Looking back to when I was like 40 years old, I distinctly remember thinking I need to get moving on my retirement plans but I just don't have any extra cash to do anything. Then came the dreaded ...I'll start to do this next ________. Does this sound familiar? Drop me a line below

Wait...don't tell me... You don't have any money to buy real estate. Right? No💵 Get out there and find a deal anyway! 🏡 Call a Realtor and tell them you are looking for a deal, if they don't know what you are talking about go call another one! 📞 Use the 1% rule. Figure out what the rental income would be. That number should be more than 1% of the purchase price. Monthly rental income totals $3,800 then your offer should be less than $380,000 The lower you go under $380,000 the better the deal! When you find a deal bring it to this community

Asset or Liability? 🤔 Most people never get this one simple idea: An asset puts money in your pocket.A liability takes money OUT of your pocket. That’s it. That’s the whole game. 👇 1️⃣ Your house - If it costs you money every month (mortgage, taxes, repairs) and doesn’t pay you… it’s a Liability. - If it’s a rental that sends you cash flow every month after all expenses… it’s an Asset. 2️⃣ Your car - Car payment, insurance, gas, repairs = money leaving your pocket every month 🚗💸 - Unless that car is being used to produce income (delivery, Turo, business vehicle that nets profit), it’s a liability. 3️⃣ Your credit cards - If you’re using them to buy stuff that doesn’t pay you back… that balance is a liability. - Debt tied to cash-flowing assets (notes, rentals, etc.) can be good if the cash flow > payment. 4️⃣ Investments - Stocks that don’t pay you? You hope they go up. That’s speculation. - Notes, rentals, private lending, cash-flow deals? They PAY YOU while you sleep. That’s an asset. 5️⃣ Retirement accounts - A 401(k) sitting in mutual funds, praying the market behaves = 🚩 - A self-directed account owning notes, rentals, private deals spitting out cash flow = real assets. If you look at your life right now… Are you stacking assets or collecting liabilities with fancy names? 👇 Drop one thing in your life that you thought was an asset… but now realize is actually a liability.

I came home with a Restaurant grade charbroiler! Up until that day we had a favorite steakhouse here in town, Clarks Landing. We were able to tour the kitchen one night and I saw how they made such awesome steaks seared perfectly. I'm like...I'm getting one of those! So I quit my J.O.B. (Just Over Broke) on Friday and Saturday morning I went to the Restaurant supply and bought an $1,800 36" Charbroiler and a stainless table and my wife thought I was nuts! "You quit your job and spend that kind of money the next day? She soon figured out my logic. We were dropping $150 every steak session at Clarks Landing (roughly every 3 weeks) and now that I am Voluntarily Self Unemployed, things had to change. Up until that tour of the restaurant kitchen, I kept buying outdoor grills that would fall apart every 3 years and they never had the sear heat to properly cook a steak! It's been 20 years now and I have almost never bought a steak in a restaurant...and I still have the same charbroiler!

I didn’t even know what that phrase meant. Portfolio was a word rich Wall Street people used on TV. I was just trying to keep the lights on and be happy I could at least make enough salary to allow my wife to be a stay at home Mom. Here’s what actually changed for me 1️⃣ I started looking for things that made sense to me. I bought a study course on late night Infomercial How to buy your first Investment Property with No Money Down Carlton Sheets. 4 Payments of $74.99 2️⃣ That was it I poured over this material and did what he said. I got my team together and looked at as many properties as my Realtor would take me to. I still have that Study course and in that book I wrote April 1 1999 I bought my first rental income property following the magic 1% rule. Rents must be greater than 1% of the purchase price. Rent = $1,400 and the purchase price was $136,500 💬 Your turn:Where are you right now? - “No portfolio, no clue (that was me).” - “Just getting started.” - “Already building, want to go bigger.” Does this get you excited? Let's jump on a call Use this link https://calendly.com/mike-2347/30min Drop it in the comments so I know who I’m talking to 👇