The Get Rich Scheme: The Secrets to Making Fast Real Estate Cash in Any Economy

By Simon George

Do you see the real estate investors around you making tons of money and want to get a piece of the pie? Are you ready to start making moves in real estate but think you lack the money and expertise to succeed? Wait no longer! When Simon George started his real estate investment business he wasn’t a high powered business executive with endless resources, he was a 20 something musician looking for a career that would allow him the time and freedom to continue doing what he loved. With the help of his partners, Simon has now grown his real estate wholesaling business to include rehabs, new builds, and a portfolio of income properties, all before the age of 30!
The Get Rich Scheme: The Secretes to Making Fast Real Estate Cash in Any Economy is a no frills instruction manual on how to go from a beginner with little to no money in your pocket, to an expert real estate investor whose building wealth and living a life truly worth living.
Inside you’ll be given the secrets of how to:
•Find and analyze steeply discounted properties to help you and your partners build the wealth you desire
•Structure your deals so you can make money with little to no risk or cash out of pocket
•Develop systems that guarantee your long term success and allow you to operate in multiple cities and states
•Much, much, more!
Do you want to build a 6 or 7 figure income working for yourself on your own time? Do you want a career that offers the freedom of time and finances to allow you to live a life truly worth living? Then real estate investment is the business for you and The Get Rich Scheme: The Secretes to Making Fast Real Estate Cash in Any Economy is the book. Simon built his business from the ground up and so can you! So why wait another minute? Get started today!

• Language: English
• Publisher: Simon George
• Release date: Dec 27, 2018

Book preview

The Get Rich Scheme

Simon George

Table of Contents

Introduction: Your Why

Chapter 1: Why Real Estate?

Chapter 2: Wholesaling Basics

Chapter 3: Finding Buyers

Chapter 4: Deals, Deals, Deals!

Chapter 5: Valuing Properties and Learning Your Market

Chapter 6: Making the Offer and Putting the Property under Contract

Chapter 7: Marketing Your Deal to Cash Buyers

Chapter 8: Contract Assignments, Double Closes, and Wholesaling After You Close

Chapter 9: Rehab and New Build Basics

Chapter 10: Funding Your Deals

In Conclusion

Introduction: Your Why

So, there I was. A 25-year-old ex-football player, ex-second-generation drug dealer, wannabe rock star in the fetal position on the hardwood floor of a small bedroom. I had graduated from college a few years earlier, still drank too much, and was broke. I worked for my dad at his small remodeling business where he made around $40k a year, and the only way I could really afford to live anywhere but with him in a small apartment on the basement level of an old house (which I did for almost two years), was by the goodwill of a longtime close friend. I felt trapped, like the more money I had, the more people were lining up to take it from me; like there was a ceiling I had to break through. I was falling further in debt and already struggling to figure out how to pay my rent each and every month. If it wasn’t rock bottom, it was damn close, and it was as much emotional, mental, and spiritual as it was financial.

I decided then and there that something had to change, that more of the same would bring me nothing but more of the same. I had seen what money struggles had done to my family, and I wasn’t going to let it happen to me. I wanted freedom from it all (especially from my mounting pile of bills). For me, the answer was real estate (and moving across the country with less than $2,000 in my bank account, but that’s a story for another day). I had dabbled, but lacked consistency and direction. I had seen what a ceiling-less business real estate could be at its peak, I just hadn’t been able to make it work. So I decided to focus and I quit my job. It was big and it was scary, and I really didn’t know what the hell I was doing, but I went for it. For a while I survived by jumping from spare room to spare room (with occasional stints at my mom’s house, of course). It wasn’t easy, but I made it work. As time went on, my vision of what I wanted from my life cleared, and I found definiteness of purpose. I had found my why.

Your why is what gets you up in the morning. Your why is what makes you pick up the phone and make another call. Because just wanting to get rich isn’t enough. It’s all about lifestyle design for me. I knew I wanted to have the freedom of time and the financial means to live a life full of travel, shared experiences with loved ones, and live music, while also enjoying the work I did enough to never want to retire. Furthermore, I knew that if I ever had a loved one in need, I wanted to be able to be there for them whether they lived across the country or across the world, without having to concern myself with missing work, or stressing over how I’d afford to get there. It hasn’t been easy, but it was never supposed to be easy. The mountaintop is saved for those willing to climb, and real estate is not a get-rich-quick scheme. But it is a Get Rich Scheme.

You have to become aware of where you are, and you have to decide where you want to be. Define it in your mind. Set smart goals (SMART = Specific, Measurable, Achievable, Relevant, Time-oriented). Write that shit down. Make a dream board. Sound corny? Your way has gotten you where you are. Choosing the influences you have chosen has created the reality you know. Want to change it? Try a new way. No matter what you want from life, it’s all about attitude and mindset. Surround yourself with positive, creative people. Your life will become the sum of the five thoughts that occupy your mind most frequently, and it will reflect (even financially) the lives of the five people closest to you. After all, you are the company you keep (we all knew some of the things our parents told us had to be true).

And in that, as Bob Proctor says, Stop asking your friends what they think, they probably don’t. Everyone has an opinion that they are more than willing to give you, though 99% of the time, people don’t know what the hell they’re talking about. Find a mentor. If you can’t find a local mentor right away, ask an expert (remember: when the student is ready, the teacher will present himself). But you have to stop relying on people who have no frame of reference to guide you. Their opinions are irrelevant. Sometimes the worst influences in our lives (as far as reaching for our goals and dreams is concerned), are our friends and family. It doesn’t mean they don’t love us, and it doesn’t mean they don’t think they have our best interest at heart. But I promise you, you’ll always regret letting your friends’ and family’s wishes and fears dictate what you do with the one life you’ve been guaranteed.

And of course, it’s not just your friends’ and family’s opinions you have to be weary of. You need to stop listening to everybody else’s bullshit too. One of the best pieces of advice I’ve ever received from a mentor: The biggest thing that caused my annual income to go from $100k/year to almost $500k/year, is that I truly stopped caring what other people thought. And that doesn’t just apply to business. That applies to everything from relationships and spirituality to health and fitness. When you stop judging your own well-being based on the whims and fears of the masses, it allows you to redefine failure for yourself. When you redefine failure, it allows you to re-evaluate risk. And properly evaluating risks is a pretty big part of being an investor.

Stop watching the news. It’s negative garbage and it will inhibit your mind. It’s the safest time to be alive in history and the media would have you believe it’s more dangerous than it’s ever been. The news doesn’t stay on by reporting things as they are, it stays on by achieving good ratings. They sell panic and fear, and fear is the mind killer. Read a book. Read Think and Grow Rich. Read Rich Dad Poor Dad. Hell, read The Lord of the Rings. Give your mind something it can thrive off of, something it can kick around. Meditate. Get in touch with yourself. That’s what this whole thing is all about. Take care of your body. Work out regularly. If you don’t like lifting weights, take a class. Develop a competitive drive It’s healthy and you’ll need it in the world of business.

Cut back on the red meat and avoid sugar. Fill the void with fruits and vegetables. Your diet, just like anything else, is all about habits (You are what you repeatedly do. Excellence is therefore not an act, but a habit.- Aristotle). If you have bad habits now, it’s about making small, incremental changes over time that will multiply exponentially (Also, read The Compound Effect). Drink as much water as possible (and in that, cut back on the coffee). Water makes up 70% of the earth and 70% of your body. If you’re not drinking enough water, all other points are moot. Your mind, body, soul, and emotions are eternally and invariably connected. You can’t experience true success or health in any one without the success and health of the others. Treat yourself as you deserve to be treated. And while we’re at it, we all have to cut loose every once and a while (it’s good for you), but minimize the beer/wine and herbal supplementation, and for your parents’ sake, try to avoid the hard drugs and liquor. Moderation, not abstinence, is the key to a long healthy life.

Create things. It’s why you’re here. And more than just building a business (not to trivialize the building of a viable business, of course). Pick up an instrument. Paint a picture. Expressing creativity is good for your soul and it works a part of your brain that otherwise may be dormant. In any business (real estate specifically), creativity is an invaluable quality, and you’re not going to just walk off the couch and play with the big boys without dusting off the gene every once and a while. Stop telling yourself other people just have it more than you do. We all have advantages and disadvantages. Successful people are not those who don’t encounter any road blocks, they are those who don’t allow the road blocks to slow them down.

More than anything else (even staying hydrated), treat people well. Nurturing relationships is what life is all about. Gaining the world isn’t worth a damn thing if you lose your own soul in the process. Yes, people will lie to you. Yes, they will screw you over. It is no excuse for you to respond in like kind. The world not being as you would have it be is no reason to compromise your morals, especially in a business where your reputation means SO MUCH. If you act as everybody else acts, you’ll get the results everybody else gets. Karma is a real thing, and a poor business reputation can kill you (figuratively speaking). Remember what Tony Montana said, My word and my balls.

It’s time to decide right now if real estate is going to be a hobby or a business for you. If you treat it like a hobby, you’ll get hobby results. If you treat it like a business, you’ll get business results. Get organized and get systemized. Run your business so that you can easily teach somebody else to run it for you. It doesn’t have to be pretty, but it needs to be fast. There is no free time, you’re either growing or you’re dying. No matter what your business is, there’s always some activity you can be doing when you’re watching TV or passively spending time with family. You have to want it. You have to be hungry. You have to want to eat. Get started today, right now. Whatever you do, the worst thing you could do is go back to a life you’re unsatisfied with (and I suspect you picked up this book for a reason). With that, I leave you with some championship advice from Tony Parker, Eat right, sleep well, and be willing to make sacrifices.

Action Items

At the end of each chapter I’ll list a few action items to help you know where your immediate focus should be, and to help you put together your own personalized step-by-step Get Rich Scheme.

Rich Dad Poor Dad by Robert Kiyosaki

Secrets of the Millionaire Mind by T Harv Eker

Think and Grow Rich by Napoleon Hill

The Compound Effect by Darren Hardy

The 7 Habits of Highly Effective People by Stephen R Covey

The Power of Broke by Daymond John

Chapter 1: Why Real Estate?

At this point you’re probably asking yourself, But why real estate? For starters, I can personally say that real estate has changed my life, and the lives of countless other individuals in my market and across the country. Even on my worst days, I thank God that I don’t have a JOB, and that I have a career path that won’t just bring me wealth, but freedom of time and energy (and time is our only real asset in this world). But to be honest, there are truly any number of avenues in this country and in this world to become wealthy without necessarily having to work 90 hours a week. So why real estate and why now?

Well, we’ve heard that 75% of millionaires attribute 90% of their wealth to real estate (or is it 90% of millionaires attribute 75% of their wealth to real estate?). But statistics being what they are, we know that this might be a slight exaggeration, or at best an over simplification. That being said, even if this statistic is only partially true, it should absolutely gain your attention. The reality is that even if just over half (51%+) of millionaires attribute over half (51%+) of their wealth to real estate, then the majority of the people who have attained the financial success you seek, in the interest of extending their wealth, put the majority of their money into this specific business. What we can infer from that is that by in large, millionaires are experiencing higher, more consistent and foreseeable returns in real estate, than from any other industry.

Perhaps now you’re saying, But I’M not a millionaire, how do you suggest I get into the real estate business? Well, the reality is that despite the fact that real estate is a ceiling-less business (in that there’s no limit to the amount of money you can make a month, a year, or in a lifetime), you can get started with little to no money by wholesaling and bird-dogging. In fact, at the end of the day, even when you’re getting into rehabbing and new construction, you’re mostly going to be using other people’s money. Financing is a HUGE part of real estate. That being said, in all fairness, having money to put into the business can make things much easier to get going, assuming you put it in the right place (marketing).

While real estate is not an easy business, it is a simple business. And though it takes time and persistence to get going, once you have your systems in place, it can run itself. Given that it’s a systems-based business, it’s easily scalable. That means that once you know what you’re doing, it’s easy to expand your business. You figure out how to fill a funnel with good deals, you create a large buyers list, as time goes on you increase your marketing budget and your network grows, and eventually you inevitably begin exploring new venues of real estate profit.

Which brings me to my next point. There are countless ways to make money in real estate:

Bird-dogging: This is where a lot of people try to start, because there’s no financial risk. In bird-dogging, you look to network with cash investors and wholesalers who will offer to pay you $500 or more (sometimes up to $2,500) to bring them real estate investment leads. In general, you won’t do a whole lot of negotiating with the seller when you bird dog, so you have less control of the deal and in turn make less money. It will be up to you and the buyer whether or not you have a contract in place (though, you