The Investor's Blueprint: My Real Estate Processes Unveiled

By Jaime G Avelar

THE INVESTOR'S BLUEPRINT: MY REAL ESTATE PROCESSES UNVEILED

Do you want to know how to build long-term wealth

• Language: English
• Publisher: K & E Data, LLC
• Release date: Oct 31, 2023
• ISBN: 9798218316365

Jaime G Avelar

With a Master of Science in Information Systems from The University of Texas at Arlington and a post-graduate program completion in "Artificial Intelligence and Machine Learning: Business Applications" at the University of Texas McCombs School of Business, my qualifications are rooted in a strong educational background. This foundation provides a solid basis for my work, allowing me to integrate cutting-edge technologies into the business landscape effectively.As a dedicated writer, I've authored numerous articles aimed at simplifying programming and problem-solving, helping individuals grasp complex concepts. I've also achieved financial independence through strategic real estate investment, combining property flipping and long-term rentals. This journey began at 23 when I purchased my first rental property, paving the way to financial freedom.My book details this transformative experience and shares the insights and strategies that led to success in real estate. Beyond my professional endeavors, my family and I share a passion for travel, exploring diverse cultures and creating cherished memories. Each family member has unique interests, from soccer to painting and fashion, enriching our lives and adding depth to our story.In summary, my educational background, technical expertise, and real estate success form the foundation of my professional qualifications, while my family and I embrace diverse passions and adventures that enhance our lives beyond the realm of real estate.

Book preview

INTRODUCTION

Real estate investing is a powerful tool for anyone looking to increase their wealth. I have been investing in real estate for over 20 years and have seen firsthand the incredible success that can be achieved when you understand the trade secrets. In my two decades of experience, I have bought and sold hundreds of properties in the Dallas-Fort Worth, TX, area, using other people's money most of the time, and have devised formulas to analyze properties. I have also discovered the secrets of buying pre-foreclosures at auction and have learned from mentors who have helped me become an expert in the field.

I have used the knowledge I have gained over the years to help others achieve the same success. I have coached and mentored many people on how to use real estate investing as a tool to accelerate their wealth. I have taught them the same techniques I used to build my success. Real estate investing is not easy, but it can be a very rewarding and lucrative endeavor with the proper guidance and knowledge. In this book, I will share the secrets I have discovered over the years that have helped me become a successful real estate investor.

I will teach you how to use other people's money to purchase properties, calculate purchase prices, buy pre-foreclosures at auction, and use mentors to help you become a successful real estate investor in your area. I will also share with you the techniques I have used to coach and mentor others on using real estate investing to accelerate their wealth. By the end of this book, you will have the knowledge and skills necessary to become a successful real estate investor. So, if you are ready to take your wealth to the next level, this book is for you.

Let me tell you what this book is not about and what it is about. Tom, one of my clients, contacted me because he wanted to buy more properties. He was not having much luck buying from the MLS (Multiple Listing Service - a private offer of cooperation and compensation by listing brokers to other real estate brokers) and needed to accelerate his results. He joined my coaching program, and in a few months, he bought and sold a few properties and kept some as rentals. This is what this book is about; this book will take you on a journey on how to prepare the right way to buy pre-foreclosure properties. This book is not about getting rich overnight investing in real estate, but it can make you wealthy quickly if you do the work and follow the steps to buy properties at pre-foreclosure auctions. Don't go into this book thinking this is a cool and easy way to make money without putting in the time and effort. Go into this book to understand how to apply my strategies to buying real estate to flip or keep as rentals.

Ever since I can remember, I’ve always been looking for a way to make money without working too hard. I would tell people around me that one day, I would figure out how to make money even while I slept. I knew a lot of people who worked hard but still didn't become wealthy, so I figured there had to be something more to becoming rich. For some people, becoming rich means having a large bank account with plenty of money to spend on whatever they want. For others, it means having a steady job that pays well and allows them to live comfortably. Still, others may view wealth as having a successful career, owning a business, or having a large portfolio of investments. Whatever being rich means to you, becoming wealthy is a goal most people strive for.

Being wealthy comes with benefits. It gives you more time to spend on yourself or your family. It lets you choose who and where you want to spend your time. Financial freedom is the ability to live without worrying about money and to have enough money to cover all of one's expenses while still having money left over for leisure activities. Most people want to achieve this goal using their hard-earned income, which is one of the most challenging paths to becoming wealthy. Instead of focusing on earned income, we need to focus on passive income, as it is the fastest way to gaining financial independence. Ultimately, the result should be the same: not having to worry about money and living the life of your dreams.

Financial freedom is more personal since everyone has different goals to achieve. To start thinking about the person you want to become in the future, you should clearly define your short- and longterm financial goals and read them out loud daily. Many books discuss how to define your goals, and one of the books that got me thinking about my future was Think and Grow Rich. Think and Grow Rich is a book by Napoleon Hill that explains how important it is to define your goals. I remember the day I created my goal after reading the book. I was clear on how much money I wanted to make, and I was also clear on the date I wanted to achieve my goal. Once you create it, you must read it daily. Listen carefully to your words as you read them, and imagine how it will feel once you achieve them. Then, close your eyes if you're not driving, and see yourself already enjoying financial freedom.

Over the years, I've seen successful real estate investors with different education levels. I've seen uneducated investors become wealthy in real estate, similar to those with college degrees. Having said that, I believe a good education is beneficial because it gives us an advantage in many ways. In real estate, we solve problems daily, and education prepares us for critical thinking and how to solve problems quickly, systematically, and efficiently. Education comes not only from college institutions but in many other ways, such as from books or mentors. One thing is clear: you need to invest in yourself to develop your skills and use those skills to achieve your goals.

If you’re a professional in the corporate world, think about where this job has taken you. What has happened in the last five years that has brought you to the next level? If the answer is nothing, you must act now to change your situation. The 3% raise I got every year was laughable because inflation was rising faster than my salary, so I became poorer yearly. I didn’t want to live the rest of my life just waiting for a small raise, so I decided to change my situation.

If you're in your college years, then it's a good time to stop and research the types of salaries you can expect to make once you graduate. If you're unhappy with the results, stop and think about switching careers. You don't want to choose a job that will pay you less than you expect, since that will slow down your progress toward financial freedom. Choosing a career that will provide a good income can shorten the time it takes to achieve financial freedom. Your only source of income will not be the one you earn through your job, but it will help throughout your journey.

If you're in high school, it's a perfect time to think wisely about where you'll attend college. You don't have to attend the most expensive university to reach financial freedom; on the other hand, you may be in high debt when you graduate if you're not careful. When you go to the doctor, most of us don't ask them where they went to school; we're more concerned about how well they treat their patients, and we ask for recommendations from friends and family in addition to checking reviews.

Getting a good education is essential, but again be careful not to accumulate thousands of dollars of debt just because you want to get a degree from a well-known university. Earning a degree will speed you up toward your primary goal, which is to start saving money to invest in real estate to eventually achieve financial freedom. Most investors work temporarily in the corporate world while they build up their real estate businesses and then work for themselves when they bring in enough passive income.

The job market has been changing, and this is no longer a time when you can work for a company all your life and retire with a pension. Today, people are beginning to realize that staying with a company long-term is not in their best interest. Most people will work for an average of five years in their positions before looking to move on to another role or a completely different company. You could plan to leave the corporate world using real estate in less than five years. I'm going to show you examples of how you can accomplish this. These examples are nothing new; you'll realize how simple they are.

CHAPTER 1

BREAKING FREE

OVERCOMING FEAR AND EMBRACING SUCCESS

In real estate, fear often holds the key to opportunity. Embrace it, conquer it, and success will follow. -Unknown

MY EXIT

Our department got called to a mandatory meeting by our manager. Unfortunately, he didn't have slides or anything to show the team, so everyone was quiet and patiently waiting for him to start speaking. He was not smiling and had a serious look on his face, somewhat disappointed. His first words came from his mouth: I no longer have a job; our department will be eliminated in the coming months, and just like you, I will have to look for another job, he said.

As he continued, he said some of our jobs were available in a different state or another country. Then he said he could help us move to France if some of us were interested. As you can guess, everyone was quiet with a blank stare; obviously, no one wanted to move to France. I was listening and thinking the time had finally arrived; this is what I'd been preparing for since the first time I witnessed a layoff. I looked around at my teammates; they were quiet, just like everyone else processing the bad news. As I was looking around, I thought that if there were other real estate investors like me, they would be smiling and optimistic about what would happen next in our lives. But I was the only one, so I didn't know how to express my feelings at that moment. Finally, I smiled at my colleague next to me and said, It's time. I decided to stick around, get my severance package, and focus on my primary goal: to continue buying rental properties and grow my wealth.

In the past few years, before the layoff, I wondered if I should stop working for someone else and focus on building my rental property portfolio. I was somewhat afraid of what was coming next, though I wasn't new to significant life changes; I had been here before. My life has not been easy; I've had many challenges. I know we all have challenges, some bigger than others, but the point is that I've been through tough times just like you.

My primary language is Spanish, and I had to learn English quickly when my family moved to the USA. We lived in a small rental house and shared a sofa bed with my siblings before my parents bought their first home, which was still small for our family but bigger than we had before. I was in ESL classes in elementary school, and luckily, I picked up English very fast, and a year later, I spoke basic English. I learned many valuable lessons as I was growing up. I remember mowing our neighbor's lawns with my brother when I was 11 or 12 to make money and buy Nintendo games or upgrade our bicycles. Then, at 13, I got a part-time job at a factory where my mother worked. Unfortunately, the regional manager saw me and said I couldn't go anymore because I was too young, but I made a few bucks that summer.

Although business was always on my mind, I got an associate's degree in computer engineering after graduating from high school. During this time, many people didn't have personal computers at home. So, I saw the opportunity to build computers, load them with the latest software, and sell them for profit. I sold many computers to family and friends. Towards the end of this business, I was not building the computers anymore; I would buy them from other people and resell them for profit. Surprisingly, this was a similar business model to flipping houses. At the age of 18, I got hired by a telecommunications company as a telecommunications test technician. I continued my education while working full-time and received a Master of Science in Information Systems (MSIS) from the University of Texas at Arlington.

The time came for our department manager to schedule meetings for the first wave of layoffs. Our manager would call each employee individually to her office and tell them if their position was safe or eliminated. In the first two rounds, my position was safe. The company had announced that it was also changing locations to a brand new building not too far from where we were. Thinking back about it, I never imagined myself going there. I knew my position would be eliminated if I didn't move to another department, so I just waited. After that second round of layoffs, I started cleaning up my cubicle. I didn't have much there—just a few notepads, a few pens, and a laptop that belonged to the company. I never used my company laptop for personal business, so I didn't have to back up anything. I was ready to exit.

Finally, my manager called, and she said to meet her in the conference room. As I was walking over there, I knew I would hear that my position had been eliminated. I was a little nervous but also excited and optimistic about what was coming next. When I walked in, she looked at me and said my position had been eliminated, even though I'd been