Stories of successul real estate investors

By Rafael Blanco

Everyday tales of tremendous triumphs surround us, showcasing the lives of extraordinary real estate entrepreneurs and the vast fortunes they've amassed through astute investments. But what about the unsung heroes among us? Everyday individuals like yourself and me, who have painstakingly acquired properties over time, driven by the relentless pursuit of financial freedom and early retirement.

Within the captivating chapters of this book, you'll be captivated by an awe-inspiring compilation of narratives featuring ordinary people who have set out on their wealth-building journey in this booming sector. By immersing yourself in the strategic insights of these accomplished property owners, you'll be empowered to invest with unwavering confidence and enhanced security.

If you've ever questioned the potential of such investments, prepare to be inspired by individuals who rose from humble beginnings—unaided by bank credit or savings accounts, some even navigating the trials of unemployment. Today, through a series of serendipitous events, they possess a wealth and prosperity they once deemed beyond imagination.

Indulge in the enchantment of passive income that not only enriches your life but also nurtures your financial well-being. Gain wisdom from those who have walked the path before you and embark upon your own remarkable journey.

• Language: English
• Publisher: Rafael Blanco
• Release date: May 29, 2023
• ISBN: 9798223827498

Book preview

What will you find inside?

How I bought two multifamily properties with leverage

My first overseas apartment without bank credit

From immigrants to real estate retirees

Over a dozen apartments in two years

I'm part of the FIRE movement

Being a cleaning employee, I managed to buy properties without a bank loan

I'm 26 years old and already retired :)

My job as a cashier bought me 9 properties

Without credit or money, but with four properties

I retired with the beds from the properties

I changed the tips for rents

From real estate agent to entrepreneur

I worked and as a child, I bought a piece of land

From being broke to becoming the owner of real estate properties.

I managed to become the owner of multiple properties without credit or money

With rental income, I retired.

Divide and you shall rent

Property on interest-free credit

I had everything against me to achieve what I did

Building a real estate empire while keeping my job

Becoming an investor thanks to the owner

I was fired and acquired three properties

First, I bought a motorcycle, and then a building

Retired immigrant with 20 properties

One apartment per month while keeping my job

Conclusion

How I bought two multifamily properties with leverage

Hello, my name is Fernanda , and I want to share with you how I achieved this personal success story. I hope it serves as inspiration. I don't consider myself exceptional, nor do I have formal education. However, with a change in mindset, proper education, and focused commitment, you can accomplish anything.

I work in agriculture, and it all started after a good streak of harvests. Over the course of a year, I was able to save around $10,000 USD. Instead of keeping it in the bank, I had the idea of buying a property to live in. By chance or fate, when I was talking to a friend of mine, he mentioned that he wanted to sell an office building. After several years of managing it, he was tired of dealing with tenants. The selling price was $30,000 USD, but because of our friendship, we negotiated it down to $20,000 USD.

With the number in mind and a determined step, I went to the bank. Fortunately, after reviewing my bank statements and credit situation, they didn't hesitate to grant me the 15-year loan I needed.

Once I had written approval from the bank, I spoke with the tenants and thoroughly inspected the facilities to see if any repairs or cosmetic changes were needed. Since there were no structural damages in the building, this also helped me calculate additional expenses that I would have to add to the monthly mortgage payment.

So, without further ado, I started managing the property. Most of my tenants were self-employed professionals, so fortunately, there were no issues with them regarding the new rental rates I had to charge from that point on.

I continued working in farming, closely monitoring my finances. Now that I had the biggest financial commitment I had ever made, I managed and safeguarded every cent I earned. I didn't want to fall behind on mortgage payments, but I also didn't want to neglect my other personal commitments to my family.

As a single mother, being the head of the family and having invested in a property only increased my responsibility and commitment to fulfill it.

Things continued to be normal and peaceful with the new acquisition. After a few years, I found out that the owner of a nearby estate was selling it. I requested a meeting with him to learn about its condition and the price he was asking for.

When I walked through the door, I was even more amazed. I knew its location was good, but seeing it from the inside, I realized it was a huge 500m2 estate with spacious and well-distributed interiors. Perhaps it just needed a fresh coat of paint to bring more brightness to the property. The owner told me he was selling it due to the distribution of his inheritance to his children while he was still alive. He wanted to sell it to proportionally divide his assets among his heirs. He mentioned that the price he was asking for was around $80,000 USD.

Once again, with high spirits and hoping for the best, I went to the bank to inquire about purchasing that property. By then, I had half of the first property covered, so I thought I had a better chance of being approved for a new loan. When I explained my case to the bank manager, he informed me that due to the punctuality of my payments and my stable credit history, I could use the first office building as collateral to make the second acquisition I eagerly desired. However, it required an additional and mandatory down payment.

Over time, I gradually renovated the spaces in the estate. Within a year, I transformed it into a property that I rented out to tourists passing through. From the ground floor with a swimming pool to the beautiful