3. What is Thinkademy?
We’re a technology-driven education company that’s
helping people build wealth through real estate
investing.
Simply put, we’re building an educational platform for
investors.
4. Financial Vulnerability of Americans
Almost 40% of individuals in the United States either could
not or probably could not come up with even $2000 if an
unexpected need arose.
5. Financial Vulnerability of Americans
Almost 60% of individuals in the United States did not have
three months of emergency funds that they could access to
cover an emergency.
14. My “why” is to be able to spend
more time with my family
15. THIS IS FOR 2 TYPES OF REALTORS
Realtors looking to supplement their
income investing in profitable real estate
deals
Realtors looking to earn more
commissions by understanding and
working with investors
21. CHOOSING A NICHE
Investment Vehicles
Single-family homes
Duplex/Triplex/Quads
Apartments
Commercial
Tax Liens
Notes
Raw Land
Strategies
Flip
Rehab
Buy & Hold
Wholesale
22. MY START AS A REALTOR
Got my license at 18, but didn’t start until
after college
Started straight out of college and
didn’t know a thing
Quickly realized that maybe this
wasn’t my calling
23. SWITCHING GEARS
I was lacking the passion to work with buyers
or sellers
I felt I was working too hard with too many
clients but not making enough money
Heard a lot about folks investing
in real estate
27. MY TRANSITION FROM
REALTOR TO INVESTOR
Bought 3 condos and
flipped them for $100k
net profit
First one was $30k
(equivalent to 6 closings
in my market)
I was hooked and I was
in control
28. WILLING TO TAKE THE RISK
TO MAKE THE MONEY
I was young and had nothing to lose.
Didn’t give my realtor career a fair chance.
You’re in a better position right now than I was
then. (Being a realtor and having the opportunity to
learn about investing.)
29. THE MATH & THE MONEY
First house I flipped, resulted in a net profit of $30k and
only required 10 hours of my time. I made $3,000.00 per
hour!
As a Realtor, each deal I would make about $5k in
commissions (My split was 70% of a 2.5% Commission from
a $300k home sale).
It took me about 32 hours to close a deal with a buyer after
showing 10+ properties.
30. THE MATH & THE MONEY
I would have to show 60+ houses to close 6 houses in
order to make the same money. Which meant I was
working 192 Hours to make $30k = $156.25 per hour
Decided to make $3,000.00 per hour instead of
$156.25 per hour
34. DEAL 3: SHORT SALE
New Brunswick, NJ 08901
Closing Date: September 2008
Short Sale Purchase: $175,000
Re-Sale: $330,000
PROFIT:
$155,000 (20 Hours)
Buyer’s Realtor Commission:
$8,250.00 (32 Hours)
40. RICH VS. WEALTH
MONEY VS. TIME
As an investor I would become rich
As an investor I would obtain money
As a business owner I would create wealth
As a business owner I would get my time & freedom
TIME is EVERYTHING
42. THE ENTREPRENEUR’S LAW:
SELF-FULFILLING PROPHECY
You must seek Knowledge.
Knowledge will then attract Tools.
Tools will then create Systems.
Systems will always control Marketing.
Marketing will always drive Profits.
Profits will then support a Business.
Your Business will then set you Free
43. THE BIG PICTURE
INVESTING EVOLUTION
Start out as a wholesaler to gain
experience and make ends meet.
Start rehabbing to make large sums
of money
Reinvest profits in Rental profits to to
make residual income and gain
ownership of your time and
freedom.
50. LAW OF THE VITAL FEW (80-20 RULE)
1. Cut out people from your business that are indecisive and
waste your time
2. Investors can be 20% of your network that make up 80% of
your business.
3. Double end more deals and get the listing back when
homes are renovated
4. Spend less time hand holding.
5. Get more buyer and seller leads.
51. WAY TO AN INVESTORS HEART IS
THROUGH HIS WALLET
1. MACO = 70% ARV - REPAIRS
2. No Anomalies
3. 30% Cash on Cash for Rehabs
4. 17% Cap Rate for Rentals
5. Areas of Expertise
52. LUXURY SHORT SALE DEAL
Somerset, NJ 08873 $50,000.00 Commission Earned
53. Thanks for joining!
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thinkademy.net/rei-immersive/
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