I Made About $6000, And It Didn’t Take Me Any Time

Source: http://joecrumpblog.com/i-made-about-6000-and-it-didnt-take-me-any-time/

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David Shihadeh – Indianapolis, Indiana

I believe the best way to learn the business of real estate investing is to hear how others have done it.

When these interviews were recorded, I asked Tom, the interviewer, to ask questions that would help the viewer see how these folks got started.

I wanted to hear the struggles, the successes and a clear path and explanation of what they had to do to make these deals happen.

I did NOT want them to be a bunch of people telling you how wonderful Joe Crump was. I wanted content, examples and real life experiences.

I hope we succeeded.
________________________________________________________

My 6 month mentor program:

http://www.ZeroDownInvesting.com
http://www.JoeCrump.com/partner

A few Case Study Video Interviews with my Students:

http://www.JoeCrump.com/partner/casestudy.html
 

I Made About $6000, And It Didn’t Take Me Any Time

David: My name is David Shihadeh. I’m here in Indianapolis. I go back and forth to California as well, Orange County. I heard about Joe about five years ago. I was looking online and I saw his program and thought it was pretty interesting. I have known Joe for about five years. I’m already the investor before I even met him, but I like his system. He had automated system, I think is the best out there, where he teaches and he’s got a system that’s a pushbutton program where you get your leads that’s been much easier for us, for investors, to find leads. Well, first deal, I think I made about $5,000, but I made, you know, I’m more for buy and hold right now. More, you know, buy and hold. Joe teaches, you know, people who have no money to buy with no money down, so I used that program at the beginning, but I’m not using it right now. I’m using more buy and hold and I coach a little bit to some people, so, but, Joe is a very, very good coach. He is only mentor I know that he teach himself, his people, that he taught me in the past. Even though I was a seasoned investor I still learned something from him. I’m still here today because you always learn something new in this business. So, I do like him a lot because he’s just straight to the point and his program really works.

David: The first deal I did that I made really took me, I would say it took me about a week, you know, between learning and putting it all together. If I only count the hours together, but about a week. So, you know, it was pretty good. I’ve bought commercial buildings, I’ve bought, sold, a couple of commercial buildings, but I’m doing more, I don’t really see a best deal, I don’t know I mean by best deals, you know, lots more deals. But the best deals I did that didn’t take me really much time except maybe like four or five hours when I put a deal together and I made about $6,000. That didn’t take me any, any time really. Very little time. That’s, I would say, the best deal I did in terms of time and how much effort I put into it.

David: The most rewarding deal, I don’t know, there’s so many of them. You know, I did a lot of deals, a lot of flips, some of them took me a little longer than others. But overall, overall, I mean, I don’t see any one particular deal that was rewarding because if you do a bunch of deals, you know, it’s really hard to find one. And one of them, like the one I just told you about, it took me only two hours. That didn’t take any time, so I, when I count my hours, how much hours I put into it, it probably pretty much paid me maybe like $1,200 an hour, or even more, but again, I’m experienced, I know what to do, I know what to say, and how to use my experience in order for me to get there. So, for a new student they might spend a bit more time to get the same effort, you know?

David: Right now my average income, I do more actually buy and hold, so I have properties that are renting, so, most of the property I bought I got all my money back and they’re still renting and I got, you know, so they’re really, and income is like infinite because once you get your money back then you have income every month because the property is paid for. So for me, it’s like, it’s only getting money every single month right now because I have a lot of passive income. I’m one of the best income guy, you know, I don’t do much flips. I do a little bit now and then, but I’m more for passive income where I like to get the monthly income. So I’m building more and more portfolio to get passive income. So this way I don’t have to do anything anymore and get monthly checks coming to me every month. That’s the way I like it.

David: Yeah, I closed one last week. I closed three last year, and I really wasn’t working as hard right now. I’m just basically buying on time. I’m not like a, I’m not, like I could close five, six deals a month, but I’m not doing it. I’m just kind of going with my own pace, I’m enjoying my life and closing when I, like I closed four deals in the last six months. But I’m not really working hard at it right now. This year, I plan to work a little harder on it.

David: This year, I plan to build my portfolio more. I want to do a lot of option to buy and rent them and maybe flip some. And this is my goal for this year. For next year I might not want to do anything, you know, because I have enough income where I don’t have to work anymore. So, I’ll see how I feel then, you know, I’ve been doing it for a long time.

David: Yeah, I’m doing some more marketing now. I have a program that I’m putting together, I’m writing a couple of books. And so I might be creating a program to teach people how to buy and sell real estate and/or sell a couple of books, you know, how to buy and invest in the market, that’s what I’m doing. That’s my next step. I’ll also be buying as well.

David: Well, it’s, I’m free. I can go anywhere I want to, I can do anything I want to, I just, I was traveling, you know, last year up to China, California, some other places, and Canada, so I’ve been traveling. So, basically, really, that is, I can go anywhere, anytime, you know, I want to and that’s the way I like it. I’m not obligated to, you know, be somewhere 9 to 5 unless I have an appointment with somebody and I’m free. And I like the freedom, you know, this is the American dream, you know. I have many options.

David: Yeah, yeah, you know, the reason people become real estate investor is because they want to be free. They want to get financial freedom, they want to spend more time with their family, they want to basically go anywhere they want to go, like what I’m doing right now, when they feel like it. And they don’t have to worry about money again, where the money’s going to come from, and, I am unemployed. I’m probably unemployable. Nobody would even want me to work for them because I don’t really stick to the rules of certain, most, you know, most employee. I make my own rules and entrepreneur, usually, where you set up that sort of entrepreneurs. They make their own rules. So, they’re, because we are entrepreneurs we like to live the life we want, you know? To be free to what we love to do. So I encourage anybody, and I really state in my view, is the best investment on Earth. And I say that is the best because people need a place to live, you know, we have more population, they all need a place to live and you’re in real estate if you know what you’re doing, if you learn how to do it right, you’ll always make money in real estate. It’s the only business that I can see that has the least amount of risk, virtually, very little risk if you know what you’re doing. And the best one that gets you, that give you the medal of freedom for this one, where you can do anything you want to do.

David: Joe is one of my mentors. I learned a lot from Joe because he has an excellent system. He doesn’t just have a system of books. He also has this system where you can actually push buttons, he has an electronic system which I used before that gives you leads. I don’t have that. Joe has that. And so he really give you a complete program how to become successful. If you just do what Joe what Joe tells you what to do, you’ll be very successful in real estate.

David: Right now I have a website, you know, I do some SEO and I some marketing. I’m a marketer, so I do some marketing. When I want to get leads, I do marketing. Like, I did some this week, I got three leads. So, depending on if I want leads or not, so that’s why, as I said, last year I was off, I didn’t really work at it. But when I want some leads I can just use my marketing system and it will give me some leads. Then I have to act on it. So, anybody can do the same thing, you know. Joe has a system where it’s constantly work for you. Now, if you want to turn it off, you can turn it off, but you don’t have leads anymore, and I chose that. If I don’t want leads, I just turn it off. I don’t use, you know, I don’t use my marketing to work for me.

David: That advice I give to anybody is stick to a system. Any system. Now, we are here to talk about Joe’s system, and I think Joe’s system is one of the best in the country. There are other systems out there, you know, but I believe Joe has a great system. I’ve been with him, look — I come to his meeting here, I mean, I didn’t have to come to the meeting today. But I like to go to as many as I can because I always learn something new, and he has a new program that’s coming out soon that is more attractive because he is constantly working, upgrading, his marketing system. And so I like to know what’s going on, you know? So I think if you stick to Joe’s program and even if you do fifty percent of it you’ll be successful. So imagine if you do a hundred percent. And I know many of Joe’s students become my friends as well, you know, and you know, almost all of them are doing very well from what they’re learning of Joe’s.

David: I was already investor of real estate. I was investing, I had a building, but I wanted to learn more, you know. I didn’t have a system at the time. And when I joined, when I joined with Joe’s program I learned how his system works and it made a lot of sense and then I used his system and I’m still using, you know, what I learned from Joe. So, his system definitely works. I commend anyone to follow a system. That’s why McDonald’s is very successful. They have a system. So I’m creating my own system, but not encroaching, more like coaching people. Not like an electronic system. Just basically teaching people how to become more successful in marketing.

David: Just stay with the program. You know, if you use one program, stick to it. The only thing I like to say is don’t be scattered, which I did that at one point in my life, where, you know, you listen, you want to do too many systems at the same time. It does not work. Your mind only can do one thing at a time. Stick to one system, get to learn it really well, and then just focus, you know, hone in on that system and then you will make money.

David: That’s the best advice I can give anybody. Because today we live in a world that is full of like great options, you know. If you try to walk a line, you’ll find everybody’s trying to sell you on their system, you know, and they are, some of them are really. And you just can’t really open to all these things because it’ll clutter your mind and then you can’t do any system well enough. So I would say stick to one system whole heartedly and go for it and you’ll be successful. With Joe’s system I guarantee you, if you follow it, you’ll be very successful.

David: Big – the biggest key is focus on only one area, you know, in one system. You will be successful.

The post I Made About $6000, And It Didn’t Take Me Any Time appeared first on The Blog of Joe Crump – Real Estate Investing Strategies & Automation.

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