In my experience, the people I’ve met who go: fire, aim, ready, become multimillionaires. The people who go ready, aim, fire make $50,000 or $60,000 a year.

If you want all your ducks in a row, all your I’s dotted and all your T’s crossed, and if you want a guarantee that everything will always be okay, then have a job, work for a boss and make $50,000, $60,000 or $70,000 a year.

The median income of a college graduate in the United States is $55,000 a year. So, if you graduated from college and you’re making $55,000, you’re making exactly the norm.

Over time, your boss will raise your paycheck around 2% a year. By the time you get to your 60s, your paycheck will be higher than your value, and they’ll be looking to replace you with someone who just got out of college and is 25.

That’s the reality. By then, you’ll be making $70,000, and they’ll say, “Well, I don’t know if this person is worth $70,000. I can hire someone else at $45,000.” Then you get laid off. That’s the reality of life.

Now, if you don’t like that, the question is: What are your alternatives? This is where things get tricky.

Let’s ask you guys: What would be your alternatives? You said, “I don’t like that scenario. I’m 60. My boss just laid me off. What alternatives do I have?”

The answer is to plan and prepare. Buy one rental property, put a 15-year mortgage on it and hold it for 15 years. It will double in value, and the rent will double too.

A $200,000 house purchased today that rents for $2,000 a month will be worth $400,000 in 15 years and will then rent for $4,000 a month. At that point, you will have no mortgage and will own the property free and clear.

That $4,000 will be income for you for life. In South Florida, you can raise rents by 3% to 5% per year, so you have inflation protection built in. 

This example used a $200,000 house that you purchased with a mortgage. Now imagine that, instead of paying $200,000, you bought that house for $110,000 from a motivated seller using a private lender loan. You then spent $20,000 making it rent-ready, put a tenant in place and refinanced your private lender loan into a conventional mortgage.

Imagine that, after refinancing, you had completed a no-money-down deal where none of your own money had gone into the property. All of the repairs, the down payment, the fees and the closing costs were funded by the conventional mortgage.

If you could do this, you could literally buy unlimited rental properties. That is what I want to teach you how to do. How to create financial freedom.

This is the essence of understanding the Buy, Repair, Rent, Refinance Strategy that I teach at my boot camps. This strategy has made me a millionaire, and it has made many of my students millionaires too.

I can teach you how to understand and employ this strategy at the Buying Rentals and Building Wealth Boot Camp which is coming up. When you attend, you will meet many of my students who have used this strategy to become millionaires. It works!

You can learn how to do this! The only thing stopping you is lack of knowledge and the education and training on how to do it. You can learn this at my real estate training boot camp that is coming up.

You can use this link to register:

https://www.lexlevinrad.com/buying-rentals-building-wealth-boot-camp/