Concrete

By Mike Pritchett

The things real estate agent Mike P., a.k.a. Allen Pritchett, will show you in this book are the new ways of thinking, how to retire at a young age with these concepts, and also how to get multiple flows of income and how important it is. He has made suggestions on ways to make money easier with hard work and persistence. He also shows you why he doesnt use a 401(k) because there are more profitable and safer ways to invest, in his opinion. He will present to you a form of self-education that school doesnt teach. He shows you how he dropped out of school in eleventh grade, made bad choices, got in trouble, yet still was able to retire at the age of thirty-three, only working a day job for seven years of his entire life by using some of the principles in this book. He shows you the worst thing you can do is work for money. Own your own business. Become an entrepreneur.

Real estate agent Mike P. will show you that you can do it too. With a little motivation, persistence, determination, and education, he teaches.

• Language: English
• Publisher: Xlibris US
• Release date: Nov 17, 2017
• ISBN: 9781543453010

Mike Pritchett

Allen Pritchett also known as real estate Mike P. An entrepreneur, real estate investor, he shows people how to get started in real estate and how to grow a business in real estate. He teaches people the importance of getting multiple flows of income to start in real estate. He explains how to expand your thinking and grow as a person to. How to stay motivated and positive through tough times in life and through growing your business. He has bought millions of dollars in real estate that produce positive cashflow and knew how to create multiple flows of income in 7 years when he started broke laying on his mother’s couch.

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Copyright © 2017 by Mike Pritchett.

Library of Congress Control Number:   2017914735

ISBN:      Hardcover      978-1-5434-5299-0

      Softcover      978-1-5434-5300-3

      eBook         978-1-5434-5301-0

All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without permission in writing from the copyright owner.

This is a work of fiction. Names, characters, places and incidents either are the product of the author’s imagination or are used fictitiously, and any resemblance to any actual persons, living or dead, events, or locales is entirely coincidental.

Any people depicted in stock imagery provided by Thinkstock are models, and such images are being used for illustrative purposes only.

Certain stock imagery © Thinkstock.

Rev. date: 11/17/2017

Xlibris

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CONTENTS

How It All Started

All-In

My First Deal

College

Leverage

Creating

High-Paying Jobs

Biggest Lessons I Ever Learned

Know The Market

Most Influential People And Experiences

Talk About Money

Think Big Millions

Your House / Capital Gains

Pay Yourself First

Holding Property Long-Term

College Isn’t The Only Answer

Employees

Four Ms I Live By

Mind

Motivation

Mentality

Money

Multiple Flows Of Income

Story On Gold Or Wisdom

Working Hard Is Not Always The Case

Most Common Formula To Get Rich

Wasting Time

Overperform

Problems Being Opportunities For Me

Why Get My Money Right

Money Problems

The Whys

Depreciating Assets

Integrity And Values

Real Estate

Real Story

Walls

Financial House

Buying The Worst House In The Best Neighborhood

Real Estate Techniques

The Best Income For Me

Simplified Good Cash Flow

Simplified Bad Cash Flow

Live Below Your Means

Do The Math To Get To A Million

Asking The Wrong Questions

What Expenses To Cut

Fun

Loans And Credit Use

Lying To Yourself

Just Because You Can Do Real Estate Doesn’t Mean It’s For You

The Rich Don’t Work For Money

Education In College

My Education

How To Get Rich

Practice

People Know All The Wrong Stuff

I Hate Average

Economy Collapsing

Make Money In Real Estate Using Bank Terms

Real Estate Versus Day Job

Be Grateful

Collecting Rent

Insurance On Property

Maintenance

Maintenance Reserves 20 Percent

Property Income And Expenses For A Single-Family Rental

Selecting Quality Properties

No Financial Planner

Summary—Important Things To Remember

Author Bio

About The Book

HOW IT ALL STARTED

W hen I was growing up in a small town in Michigan I saw how my parents worked so hard and made so little; that sparked my interest to work for myself and live a better life. My mom and dad worked fifty hours a week, and we were still poor. That was the craziest thing for me. We had no lights at times, no water, and very little to eat. My mom worked full-time, and we were still on welfare. At the time I had one brother and one sister. It was three of us my mom had to raise. By the time I turned seven years old, my parents divorced and my dad moved out, so my mom had to raise us as a single mother. My grandmother had to step in and raise us when my mom had to work nights. My grandmother let us live in one of her houses that she and my grandfather had bought over the years, so we did have a place to stay.

My dad came to town once in a great while, so there wasn’t any enforcer around. We all grew up with very little money, so we started figuring out how to get money—started selling drugs and fighting, being involved in gang violence. So we were in and out of jail all the time. As we grew—I think me more than them—we had started making older friends in a bad part of town, and they were in and out of prison doing five to fifteen years at a time. They gave us advice, and we looked up to them because they knew how to hustle to survive. There were a few of our family members who did the same thing—some uncles that had nice cars and many of them from the street too. So, I chose to do it too.

Make no mistake; we didn’t live in Chicago, but all my brothers and cousins that I grew up with since I was ten or eleven came from there and Detroit and down South California, Florida, and really all over. When I tell you I remember looking out my window, seeing a hundred gang members selling drugs, fighting, and shooting, it’s all very sad but true. Years later in my 20’s My brother-in-law (he was like a brother to me; we ran the streets, partied all night, and lived in the same house for years) was shot several times and killed, and he was the roughest dude I ever met, to put it lightly. That was a life-changing experience, seeing him in his casket after just talking to him. I have many guys I grew up with that are locked up for numerous crimes—from murder to theft. Some are doing life in prison, and some are dead. All of these events made me who I am today. I am in a much better place, being a much better me. I made several mistakes along the way. I traveled all over the country to many different states trying to find my way. I failed, but I kept trying, and I kept failing. I went from Vegas to Atlantic City to Chicago to Memphis and many other states. I’ve seen pimps, killers, and gamblers. I never had a job until I was twenty-six years old. Change is possible. That’s when I started to change my life. I came back to Michigan, where my family was at, to get grounded. It was the best thing I did. At times, through life, I wasn’t sure if I was going to live much longer. I had friends who didn’t make it. I had no vision. The only thing I saw every day was the streets. I had family members and friends who were going in and out of prison for all kinds of crimes, and they were the ones with the nice cars when they were free, and they had cash in their pockets. Growing up around that makes that life attractive. With it being a family member, it was close to me, and that made it more real, like I can really do that too. Around 2010, when I was about twenty-five years old, I began to change my life, get a job, and look into real estate. Before that, I was lost in life. I stopped committing crimes in my early twenties, but from twenty-one to twenty-five, I just didn’t know what to do to make money or straighten my life around, so I traveled with the little