It’s as Easy as One, Two,Three, Four Doors; How to Knock
It’s as Easy as One, Two, Three, Four Doors©
In Australia and the United States approximately 8% of the countries populations own investment real estate, and in Canada, the number is half of that at 4%.
Part of my training, coaching and consulting advice is “The 4 Door Method of Investment Real Estate,” where ever you live in this world.
My philosophy of 4 Doors is a simple method built around the premise that two investment real estate doors are for your quality of life, one entry for family and the last door for the community.
As you age and you pay down these doors; these homes become more financially meaningful. They are for you to have less reliance on your employer, government, and society.
The family door is for children and ageing parents; this door should get your immediate focus. This door should fund your family’s activities, whether it is caring for ageing parents, children’s education or family vacations.
The fourth door is about community; this door should be third in focus. This door built around community and to utilize as your living legacy.
What is my definition of focus and order of discussion when it comes to “The 4 Door Method of Investment Real Estate?”
4 Door Focus and Order of Focus:
- Door One The Family Door
- Door Two The Quality of Life Door
- Door Three The Community Door
- Door Four The Quality of Life Door
The Strategy
With investment real estate my goal is to get you to purchase four doors and then to focus on paying off these doors over time. (Buy and Hold)
With mortgages in place you may start to pay each door off on an equal basis; over time you will begin to see more money going to principle and a good chance you will be able to raise rents and collect more revenue. The focus then shifts, and my recommendation is to take the surplus revenue and put towards paying off one door. (mortgage)
My belief is simple; first, you need to focus on your family; children and ageing parents. (Definition of a family can be broader; could be other relatives and friends who feel like family).
You need to take care of your family before you start taking care of the rest of society and community. Gratitude and generosity need to start at home first; the world would be a better place if people focused on family first.
You also need to take care of yourself; hard to take care of others if you can not take care of you.
There is lots of society and community to be serviced. Taking care of a community is a big task; once you are ready to focus on a community, you will be clear on what part of your community you will focus on. Experience of living life brings clarity to a community.
Through my blog, podcast and book I am going to work hard to help guide you on turning investment real estate into a strong financial foundation creating sustainable wealth and a living legacy for all who are looking for better returns on their investments and life.
In my book we will continue to discuss the purchasing strategy; It’s as easy as One, Two, Three, Four Doors©.
Are you ready for more discussion? Just Knock and write your comments below!!
About the author, W. Rick
Dynamic entrepreneur and sales management strategist; with over 20 years of experience in his field. Rick has achieved multimillion-dollar sales growth while providing award-winning sales leadership and coaching in highly competitive markets.
An active real estate investor since 2002, Rick has developed his purchasing strategies and processes specializing in vacation and recreational properties, single-family homes and condo rentals.
In 2005, Rick re-financed his first rental property to fund the purchase of more positive cash flowing rental properties.
Rick sits on the Board of Directors for several condominium associations and is an active President and Treasurer. Sitting on these boards has given him a wealth of experience and insight into working with property management companies.
Rick has partnered with several joint venture associates and is committed to creating a positive investing experience for his associates by finding the properties, developing the investment, securing the financing and executing a proven positive cash flow system.
Why should you choose Rick as your Online Vault to Investment Real Estate Success Advisor?
An outstanding mentor and coach, Rick will work with you to build your investment real estate business starting from the foundation. From guiding you through the market research and critical drivers, building your team of trades, realtors, and lenders to attracting the investment real estate properties right for your portfolio and the joint venture partners to help you grow.
Through direction and training, Rick will help you develop your investment real estate goals and be a catalyst for you to purchase your first investment real estate property so you can build a strong financial foundation unlocking sustainable wealth and a living legacy for you and many generations to come.
Thank you for taking the only asset that gives us so much through life, but we can never get back our time.
Please join Rick on living his mantra:
” Prosperity for all aspects of your life forever.” W. Rick Harris