Investor from California

[Lisa Carter]

My husband and I are looking to invest in the Midwest and are looking for deals.  We are fun to work with and looking forward to masterminding together. 

[Michael Swan]

Hi Lisa,

I am also from San Diego and in October of 2014, I began investing in the Northeast Ohio area.  Right now I have 8 single family in Euclid, with no vacancies (knock on wood) since purchasing them.  They cash flow after all expenses $3200.00 per month.  That is after keeping $100.00 a month in reserves per property, 10% property management, $35.00 insurance per month per property, $100.00 RE taxes per month.  The only issue with single family so far is that I paid cash and all in, after rehab. Is about. $250,000.  I would have rather used leverage.

Also, I have been 1031 exchanging my pricey San Diego Real estate to buy Apartment complexes in Northeast Ohio.  Right now I have 4 apartment complexes and 45 front doors in these apartment complexes.  I have 2 vacancies total.  That is approximately 95-96% occupancy.  Plain and simple, If your provide the best product and excellent service at a fair price, occupancy issues will be limited.  If you follow these two rules, it is tough to go wrong.  1. Don't lose Money!!  2.  It must cash flow!!!  Don't follow the heard and be seduced by late night gurus and there garbage of something for nothing, instant gratification, diseased way of thinking.  Get all your money out of the financial planners hands and into something YOU control the outcome.  Pay your STUPID tax of 10% and the regular taxes and only do this for downpayment on tax deferred cash flowing rental properties, not losing money and replace all your W2 earned income in 5-10 years.  I did it in 5 years, due to my low W2 earnings due to being go a teacher and my wife a low paid Special Ed Assistant.  We gross at under $80,000.00 a year, living in a very pricey area of the country.  If we can be financially free after 5 short years, anyone can!!

If you change the way you look at things, the things you look at change right before your eyes.  I learned at 45 years old that my financial ladder was leaning against the wrong building.  I educated myself and changed my existing paradigm and replaced it with a financial freedom plan that anyone can follow.  Right now $120,000 in tax deferred cash flow!! That is after 5 short years.  5-10 years from now $1,000,000.00 in tax deferred cash flow.

I have said it here before and I will say it again,

If you reach for the stars, you may grab a handful of clouds. But most certainly you won't grab a handful of mud. What holds people back is FEAR (False Evidence Appearing Real). What really scares me is the Herds of masses investing their hard earned money in 401K and IRA. What a joke!! Who makes the money? Financial Planners? Plan administrators? Mutual Fund Managers? Expense Ratios? I know it is not the investors. I got all my families' money out of that speculation and gambling game. When that stock market goes up or down, I just sit back and collect my mailbox money. Also, if I lost my W2 teaching job, how long could I make it before I had to go back to work?

FOREVER (million in RE and 2.5 mil net worth and $120,000 cash flow and growing)!!!!!

Swanny