirement later.
Imagine what you could do with multiple properties. If you would like to plug some numbers into our model and get an illustration of what might be possible for your situation, call me and we can sit down with the professionals that can make it happen.