I will receive $225 per month income plus $3,500 down for a total of $3,725 for the first month! How’s that for motivation!!.
Last week, I took possession of my 2nd home. I have already shown that home to some couples that were interested in my first home. Offers are coming in, and my gut feeling is this will be another winner.
My advice is: listen & follow the direction your coach is taking. Use your coaches knowledge to get over any hurdles you might encounter. I am looking forward to numbers 3 and 4 to really start building my family’s future! Thanks a million!"
Greg Gilmour
“In my first month of joining IFL I was able to purchase my first property with none of my own money. In just a short ten days, I had $6,200 literally in my back pocket, $100 of monthly cash flow, and eleven thousand dollars locked in for buy out profit. I’m currently excited to buy more properties. The IFL membership is extraordinary"
Ben Giles
“Wanted to say thank you again as I just completed securing a tenant/buyer on my second rental property. The membership has helped me tremendously by helping to create a positive environment by which there is potential for monetary growth and financial independence. Buying multiple properties has its advantages. One has the opportunity to expand their marketing range through newspapers, Internet, yard signs etc. This cross-marketing allows the showcasing of different homes all being referenced to the same phone number, your number. An environment is created when more people are viewing the homes and you begin to maximize your time and effort. As each home becomes unavailable and is no longer on your voicemail people began to understand that the homes within this program sell quickly as stated on the website. This effect can help speed up the decision-making process because now you are not just saying that the homes move quickly to prospective tenant/buyers, they see it for themselves. Although I am new to this program, I recognize some of the benefits of momentum gained so far.”
Terrence Gulley
“Hi guys, here are the details for my second Rent to Own. Purchased for $119,000 with 5 percent down. My first payment is due June 1st. Lease option with a one-year buyout price of $129,900 or $134,900 for a buyout in the second year. I received $3,000 in upfront money, two months of monthly rent payment in advance at $1,095 each. In addition, the Seller paid for $4,000 of closing costs, $750 for electrical upgradess and $1,450 for concrete repairs. I spent $0 advertising. The yard sign is all I needed. I did invest $500 for cosmetic updates. My third home closes in June, and I am looking for my 4th now. I have several tenant/buyer leads from my showings the last two weeks. I truly look forward to continuing this until I can replace my income and be the next success story in an upcoming newsletter.”
Edward G Sullivan — “Sully”
“Being somewhat skeptical of the program, particularly the level of demand and interest that prospective tenants would have, I was overwhelmingly surprised at the response that I received when I began to advertise my first Rent to Own home. There clearly is a strong market out there for this type of product.
Working with my coach Jerry Quade during the purchase provided valuable experience and insight into the mindset of the Rent to Own tenant and was a great help in selecting the right home to purchase. Jerry also provided great advice in the advertising, showing and screening stages of the process, which helped me land a tenant fast.
All told, I was able to secure a tenant who put up a $3,000 down payment and has a strong income level (easing my fears about their ability to make the monthly payments) by running one 10-day ad in the newspaper. After advertising the home for just two weeks, my tenant was identified and within one additional week, I collected their down payment and had a signed lease agreement. Based on this experience, I am anxious to get underway with acquiring my next investment home.”
Mike Gaeta
“Exciting to be part of an organization that I know will change my financial future. Can’t wait to become and realize my dream of financial independence with the help of Income for Life.”
David Tufts
“I had been pretty disillusioned with all the money making schemes in real estate. I even spent several thousand dollars in “education”, only to get a box of books and a “coach” that was assigned to a hundred other people. Trouble was, they were out of state, and knew little about our local market here. When I came across Rob’s offer in the mail, it was like a breath of fresh air. I was impressed with his honest approach, and the fact that he was local--I could actually visit his office and talk to “real” people—people that want you to succeed—not some guy behind a desk, with no interest in your future. Instead of demanding money up front, like all the rest of them, Rob takes you through the process step by step. He only makes money if you do. His classes were taught by investors, not salespeople. I got a real coach—someone I could talk to and guide me through the process. He helped me buy my first home. We bought it at $126,000, which was substantially under market value and Jerry got the seller to pay all closing costs. I negotiated a $3500 down payment from my tenant-buyer (I even got an extra $1000 up front just by asking for it!) with $150 of monthly cashflow at a 2 year buyout of $146,000. With all the applications leftover from my first home, I now have an instant database of eager buyers willing to put up cash to let me help them find a home--no need to advertise! I have now a secured cash commitment from one of them, and we’ll be “house-hunting” this week! All I can say is THANK YOU! You’ve made a believer out of me!”
William Morley
“Rob, I want to take a moment to say thank you for the services that your company provides to the investors. We purchased our first property at 661 Babbitt in Euclid (which is a very busy street) on Nov. 17th, ‘05. We rented the property back to the seller until Dec. 1, which created $360.00 of positive cash flow right away. On the 2nd of Dec., we put our sign in the yard and within 13 days, we had received 24 calls - 5 rental applications which = 1 qualified tenant buyer. With $280.00 in positive cash flow per month at the end of the 18 month lease-option period, our net will be around $17,610.00. The best part is that we spent $0.00 in advertising.
Jerry and Missy did a fantastic job behind the scenes handling everything and walking us through it. Lisa Keller also was wonderful. We now have two more properties closing in February and are very excited about a profitable 2006!”
Thanks again, Bill and Kim Bissett
"I enjoy your monthly challenges (i.e. ways to increase your cash flow) as well as subtle and (sometimes) funny humor, just kidding, it's mostly funny! You provide a great insight into concepts we take for granted (i.e. The laws of reciprocity). When I read your newsletter every month, I always read it with a legal pad next to me for the many action items I get inspired about."
Chris Thomas, Chicago
"Your Income for Life Program is 'top-notch' & has taken the fear out of real estate investing for us. Keep up the good work with the monthly newsletters. We find them quite valuable & often laugh as well. We are actively pursuing our second home/investment property and plan on a third in the spring of 06. Our coach has been a valuable resource for us. Kudos to you & Income for Life!"
Dan & Dawn Sell
"Rob has helped me acquire 10 homes over an 8 year period. I would estimate that my net worth has been increased by approximately $500,000 due to my real estate investing. Rob knows what works and what doesn't. He teaches the same principles that he applies to his own real estate investing and his experiences have been invaluable to my real estate investing decisions."
Matt Bobbey, CPA
"Rob wrote about a strategy to increase cashflow in one of his monthly Income for Life Newsletters. I used this idea to increase my total monthly postive cashflow by $920 without buying any additional properties."
Dave Berrow
