So, far I have begun to take notes on the first chapters of Dean's book. I set a goal to earn $60,000 dollars by the middle of February. I have a loft that I want to rent in Downtown Kansas City. I just need to figure out a strategy I can use to earn that amount of money. I know wholesaling would be a good strategy to use, but I don't think that it would achieve my goal. I could use that strategy to pay my rent and expenses on a monthly basis and build up some money to put down on some properties. However, I still want to find out if I can do lease options without any stated income. There is no way a bank will give me the deed to a mortgage. I need to find out if I can still do lease options without having stated income. I know its possible, but what do I need to do to make it possible? Also, How much money could I pocket on a lease option deal as compared to a wholesale deal?
I set my goal to move into my Kansas City loft, so I need a strategy that I could work on a full-time basis to earn at least $3,000 dollars per month starting out to cover expenses and begin reinvesting money into my business. I know its a challenge, but I am willing to devote 50-60hrs. a week to make it happen until I can start purchasing properties that cashflow. But heck I might be able to earn cash on lease options and still find a way to earn a passive income. I don't know.
If somebody could help me figure out a strategy, I would be grateful. I don't particularly want to here someones perspective on whats not possible. If thats the case then I don't want the feedback. However, if someone could help guide me by telling me how to reach my goals without stated income, I am all ears. I know its going to be hard work which is why I want to do it full time, so I'm sure its possible. I also have good credit and a stomach for risk, so I am not backing down from a challenge.
Brian Powell Jr.
What's money? A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do. - Bob Dylan, 1941-?
Risk! Risk anything! Care no more for the opinions of others, for those voices. Do the hardest thing on earth for you. Act for yourself. Face the truth. - Katherine Mansfield, 1888-1923