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Real Estate Investing- Getting Started on the Road to Riches

By October 26, 2017 General, Real Estate

Real Estate Investing- Getting Started on the Road to Riches

I really want to make money investing in real estate.  To achieve this goal, I have been learning about real estate investing in my spare time.  As I mentioned in a previous post, I am doing this while also working towards getting my California real estate license by studying California’s Real Estate Principles.

A few weeks ago, I received Larry Goins’ Filthy Riches real estate investment program in the mail.

The Filthy Riches investment concept is basically a proven method of buying cheap $5,000 houses and then reselling them at 3 to 6 times what you paid without cash, credit or a buyers list.

Now That’s Great Service!

During the first week that I received the Filthy Riches program, I received a call from my assigned Education Consultant- Dean. I was so happy to receive the call since I had begun reading the main manual and had several questions. I wanted to know things like: Is it possible for me to find one of these real estate deals in California? When will I need a proof of funds letter? When would it be necessary for me to obtain transactional funding?

Dean was very helpful.

The first thing that Dean did during the call, was to make sure that I was aware of all 10 ways that I could get my course deposit fee refunded. I was pretty impressed by this since it definitely demonstrated to me that Larry’s folks weren’t just looking out for themselves and were trying to help me succeed.

Money Back Guarantee

The 10 ways to get your refund are as follows:

  1. Bird dog a Filthy Riches house for Larry Goins’ group to buy or…
  2. Buy a Filthy Riches financed house from the group or…
  3. Buy a Filthy Riches note from the group or…
  4. Sell a Filthy Riches note to the group or…
  5. Become a private money lender for the group or…
  6. Buy a wholesale house from the group or…
  7. Sell a wholesale house to the group or…
  8. Let Larry Goins fund your first Filthy Riches deal or…
  9. Refer 3 Filthy Riches Customers or…
  10. Do a deal and send a testimonial

Taking Action One Step at a Time

After Dean covered the various ways that I could get my money refunded, we went over the Filthy Riches Action Plan.

 

As simple as this may appear, I find this action plan to be the most useful part of this program so far.  Honestly, without this, I think that I would have been completely overwhelmed by the sight of everything contained in the Filthy Riches program.

This action plan breaks the entire Filthy Riches program down into tasks which, to me, makes it way more doable.

Can I Get a Deal in California?

After covering the refund options and the action plan, Dean asked me if I had any questions.  I told Dean that I hadn’t had a chance to read much so far but did have a few general questions.

The first thing I wanted to know was, “Can I get this kind of real estate investment deal in California?”  As I had suspected, according to Dean, it would be pretty much impossible to find a Filthy Rich deal in California.

According to Dean, the rule of thumb is to search for these properties in states that are east of Colorado. I was a bit disappointed about this since I was hoping to be able to personally view the property when I close my first deal.  Hopefully, I will come across some awesome realtors who will be willing to take some video footage and pictures of the houses that I am interested in buying.

I went on to ask Dean the rest of my questions which he was able to answer. We then ended the call and Dean let me know that he would be calling again the following week.

So Far So Good!

Although I have just started the Filthy Riches program, I have already covered a great deal of information.  I have read the sections covering mobile homes, the types of homes to look for and the various ways to profit from the purchase/sale.

The material is simply written which makes the complex nature of the subject matter a bit less confusing. Compared to the California Real Estate Principles textbook, the Filthy Riches materials are written much simpler.  For me, this makes it so much easier to understand.

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Real Estate Investing – Filthy Riches

By September 26, 2017 General, Real Estate

Real Estate Investing – Filthy Riches

As I mentioned in a previous post, I really want to get involved in real estate investing.

Although I recently signed up for an online California real estate course, I still have yet to start it.

I guess the real problem is that I need to make money now!

I have a friend who obtained his real estate license a few years ago.

Not too long ago, he and I met up and chatted about how things were going in the business. For him personally, things were going great. He told me that he had tripled the amount of money he had been making while employed by the “secure” government.

 

Getting Over the Hurdles

When I told him I was thinking about getting my real estate license, he was excited for me. He then shared some important advice. He told me that getting started was not easy; there was currently a lot of competition and the start up/annual costs were steep (e.g., real estate courses, state exam application, fingerprinting, Board of Realtors membership, Multiple Listing Service (MLS) membership, lockbox key, errors and omissions (E&O) insurance, brokerage membership fees, marketing fees, etc.).

Well…that was not what I wanted to hear. At the time of our discussion, I wasn’t in a great place and my only focus was replacing the income I was currently receiving from my 9 to 5 so I could quit. At that point nothing else really mattered. I had been working for the same branch of government for the last 27 years and-to put it mildly-I was completely BURNED OUT!

To give up everything I had centered my life around was a difficult choice, but I was done with the rat race and I just couldn’t shake the feeling that there was something more.

Perseverance

After talking to my real estate agent friend, I realized that becoming a successful real estate agent was not going to happen overnight. If I was going to be a successful real estate investor, I would need to be diligent and focused. Even though this is the case, I was still interested in getting my license. Getting my license would add one more component to my future financial freedom. So, I went ahead and registered for an online course.

Just after doing this, I came across an ad for one of Larry Goins’ webinars. Before discovering this ad, I had never heard of Larry before- but after watching his video, I wanted to know more. I signed up for Larry’s webinar on his Filthy Riches program which was scheduled for a few days later and guess what? I actually watched it!!

Like I said before, I am a sucker for products with money-back guarantees and the Filthy Rich program has one-actually, not just one-there are ten (yes 10!) different ways you can get your money back. One of those guarantees is that if you don’t make at least $12,000 in the first 12 months, you can return the course and get your money back.  Who does this? Well, Larry does.

 

It seemed like a no-brainer to me, so I signed up. I received the materials in just a few days.

As a student of the Filthy Riches program, you are personally assigned an Education Consultant who will call you to get you started with the course. Now that’s customer service!!

I am really excited about this program and can’t wait to get started. Stay tuned for more updates as I embark upon my path to financial freedom!!

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