Hey there,
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I was born in a small town in the southeast corner of New Hampshire where I grew up doing most things that country kids do (without siblings). I loved playing in nature, learning magic tricks, chasing my cat Fluffy, visiting the local farms and dairies, juggling, and playing sports with friends.
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Even at young age I began looking for additional ways to earn extra income. My first business venture was at the age of 7, an “un-official” franchise of sorts… I charged $3.00 a week for the kids in my neighborhood to wrestle in my parent’s backyard (looking back this was a huge liability – thanks mom) as I taught them what I had learned from my martial arts lesson the week prior. I even gave colored belts to my best pupils..
The years rolled by, friendships changed, school crept by, bullies came and went, and it seemed every year I was changing what I wanted to be “When I grew up?” By the way, why is this one of the biggest question adults ask of kids?
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Here’s my personal belief about deciding what you want to be for “the rest of your life” question. Instead of thinking about the profession first, think about the life style you desire FIRST… then research “What professions will get me this lifestyle?”
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Fast forward 11 years and I’m walking down my high school’s graduation, diploma in hand, ready to change the World. I attended Notre Dame College for Medicine where I discovered that my talents were being wasted at a rate I could not continue. Have you ever felt like you were in a GIANT rut and ready for a change? Me too…
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I packed my bags and headed to sunny Florida!! I thought it would be all drinking on the beach riding dolphins to work but alas it wasn’t… big surprise right?
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Six months after arriving I was back in school and changed my major from Medicine to Business Management. I worked remedial jobs to pass the time and make a living but deep inside myself I knew I was capable of so much more than what I was currently doing. But I didn’t know where to turn and school wasn’t getting me my desired “Kick it on the beach” goal I was after. What’s your dream life like? (beach or mountains)
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My roommate at the time turned me on to an old Ron LeGrand real estate investing course he had on his bookcase, “How to Buy and Hold Real Estate” was the name. I couldn’t put the course down, this was my BIG life wake-up call. I read and re-read the whole book in a single weekend and thought “Man, I can do this!” (If you’ve ever read a Ron LeGrand book the examples tend to be a little unrealistic.)
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Over the next 90 days I joined a multitude of real estate invest clubs, read every course I could buy or borrow, and made over 120 offers on different homes without a single offer being accepted. What was going on?!!! At the very least I should have been able to purchase a skinny deal and make just a couple bucks. I was doing the exact same things as everyone else was doing.. and getting the same results. I was blue and unsure of my next step to say the very least…
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It wasn’t until I met a seller that was selling his manufactured home (with 2.5 acres) that I was able to purchase a home (with equity) that I quickly turned for a $35,000 cash profit. After 5 months of my first manufactured home discovery I had 9 (yes nine) cash-flowing homes in my portfolio and fast-turned 5 others for a profit over $110,000.
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I was working 2 jobs at the time (cell phone sales and night valet) and when I was sure I was secure in my own investing business I retired from my “Working World” and continued investing in individual MH deal after deal and so on… with little or no competition at all.
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I have been able to travel to parts of the world I never thought I would go to and see things most Americans never “get” to see in their lifetimes.
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Since my debut in manufactured homes in 2002 I have been preaching this form of real estate investing from the roof tops as alternative and undervalued way to secure wealth as a real estate investor (mostly this preaching falls on deaf ears). Ego versus Cash-flow is what I say?
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In 2009 I moved again to Austin, Texas where I continue to invest in manufactured homes and traditional real estate and help teach others to do exactly what I did over 9 years ago to escape the rate-race once and for all.
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Not long after I moved to Austin I met the love of my life Elinore. Ladies and Fellas (if I may get “real” for a moment) I cannot express the leaps and bounds your business will make when your partner is on board and helpful with your (our) life goals and visions. Does this make sense to you?
.So are you READY to begin succeeding with real estate cash-flow? Here’s my #1 TIP: To almost guarantee your success in this field get yourself a mentor/coach that you can talk with daily about your marketing, deal strategies, offers, how-to’s, closings, negotiations, etc. I’m 100% serious when I say, “Whether the coach is Me or someone else local to where you will be investing; a coach with your vested interests at heart will add years of experience instantly to your real estate company and can make or break your real estate success.”
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I hope you enjoyed reading this, I really enjoyed writing it for you.
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John Fedro
My email is John@RealEstateCashFlowFormula.com
