 |
   |
|
Begin Now
This is a ten-lesson system for investing in local
real estate and this system works. This system works if you're young or
old, male or female, comfortable financially or just saving for a first
purchase. This system will work anywhere in the United States and
probably anywhere in the world. Over the last twenty-five years, I have
taught this system to tens of thousands of people. The system works if
you understand and apply the strategies. Don't worry; it's all very
easy. Most of the people who fail are those who don't follow
through.I suggest that you begin by reading the entire course through once. At least, read this lesson and then Lesson Ten. Then go back for a second reading taking your notes. From your notes, make your plans. With your plans, get to work. You may not understand all of the discussions in this course or find them all relevant. That's OK. As you gain knowledge and experience, more and more pieces will begin to fit together. Again, you don't have to wait nor should you wait to become an expert, make your plans to buy your first home or your first income property. Get to work. The real estate investing business is a perfect part-time business because real estate is a people business. The people are the sellers, agents, tenants, contractors, lawyers and others you make a part of your success program. If you can deal with people and understand their motivations, you can succeed. You can become financially independent and gain status in your community because you will be providing a valuable commodity: quality housing. To succeed in this people business, you must follow the Action Principles® philosophy built upon a commitment to self-improvement and service. Self-improvement refers to a continual pursuit of knowledge. How does the local real estate investment market work? How can I use this knowledge to work for me? As you commit to self-improvement, that will include your real estate education. You will read books. You will look at properties. You will make and win and lose offers. You will buy and sell. You will talk with agents and owners and architects and bankers and other investors. You will learn more and more.  Service means getting along with people. Finding agents who want to help you. Sellers who want to sell to you. Bankers who want to lend you money. Buyers and tenants who want to do business with you. Smile. Be polite. Know what you want. Ask for it. Act professionally. You'll go far. My objective is to give you the information and advice necessary to buy, finance and successfully manage a small number of income-producing properties. I believe that real estate is the safest and surest investment method for motivated individuals to achieve financial independence. Until you have your own goal, I will use the goal of six properties. If you own six properties, you will be able to retire comfortably and if you start your career before age 40, you will retire young.
You could find many other ways to become financially independent, but you won't need them. You have this one. If you were to buy an average property today: house, second home, condominium or small multi-dwelling for $200,000, and that property were to increase in value at 6% per year, the chart below illustrates the appreciation of that one property. 6% Annual Appreciation - $200,000 Property
Gee, if you ever wondered how rich people get rich, read on!  Looking at these appreciation figures serves two purposes. First, to show you the potential of owning even a single real estate investment and second, to illustrate the fact that you don't have to own a lot of real estate to become wealthy. Every $200,000 property will not perform exactly as indicated, but those properties purchased, financed and managed with intelligence and effort should. Following the Action Principles®, you aren't looking for excuses. You are looking for solutions. This is your attitude: It is realistic and very conservative to calculate that if you remain an active investor for ten years, the $200,000 property you purchase will double in value to $400,000. Think about that and it's impact on your standard of living. Owning even one property, you'll be comfortable; two properties ($800,000) - very comfortable, three properties ($1,200,000) - financially independent and six properties ($2,400,000). You will be a multi-millionaire. This is a good thing! Most young people spend all their money. They will not have comfortable lives. The average American family has less than $10,000 in savings. This will not be you.1. Tell me what to do. Start your real estate investment program now. Every young person should own a home by age 25 and at least two properties by age 30. Get going. And, encourage your children and those you love to follow suit. Why doesn't everyone do this? 1. They are dumb. There are also other benefits to real estate investment. There are significant tax benefits through depreciation, there is cash flow and there is pride in ownership. This course concentrates on the attitude necessary to succeed. It will take you to the starting line, and not the finish line. Remember that Japanese word kaizen for continual self-improvement. You are encouraged to take many more courses, read many more books, do lots more local research and form a local network, an alliance of experts to mentor and assist you. What follows over the next five lessons is our ten-part system for buying the best property at the best price and getting the best possible financing. You will have that winning combination of intellect and effort that the Action Principles® give you. This investment system is meant to stimulate your imagination to help you develop your own personal investment system. If you know that others have used these techniques successfully, why not you? The confidence doesn't come from reading; it comes from thinking and doing. You will see and meet the people in your own community who own the investment real estate. How different are they from you? Can you do what they have done? Yes, of course you can, if you make that choice to be a person of action. Go to Step #1
|
|
 |
© Copyright 1994-2008, American Success Institute. The Action Principles® is a registered trademark of the American Success Institute. We are a nonprofit research, publishing, and educational corporation headquartered in Natick, Massachusetts. |
 |