Well, the tide is receding. So don’t be surprised as bare bodies start to appear!
This is a metaphor of course for not being prepared when the economy takes a quick turn for the worse…What do you have in place to protect yourself financially?
A similar analogy is the parable of the 10 virgins.
Matthew 25:6-10
“And at midnight there was a cry made, Behold, the bridegroom cometh; go ye out to meet him.
7 Then all those virgins arose, and trimmed their lamps.
8 And the foolish said unto the wise, Give us of your oil; for our lamps are gone out.
9 But the wise answered, saying, Not so; lest there be not enough for us and you: but go ye rather to them that sell, and buy for yourselves.
10 And while they went to buy, the bridegroom came; and they that were already went in with him to the marriage: and the door was shut.
Financial Security does not just happen. It takes preparation with a solid plan and then executing on that plan.
And similar to the 5 virgins who were prepared with oil, they did so well in advance of needing it…When time was on their side!
While there are plenty of ways you can go about building financial freedom, I am going to give you of course the real estate path to financial freedom by offering our most recent example of a turnkey property that we sold to an investor.
I am asked every single day what our typical investment property looks like.
Such as what is the normal price point, ROI, and how much money do they need to save for.
Most of those questions will be answered by this property that I am singling out because it is not unique…
This is an average turnkey property for us:
-1250 sq ft single family home 3 bed 2 bath property on 1/4 acre
-$210,000 purchase price
-$10,000 credit was given to buy down the rate to 6.2%
-$50,000 down payment
YEAR 1 Projections:
$299.95 monthly CASH FLOW after all expenses including mortgage
22.7% ROI
18.2% IRR
7.3% CAP rate
(Cherry on top…This home has about 30k in equity… day one)
This home was rebuilt from the foundation up. (Framing, electrical, plumbing, windows, roof, AC, kitchen, bathrooms, all brand new).
Again, this is an average “turnkey” home that we provide. Meaning we locate, buy, renovate, then manage rentals for our clients. All they have to do is bring the funds to the closing desk.
Our investors on average purchase 2 homes.
If continued at that pace, they will have a NET worth of over 8 FIGURES in less than 12 years.
Not only will their net worth skyrocket, they will check off each of the 4 pillars of real estate investing:
-Cash Flow
-Leveraged debt
-Tax savings
-Equity/Appreciation
There is no better way to build long term generational wealth.
PERIOD.
While the news sells doom and gloom…We are selling financial freedom.
What are you doing right now to fill your lamp’s oil (financially speaking?)
To get on our list to buy more properties just like this, go to: PROPERTYRUSH.COM
(Pro Tip: Are you staring down the barrel of a huge tax bill for 2023? You will not find a better write-off than real estate, and we can show you how to accelerate those savings).
You only have about 60 DAYS LEFT, however, to take advantage of the tax savings and buy an income property if you are hoping to reduce your tax liability in 2023!
What are the next steps?
