The Ultimate Real Estate Investing Blueprint: How to Quit Your Job in 19 Weeks or Less

Sean Terry

Description

Discover how to quit your job in 19 weeks or less by flipping properties in your spare time even if you have NO cash, NO credit and have never bought a house before. In this book you find the key to unlocking a huge vault full of money. This key will allow you to quickly and easily flip houses in your spare time banking you $5,000 to $20,000 per deal. The beauty about this business is you don't need any money AND no one will ever ask you for you SSN to pull credit.

Sujets

• Selling Homes
• Buying Homes
• Real Estate
• Employabilité, métiers et formations
• Economics
• Business

Informations

• Publié par: eBookIt.com
• Date de parution: 11 août 2011
• Nombre de lectures: 0
• EAN13: 9781456604738
• Langue: English

Extrait

The Ultimate Real Estate Investing Blueprint: How to Quit Your Job in 19 Weeks or Less
 
by
Sean Terry
 


Copyright 2011 Sean Terry & Flip2Freedom.com ,
All rights reserved.
 
 
Published in eBook format by eBookIt.com
http://www.eBookIt.com
 
 
ISBN-13: 978-1-4566-0473-8
 
 
Disclaimer: The author, publishers, contributors and creators of this material are not responsible in any manner for any potential or actual loss resulting in the use of the information presented. The content of this publication is for informational purposes. No promise or guarantee of income or results is implied or suggested.
 


PLEASE SPREAD THE WORD
 
I give you this book in hopes that you’ll get one or two nuggets of great information which will spark a new idea and change your life for the better.
 
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If you’d like to listen to Sean’s podcast which is currently the #1 rated podcast in iTunes on real estate investing you can visit his blog at Flip2Freedom.com .
INTRODUCTION
 
So what would it be like to walk into your boss’s office, and hand him your 2 week notice? You’ve been planning this for weeks and you’re finally there, the day of the big event. Your mouth is dry, your heart is beating, and the excitement is welling as the moment arrives . You slowly walk in and say… ”I’ve got some interesting news.” He looks up from his desk and exclaims, “What, I’m busy here!” You hand over your 2 week notice and thank him for the years you’ve been working at the company. In shock, he says nothing. As you turn to leave, you hear, “… wait…” and you flinch but you keep on walking. You’ve stashed enough cash in the bank, you’re confident in your new direction, and you feel better knowing that you’ll never have to deal with the politics ever again . As you leave the building knowing it will be you last day, you can’t hold back the gasp… FREEDOM at LAST!
 
I want this for you, more than you know. There is nothing like living in a day-to-day job that you absolutely hate with no hope of ever breaking free and only the weekends to look forward to. That is no way to live, you deserve more than that and I am confident that if you take small steps each day, you’ll accomplish more than you’ve ever dreamed possible.
 
Have you ever had sleepless nights thinking of ways to make more money or achieve more freedom, but you wake up exhausted with no real direction? Have you ever wanted to live on your own terms with no one (except your spouse) telling you what to do? If so you’ve finally found the one book that will fulfill those desires…
 
What You Need to Know
 
In this book I’ll explain step by step how to use real estate as a vehicle to quit your job in 19 weeks or less. The goal is to get one year’s worth of YOUR income in the bank as fast as humanly possible. Say if you make $50,000 a year, the goal is to get $50,000 in cash in the bank by flipping properties in your spare time. This book will show you exactly how to do just that and I hold nothing back. Why, you might ask? Well , I partner with new real estate investors in my market and I wrote this book to help them find more deals. Together, we have one of the largest, most responsive cash buyers lists in Maricopa County, Arizona. We look for investors to help find properties to deliver to these buyers.
 
This blueprint is light years ahead of anything I ever had when I first got started. In this book you’ll discover fresh ideas and inside secrets of a millionaire real estate investor. In the next few chapters we’ll cover the following topics:
 
1. How to go from employed to making $100,000 a year in real estate with no cash, no credit, and no experience.
2. How to work this business around your current JOB. Time management tips.
3. What is the fastest way to get one year’s worth of your income in the bank.
4. Never before shared strategies to make a fortune in this real estate market.
5. How to negotiate with motivated sellers and what ‘triggers’ work every time.
6. How to sell your properties in hours, not days.
7. Taking your business to $500,000 a year and beyond.
 
My Introduction to Real Estate Investing
 
Before leaving on a ship to the Persian Gulf, heading off to war, we had several hours to kill in San Diego, California. We were about to board the USS Tripoli for an undisclosed length of time. It was 1992 and I was an ambitious 21 year old US Marine.  
 
I had a chance to stop in a book store where I found the book Creating Wealth by Robert Allen; this was my first introduction to the exciting world of real estate investment. I remember finishing the book in my bunk bed the night the US invaded Iraq on January 14, 1992. About 50 of my platoon mates and I watched as President Bush Senior announced the invasion over the television; I remember not sleeping a wink that night.
 
 
My First Real Estate Deal
When I returned from the war and exited the Marine Corps with honorable discharge, my best friend Scott Edwards and I pursued our first real estate deal. We had no clue what we were doing and didn’t have Google at our fingertips to find out how. We also had no clue that the US was in a deep real estate recession. Still, we were excited, ambitious, willing to learn and to take action. We found an 8-unit apartment complex for sale in Scottsdale through an ad in the newspaper.
 
It was listed For Sale by Owner by a gentleman who lived on site. We met with him and we agreed to purchase the property for $250,000. The seller would allow us to “wrap” the mortgage with a $20,000 down payment. With our savings and borrowed money from Scott’s father, we purchased the property. We didn’t do due diligence, or a cash flow analysis or even a home inspection. We were young and naive but we successfully completed our first real estate deal. I was only 22 years old.
 
A Path in a Different Direction
 
From 1993 to 2003 I wasn’t involved in real estate at all. Instead, I was an independent contractor for a successful sales and marketing company that promoted and sold “green” products. I ended up opening several offices for the company and became a national sales trainer, teaching success and motivation to thousands of people across the country. This was an amazing time for me. I was single (for a short time), made a ton of money, and was traveling around the US inspiring people to stretch their minds and personal limits to achieve success. During this time I met Angela, we married in 1996 and have been happily married ever since. The parent company I worked with had some major issues so I decided I would leave and take on what I had loved since that first 8-unit apartment complex… Real Estate.
 
Getting Back in the Game
 
It was April, 2003 and I decided to take up real estate investing again but this time on a full-time basis. I remember listening to 1510 KFNN (a financial talk radio station based in Phoenix) to a guy selling a no money down real estate course where you didn’t need cash or credit. I turned the dial, thinking it was too good to be true, but something brought me back and I heard him out. I ended up ordering the $500 course and devoured it in a single weekend. The information was extremely out-dated but the concept seemed plausible.
 
The idea he presented was this: tie-up properties under contract in pre-foreclosure and flip the property for a profit using a double escrow. The method started with getting a list of pre-foreclosures, then knocking on the delinquent homeowner’s door and offering to purchase their home for cash. I had no idea if it would work, but I gave it a shot. I must say, it wasn’t easy ! One thing you’ll learn about me is that I’m relentless when it comes to figuring stuff out. If there was just one person that was able to do what I wanted to do, then I wouldn’t sleep until I could do it successfully myself. I went all out! I got my list and mapped out where these houses were and knocked on 30 doors a day. Like I said, it wasn’t easy. The first couple houses were the worst.
 
My First Day Finding Pre-Foreclosures
I had my list in hand and Napoleon Hill’s Think and Grow Rich tape playing in my car. I circled my first pre-foreclosure house about 10 times before stopping two doors down. There were 3 big trucks in the drive way and the place was in shambles.
 
I contemplated leaving several times, but I was bound and determined to get the 1 st one under my belt. So I slowly walked up to the door as I played the script of what I was going to say in my mind. I knocked on the screen door; a grizzly man with a tattoo on his chest opened the door and asked, “What the hell do you want?” I froze, literally. I couldn’t say a thing! My tongue seemed like it was the size of a banana. I mumbled like an idiot for about 2 minutes as the guy looked at me with concern. “Are you alright?” he grimaced. I turned quickly and speed walked to my car and drove off as fast as I could. Wow this sucks, I thought!
 
My First Pre-Foreclosure Deal
 
After breaking through the ice, I got good at hitting roughly 30 houses a day; it took me 3 weeks to get my first deal. I found a beat-up home in Glendale that was going to trustee’s sale in about 4 weeks. I set up 3 different appointments with the homeowner and he stood me up on every occasion. He finally agreed to meet me at 7pm on a Saturday night. I brought my contract and pens. I executed my first deal that night and I was so excited I couldn’t believe it. Now I had to sell it; that’s when I met Chad the investor. I found him by looking in the real estate ads in the local newspaper. He had several properties he was selling on a lease option to buy. His model was to buy and hold and mine was to contract and flip. I had the property under contract