Income for Life

Good advice amid bad news

The Yahoo! finance home page today at one point listed all of the following headlines all at the same time:

"Dow Drops 300 Amid economice Worries"

"Consumer Spending Stalls in January"

"Dollar Falls Again; Euro Zone Divided"

"AIG Shares Slip on 4Q Loss"

"GM Shutters 3 More Plants Due to Strike"

Yet on another day full of bad news, further down on the page was an encouraging headline begging to be clicked on: "Use a Sluggish Economy to Your Advantage"

Now I don't know if you're a regular visitor to Yahoo! Finance, but articles like these most often feature fluff such as "Use coupons at the grocery store," or "Don't withdraw from your 401K" or "Don't use your credit card." But today's article was refreshing. It listed six practical, useful strategies to improve your financial situation in a recession or near recession or whatever the experts are saying we're in. And guess what? The first three of the six "use-to-your-advantage" strategies were real estate-related.

The three pieces of advice all pertained to the current market.

1. Call the shots when buying a house

2. Buy a distressed property

3. Borrow cheap

It's ironic that the real estate slump is largely blamed for the economic issues that prompted the above bad news headlines, yet at the same time it's looked at as a way to capitalize on a sluggish economy. The author is confident in the advice because he knows what we all basically know: Real estate right now is an undervalued asset that is almost certain to appreciate. If it were a stock, it would be rated a "strong buy" in most parts of the country. Yet most of what we read or hear in the media is "Don't buy real estate!" It's borderline irresponsible.

Think about this (and Rob touches on it in his post below): Who is likely to come out ahead -- the person who bought his or her home at the peak of the boom, when NOBODY was afraid to buy real estate, or the person who buys it right now, when EVERYBODY seems to be afraid? Public sentiment -- and the rah-rah of the media during the boom and it's fear-mongering during the slump -- are keeping people from making what could be the best investment of their lives.

The wealthiest people in history have acted while others stood idly by, afraid. And those who act while others stand idly by during this sluggish economic time will prosper.

Mike Sivula
Income for Life, Cleveland
QuitWorkCleveland.com

Can I lose money investing in real estate?

Lately, we have been getting this question over and over again. It's funny, back when the real estate market was jamming here in the States, the question rarely came up. The answer is:

YES - You can lose money investing in real estate.

Guess what?

You can also lose money investing in the stocks, bonds, mutual funds, commodities, money market accounts, and just about every other investment available. ALL investments carry some degree of risk. You must accept some degree of risk to make more money. Risk is unavoidable.

Now, if you don't care about making your money work hard to create more money, then lock your money in a safe and put it under your bed.  By locking your money in a safe, you will avoid investment risk. However, you still have risk of loss through theft or fire.

The point being that we can't completely eliminate financial risk. It is here to stay. What we can do is look for appropriate risk & reward investments. The higher the financial risk, the larger the financial reward.

Back to real estate...

Fluctuating home prices create excellent profit opportunities for real estate investors. In today's real estate market, we are able to find many undervalued properties. This wasn't the case a year or two ago. In addition, many home sellers have become motivated to sell. This motivation to sell has actually increased because of the competition from other sellers. Right now, we have an over supply of homes on the market. Sellers are competing with each other to sell their homes to a smaller pool of buyers. This means we are able to negotiate more favorable terms for our Income for Life members.

In fact, many of our members are using this fluctuating market as an opportunity to lock in massive wealth. Our 'action oriented' members are buying undervalued properties and using Rent to Own Programs locking in tenant/buyers for a purchase two to three years down the road, when home prices rebound. We probably won't see a tremendous buying opportunity like this for many years to come. (See the chart below.)

Our Income for Life investment strategy protects our members from selling their investment properties at a loss. We use a specific Rent to Own strategy that sets a future buyout price with your tenant/buyer. If your investment property’s value doesn’t reach your tenant’s buyout price, you are not obligated to sell. Our members are in complete control of the profit on their homes at all times. In other words, you can't lose money if you don't actually sell the home. This isn't the case for speculators and flippers. They are forced to sell their properties to pay off their lines of credit. We aren't.

Interest rates remain extremely low. Our members are able to lock in low fixed-rate mortgages making their properties more profitable on a month to month basis.

With the recent sub-prime mortgage meltdown, there has been a dramatic increase in demand for Rent to Own homes. The need for affordable housing has not changed. Only the financing has changed. Many of the buyers who previously bought homes with sub-prime mortgages are now looking for Rent to Own homes. This increase in demand has led to higher monthly rental rates for our members.

Now, I'm not the smartest person in the world, but it seems to me that the stars have lined themselves up for real estate investors here in the States...

1. Undervalued properties

2. Motivated sellers

3. Low interest rates

4. Increase in demand for rental homes

This is like getting your cake and eating it too.

Yes, you can lose money investing in real estate. However, considering the current situation in our market, the risk of loss has actually decreased. The problem is most people don't see it this way.

Here is a snapshot of new housing starts in the States dating back to 1976, which was forwarded to me by member, Dave Berrow. Thanks Dave!

Click on the photo to enlarge

This chart is very interesting. There are several things for us to study. Here are a few items for you to consider:

1. From 1976 through 2008, the market is accelerating for the majority of years.

2. When the market declines, like it is now, the decline typically lasts 2 to 3 years in length.

3. Based upon trends over time, the market is projected to rebound this year.

4. The downturns in the real estate market typically occur every 10 years. Once the market rebounds, we won't see another buying opportunity like this one for a decade.

Now, this projected rebound isn't guaranteed. Nothing in life is. However, if history repeats itself, as it usually does, the market will rebound in the very near future. Opportunity is knocking on your door right now. Are you answering it?

We are.

In 2007 alone, a few of the wealth coaches on my team and I acquired 28 properties totaling $3,540,000. We are buying as much real estate as we can get our hands on. You should be too.

One final thought - You can also make a hell of a lot of money investing in real estate. Especially right now! Unfortunately, the newspapers and media aren't saying so.

Rob Minton

The Velocity of Money - PART 4

This post is the 4th and final installment on a series of posts titled "The Velocity of Money." It might be helpful to read Part One, Part Two and Part Three before reading this post.

Another option would be to invest your real estate profits into your own IRA, stocks, mutual funds and/or bonds. I think the average return in the Stock Market (S&P Index) for the last 25 years is around 10 percent. If you have credit card debt at a higher interest rate, you are better off paying down your debt. I am not a stock picker and don’t own any stocks myself. I don’t think I would put much money into the stock market because of the lack of control. There are many other options providing a better overall return. However, this may not be the same for you.

You could invest your profits into starting your own business or investing into someone else’s business. Now, this is a very risky option. Everyone knows the failure rate of new businesses. Only around 4 percent of all businesses ever surpass a million dollars in revenue. However, a small business without much overhead could be good option for you. If you plan on taking this route, please learn marketing and sales skills. If you aren’t willing to learn these skills, don’t start your own business. You won’t make it. Sorry for the tough love, but you will thank me later.

One word of caution when discussing where to invest your house money. Make sure that you don’t cut down your money tree. For example, when one of my tenants bought out one of my rent to own homes. I got a check for $24,000.  (I didn’t use a 1031 exchange on this sale and actually received the money. This means I owe taxes on my gain.)

The $24,000 received was 100% house money.

The key to investing is to not take your money out of the game. If I were to take the entire $24,000 and pay off debt or setup an emergency fund, I would be taking all of the house money out of the game. The house money would completely disappear. At a minimum, I would recommend that you invest at least half of the money back into more real estate. In this example, you could take $12,000 and use to pay off debt, start business or setup an emergency account. However, $12,000 MUST go back into real estate. Real estate is the goose that lays golden eggs. Don’t kill the goose.

I know that my way is the hard way. It is a lot easier just to make contributions into your company 401(k) plan and not think about it. Let’s face it, you don’t have to go look at homes. You don’t have to show your properties. You don’t have to go through any evictions. But you do have to work until your 65. You more than likely won’t be able to live the life you really want in retirement.

Applying the Velocity of Money to my investments has increased my net worth by significant amounts within a very short period of time. I would have to think it would do the same for you. Where will your net worth be in 2012 if you apply the Velocity of Money to your investments?

Rob Minton

P.S. One last final reminder on special IFL Tuesday Conference call series. You can join the call for free simply by dialing 1-212-461-8613 at 8 PM on Tuesday evening. In this free conference call series we interview various Income for Life Members about their real estate investing experiences and lessons learned. These calls are priceless, don't miss out!

P.S.S. The goose photo is by Starrlett

Tuesday's Income for Life Conference Call

Tomorrow night at 8 PM, Matt Shreves with Income for Life in St. Louis, will be interviewing Dan Ludwig and Paul Horrell. Dan and Paul were voted the 2007 Members of the Year in St. Louis. This will be a very special conference call!

You can access this call for free by dialing 1-212-461-8613 at 8 PM on Tuesday night. You don't need to register for this special Income for Life conference call. Simply dial in and listen from the comfort of your living room! We only have 220 conference lines reserved for this call. Please call early to make sure you get one of the lines!

Dan and Paul will share their Income for Life investing experiences during this special call. You'll hear what their best investment was and why. Plus, you'll even hear what their worst investment was and why. Don't miss this insider information!

Rob Minton                        

P.S. If you're not an Income for Life Member, you can apply for membership on-line at http://www.IFLApplication.com. Membership is only $29.95 per month. You can cancel anytime. Membership applications are reviewed and accepted on a first come, first served basis!

Don't Read This. Procrastinate.

Image Kougar

You know it's always amazing how many excuses we all come up with for putting this off.

I'm too busy.  I don't have all the answers yet, "still researching".  Ah, the money I need never seems to materialize.  I heard that there's a better way to do it.  The guest on Larry King last night said I shouldn't do it.  On and on and on it goes...

Why do people procrastinate? 

Especially on important things like starting their own business or investing in a piece of real estate or switching jobs into something that will stretch your comfort zone and make you grow? 

I'm definitely no expert in the human thought process.  I did take a Psychology class in University, I met my wife in that class and I'm not sure I got anything other than that out of it.  My focus was on something else ;)

But throughout a pretty intense process of moving into sales and then managing sales people and investing in real estate I've observed a thing or two.

Let's use Rob's example of funneling all your investments through real estate.

And let's agree that it's a solid idea and you decide that you should invest.

Well, here's where the problems begin.  At this point most people go into a "state of overwhelm".

They basically begin to freak right out.  Because it's a new activity and you don't have all the answers you feel 100% overwhelmed by the activity.

So how do you handle it?  How do you take the pressure off?

Well, most people just put the whole idea on hold.  They decide to stop right at this point.  They feel overwhelmed and they stop. 

And why do people do this?  Well, here's what it looks like to me.  People are scared of FAILURE.  They don't want to mess up.

And WHY don't they want to mess up?  Why are they scared of failure?  This is the ultimate question right? 

Drum roll please...

People are scared of you.  That's right.  People are scared of you.  YOU are the problem.

They are scared of being judged by you.  They fear that you will label them a failure. 

Their self-worth is tied to the outcome of the activity.  If they mess up they believe they will be less of a person.

To be fair there are additional reasons, like fear of success and fear of losing money but most of it boils down to the fear of being judged.

Again, I'm not an expert but it seems accurate.  When I left my six-figure sales job to go out and start my own business 99% of my friends and peers thought I was nuts.

And I knew I couldn't listen to them.  I had grown enough to realize my self-worth was not tied to outcome of this new venture.  I figured that if it didn't work out (which it did by the way) that I would move on from there to something else.  I don't mean to beat my own drum here or anything...I'm just sharing my thought process in case you find it helpful at all.

See when you go off and start something knew you are bound to make mistakes.  You will certainly screw up.  But it's that base of experience that really allows you to propel forward.  Without the experiences you pick up along the way you will never move on.  It's the mistakes that allow you to make better choices next time.

You know how on this blog we've been discussing that real estate investing is a process?  I think this is what we mean.

You need a good mentor, you need some education but at some point you need to start.

And it's not a bad idea to start small.  Maybe you purchase a small single family home to cut your teeth on.  You make some mistakes and then you move on to buying 2 homes, then 3, then maybe a building and so on.

A while ago I didn't understand that failure is not an absolute.  Failure is part of the process.  Each time I'm hit with a difficult situation the most important aspect of the event is how I move on from there.  It's how I handle the set back or mistake that is key. 

And you know what?  Every time I make a mistake as long as I keep moving, asking for help and taking some steps forward everything works out.  And it works out every single time.  Always.

So the next time you are frozen from action by the feeling of "overwhelm" realize that you can break the cycle.  Your self-worth is not tied to the outcome.  Make a move.  Do something that moves you towards completing the task.  Don't think about it, just start moving.

By far the best examples I've ever read about this are the "walk the plank" stories by Neil Fiore, Ph.D. in his book "The Now Habit". 

Worth checking out right now, don't procrastinate ;)

Tom Karadza
Income For Life Toronto
www.TheRealEstateRenegades.com

The Velocity of Money - PART 3

Review my previous posts for Part One and Part Two of this article!

Where do you invest your real estate profits or house money? I don’t think there is any one correct answer. The answer depends on your current financial position and tolerance for risk.  The safest option is to build an emergency fund for your family. An emergency fund is money set aside to cover several months of your family’s living expenses. This money is parked in an interest-bearing liquid account, like a money market account. The emergency fund is for handling emergencies. A job loss, a big medical bill or a major expenditure you hadn’t planned on having. It is your family’s safety net. 

This option probably provides the lowest actual return on investment, but it provides the absolute best peace of mind. I have around five months of my family’s living expenses tucked away for emergencies.  Now, this wasn’t the case for many years. In the beginning of my journey, I operated without an emergency fund and invested everything back into real estate to build more cash flow. I have a very big tolerance for risk. This decision was truly risky for my family. However, at the time, I didn’t have any children. Now that I am a little older with a family, I have prepared for any unforeseen emergencies.

If you don’t want to save thousands of dollars for your emergency fund, you should at a minimum keep a line of credit open and available. You can access this line of credit to cover your emergencies. The problem occurs when you don’t have savings or access to money when rocky times hit.  If you lose your job, the banks will not loan you any money. You could put your family in massive jeopardy if you don’t have a credit line established before the emergency hits. When I was operating without an emergency fund, I kept credit lines open and available at all times. I used these credit lines from time to time to save me. In fact, I took cash withdrawals from credit cards to make payroll on several occasions!

The easiest way for you to acquire your emergency fund is to sell an investment property to your tenant/buyer and not reinvest the sales proceeds. You will have to pay taxes on your gain, but your emergency fund will magically appear. You could also refinance an investment property and put the proceeds of you new loan into your emergency fund. Now if you didn’t own any real estate, what would you have to do to build an emergency fund?

You got it ...

You would have to save it from your weekly paycheck. How long would it take you to save several months of your living expenses? Forever. …

Many people don’t have emergency funds because they don’t have a fast, painless way to build it. Can you see how funneling my first investing dollars into real estate helped me build an emergency fund quickly and easily? If my first investment dollars didn’t go into real estate, would I have an emergency fund? No.

The next option for your real estate profits is paying down debt. This option is also ultra-safe and highly recommended. Believe it or not, it provides a handsome return on your investment.

A quick check on bankrate.com showed the average credit card interest rate at 13.4 percent. In my opinion, paying down your debt beats investing in the stock market every single day of the week. If you have credit cards in this range of interest rates, you would be investing your money at a fixed 13.4-percent interest rate. You can’t beat that in the stock market. Maybe Warren Buffet can, but average folks like us can’t.

There are many different strategies to debt reduction, which I won’t cover in this article. But paying down debt is a safe and profitable option for your house money. When I say debt, I mean all car loans, credit cards, other consumer loans. These loans typically have higher interest rates and are not tax deductible.

To be continued again...

I just love cliff hangers. I'll wrap up this article in my next blog post! If you would like to have future blog posts emailed to you automatically, simply add your email into the box at the top right hand side of our blog!

Rob Minton                                                                                    

www.QuitWorkSomeDay.com

How Real Estate Investors Can Use the Velocity of Money - PART TWO

Before reading this post, read part one by clicking on this link.

Now if you really think about what happened in this example, you will see that you were making your money work extremely hard for you. You didn’t let it sit idle as equity in a property. The key point for you to realize is that equity in a home is idle money. Idle money provides zero return.

If you only take one piece of advice from this blog, make it this one …

FUNNEL ALL YOUR INVESTMENTS
THROUGH YOUR REAL ESTATE

Most people are making contributions to their company 401(k) plan or some kind of IRA account. These contributions are paid, in most cases, directly out of your pocket. If your company contributes automatically to your retirement plan from your pay check, this is still directly out of your pocket. I truly believe this is a massive wealth destroyer.

Instead take these contributions and invest them into real estate. Then invest the cash flow from the real estate into your IRA or retirement plan. To be clear, I am not saying don’t invest in your IRA. I am saying to insert real estate in between your direct retirement plan contribution. Buy an asset (real estate) and have that asset fund your retirement plan.

This is the advice that will get many people up in arms. I know Money Magazine tells you to maximize your 401(k) contributions. I know your parents would tell you to put everything into your 401(k). I know your company’s human resource department would tell you to invest into your company 401(k). I know. I have been there. I remember all of my co-workers at the international accounting firm I worked for talking about how much they were each contributing into their 401(k)s. They thought I was crazy for investing in real estate. They thought I was a real wacko when I quit my high-paying job to invest in real estate full-time. I can still hear the jokes and snickers.

This will happen to you, too. Everyone will think you are making a big mistake. The reality is the other way around. You will be making a big mistake listening to everyone else. Please, please listen to this advice. I cannot tell you how powerful it is. I can hear you say, “Well my company matches my contributions.” I don’t care. Your first investing dollars go into real estate. Real estate dollars then go into your retirement plan. Don’t worry about your company match is because it is insignificant compared to what will happen if you follow this advice.

I bought real estate to create cash flow. I used the cash flow to quit my job and start my own company. The profits from the first company were used to start a new company. All of this while my “laughing” co-workers are still arguing over how much they should invest into the company 401(k) plan.

Now, I have all of the real estate, company No. 1 and company No. 2. All of these can funnel my retirement, living expenses, new companies and/or additional assets. This is the velocity of money in action. The key is where your FIRST investing dollars go. If they go to a traditional retirement plan, you aren’t creating velocity. You can’t leverage a 401(k) plan.

Now had I followed the traditional approach, I would still be working as a public accountant. I would be investing 10 to 15 percent of my income into the company 401(k) plan working at a job that I couldn’t stand. Yes, I might have more money in my 401(k) plan—yippee. I wouldn’t have any assets working for me. Funding the real estate first was the best decision I have ever made in my life. I really don’t care about the amount of money I have invested. I care about the assets I have working for me. Most people are focused on the size of their portfolio. As Robert Kiyosaki’s book teaches, your focus should be getting your money back and reinvesting, not letting it accumulate. He writes, “In my world, the velocity and safety of my money is far more important than the amount of my money ... Only amateur investors put their money in their retirement plan and set the parking brake”

I like retirement plans. Don’t get me wrong. I just want you to fund your retirement plan from house money. House money is much better than your money. Don’t you agree?

There are many choices for you to invest your house money. Here are just a few:
1. Build an emergency fund for your family.
2. Invest in more real estate — houses buy houses
3. Pay off credit card debt or other loans
4. Invest into your retirement plan/IRA
5. Invest into a mutual fund/stocks or bonds
6. Start a new business
7. Buy and resell a mobile home
8. Invest into someone else’s business
10. Invest into seminars/books and audio programs
11. Hire people to assist you with your investments
12. And many more …

Ok, how do you decide from all of these choices? Where do you invest your real estate profits or house money? Find out my thoughts in my next post!

TO BE CONTINUED AGAIN!!! Stay tuned for part three later this week!

Also, if you missed last weeks special Income for Life Tuesday conference call, you can listen in to the replay tomorrow! Last week, I interviewed one of our Income for Life Members in Toronto, Canada. He shared some lessons learned, plus a really funny marketing story. You don't want to miss this call. We will replay last week's call this Tuesday at 8pm. We have reserved 220 lines for this call. The call is absolutely free. You don't even need to register. Simply dial 1-212-461-8613.

Rob Minton

How Real Estate Investors can use the Velocity of Money to Build Wealth - PART ONE

A few years ago, I wrote an article in one of our Income for Life Newsletters titled, "The Velocity of Money." The idea for this article came from a lesson I picked up in one of Robert Kiyosaki's books - "Who Took My Money." He writes that the Velocity of Money is the one reason why rich get richer and the average investor risks losing it all. I agree. From Robert’s book:

“As a professional investor, I want to …

1. Invest my money into an asset.
2. Get my money back.
3. Keep control of the asset.
4. Move my money into a new asset.
5. Get my money back.
6. Repeat the process."

When I teach my real estate investing concept of having homes buy more homes, I'm teaching Robert’s velocity of money concept. I read Robert’s book in the summer of 2005. Little known to me, I was already teaching the velocity of money and didn’t really realize it. Thankfully, I was already utilizing it with my investing.

To give you an example: Let’s assume you purchase a nice single-family home for $200,000. To purchase this home, you use a 10-percent down payment loan program and invest approximately $20,000. Let's say your total monthly house pagement is $1,300. (You can use a fixed, interest-only loan program to lock in a lower monthly payment) You offer this home on a Rent to Own Program. Your new tenant/buyer gives you $6,000 up front on this lovely home. This upfront payment you receive is an instant 30% return on your investment. Let's also assume that your tenant pays you $1,695 a month in rent. (See the Income for Life New Member Kit for instructions on how to rent your home for the highest possible price.)

After collecting your up-front payment, you would still have $14,000 invested in this property ($20,000 down payment less the $6,000 upfront payment received from your tenant/buyer). Your monthly cash flow would be approximately $395. (Rent of $1,695 less your payment of $1,300) It would take you just 3 years to recover your remaining $14,000 invested. ($14,000 divided by $395 monthly cash flow) In this example, it would take you 3 years to complete steps 1, 2 and 3 above. You would have invested in an asset, gotten ALL your money back and kept control of this same asset. Now you are on to step 4, which is to move your money into a new asset.

Robert Kiyosaki continues his teaching as follows: “A professional gambler wants to be playing the game with house money as soon as possible. While in Las Vegas, if I had put my money back in my pocket and only played with my winnings, that would have been an example of playing with house money. The moment I began betting everything, I lost the game because I lost sight of my goal, which is to stay in the game but to play with other people’s money … not my own money.”

When you come to a point in your investing at which you have gotten all of your money back and still own the asset, you are playing with house money. In this example, after Month 35, you would still receive a cash flow of $395 a month until the property sells. This is all house money. Now let’s move on and assume that the tenant/buyer doesn’t purchase your home during the Rent to Own Program. In four years, your $200,000 home would be worth $243,000 with a 5-percent appreciation rate. This appreciation would ALL be house money. You could then borrow a portion of this increase in equity tax-free. You could refinance this home at 90-percent loan-to-value. A 90-percent loan on a $243,000 home amounts to $218,700, less your current loan on the property of $180,000 would provide you with $38,700 tax-free (Current loan is $200,000 initial purchase price less your $20,000 down payment).

At this point in time, you would have recovered your $20,000 investment, plus taken in an additional $4,960 in positive cash flow and borrowed out another $38,700 tax-free. This amounts to roughly $63,660 in four years. Remember, you still own the original asset — the $200,000 home.

TO BE CONTINUED IN MY NEXT BLOG POST! It gets even better...

If you would like to have blog posts emailed to you automatically, add your email in the box on the top right hand side of our blog. This way, you won't miss part two!!

Rob Minton
QuitWorkSomeDay.com

The Importance of a Mentor!

The value of a mentor cannot be overstated. All great individuals throughout history have had a mentor of some kind. Whether they be an actual person or the implied mentorshp that great books provide. Others use simple observation as their own personal mentor.

One definition of a mentor, which I find interesting is:

"Someone whose hindsight can become your foresight."

Put simply, this means to learn from others, specifically the mistakes of others. This can be done through reading and observing, but I would say it is most effective through an actual mentor relationship. Being able to learn directly from someone who has experience in whatever endeavor you're working toward is a "short-cut" to success, if there ever were one.

In Income for Life, the most powerful benefit is the mentoring, which occurs with the wealth coaches. These coaches provide real life experiences. These experiences cannot be obtained through reading and observing. They can only be obtained by doing.

I cherish the relationships I have had and continue to have with a number of coaches and mentors. I owe these folks a debt that could only be repaid by passing on their wisdom through the mentorship of others.
I would strongly recommend that regardless of your personal goals, you identify a mentor with experience. Their wisdom is truly priceless and should be treated as such.

So go out and get yourself a mentor with whom you can build a relationship, listen to and apply their wisdom, and you shall prosper!

Josh Schoenly
Income For Life Harrisburg & Metro

NOTE FROM ROB MINTON: I couldn't agree more with Josh in this post. The right mentor is priceless. The wrong mentor is a disastor. Pick your mentors carefully. Tonight, you have the opportunity to listen in on our first Income for Life Tuesday conference call. I'll be interviewing our member, Ruben Furtado, from Toronto, Canada. Ruben's hindsight might just be your foresight. I guess you must decide for yourself. Here are the call details:

The call is: Tonight at 8pm
The phone number to dial is: 1-212-461-8613
Cost: FREE
Value: PRICELESS

Announcing Income for Life Tuesdays!!!

Photo by Graceful Tulip

I'm excited to announce a new weekly Income for Life Conference call series. Each Tuesday, I'll be interviewing various Income for Life Members. In fact, next week I'll be interviewing Ruben Furtado from Toronto, Canada.

You can listen in to this special conference call for free! The call is scheduled for Tuesday, February 12th at 8pm. You don't even have to register for this call. Simply dial in and listen in from the comfort of your living room.

To access this special call, dial 212-461-8613. I have only been able to reserve 220 phone lines for this call. These lines will obviously be taken on a first come, first serve basis. Make sure you call in on time!

I plan on asking Ruben questions like:

* How did you get started investing in real estate?
* Did you flip any homes? If so, how did it go?
* How has the Income for Life investing approach worked for you?
* What mistakes have you made with your real estate investments?
* How do you attract renters to your investment properties?
* How profitable have your investments been?
* Plus many more..

You can listen in on Tuesday, February 12th at 8pm. Simply dial 212-461-8613. This call is FREE!

Rob Minton
www.QuitWorkSomeDay.com