I’m about to close a life-changing deal.
But, before I tell you about the deal, let me tell you about a person—Let’s call him “$3.90 per hour me.”
During my humble beginnings, I made $3.90 an hour working for a grocery store. If I worked 40 hours a week for 52 weeks without taking a single day off, I made $8,112 per year before taxes. If I wanted to make $28,500.00 in that position, I would have been short by over $20k, and it would’ve taken 3,485 hours of overtime (at time-and-a-half). That’s 5,565 hours a year, or more than 107 hours a week. There are only 168 hours in a week! That would’ve left me only 8.7 hours a day to sleep and live my life.
Maybe you feel like you already work that much. Maybe you actually do!
Now, minimum wage has changed since my days working at the local market, and not many people make just $3.90 per hour anymore, but the principle remains. How many hours would you have to work to make an extra $28,500? An extra 10 to 20 hours of overtime per week? Or, maybe it isn’t even possible for you to make that much in your current job. So, what you would have to change in your life for you to just make $28,500? A new job? A second job? Sell a kid or a kidney?
Please don’t do those things. Just keep reading…
You see, I didn’t make this chunk of change in a year. When the confetti falls, it will have taken roughly 30 days for me to put the extra $28,500 in my pocket.
On February 24th, 2017, I purchased a house at auction in Spokane, WA for $136,500. We immediately put it on the market for $169,900. The next day, we received an offer for $160,000 (one of many) with a closing date of April 6th, 2017. We countered back at $165,000 with a closing date of March 28th, 2017 (so the income would count for the first quarter of the year).
The numbers look like this:
$165,000 – Resale
$136,500 – Purchase
$28,500 – Gross Profit
What would an extra $28,500 afford you? Maybe you could put your aging parent in a better nursing facility, or avoid putting them in a facility at all. Maybe you could put your daughter through college or get out from under that mountain of credit card debt that hangs in the back of your mind every day. Or, perhaps, you could retire your wife or your husband from her or his job! Be honest, if you had an extra $28,500, how well would you sleep tonight? Would you be able to breathe easy for the first time in years?!
Maybe an extra $28,500 isn’t much to you. If that’s the case, let’s look at it like this: a profit of $28,500 on an investment of $136,500 returns a 20.8% term yield (30 days). If you take 20.8% times 12 months, you get 250% annualized return.
The current bank CD is paying 1.5%
I’m not telling you any of this to toot my own horn. We’ll do more of these deals this year, more flips, more investments. It’s just another deal to me, folks. But it wouldn’t have been just another deal to “$3.90 per hour me,” and I’d wager that it wouldn’t be just another deal to you, either. I want you to get it. I want you to know that I practice what I teach and that I teach it because if this could’ve changed the “$3.90 per hour me,” it can change you, too.
If you aren’t moving in the right direction, let me help.
If you’re on the right track, but you’re not moving, you’re going to get run over.
I have events coming up all over the country where I will teach you how to do this. In fact, I’ll show you how to do this over-and-over! (And NO! You don’t need cash in your pocket at an auction to do this!! That’s just one way of MANY.) Salt Lake City, Coeur d’Alene, Albuquerque, Cleveland, Indianapolis, Las Vegas, Columbus, Nashville, Charlotte… I’m bringing this to you because I don’t want you to have to work 100 hours a week.
I want you to sleep well at night and be able to breathe.
But, if slaving away is your thing, don’t let me stop you.
Doing This for You;
Lee A. Arnold
The Lee Arnold System of Real Estate Investing
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