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There’s Never Been A KING Without LAND
Why You MUST Invest in Main Street
Michael E. Brown
Copyright © 2012 Michael E. Brown
This book is designed to motivate individuals to learn how and why they should invest in real estate for retirement purposes. It is essential to follow the recommendations for further education and to seek professional guidance to minimize the relative risks associated with real estate investing.
No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form, or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior consent of the publisher.
The Publisher makes no representations or warranties with respect to the accuracy or completeness of the contents of this book and specifically disclaim any implied warranties of merchantability or fitness for a particular purpose. Neither the publisher nor author shall be liable for any loss of profit or any commercial damages.
2013-03-06
Dedication
I want to dedicate this book to my Lord and Savior Jesus Christ. I pray that the wisdom in this text be a blessing to those to read it and that they may pass this knowledge on for generations.
Acknowledgments
I wish to thank my many supporters who have stood by my side and have kept me motivated through my many life lessons. I wish to especially acknowledge my wonderful wife Darlene, my incredible parents Joseph and Barbara, my loving children Brandon and Bailey, and my GREAT friends (the family that God let me select).
Why Real Estate
Why Real Estate?
There is no better opportunity than real estate for the average person to become a millionaire in the United States of America.
The proof? More millionaires in the USA have made their money in real estate than in any other area of business.
Real estate is a needed commodity. People need certain basic things just to survive. Air to breathe, water to drink, food to eat, and shelter to protect them from extreme weather.
Well, you can’t make money selling air. Good luck selling water. Forget about the restaurant business (the number one business to start and fail in the USA).
But real estate is needed by all, in good times and bad. We all need shelter. When times are good, real estate values soar. When times are bad, real estate values may go down — but they never go to zero.
Unlike most Wall Street products, it’s hard if not impossible for real estate to lose all of its value. Even if your house or building burned to the ground and you had no insurance, the land you own would still have value.
Even in bad times people need shelter — so maybe two families share one house. Sounds a bit crazy, but people would rather share a house than sleep in a car or on the ground. Much of the world lives with multiple generations under one roof (key words under and roof).
Any real estate investment, when executed correctly, has the following characteristics:
- Instant equity (an increase in your net worth)
- Positive Cash Flow (monthly income)
- Lower Taxes (IRS rules insure this benefit)
- Deferred Taxes on capital gains (IRS 1031 exchange rules)
- Passive Income (no work just CHECK$ in the Mail)
- Inflation Hedge (rents go up annually)
- Appreciation (Value increases and/or Debt Reduction)
In summary, you should invest in real estate because it is always in demand, it has the best IRS tax treatment, and it can provide you with passive income with minimal effort or time.
There’s Never Been a KING without LAND
Build your own Kingdom!
Simply start with one house and build from there.
Everyone should own at least two homes: The first house they buy as a starter and the house they upgrade to when their family starts to grow.
Keep that starter house as a rental and let the tenants pay it off for you, and I guarantee you that the income it produces during your retirement will be more than your social security check (if you get one. I hear that they’re running out of money).
Real estate investing has been around since the beginning of time. I am certain even cavemen protected their caves. America was founded as a real estate investment. I forget what early Dutch settlers paid for the island of Manhattan (New York City) but that worked out quite well.
As for the rest of the country we traded the Indians casinos for that. (Well, eventually they got their casinos.) During the time of kings and royalty, the common people rented the land where they lived and farmed it for income.
In the USA we had sharecroppers. Now we have Donald Trump and other major real estate players. The good news is there is plenty of room for the little guy. Anyone - I mean everyone — can and should start buying real estate as an investment. I promise that in the future people will still need shelter.
According to the National Real Estate Investors Association:
- Approximately 5.8 million homes are sold in the USA every year.
- 28% of these homes are bought for investment income by local real estate investors, totalling $320 billion in sales every year.
- Approximately $3.2 billion of these are seller-financed transactions.
There are plenty of deals being made every year…
1.64 million deals… every year!
Are you missing the boat?
Do you want to be Rich or Wealthy?
The Sheeple Plan that Wall Street has sold Americans is based on accumulating enough money to live off of the interest and dividends in retirement. If it works, you are said to be Rich!
What most financial advisers sell you is a risky accumulation plan. The investments might fail during this accumulation period, so you don’t become Rich. Instead you end up living with your kids.
If the plan works (and you become Rich) and all goes well, you still lose!
Wall Street considers their Sheeple
