I bought this sight-unseen
I’ve made more money in real estate than any other asset. But you wouldn’t have guessed this if you saw how I first started out…
I was playing beer pong with the father and brothers of my then lady friend.
We were all pretty sauced when one of them tells me about houses selling for $5K each.
What? Get outta here…
No. Trust us. You can buy these places and fix ‘em up. Then you sell and pocket the profits.
At the time, I had no idea what a tax auction was. I didn’t know that various local governments would auction off homes that had been seized because of back taxes.
I knew nothing about real estate. But I was about to get a PhD – and make more money than I ever had before.
I did a little research and found out they weren’t pulling my leg. I got seriously interested enough that I went to my first auction with the intention to buy.
Now, I was still pretty green since all this was new to me.
When you bid on a house at auction and win, you have to go directly to the cashier’s window and pay – in cash.
To me, that meant stacks of hundred-dollar bills. What a more experienced investor would do is write a cashier’s cheque.
So there I was, with a backpack full of $400,000 in cash! LOL…
People stared and shook their heads as the rookie at the window counted out stacks of hundreds. But I didn’t care.
I was hooked. This was an asset class that gave me cash flow if I held it – and sold for a massive gain when I wanted out.
This was after the 2008 housing bust and real estate was dirt-cheap when adjusted for inflation.
I bought six houses… the brothers helped me fix them up… and we made huge profits. It was a no-brainer.
The point is…
You don’t skip opportunities just because you’re a beginner. I knew nothing about rental real estate… tax liens… housing auctions… or any of the work required to fix these places and sell them.
That didn’t even slow me down – let alone stop me.
I think most people would look at a complex situation like buying houses at auction and turn away with a shudder.
There’s no success or excitement in such a reaction. You win by going and finding things you haven’t done before… learning from people who already succeeded… and believing in yourself.
I created Rebel Capitalist Pro to give you the knowledge and skills I wish I had when I started on my journey to get rich.
Rebel Capitalist Pro gives you access to professionals who can save you years of struggle and effort. The only thing I can’t give you is…
The confidence you can do it – that you too can learn about money and investing nad get rich too.
Believe in yourself – and Rebel Capitalist Pro will give you the tools and thinking you need to succeed.
Go here to start your $1 trial.
Tomorrow, I’ll tell you how (and why) I invested in a country who’s stock market collapsed by 99%!
Stay tuned…
George Gammon