Wealth Wisdom System

Most people who start on any new venture, whether it’s exercise or building your own business or trying to invest in real estate flake out after they don’t see results right away. Consistency is key to success. Inconsistency is preventing you from realizing your dreams. Make inconsistency your enemy!

Take note of what Darren Hardy calls your “Holy Moments:” When you feel like not working out, or not working on your business, those are the times that you most need to decide to do it anyway!

• Set yourself some goals – something to look forward to
• Announce your goals to your friends and family — to keep yourself accountable. Most people would rather disappoint themselves than disappoint their loved ones.
• Make exercise something that you LIKE to do
• Reward yourself! What’s the light at the end of your tunnel?

I’ve been studying real estate methods for a few years. Sometimes it’s hard to put all the pieces together. Where do you buy? What do you buy? How should you buy? Who should you choose to do the rehabbing? Who do you choose to manage the property? Etc. etc…

So I was pretty excited when I hooked up with Steve Hettema and his Passive REO investing program. Two different classes of houses are available. You examine the inspection reports for the homes in the company’s inventory and then pick the house you want. You can get a house for $29,000 that needs no more than $5,000 in repairs. Or, you can get a nicer house for $32,000 that needs no more than $2,000 in repairs. They hook you up with contractors to do the repairs, and then they hook you up with a local property manager to put a rent-to-own tenant in the house. You make $450 monthly cash flow until the rent-to-own tenant refinances and cashes you out. Since these homes are valued at at least $45,000, you make a profit on the back end as well.

How many of these $450 cash flowing houses can you get? As many as you want! Buy them inside of your self-directed IRA and build an incredible retirement plan for yourself!