Okay, maybe I was a little hard on you guys and gals the other day when I exploded. I would say "sorry" except that I meant every word to the offenders who were guilty as charged.
To be perfectly clear, I obviously (and I was hoping you would have gotten this part)wasn't targeting those of you who are nice and respectful, which -- I might add -- accounts for significant portion of my students. But I do appreciate those of you who were sweet enough to call Rose and say that you were sorry...even though you weren't the offenders I was talking about. (Never apologize for something somebody else did! Nice gesture, though!)
So...as the week grinds on (and ends soon), I feel like I'm recessing deeper and deeper into the throes of the Twilight Zone.
For one, the government has been spraying like a mad dog in the desert skies above where I live. I notice that each time they do this, the Midwest gets a major weather ass-beating. I'm guessing that all this spraying is a weak attempt to try to control the weather while probably killing us in the meantime.
And then there are the dummies who call themselves the "upper-middle" class who all think it's July 23rd today.
Yes, you read that correctly. They think it's freaking July 23rd.
After my daughter's bullying incident with that little snot-head, Jake, I now sign in every morning and walk her to her class at school. When I signed in this morning, about 8 other parents had already signed in, copying was Dopey Parent #1 put in for today's date as being 07-23-2014. So the rest of the dummies signed in copying the same date underneath until I came in as Parent #9 writing down the REAL date of 10-23-2014.
I swear, it's unbelievable how people get through the world in this day and age because almost no one has their head screwed on...at all!
Must be all the spraying in the sky that they're doing. It's starting to diminish everyone's brain cell counts around here without them being none the wiser.
I mean 07/23/2014. Really?! Is everyone that way off? Last I remember, my daughter wasn't even school that entire month.
In the midst of dealing with all this, I got some really good news this morning. My investor-partner from Texas said he'll up his "money pot" a little bit from the $9 million. I'm trying to push him to an even $10 million but I don't know if he'll do it. So, it's just in the middle, between the $9 million and $10 million mark.
And in case you have no idea what I'm talking about, I have an investor-partner who started hitting me up for properties a short time back and I convinced him that the best route to take would be to work with my students...give them an opportunity to bring him investor-partnership deals where he will offer anywhere from a 25% to a 50% gained equity and monthly cash flow split, depending on the property and how much you have a hand in the management.
This is a great way for you to get your foot in the door if you're trying to get into the business as a passive income real estate investor with no cash and no credit.
So, how is this $9 million (and counting) dispersed?
It's to be used as down payment funds. So, if a student brings him a building that's $3 million, typically there is a 20% down payment requirement so $600,000 of the "pot" would then be used on the deal.
And this goes on and on until the $9 million + is tapped out.
All of this will be explained at the seminar event.
Again, for those of you who do not attend both days, you cannot participate in this opportunity. No exceptions this time.
Some of you remember two years ago when I brought my students the $25 million opportunity for the SFR REO property deals. A total of 19 students participated and a handful of them became multi-millionaires because of the opportunity.
This deal is a tad different because we're working with multifamily properties (and not residential homes), the properties have to have an occupancy (and cannot be abandoned/vacant buildings), and they have to be in reasonably good shape. Cosmetic rehab is okay but no "gut-to-the-studs" rehab.
This means that the $9 million will actually go a much longer way than the $25 million.
How do I figure?
Because the $9 million is a 20% down payment (not including due diligence, closing costs, or rehab funds). This means we can purchase $45 million in property with this money.
And that's even better than the $25 million deal! (I kept telling you that it's better!)
Unlike the $25 million deal where I allowed some students (from mentorship groups, etc.) to participate in this deal, the $9 million deal is for only those who attend my 2-day Detroit event on November 24th and 15th
If you didn't register yet, you can still get a kick-ass pricing deal. Pricing will go up at the close of business on Halloween next Friday. And it will go up in a major way!
If you have any questions, call my office in the morning after 9am at (661) 295-5050.
See you at the top!