There’s a popular myth we’ve all heard: “It takes money to make money.”
William Nickerson, author of the most widely read do-it-yourself real estate book, How I Turned $1000 Into a Million Dollars (1959), started investing with only $1,000 saved from his telephone sales job. Nickerson calculated back in 1980, using an inflation adjustment formula, which it would take about $2,500 to start out like he did.
It doesn’t have to be your money!
Today, 25 years later, Nickerson’s calculation may need to be doubled or tripled again; however, Nickerson was always quick to tell anyone who would listen: “It doesn’t have to be your money, nor does it even need to be cash!” Knowing what to do and how to invest wisely is far more important than having the money to invest.
When I began buying investment properties, there was no question in my mind about where I might find some extra money if my properties didn’t provide enough cash flow. The answer was clear to me the day I started…I couldn’t!
Even though my cash down payments were quite small, it was all the money I had. I knew very well there was nothing left in my bank account to make up for monthly cash flow shortages. The only funds I would have to pay my mortgages and expenses would be the money I took in each month from my renters.
It makes more sense to buy cash flow properties with uncertain futures than to acquire high potential properties without enough cash flow to operate them today. Future potential is great, but it’s still “pie in the sky!”
The top three reasons for owning and operating income properties are:
- See #1 and #2
My home study training course is all about investing for cash flow first. It’s how I survived.
JUST RELEASED: After teaching my LIVE 3-Day REAL ESTATE INVESTOR TRAINING SEMINAR for 27 years, I just converted it to an online home study course with a BONUS……..
All 3 days of the LIVE seminar audio are included in 18 easy to follow chapters, 564 digital pages (all downloadable to view as a physical copy or create a course binder).
Click here for full details and the huge benefits this course can offer you.
Now, no cost of the LIVE seminar: Seminar fee, air travel, hotels, meals, rental cars ($2000 -$3000).
View on PC, Mac, table or smartphone, anytime anywhere
This NEW ONLINE COURSE, REAL ESTATE INVESTOR TRAINING is a road map for financing and fixing these properties.