Eagle Quest Properties

Volume #2 Issue #5

2009

The Power of Leverage
We love real estate investing because it allows you so many ways to leverage money and assets and build wealth.  Let’s look at a small example:

$200K asset leveraged you can get at 20% down. You could probably get in for no more than $10K if you use seller financing or other people’s money, where you control $200K asset for $10K. This has an net operating income of $20K. Then $1394 per month on the 190K at 8%, that is $16,728 per year which leaves $3,272/ year in positive cashflow. That is $3272/10,000 which is 32.7% return. Do you have other money earning 32% A YEAR? On a $200K deal you can get a 4 unit building depending on your market.

Take this small asset and raise value over the course of a year, then you have an asset base. If you were able to increase rents by $25 per month per unit, or $100 per month, or $1200 per year, or at 10% cap rate is $12,000 of additional value on your property every year. You are then earning a 120% per year. If the cashflow is there, it works.

You might want to ask where’s your money working the hardest for you right now?  The sooner you find the ways to leverage your money, the closer you are to financial freedom.

The Millionaire Mind Intensive – June 18,19,20
If you have read T. Harv Eker’s “SpeedWealth” and have learned his financial philosophy and powerful wealth principles, you might not want to miss his Millionaire Mind Intensive event coming up in several North American cities.  We are excited to go to the event in Toronto June 18-20.  Being “street-smart with heart”, Eker is one of North America’s foremost business and personal success coaches.  He evangelizes, “If you are going to work hard anyway, you might as well get rich…and the quicker the better!”  Re-attends can go for free.  If you’re new, it’s a very minimal fee.

KYC, Avoid Being Spammed
It is critically important to know the “Know Your Client” rule on the Internet.  You have to know who’s sending you e-mails regularly to avoid being spammed.  Fortunately, Daniel is a techie.  Unfortunately, he detected a company has been impersonating our company using our company name to spam other individuals or companies.  He found out this by status messages bouncing back to us from the spamee’s mail servers.  After examining the message headers, he’s determined that it might even be happening without the marketer’s knowledge.  The marketer is using what’s known as viral marketing software.  They’re supposed to be legitimate, but all we’ve found is bad press about bugs in their software.  We already have the company’s hosting company reviewing it with their legal department.  Hopefully we’ll see an end to it soon.  Our database has not been compromised; the email addresses we have noticed are not even in our database.

Our sincere apologies to the people or companies being spammed by the company impersonating us.  If you have any comments and suggestions, we appreciate you letting us know.

A Note of Thanks
We are so delighted to have received some nice compliments on our newsletter.  We are still trying to improve our newsletter, so your comments and feedback are truly appreciated and always welcome.  We are really thankful to have received some interest to be our joint venture partners.  We also want to thank those of you who are willing to share your resources on finding deals or finding power team members.  We want to thank July Ono, who mentored us on how to write a newsletter and her encouragement keeps us writing more.  Especially, we thank more than 600 of you for reading our newsletters to stay connected with us monthly.

“If you are not using leverage, you are working too hard and earning too little!”

Daniel Lynes and Julia Lee Lynes

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