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    Big Bucks in Small Town Real Estate
    Big Bucks in Small Town Real Estate
    Big Bucks in Small Town Real Estate
    Ebook176 pages6 hours

    Big Bucks in Small Town Real Estate

    By John Foster

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    About this ebook

    Are You Walking Over Dollars, Picking Up Dimes?
    I have spent the last 40+ years as a small town Realtor. No matter who you are or how much money you earn, learn how small town real estate is absolutely the safest, soundest, most valuable investment in the world. Create 14 streams of income ~ Learn about tax-free money ~ Secret formula for buying & selling land ~ Become financially independent.

    LanguageEnglish
    PublisherJohn Foster
    Release dateDec 15, 2010
    ISBN9780961114220
    Big Bucks in Small Town Real Estate

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      Book preview

      Big Bucks in Small Town Real Estate - John Foster

      Big Bucks

      In

      Small Town

      Real Estate

      How to Become a

      God's Country Millionaire

      John E. Foster

      This publication is designed to provide accurate information, not legal advice.

      If You’re Lucky Enough to Live in God’s Country, You’re Lucky Enough is a service mark owned by John E. Foster. Copyright © 2006

      The Author is grateful and wishes to acknowledge my appreciation for the efforts of Mrs. Jane Jenson in editing this publication.

      Smashwords Edition - License Notes: This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please return to Smashwords.com and purchase your own copy. Thank you for respecting the hard work of this author.

      Published by New Life Financial Planning, Inc., P. O. Box 1899, Blue Ridge, GA 30513

      Smashwords Edition Copyright 2010

      This book is available in print at most online retailers.

      Library of Congress Cataloging-in-publication data

      Foster, John E.

      ISBN 0-9611142-1-5

      Cover Design by Dunn & Associates Design, www.dunn-design.com

      Second Edition

      Dedicated

      to all those who gave their lives for our country, to my parents Glen and Edith Foster, my children Preston and Joy……..and to future millionaires.

      CONTENTS

      Introduction

      Chapter 1: God’s Country and the Gateway to the Mountains

      The history of Morganton and Fannin County, Georgia. 299 friendly souls in Morganton and 19,798 in Fannin County. We have it all! 100 reasons for recreation. One of the top 5 spots in the United States for a vacation home. The ‘tortoises’ of the world.

      Chapter 2: Mountain Country

      Take an eighteen-mile country tour and quiz in which there are 10 millionaires, roughly one every two miles. Enjoy the countryside and mountains, people and places along the way.

      Chapter 3: If You’re Lucky Enough to Live in God’s Country, You’re Lucky Enough®

      The Daily Edition: bad news and large city problems. Atlanta’s 3.5 million inhabitants compared to Morganton’s 299. Solution to urban – suburban sprawl. The timeless country lifestyle. Our population continues to grow. Country stereotypes. Terrorism. High-up Peace. Why we call it God’s Country.

      Chapter 4: Poor as Country Dirt

      My family history. Oldest of eight children. Sleepy town of Morganton, Georgia. Early church lessons. Living off the land to survive. First home & land. No car & no T.V. No electricity & no plumbing. Corn bread & country hams. Early hunting. Grandparents. Childhood pranks.

      Chapter 5: The Seeds of Education

      Early Morganton school days. The hanging tree. First tobacco. Halloween prank. Spring lizards. The wood shed. The Boy Scouts – Eagle Scout with 68 merit badges. Belt line. Boyhood pranks. First moonshine. Getting shot! The Berry Schools; Not to be ministered unto, but to minister.

      Chapter 6: The Seeds of Marriage

      Getting married at age eighteen to a wonderful girl. Hitchhiking to Blue Ridge. My Wife’s wealthy family. Early work lessons. Dropping out of college. Youngest motel managers in Florida. Turning over rocks. First job in Atlanta. Phoenix, Arizona. Skokie, Illinois. Sumpter, South Carolina. Starting over after divorce. Real Estate License Requirements. Reconciliation.

      Chapter 7: The Seeds of Real Estate

      The good, the bad and the marvelous of running a real estate company for 28 years. Life-changing seminar. Small town rentals. Secret to ‘Why Land?’ Partners. Starting first Board of Realtors®. Developing multiple streams of income. Customer experiences such as: the cocaine bear, gorillas in the woods, junkyard dog, federal drug trial, no breaks for lawyers and zapped plasma torch. Fire Station #11.

      Chapter 8: To Reap You Must Sow

      What a person must do to become successful. Owning a survival tract of land. The lazy way of gardening. Getting out of big cities. The five steps to financial freedom. Financial planning: How to become a millionaire. Using leverage and inflation. Investing in yourself and setting goals.

      Chapter 9: Reaping an Abundant Harvest

      From a small acorn to a large tree. You can become a millionaire living in a small country town. Country living at its best. Hobbies, hunting, fishing and raising bison. World travels to Russia, Greece, Africa and Alaska.

      Glossary

      *****

      Introduction

      If You’re Lucky Enough to Live in God’s Country,You’re Lucky Enough®

      Under All is the Land

      In the beginning God created the heavens and the earth (Genesis 1:1 KJV.) Although God is the ultimate owner of the planet, He provided us the ability to create wealth in a variety of ways by giving humans dominion over it. The Bible somewhat hints of the world’s first millionaires! Today, only about 5% of the United States population has accumulated a million dollars or more. Our Creator freely gives us the air we breathe, the water we drink, the sun and moon, day and night, the rain, the snow; and he tells us we will reap what we sow (Galatians 6:7 KJV.) God planted us all here on Earth. Moses conducted the very first census when he ordered the children of Israel to be counted (Numbers 1:2,3 KJV.) The results are listed in the 36 chapters of the book of Numbers. U.S. Census Bureau population clocks in the year 2000 showed that there are over 6 billion inhabitants in the world. The same year, the U.S. population is said to have been more than 292 million individuals. Moses reduced Abraham’s teachings to the Ten Commandments (Exodus 20:3-17 KJV.) The eighth and tenth recognizes the individual’s right to own property. Our earliest property law is the oldest form of law, dating back to the Old Testament.

      Our country’s first settlers, the American Indian, lived peacefully and in harmony with nature. The great Cherokee Indians originally occupied most of North Georgia. They believed that land was not property, but was entrusted by the Creator for their common benefit. This is reflected in their terms Mother Earth’ and Father Sky. Then, the land was for the use of all and belonged to no one. America’s natives had a sacred bond with their environment. They surely were the first conservationists. In our area, white settlers felt little guilt in taking the Natives land for so called better use. This was especially evident after the discovery of gold in Dahlonega, Georgia in 1828. The Cherokee were removed to the state of Oklahoma just ten short years later on what is known as the Trail of Tears." This tortuous trek claimed the lives of thousands. Most Americans, including myself, now regret the way our ancestors treated the Indians. Some Cherokee escaped exile and now live in North Carolina on a scenic reservation that abuts the Great Smokey Mountain National Park. While Indians were first considered to be living outside the grace of Christianity, they are now enabling themselves through casinos to become wealthy enough to save their own culture. The Cherokees’ have a popular casino in Cherokee, North Carolina.

      Since the beginning of humankind, land has been the most important commodity in man’s life. On it, he found a cave he called home, planted the seed that provided his food and in it mined the minerals that made him rich. In a wonderful way, the land also confined and helped circulate the water he required. Now, with over 6 billion people needing water to survive, we all are putting a great deal of pressure on this natural resource. Astoundingly, while 71% of the Earth’s surface is water, only about 3% is fresh.

      With more and more people being born, water is one of the great issues that everyone in the world must eventually face. Growing populations all over may one day be required to fight for a resource that is as essential to life as the air we breathe. Land is also one of the causes of the constant wars men have fought throughout history. When the land was neglected, man had famine. When the crops flourished, man flourished. Time has changed very little of this.

      It wasn’t until Thomas Jefferson announced the Louisiana Purchase that real value in terms of land began to be realized. For the first time in history, land assumed value in terms of money. In fact, the purchase caused a nationwide uproar because of the devout feeling that a young nation had been cheated and swindled by shrewd financial wizards of the old world. No one could visualize that the Louisiana Territory would be worth many, many times the 15 million dollars it cost. The Louisiana Purchase was followed by the Alaska Purchase in 1867. This was referred to as Seward’s Folly, and considered a waste of money and a stupid purchase of worthless, frozen wasteland. During an interview conducted in 1960, Anastas Mikoyan, the first Deputy Premier of the U.S.S.R., offered to pay the United States 1,000% profit if we would sell Alaska back to Russia.

      You may ask, Why is land so valuable? Because land has made more people rich, happy, healthy and secure than any other commodity in the world. There is much misunderstanding about land values. You may hear people exclaim, That isn’t worth what they are asking for it. It’s just too far away! Actually, they’re right, for the time being. Population expansion is occurring so fast and transportation is becoming so advanced, that soon no land will be too far away.

      There is not one specific thing that makes land valuable. It is more a series of things. First, of course, there is only so much of it and no more. Obviously, we cannot manufacture land in the manner that we manufacture automobiles. This fact alone increases land’s value. Second is the use to which the land is put. Will it be most suitable for a home site, an apartment, a motel or recreation area? Could it be a commercial site with features desirable for a store or mall? Third is the location of the land. Is it near a city or in the country? Is it close to good transportation systems, schools, shopping, a lake or resort area? Is it in an improving area just starting to expand so that the appreciation in value is accelerated? What are the restrictions on the use of the property and, just as importantly, the adjacent properties?

      All of these factors determine the value of the land. If your investment is in a new community where there is a good pattern of growth, your land increases in value because you are buying at the beginning of a rise as opposed to making your purchase in the middle or near the top. In the old days, a lot of Georgia landowners sold off their property to the United States Forest Service, for as low as $1.50 or $2.50 per acre. In 1978, you could still buy large tracts of 100 acres or more for $600 to $800 per acre in this area. Fast-forward to the year 2006 and this same land is selling on average for $15,000 per acre.

      In coming years, the tremendous forces of population, immigration, retirees and increased business will move in like an avalanche on the limited supply of country land. A greater and greater demand is being made, and will continue to be made on the precious commodity – Land.

      What about land investments? Everyday, millions of Americans are investing unknowingly in land. The money that is placed in banks is, to a large degree, invested in real estate. Profits from these investments make the banks rich and are the dividends paid to the stockholders. If the banks can do it for you, why can’t you do it for yourself? You can! All you have to do is start. Let’s look at it this way: land is a money saving investment, a sort of forced saving with a growing dollar value. The sooner you start, the more money you will make. Select good property with a potential and begin! This simple philosophy of investment is the keynote to success and has been the foundation of many a millionaire’s bankroll.

      I assume that your next question will be: How is it possible to make a profit? Land increases in value because of what happens in surrounding communities. Values depend largely upon progress, the use to which the land is put and the general activity of the area – population wise. Since there is only so much land, as population increases, we automatically increase the value of the land. If the land is in a healthful climate, has recreational facilities and is near enough to industry or agricultural centers, then it will increase in value rapidly. People would rather live in clean suburbs, in the country, at the seashore or in the mountains because they like to fish, go boating or play golf. Of course, as this migration takes place other people come into the area to provide the support services needed for them such as the stores to buy in or the homes in which to live. It is this cycle that makes real estate a secure and profitable investment. Unlike the automobile, land does not lose its value from the start of the purchase. In fact, it increases in value from the very start! There is no sleight of hand involved. Put simply, land appreciates and an auto depreciates.

      If you understand this difference then the following facts will fall logically into place for you. Land increases in value by growth in the area. Better accessibility to adjacent areas due to new roads allows greater migration. A location that offers pleasurable activities and a healthy climate, where a person can relax and enjoy life, is most desirable. If you buy in the path of growth, this means that profits can be accrued from the very start and every activity in the development will help your land increase in value. Every truckload of goods transferred into or out of adjacent areas automatically adds value to your property. This is activity – this is growth – this is progress. Every structure built on or near your property adds to your profit. The improvements a developer makes, the streets he puts in, the water lines and the electricity he contracts for, all add to the value of your property in that vicinity immediately. It means that the original buyers of the development actually have thousands of other people working for them to make their property increase in value. Of course,

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