| Andrew Newberry is a distant family friend that | | | | His first purchase was a car in cute condition, but |
| knew about my business acumen. He knew how I | | | | unwanted by the owner because they had just |
| had been in his position only 24 months previously | | | | bought a better car. He got it for a small amount and |
| and had heard about the new life I was leading with | | | | cleaned it well and sold it quickly for a good 300% |
| the wealth I had generated. I could hear the earnest | | | | profit. He went from there.Get your calculator out |
| desperation in his voice, when he asked me "how'd | | | | and see how he did it, how he evolved his money |
| you do it Jack"? His question was open and sincere. | | | | without a hitch. Start with 1000 then multiply by "1.3" |
| In my eye's he was at a point where there was only | | | | which is the same as 30% Don't press equals, just hit |
| one direction for his life to go...up.Andrew needed to | | | | "1.3" and multiply symbol again. Do that 19 |
| make money fast. His family were in danger of losing | | | | times.When Andrew sold his last auto deal, he was |
| the roof over their heads and although Andrew | | | | ready to get involved in Real Estate. With $12,000 it |
| worked a fulltime job, there were difficulties that | | | | wasn't much but it was enough to start applying the |
| created this current crisis.He couldn't understand how | | | | same principles with Real Estate. This is where his |
| I had done so much considering my humble beginings, | | | | compounding really escalated.It escalated, because |
| while he had worked at his current job for over 10 | | | | now he was using leverage....borrowed money. He |
| years and was saddled with the difficulties he was | | | | called me on the day he was ready to start |
| currently experiencing. He told me he had no money | | | | compounding with Real Estate with another problem. |
| to invest or anything like that, but could I advise him | | | | As I advised him "get into Real Estate Andrew as |
| on what if anything was possible.This was my | | | | quickly as you can, around the $10,000 mark its time |
| response to him.You see, what he was asking me | | | | to get into that game"He had a problem. The houses |
| specifically was, "how do I make money with little or | | | | in his area were dear, he couldn't see how having |
| no investment." My mind ignored his emotional pain | | | | $12,000 was enough to get involved.I advised him |
| and focused on his reality.Talking about Real Estate | | | | that he should forget about houses until he had at |
| investment or anything that needed a capital injection | | | | least $40,000 He should focus on raw land. Raw |
| was futile for Andrew, he needed to hear something | | | | blocks are cheap and easily re-zoned into a higher |
| different. This is what I told him to do, step by step. | | | | purpose. With just a small investment at the local |
| I told him that if he followed these two steps, he | | | | town planning department he could re-zone a |
| would have $100,000 within 12 months. He did it in | | | | residential into a commercial or the other way around |
| 6.Step one, get a little money.Not much needed, a | | | | where appropriate. Its called a "soft" or "paper" |
| few hundred dollars would do, but he has to find | | | | rennovation. No painting, no work, just a few simple |
| something as a seed capital account. I gave him | | | | forms and a fee to pay.Creating a new use is just |
| several ideas based on opportunity-investment that | | | | one way to add value to raw land, there are many |
| seemed too obvious to him and he fought me on it | | | | others. Andrew researched and discovered them all. |
| until he made it work. It took some doing to convert | | | | He stuck with land after all was said and done. He |
| him, but he finally gave in to creating value from | | | | discovered buying a large block and subdividing it was |
| objects that he currently owns, that he doesn't want | | | | very profitable. The second deal he did, he bought a |
| or need. More detail about this can be uncovered if | | | | block of over an acre, surrounded by established |
| you follow my link below.Step two, Go ShoppingI | | | | homes for $300,000 (with a bank loan) It was a |
| explained to Andrew the mechanism behind my | | | | corner block and he split it into three handsome sized |
| success. Compounding, intrinsic value, leverage, rapid | | | | blocks, tailored to the upper market. The first two |
| capital gains, pyramiding profits. I then asked him to | | | | blocks paid out his loan and put profits in his pocket, |
| compound the money he made ($1000 dollars) by | | | | the last block he used as collateral for another bank |
| 30% 19 times. In other words, I told him to find 19 | | | | loan where he built his own beautiful mansion on.He |
| investment-objects that were for sale that he could | | | | sold it for a final profit of $354,000That was about 6 |
| buy, that had at least 30% or more spare intrinsic | | | | months after our little chat on that cold evening.To |
| value.Intrinsic value is everywhere. Whether you are | | | | your health and rapid success.Jack Reynolds was a |
| buying New York sky scrapers of marble pool tables | | | | broke Insurance salesman only 2 years ago, today he |
| or Bertram boats, every market has a percentage of | | | | owns assets valued at several million dollars. What did |
| sellers offering their goods at well below market | | | | he do in 24 short months? You can read about Jack's |
| value.Andrew started with old cars because he was a | | | | remarkable and rapid transformation and download |
| mechanic and now he had a game plan he was going | | | | Hayden's famous book "The Million Dollar Mentor" by |
| to compound his money with his existing skill set. He | | | | clicking here. |
| traded up and up until he had $12,000 in six weeks. | | | | |