John C. Howard @SoCalJohnnyc

Sales? Buy Investment property. Doctor? Buy Investment property. Tech? Buy Investment property. Lawyer? Buy Investment property. Teacher? Buy Investment property. Entrepreneur? Buy Investment property. Cash flow, Appreciation, Amortization, Tax benefits, expand borrowing.

This is how to buy a house if you're broke: USDA rural development loan. Govt gives us money to purchase a property in a rural area. These rural areas are typically 30 minutes + outside the city. Purchase a home with $1000 in your bank, 620 Min FICO and 2 years on the job.

Real Estate Acronmys of importance: PSF - Per Square Foot EOI - Expression of Interest LTV - Loan To Value HNI - High Net Worth Individual POA - Power Of Attorney LOI - Letter Of Intent AMC - Annual Maintenance Charges PMC - Property Management Company AOS- Agreement to Sell

Industrial Real Estate Cheat Sheet What to look for when buying a property: Highway access Flexible zoning and outdoor storage 1 dock per 10,000 square feet 18 ft + clear height 120 ft shipping court Flex office 10% - 20% Big box office 10%

Industrial Real Estate Cheat Sheet What to look for when buying a property: Highway access Flexible zoning + outdoor storage 1 dock per 10,000 sq ft 18 ft + clear height 120 ft shipping court Flex office 10% - 20% Big box office 10% Column spacing: wider = better

If your main circle isn't discussing: Escaping an unfulfilling 9-5 Staying Active and/or Fitness Self improvement Launching independent consulting or a business Efficient Investing Then its time to optimize your circle! Your network is powerful and its effects compound!

A sure and consistent way to a wealthier future is to have a two income household with someone that has the same goals as you. One income pays the bills and the other income stacks investments. If done consistently this can compound more quickly than a single income.

Path to a millionaire in 2025: Spend < than you earn invest 20% of income each month Increase income every year with your job, assets, skills or side gigs Own assets: Index funds, real estate, a business Eliminate high interest debt Use tax shelters: Roth IRA, 401K, IUL's

If you earn $150k per year in W2 income you'll pay ~$36,722 in taxes. If you earn $150k per year in stocks with long term capital gains you'll pay ~$12,998 in taxes. If you earn $150k per year with Real Estate or a business, you'll likely pay $0 in taxes + offset other income.

Signs you're doing above average financially: Investing for retirement (37% aren't) Don't have consumer debt ($23K+ is average) Have an emergency fund (37% don't have $400 saved) Have a mortgage under 5% (7% is the current rate) Have no car payment ($740 is current average)

Money can't buy happiness. But it can buy real estate

Each investment property you purchase has a percentage of freedom acquired. If one investment property = 20% freedom, purchase 5 and achieve 100% freedom. All you need is the down payment for the first and a 660 FICO score for DSCR loan. Use property equity for the other 4.

If I died tomorrow or soon, my son would have ~$200k per year in rental income + ~$3 million in rental property in CA to help pay for his life. And this is just the beginning, how he could start his adult life. Investment property has a valuable place in life and family.

Doing one real estate deal is worth way more than reading hundreds of books about it. Reading a book and getting prepared is certainly a great start and a good idea, but it doesn't replace real world live experience.

Reminder: You can buy a 2-4 unit for 5% down through Fannie Mae as of the end of 2023. The requirement is that it is owner occupied but owner can rent the other units. Credit requirements are not that strict.

Mortgage Hack: Purchase a $500k home, 5% down instead of 20% and pay PMI. Pay $250 / month PMI, use $75K for high ROI renovations. Contact lender to remove PMI, your property is now worth more. Keep paying $250 / month but toward principle & save 6 figures in interest.

5 things you gain when owning property: 1 - Owners have 40X more net worth vs non owners 2 - Long Term Equity. Ave $147k property wealth over the last 5 years 3 - Stability and Predictability with a fixed rate 4 - Freedom to personalize 5 - Sense of emotional security

How much money you need to purchase a multifamily property: 2 - 4 Units (owner occupied): FHA Loan, down 3.5% or $35,000, flexible credit Conventional Loan, down 5% or $50,000, stricter credit than FHA DSCR Loan (Investor Friendly), 20% - 25% down, no income requirement

5 signs a home is overpriced: 1 - It's stuck on the market 2 - It's been on and off the market 3 - Similar homes are selling but not this one 4 - Price per square foot seems off 5 - Online estimates show lower value

Most people just rent their income. If you rent your income and stop working, you no longer get paid. But, if we own our income, we get paid regardless if we show up to work. This can be done with income producing assets like high dividend ETF's and Investment property!