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Our success stories
Stop thinking, Start investing
From e-Books to seminars to audio tutorials, there are numerous methods available that can help future investors learn the nuts and bolts of
real estate and become successful entrepreneurs.
For Richard Clark of Boca Raton, FL, it was the firsthand experience that came from working alongside a local foreclosure broker who was making a big name for himself in the Sunshine State,
Brad Geisen, which contributed to his accomplishments in the market.
Richard earned a bachelor's degree in political science from the Florida State University in 1984. He soon learned that finding a job that would interest and compensate him well was much more
difficult than he had ever imagined.
It didn't help that the economy was in the midst of a major recession.
Quick investment details
- Name: Richard Clark
- Purchased for: $18,900
- Repairs: $7,000
- Sold for: $46,300
- Profit: $20,400
Reluctantly, he took a position as an agent in a local real estate office called, Investment Plus. Even though Richard knew little about the business — it certainly wasn't what the reason for which he had
spent four years in college — he figured the job would hold him over until things began to turn around.
He had no idea that he had just embarked on a career that would sustain him and his future family well beyond his wildest expectations.
Investment Plus had just been awarded a major contract from the U.S. Department of Housing and Urban Development (HUD) to market and sell government foreclosures throughout the state of Florida and beyond.
Richard would be on the front lines of the massive marketing effort, working side-by-side with Brad to sell the homes as quickly as possible and, of course, at a profit. Because Investment Plus was growing at
the time — the Boca Raton office had just 15 employees at the time — Richard gained invaluable knowledge and experience working directly with Brad.
He was able to pick things up quick, and in no time, was closing major deals several times each week.
With his confidence at an all-time high, Richard soon made the decision to apply the knowledge he had gained working with Brad at Investment Plus for his own personal gain.
He purchased his first foreclosure less than one year after he had started at Investment Plus. Using the strategies he had learned from his mentor, Brad, Richard was confident that he could rehab the
property and flip it for a profit.
He was right.
Richard purchased the property for a bargain at $18,900. He was able to hire some contractors to do all the repairs and upgrades for a very reasonable $7,000.
By his own estimate, Richard determined that he could sell the home for at least $30,000, which would net him a profit of $4,100 — a handsome payday in the mid 1980s for just four weeks of work.
Richard did such a fantastic job with the improvements and marketing that he was able to sell the home for $46,300 — a profit of more than $20,000 and more than twice the amount he paid for it.
"I made $20,000 in one month on top of my normal job as a broker," says Richard. "From that moment I was hooked."
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Indeed, based on this experience Richard convinced his father to sell the family business to raise capital for a much larger real estate operation. He knew that it was a big risk, but the potential reward was well worth it.
Since that time, Richard and his company have purchased and sold more than 400 homes throughout the nation. And nearly two decades later, he is still actively purchasing and selling real estate for profit.
"Getting involved with real estate was perhaps the best decision I ever made," says Richard. "I didn't know anything about investing when I first started, but I was able to pick it up fast with a lot of
hard work and dedication."
Naturally, Richard had a unique advantage being able to work with and learn from Brad. Yet, he ultimately made the difficult decision to go at it on his own and take chances that many others before and
after him were never willing to risk.
All the mentors, e-Books, seminars and audio tutorials amount to nothing unless you do something with them. The first step, which is the most
difficult, is a step toward financial independence. While the thought may be scary, it will mark the beginning of an adventure of a lifetime.
So stop thinking about it, and apply the knowledge you learn sooner rather than later — you won't regret it.
Just ask Richard.
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