Chapter 1
The Big Picture

Put simply, anyone can succeed in this business (make no mistake, this is a business and should be approached in the Sale way as any other business venture) provided they show a willingness to learn and work hard at the things that will bring them the greatest results.

Newcomers to this field are advised to devote considerable time to research and study. Before you test the waters, there are four factors that you should consider:

You must know something about remodeling and get an idea of how much it will cost to get the house back into shape. Consider what you will be able to do yourself and what it will cost if you have to have it done.

The location and design of the home are two of the most important factors to consider. Study the neighborhood, shopping and transportation facilities.

You make your profit when you buy. Therefore, you must learn how to calculate your ideal purchase price.

You should always finance the project in the most inexpensive way and use very little if any of your own money.

BUILDING WEALTH IS EASIER THAN YOU THINK

Okay, so it's not exactly child's play, but it's not as impossible as most people would have you believe. As you read on you will learn step-by-step how to build a multi-million dollar property portfolio.

Like any job, all you need is a little know-how, an action plan, all the right tools and finally, action on your part. Read this e-book, read it again, establish your game plan and gather all the required tools into your 'wealth tool box', then get to work. You'll be amazed at how much you can achieve.

It really is easier than you think. What you do achieve is limited only by the restrictions that you place upon yourself. So, read on and discover the two most powerful tools at your disposal.

A SMARTER WAY TO INVEST IN REAL ESTATE

"If you're going to work hard anyway, you may as well get rich - and do it as quickly as possible." Harv T. Ecker

Why fix up run-down homes? The answer is simple: Accelerated wealth creation.

Adding value to run-down homes through quick cosmetic rehabs is one of the most powerful leverage tools available to property investors. Traditional 'buy and hold' strategies are too slow for the investor looking for accelerated wealth creation.

So why should YOU fix up run-down homes?

INSTANT EQUITY AND FREE REAL ESTATE

By applying a buy, fix-up and hold strategy, we are able to accelerate the equity and value of our property portfolio.

This instant increase in equity provides us with a down payment for the purchase of our next property.

It is therefore feasible that you can duplicate the process and acquire more and more property in a shorter time frame than using a traditional 'buy and hold' strategy.

FAST TRACK YOUR CAPITAL GROWTH

The next great advantage of the buy, fix-up and hold strategy is that you can make instant capital gains of 10 to 30 per cent (some clients have achieved returns of up to 60 per cent).

By buying and adding value, you will instantly profit from any type of market conditions. When undertaking a 'buy and hold' strategy, the combination of buying in a growth area and adding value make this type of investing irresistible.

Imagine buying, fixing-up and adding an instant 20 per cent capital appreciation, then seeing values in your area taking off by another 20 per cent to 30 per cent over the next twelve months!

MAKE $100,000 PLUS PER ANNUM?

If your objective is to 'buy, fix-up and sell', then a six-figure income is not out of the question. Applying the previous example with only four properties would yield you a gross profit of $160,000.

SACK YOUR BOSS

"We all have two choices: We can make a living or we can design a life." Jim Rohn

You have probably heard the saying that the day you find a job that you love doing, is the day you stop work.

If, like me, you enjoy rolling up your sleeves and getting your hands dirty, then this may be the greatest career move that you make.

It is fair to say that when undertaking the work myself, I have never spent more than six hours in any one day on the job. The flexibility involved with being a full time renovator is enormous.

There can be no greater satisfaction than waking up in the morning, deciding that you don't want to do any work, then rolling over and going back to sleep.

We are assuming that you will be doing most of the work yourself.

What if you did none of the work? What if you decided to outsource all the work?

THE RECIPE FOR SUCCESS

Warren Buffet is arguably the most famous value investor of our generation.

His recipe for success is to purchase companies that are undervalued relative to their income potential; buy companies and add value to them; or both.

His methodology is commonly known as 'Buffetology'.

Our recipe is similar in that we seek to apply 'Buffetology' to real estate instead of companies.

We are seeking to purchase properties below market value, add value through cosmetic improvements and sell them at a profit or hold them and use the equity gains to fund other properties.

If you want to bake the perfect cake, then you follow the recipe. It therefore stands to reason that if you want to create wealth, why not follow the recipe from the master 'wealth chef' of our generation?