Would you pass up an opportunity to have a CEO in your home or office once a month to develop your financial strategies, line up your goals, and smooth out the edges of your business?
If you’re unfamiliar with my CEO Fireside chats, let’s change that.
First, click this link http://leearnoldsystem.com/lp/ceo-fireside/ to sign up for next Monday’s event, and you’ll also have exclusive access to last month’s full fireside chat for review. Go ahead, I’ll wait…
Great! Now, to make sure we’re all on the same page—especially to those of you who were on the call—I’ll recap the basics of our discussion. Did you rise to my challenge of meeting with your team (or partner, spouse, or self) to set up your 2017 KPIs (key performance indicators)? Did you set granular, quarterly goals that are achievable and believable? Did you identify who you can make money with?
Did you analyze my goals to see if you can align yourself with them? Even if your goals are attainable and encouraging, it’s quicker to jump on a train that’s charging at full speed in the right direction than toss away time by building your own tracks. I can’t over express how important goals are. If you don’t have them yet, fix that now.
First things first; let’s get you making money. Look for it, broker it, and borrow it.
If you’re on the hunt for properties to rehab, all you need to start is a good deal. If you focus on finding a good deal, uncovering the money needed to fund the project is the easy part!
On every deal, your first step is to write the offer. Get it under contract to control the transaction. Then, follow my guidelines to turn that property over.
- Wholesale first. Try to sell that property as-is, and if you can’t in 14 days, then…
- Flip it and retail it out. If it isn’t selling, try…
- Leasing the property with an option to buy, also known as seller financing. And, as a last resort…
- Rent it out.
(Maybe you already know this. Good! Let’s turn you into a pro. We have specialist available to help meet you where you are and guide you in the right direction with education targeted to fill your needs. Call them at 800-533-1622)
Now, for our brokers. We are looking to deploy quadruple the capital in 2017 than we did in 2016 from our two internal multi-million-dollar private equity funds. We’re doing this by reducing our pricing to an aggressive level and making our lending terms competitive. If you’re a certified broker with us, we encourage you to join us for a refresher course. Our earliest one is February 9, 10, 11, and 12th in Atlanta, or call our team to learn about an event in your area at 800-533-1622. If you want more information on becoming a Certified Private Money Broker, we can help with that, too. If you don’t know WHAT you want, read this blog here http://leearnoldsystem.com/blog/avenues-toward-wealth/.
Remember our motto? We get more of what we want by helping you get more of what you want. What can we help you with?
We also discussed our plan once you have 250k liquid capital. That’s 250k cash in the bank; not money to pay bills, not money to buy luxury, but cash set aside for investments.
Invest the money for passive income. Let’s turn you into an accredited investor.
What does it look like to ready for the investor status? You’re ready when you have…
- 1 million dollars in investible assets (excluding equity in your primary residence), or;
- 250k on tax returns as an individual [filing jointly], or;
- 350k on tax returns with a spouse.
In 2016, our accredited investors made an average of 13.5% in interest payments on private equity funds. This means that for every 100k invested, our average investor made $13,500 in interest. That’s over $1,000 per month in passive income! You could use that, right? Or, at the least, you could select a charity to give it to.
Listen, this is attainable. Don’t handcuff yourself with doubt. Don’t overwhelm yourself with stress. Don’t avoid doing something for fear of failure. If you’ve decided that 2017 is your year to see real change, that work starts now.
Remember what I said, getting “rich quick” is an irresponsible and unsustainable way to grow a business. Yes, you will need to take risks—do something that breaks you out of doing nothing. But, you need to leverage that risk with effort. Let us help you.
Join us for the CEO Fireside February 13th, 2017.
Walking with you,
Lee A. Arnold
CEO
The Lee Arnold System of Real Estate Investing
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