Welcome to our story. We are not millionaires - yet... but I feel that we are on our way and have learned so much about how to find the right property, make the right choices, and make money to provide us with millions once we get to retirement.
We started investing just 2 years ago and our combined equity is now worth about $250,000. I found I have a real passion for real estate and have always been a teacher - so now, I hope to combine my passion for real estate and making money with my passion for teaching - and provide others with information about how to invest in real estate to provide for a comfortable retirement! For those of you starting young - even better - how about retiring around 40? Investing in real estate in some ways can provide instant wealth but that is not what we are about. We are about solid-long term investments that in 20 years = millions.
We started with NO MONEY to put down - but we did have excellent credit and a good job. Our approach is not the only way to go but it is possible to get started with no money, a good job, good credit, and a desire to make it work. If you already have money to invest, things are even easier. You may have equity in your home that you can use - we can show you how it is a wiser decision to take that money out, invest it, rather than paying off your mortgage.
Our first venture was a flip in Cary. To be honest, we didn't make a lot of money (since we did all the work ourselves and it was time consuming) - on paper we bought for $94,000 and sold at $118,000 or a gain of $24,000 - but with the cost of materials and the huge amount of time we spent - it wasn't really worth it financially, but it was worth it for the education we gained!
Our second venture started as a flip but turned into a rental - there were lots of reasons for that and lots of things that we learned from house #2. Right now, that house has appreciated by $40,000 in just 2 years and has a positive cash flow of: $400 per month.
Our third venture was a foreclosure - we were at the right place at the right time and got a foreclosure priced about $15,000 below market - so an instant $15,000 in equity. That house because of the low purchase price nets $350.00 per month.
Our fourth home was also slightly undervalued and has appreciated substantially in just 9 months. It has a cash flow of only $100 per month but we haven't even owned it for a year yet.
We have since purchased other homes and the Apex Learning Center. We have helped 2 other families purchase homes to rent and manage them for them. They have already seen good appreciation from their investments.
Come to our real estate clinic and learn more - you can do it. Do you know how many people I meet who say, "that is something I want to do" but they never do it!
Even if you don't have a lot of money - we can tell you how to get started so that over time you WILL be able to invest. When we were younger we just didn't have the cash flow to invest even though we wanted to - but, we did all the right things so that we were prepared to do it about 8 years later. It is never too late to start investing. My father and step-mother are in their late 60's and early 70's and even they own an investment property that I manage for them!