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The goal of having an empire is one we all share.• •
Sometimes the thought can become clouded because you don’t know where to begin or what to do ♂️♀️.. The key is to start small and bite off what you can afford to chew. Look for great deals and scale up overtime.•
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A cash out refinance and 1031 exchange are both powerful tools (tax free tools to shelter our gains, we pay the government enough money) that can take you from one small property to 100 over a period of years if you know what you are doing.•
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Real estate is the safest LONG term investment there is. As a landlord , your tenants pay you first, then their cell phone, then food & insurance and it trickles down from there.•
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Everyone needs a place to live, in both a good and bad economy, wouldn’t you agree?• ☝
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What’s your opinion on this, do you think there is a better investment
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Credit: @therealmrmarcelle
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This is one of a few ways in which you can remove the costs of housing from your monthly expenses•
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For many of us we finish school and are thrown out into the real world and see how expensive the real world is •
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If you can remove the costs of housing from your monthly expenses you will have an easier time saving money and investing into your future. ✈️
Iyi haftalaar !
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A great business model
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Buy real estate in key locations.
Sell franchises: US costs- ($45,000 franchise fee + 4% of gross sales)•
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Build a brand and sell the brand to other investors who fund your growth.•
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The key is to expand the brand, collect franchise fees & 4% gross sales per location , and capitalize on land appreciation!•
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Essentially what they do is, they buy the land and hire a manager to pay it off. This manager actually pays it off and then pays them extra on the side! ).•
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This formula has allowed McDonalds to become the powerhouse that it is today.•
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There are 37,855 McDonalds franchises world wide!
The system that were raised in and programmed to believe in is broken.
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When I was a child, I would see my parents, the bus driver who took me to school, the teachers , the principal and everyone around me working very hard.•
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The message was simple; study , get good grades, go to college, then you might get a great job.•
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The problem today is, the starting pay at these “great” jobs is $70,000-$80,000.. and to get that great job you have to go to school for 4 years.•
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Entry level four year colleges in America start at $15,000 per semester (2 semesters per year $30,000). Then let’s add in $1,500 a month for food, shelter, car and cell phone ($18,000 per year).
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Costs of this education is $30,000 + $18,000 = 48,000 x 4 years of school = $192,000!! •
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According to bankrate.com. You will pay $1,518.32 per month for 15 years (5% interest rate) to pay off your balance, which is $18,219.84 per year in annual payments.•
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For $25,000 in additional salary the average person will pay $18,219.84 per year in loans to receive a net difference of $6,780.16 per year in salary.
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Sure the engineer will earn more in the long run but will also work twice as hard, deal with much more stress and have little family time/personal life.
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My grandfather worked in a glass factory, my grandmother worked in a box factors and they were able to purchase a house, raise 4 daughters, saved money and live well.•
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Today, two engineers can not afford to raise four children, buy a house, and live well in any big city in America.
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All the big earners today think for themselves♀️, they do not think for other people.•
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Think outside the