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    Do the Work Once, Get Paid Forever: How Smart People Invest in Real Estate
    Do the Work Once, Get Paid Forever: How Smart People Invest in Real Estate
    Do the Work Once, Get Paid Forever: How Smart People Invest in Real Estate
    Ebook118 pages1 hour

    Do the Work Once, Get Paid Forever: How Smart People Invest in Real Estate

    By John Bogdasarian

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    About this ebook

    Real estate investing might not seem very sexy, but it's the most solid, dependable, predictably profitable way to diversify a portfolio. And you don't have to be an expert to make very solid returns. All you need is the right partner and the guidance provided in this invaluable book.

    With his signature, quirky wit, John Bogdasarian offers essential advice on how to get started with investing in real estate and how to move forward. He describes the different types of investors and investments and explores their risks and rewards. Most importantly, he shows you what to look for in a deal sponsor who can lead you to prime opportunities while handling the intricate details.

    Unlike many markets, real estate always rebounds. You do the work once and get paid forever. Bogdasarian will show you how smart people invest in real estate. If your goal is to make money and protect it, there's simply no better way to go.
    LanguageEnglish
    PublisherBookBaby
    Release dateOct 1, 2019
    ISBN9781544504537
    Do the Work Once, Get Paid Forever: How Smart People Invest in Real Estate

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      Book preview

      Do the Work Once, Get Paid Forever - John Bogdasarian

      ]>

      ]>

      Copyright © 2019 John Bogdasarian

      All rights reserved.

      ISBN: 978-1-5445-0453-7

      ]>

      Contents

      Introduction­­­­

      1. Why Invest in Real Estate

      2. Finding the Right Partner

      3. Starting Out and Moving Forward

      4. The Right Deal and Deal Philosophy

      5. Investor Due Diligence

      6. Accredited Investors and Smart Investors

      7. Types of Real Estate Investments

      Conclusion

      ]>

      Introduction­­­­

      Full disclosure: I’m not a writer. English was never my strongest subject in school. Actually, other than math, I don’t think I had many strong subjects in school—maybe public speaking.

      I’ve written out my words in conversational tone on the following pages, and I hope you will find the information useful and informative. My ultimate goal is to help get the world’s real wealth distributed among as many people as possible without using law, taxes, or incentives. I want people to KNOW what real wealth is AND to earn it for themselves.

      I also want people to teach it to the next generation. What is real wealth? For me, it’s owning great real estate. There are other ways to create wealth; however, I don’t personally know anyone truly wealthy who doesn’t own some substantial real estate as part of their holdings.

      This book is written for professionals and business owners who have limited time and energy to nitpick the details of real estate investment deals. It’s for people who have money to invest in real estate but need a good steward for that money—somebody who will take care of it. I hope a few younger deal sponsors out there find it useful as well.

      I sincerely hope that you find this information useful and that you will share it with others as well. This project took a lot longer (and was WAY more difficult) than anticipated. I have the utmost respect for REAL writers, and I wouldn’t dare call this a real book. Having the combination of my skillset AND being able to write doesn’t really seem highly probable, because if someone spent their entire life getting the real estate experience that I have, then they’d have no time to practice and learn how to write properly.

      Some people say that you shouldn’t put a crappy book out there. That’s okay; almost all my teachers thought I was a major distraction and wouldn’t amount to much. Fortunately, I had amazing parents who supported me (especially you, Mom) no matter what my report cards looked like. I didn’t listen to the people who told me I wouldn’t amount to much. I didn’t listen to all the people who told me I should study hard and get a good job. I never listen to bankers who turn down financing for my projects. And I don’t see the point in listening to people who tell me not to put out a book.

      Don’t let people rob you of all the things you are capable of doing, all the help you are capable of providing, and the wealth you are capable of building. There’s way more to this than the money—you will see what I mean.

      I would like to thank everyone I’ve ever come in contact with because I’ve learned from you all. From my first memories around age four or five all the way to today (age forty-nine right now), I have been blessed to be able to observe and learn from amazing people. While my goals have changed over time, every single one of them has been met (except the whole movie star thing), and there’s plenty of track left (even though it has a lot less to do with money now).

      I learn by setting clear goals and then working to achieve them. Many people will cast doubt on you and your goals, and I like to say, There’s no good argument for not trying.

      I tried to write this book, I wrote it, and I learned more from doing it than I would have from not doing it. I hope you find it useful and worthwhile. Cheers! And thanks for giving it a go…

      ]>

      Chapter One

      1. Why Invest in Real Estate

      I assume that if you’ve picked up this book, you’re interested in real estate already, or you’re interested in the real estate space in general, right? If you’re like me, you enjoy reading books about the positives of this industry, and there are many. In fact, if you’re reading this, you’re ahead of where I was when I first started. I learned a lot of things the hard way, by trial and error, and I later learned (as I became successful) that there is a wealth of knowledge out there. In this book, you’ll reap the rewards of my own hard-won knowledge, and I’ll also point you to other fantastic resources.

      Real Estate Investing Isn’t Sexy

      Maybe it is. This all depends on your view of sexy. If your mission in life is to gain stature and wealth, you can do it through real estate; however, real estate investing can be boring and slow-moving. The best deals should be boring. The sexier they are, the worse they tend to be—usually.

      Real estate tends to be stable and predictable. Everything moves VERY slowly. If you’re paying attention, you can and should always be one step ahead of things. You don’t need to be right on top of the latest news and information because it moves slowly. You have months to try to figure things out. When we talk about real estate being bricks and mortar, literally, you’re buying something tangible. You can touch it and feel it.

      The stock market provides intangible financial products—conjured items, if you will. You may have a claim on a company’s earnings if you’re a partial owner, but you’re such a small piece that you have no say in what happens. If you invested in Ford when it initially went public, at times you’d be very wealthy (on paper) and at other times broke, and then you’d be rich again. If you hold a stock long enough, eventually you will lose your money because every company ultimately goes out of business. No company lasts forever. That’s the reality of companies. Think about it: how many times have you driven by a restaurant you knew, only to discover that it had closed or that all of a sudden, there was another restaurant in its place? It happens all the time. Businesses come and go. But real estate lasts forever in the sense that a location is not going to go out of business. Whoever owns the property of that restaurant (or retail space, or office building) is still getting the rent check. Someone will be putting a business there, and the only sure way to make money is to own the space, not the business. The businesses that rent from us come and go. We want them to be successful, of course, but because we’re in real estate, we never go out of business as long as we buy solid locations.

      Whatever real estate you own—whether it’s a home, an office, a warehouse, or a factory—it provides value. It provides a space where someone can do something that creates value for others. It seems so simple to me, and it should to you. At minimum, real estate investments should represent at least 20 percent of your portfolio—they represent 80 percent of mine. The trick is finding the right people to invest with, and that’s what this book is about.

      Diversification Is Important

      Even though I invest heavily in real estate, I understand that diversification is important to financial success. It leads to greater returns and better sleep at night, knowing all of your money isn’t tied up in one thing. For most people, anyway.

      My rule of thumb is to divide investment funds into three to five different baskets. There are many ways to accomplish this. For example, you could choose to put 20 percent into real estate and the remaining 80 percent in other investment avenues such as stocks or bonds.

      Another option, and obviously my preferred

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