How a Broke Guy Made a Fortune with No Money Down Real Estate
Posted: Sunday, October 16, 2005
by Martin Thomas
Opportunity-investor.com
Jack Reynolds was a quiet guy who had some ambition, but no real drive. I met him through my brother who introduced me when we were just getting going in our own endeavours in real estate.
My brother was selling Jack insurance and they struck up a conversation about real estate and one thing led to another and I finally met this young guy.
Jack was an unemployed graphic designer. Well, not exactly, he did a course, and never did anything further. He had ambition but really had no idea about which way to turn or what to do with his life.
He instinctively knew that real estate would be something he would be interested in but felt becoming a real estate agent was beyond him. Nor did he want to work week ends and long hours.
My associates and I were just begining to wind out our own plans at the time, so Jack happened to be at the right time at the right place. He got no financial help from us but he did learn alot. We gave him advice freely based on the information we worked so hard to uncover for ourselves. He even taught us a few things near the end of our association with this young man.
Today jack reynolds is the operations manager of opportunity-investor.com and a trusted associate. Of course he does this not for the money, but purely because he enjoys the environment of our company culture. He is one of the guys and enjoys being around.
What did I tell him about real estate that day that was the catalyst to his transformation?
Simple. I undid his programming about saving for a downpayment and the need for a steady work history to qualify for bank finance to get involved in real estate. I helped him understand that having no money was not a barrier to trading in real estate. I also encouraged him on a personal level.
In short I validated his position. I made him realize that it was OK to be poor and still have dreams. I gave him self belief.
I have alot in store for you too.
My very best to you.
Jack Reynolds was one of Martins students, he was a broke Insurance salesman only 2 years ago, today he owns assets valued at several million dollars. What did he do in 24 short months? You can read about Jack's remarkable and rapid transformation and download Hayden's famous book "The Million Dollar Mentor" by clicking here
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