Masonry Magazine October 2012 Page. 41
Building Wealth Through Real Estate
My first investment was small. I put $5,000 down and bought a residential duplex in the low-income part of town. I fixed it up myself and then raised the rent. This allowed me to get a higher appraised value than what I had purchased the property for. I refinanced it and got a new loan, which generated extra cash. With this, I purchased another duplex and did it again. A year later, I sold these two properties and bought a 16-unit apartment. Following my proven formula, I fixed it up, raised the rents and then refinanced it. This, again, generated cash for me to reinvest into other assets.
A small start in low-cost residential real estate will allow you to build wealth and start buying, investing and developing more assets. When you have a few wealth building properties, you start looking at your business differently. You change your priorities and stop working so many hours building projects for others, and start working on building for your future as well. Getting started is the key. Don't wait until it's too late. It's never the perfect time. Make it your goal to seek one wealth-building asset within the next three to six months. IMAS
George Hedley is a licensed professional business coach, popular professional speaker and best-selling author of "Get Your Business to Work!" and "The Business Success Blueprint For Contractors," available at his online bookstore. He works with business owners to build profitable growing companies. Email gh@hardhatpresentations.com to request your free copy of "Winning Ways To Win More Work!" or sign up for his free monthly e-newsletter. To hire George to speak, be part of his ongoing BIZCOACH program, or join one of his ongoing Roundtable Peer BIZGROUPS, call 800-851-8553, or visit www.HardhatPresentations.com.
George Hedley, HARDHAT Presentations
XTEND
Masonry Estimating Software
Produce detailed estimates in minutes. Pick an item from the material list enter a length and a height. That's it. Once entered take-off items can be edited at any time.
Some of the features and benefits are:
* Use any version of Windows
* Use your present system
* Calculate walls, piers, opens.
* Pre-configured material List
* Pre-configured wage rates
* Pre-configured work crews
* Produce material list
* Estimate analysis
* Profit and Loss Statements
* Job completion schedule
Go to the web page to experiment with and view a sample estimate. Download a Free 30 Day Trial No C.C. or Personal information
www.Xtendestimating.com
READER SERVICE #299
Customize TotalFlash for any project. Specify 5 ft. panels or 50 ft. rolls and materials.
Made to fit your project needs:
* 4 Membrane materials
* 2 Termination Bar choices
* 6 Drip Edge choices
* 2 Sealants & Adhesives
* 14" Full Height Molded Corner Boots & End Dams