OUTSTANDING
ACCOMPLISHMENTS
Doctor Doug White, PhD.
One Sunday afternoon ( 70's ) I accompanied my parents on a
drive out to Wisconsin where they owned two corner
lots that one day they planned to build a retirement home. Just along for the
ride I bought a book with
me by Tyler Hicks entitled
HOW TO MAKE ONE MILLION DOLLARS IN REAL ESTATE IN THREE YEARS
STARTING WITH NO CASH
One of the important things I learned that day was that the
national appreciation for vacant land was
around 3% which didn't accumulate enough money to pay the taxes on the property.
My parents soon decided
to dump the two lots due to the lack of appreciation and the cost of maintaining
the two lots.
The most important thing I learned that day was the fact that you could actually buy real estate with "no cash."
This was amazing, no cash! On the way home I read the book
again and decided that this was what I was
going to start doing the very next day.
I started bidding on apartment buildings. I would place a bid
and get turned down, place another and get
turned down... without persistence I would have never accumulated the properties
that graced
my portfolio after I learned the pattern.
I actually bid on 55 properties and got turned down on all of
them except the 55th which turned out to
be a four unit apartment building that netted me $19.27 per month after all
expenses.
This gave me the Rule of 54 - never give up on "no cash" property, keep bidding until you succeed.
Once I stabilized the property I began bidding again, only
this time I wouldn't accept any property
that didn't net me $100 per month after all expenses. I did that seven more
times and then found the property
that really moved me up in the real estate world.
I bid on seven ( 7 ) apartment buildings all at the same time,
all from the same owner.
These properties netted me $350.00 per month per, per building or $2,450.00 per
month positive cash flow
after all expenses including the mortgage on each.
I over financed each building by 2% and netted $2,000.00 per
building at closing or $14,000.00,
took another $8,000.00 in commissions as a licensed real estate person and
collected
$4,000.00 in cash rent the next day after closing.
All in all, I collected $26,000.00 in 2 days buying seven
apartment buildings with "no cash"
and generated a monthly cash flow of $2,450.00. Not bad!
In just under four ( 4 ) years I was able to accumulate three
million, two hundred thousand dollars
in "no cash" real estate ( $3,200,000.00 ) and
the final tally was 15 apartments buildings and 46 single family houses.
I continued to collect "cash rent" of $236,000.00
per year and the biggest asset that I have is the ability
to do it again, anytime I decide to do it.
Becoming a multi-millionaire in less than 4 years was a great experience.
^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
SPECIAL NOTE: Your imagination is the key to realizing long-term,
unlimited success. Imagine,
being able to envision collecting $26,000.00 in 2 days buying seven apartment
buildings with "no cash"
and generating a monthly cash flow of $2,450.00. Can't imagine it? You will
never accomplish it!
“I work with people who want to live a longer, healthier, happier and
more prosperous lifestyle,
to any age they choose.” CDW.
Make contact today
1- (Info@DrDougWhite.com)
Out of the U.S. send me an e-mail AbetterLife@DrDougWhite.com
and list your name,
phone number and the best time to call and I will make contact to get you
started. CDW.