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The Wealth Formula At the end of this session, you will: 1.Learn The Wealth Formula 2.Learn Types of Income 3.Develop Millionaire Mindset 4.Implement Wealth.

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Presentation on theme: "The Wealth Formula At the end of this session, you will: 1.Learn The Wealth Formula 2.Learn Types of Income 3.Develop Millionaire Mindset 4.Implement Wealth."— Presentation transcript:

1 The Wealth Formula At the end of this session, you will: 1.Learn The Wealth Formula 2.Learn Types of Income 3.Develop Millionaire Mindset 4.Implement Wealth Formula 5.GET STARTED

2 The Wealth Formula What Will It Take to Be Wealthy?

3 The Wealth Formula It Starts Here… Learn The Wealth Formula Learn Types of Income Develop Millionaire Mindset Implement Wealth Formula GET STARTED

4 The Wealth Formula Stage One Investing… Amount Invested 165/Month Time Period25 Years Rate of Return??????? Financial Goal1,000,000

5 The Wealth Formula Reasons Sellers Become Motivated: Economic Local Economic Changes Local Neighborhood Changes Law Changes Zoning, Rent Control, etc.

6 Finding Deals Realtors/MLS (Multiple Listing Service) Types of sellers Pros Cons Tips & Considerations

7 Finding Deals Newspapers Types of sellers Pros Cons Tips & Considerations

8 Finding Deals Legal Newspapers/Courts Types of sellers Pros Cons Tips & Considerations

9 Finding Deals Driving for Dollars Types of sellers Pros Cons Tips & Considerations

10 Finding Deals Foreclosures Types of sellers Pros Cons Tips & Considerations

11 Finding Deals Bird Dogs Types of sellers Pros Cons Tips & Considerations

12 Finding Deals Advertising Types of sellers Pros Cons Tips & Considerations

13 Finding Deals Advertising Flyers Business Cards Newspaper Ads Car Signs Bandit Signs Trade shows Radio & TV Website REIA Groups Expired MLS Yard Signs Direct Mail

14 Finding Deals Contacting Motivated Sellers 1.Advertising 2.Direct Mail 3.Telemarketing 4.Drive By/Door Knocking

15 Finding Deals What We Covered This Session: 1.Recognize a motivated seller 2.Summarize WHY sellers become motivated 3.Three specific tactics for motivated seller marketing 4.Explain how to target market to motivated sellers

16 Next Session… Evaluating Discount Property


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