$4.7 Million in 18 Months - Posted by Houserookie

Real Estate Investing Real Estate Gurus
21

Re: add up… - Posted by Kevin - Whitney Trainer

Posted by Kevin - Whitney Trainer on March 05, 2001 at 15:11:44:

Dear George,

There are eight different techniques I teach in the 3-day Russ Whitney Purchase Option (Lease Option) training camp.

Some people think the only technique is the “sandwich” lease option where you lease from the owner and sub-lease to a tenant.

In reality…that is one of the techniques I use the least. The one I use the most is…buying the property and leasing it out to a tenant with an option to buy. Here is where the big money is.

Hope to meet you.

Kevin Wessell
Russ Whitney - Purchase/Option, Lease/Option Camp Trainer

22

Re: It doesn’t add up… - Posted by George

Posted by George on January 29, 2001 at 24:52:13:

Let me clarify, Whitney made his money in the first 18 months by doing a lot of rehab this is a way create a lot of equity, therefore increasing your networth very quickly. You buy very low, and by doing some repair and cosmetic work you can sell very high…

23

No That’s Tom Vu nt. - Posted by phil fernandez

Posted by phil fernandez on January 28, 2001 at 15:22:25:

nt.

24

Re: $4.7 Million in 18 Months - Posted by JohnBoy

Posted by JohnBoy on January 28, 2001 at 14:14:47:

I guess he can afford to pay for their company! LOL

25

I probably … - Posted by David Alexander

Posted by David Alexander on January 28, 2001 at 14:18:06:

didnt communicate well…

What I mean is that It matters what you do because each of us have our on life perceptions of what we can and can’t accomplish at any given time… those perceptions do hopefully grow and change. How fast those changes take place are up to each and everyone of us as individuals.

At last years convention there were folks there that owned and an incredible amount of Real Estate, I think one person had like 1400 units or something.

I personally think anything is possible if you see fit in your mind with your own perceptions and planning.

Maybe some other folks will put down what has worked for them strategy wise.

David Alexander

26

The only way I know of … - Posted by Houserookie

Posted by Houserookie on January 28, 2001 at 14:45:04:

is to option properties, and then owner
finance it by keeping/taking a second position.

There’s no law saying how much your home can
sell for.

27

Thanks… :slight_smile: - Posted by David Alexander

Posted by David Alexander on January 28, 2001 at 13:57:54:

I can think… just cant type. Yes, monthly income by selling one house a year and keeping the paper.

David Alexander

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Re: $4.7 Million in 18 Months - Posted by George

Posted by George on January 29, 2001 at 12:02:26:

500K per month?? I say 500K in 18 months…and most of it by flipping properties… Is it possible?? If you believe it, yes

29

Better recheck that math again! - Posted by JohnBoy

Posted by JohnBoy on January 29, 2001 at 11:06:52:

I think you need to redo your math. 5 - 6 deals per month on $50k paper at 12% would only get you about $55k per month in cash flow, not $500k.

To get $500k per month in cash flow on $50k notes at 12%, you will need to do more like 54 deals per month over 18 months.

30

Re: It doesn’t add up… - Posted by Houserookie

Posted by Houserookie on January 29, 2001 at 10:23:33:

That’s a lot of rehabbing to come up with 268K
more every month.

He would have to average 50K per deal, and doing
5-6 new deals per month.

31

Re: Thanks Dave… - Posted by Houserookie

Posted by Houserookie on January 28, 2001 at 14:31:34:

Okay I agree…

I’ve gone to his seminars at least once a year.
Partly to look at the new women that work for
him. Partly to pass out business cards, and
meet RE brokers and new people in RE.

I have never purchased anything at seminars.

On TV, this guy says he started with $1,000.
In 18 months, he amassed 4.7.