The 7 Steps To Wealth Creation Through Real Estate Investing - Richard Garcia

Richard Garcia 2
 
The 7 Steps To Wealth Creation Through Real Estate Investing
Copyright © 2020 by Richard Garcia and CashFlowClub
All rights reserved.
Permission to reproduce or transmit in any form or by any means,

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The 7 Steps To Wealth Creation Through Real Estate Investing is a

registered trademark of Richard Garcia.
To order additional copies of this title, e-mail:

[email protected]
The author may be contacted at the following e-mail address:
[email protected]
website: joincashflowclub.com
First printing November 2020
Library of Congress Cataloging-in-Publication Data
Garcia, Richard
The 7 Steps To Wealth Creation Through Real Estate Investing /
by Richard Garcia
p. cm
ISBN: 9798566598192
1. Real estate investing. 2. Real estate. 3. Wealth.
4. Properties. 5. Cash flow. 6. Co-investing. 7. Business.
Published by Inky Press | A division of Incubate Media, LLC. | incubatemedia.us

Printed in the U.S.A.
14 13 12 11 10 1 2 3 4 5 6 7 8 9 10
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To whoever reads this book,
the time is now.
Table of Contents
The 7 Steps To Wealth Creation Through Real Estate Investing
by Richard Garcia
Step 1: Introduction To Wealth Creation p. 7
Step 2: What Led Me To Real Estate p. 26
Step 3: Never Own Your Home p. 46
Step 4: How I Got Started p. 63
Step 5: Why Multi-Family Is The Best Investment p. 78
Step 6: Don’t Stop At One p. 96
Step 7: Money Burning Mistakes p. 109
Bonus Content: Cash Flow Club p. 127
About the Author: Richard Garcia p. 133
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STEP 1:
Introduction To
Wealth Creation

The 7 Steps To Wealth Creation Through Real Estate Investing 7

H
ave you ever heard the term hindsight is
20:20? When you look back and reflect on
your past, you see everything crystal clear
because you've already experienced it. You’ll see your
mistakes, your failures, your successes, the opportunities
that you took and the opportunities that you missed.
Everything you went through appears with a new
perspective.
When I look back, I think to myself about all those

missed opportunities. See, I grew up in a very rough
neighborhood in Miami called Hialeah. Everyone in and
around this neighborhood typically stayed for their
entire lives. It’s because they all had one thing in
common. They didn't live up to their full potential. Early
on, growing up there, I always had a feeling that I wasn't
cut out to simply live a mediocre life like the majority of
the people around me.
My mom was a single mom by the time I was eight

years old after my father passed away from cancer at 32,
the same age I am today. He died just six months after
being diagnosed. In my eyes, it all happened so fast. It
Richard Garcia 8
not only traumatized me, it changed my life forever.
Losing a loved one at a very young age changes you.
Losing a loved one period, changes you. But losing your
father makes you feel like you have to fend for yourself,
like you're alone. I lost somebody extremely important
that couldn’t give me guidance anymore. But I look back
now and see how much stronger this made me. In fact, it
made me the person that I am today. It's unfortunate that
this event had to happen in order for me to have the life
that I have.
I was the oldest of three boys, so my mom needed to

make ends meet in order for us to survive. I was
fortunate to have family, but the family I had were
immigrants from different countries that had come to
Miami. Learning from them was a major challenge
because the life they were living in the United States,
wasn't the life that I wanted. At a young age I realized
that I had a lot to figure out on my own.
Therefore I decided to take advantage and improve my

life. I remember the first time I made hundred dollars
like it was yesterday. My mom had given me $20 and

told me to go buy some school supplies. I figured I'd go
to the dollar store that was just around the block, so I
went with my friends a couple of days later. I took the
school supplies I bought, divided them into different
boxes. Each box had a variety of different pencils, pens,
paper and so forth. I sold each one for $10. I remember
coming back to my mom with a hundred dollars in my
hand at eight years old feeling so proud of myself, I was
thrilled. Now looking back, I know that this is
something most kids wouldn’t do. I guess that’s what
sets entrepreneurs apart isn’t it? A will to be different
from the norm. That was the first time I remembered
making money on my own.
Miami is fast paced, growing up there you have to be a

different breed. It's a major city, top three in the country,
with massive amounts of crime, and poverty. But if you
know how to take advantage of it there’s a lot of
opportunity too. You see, I had a lot of friends growing
up, some of them had money, some of them didn't. That
gave me perspective into other people's lives. I started to
compare my life to theirs. I thought to myself, “it's
unfair that these guys have such a good life. They have
Richard Garcia 10
both their parents, they have money, opportunity,
materials, and I have none of that.” At least, that's the
way I felt.
That's the thing though. You can have all of that, and
still not know your advantage in life. You begin to take
things for granted when you grow up in a reality that is
comfortable. From a kid in a poor area without my dad I
had nowhere to go but UP! I recognized that early on,
exploited that and started to find my path. I wasn't good
at school, but I was good with people. I just took action.
Someone would say, “Hey, let's go do this.” I always
said yes, not for the thrill or the experience, but just out
of sheer boredom. It always panned out into a
memorable time. Your ambition is typically going to be
based upon your hunger and your goal.
If you don't have big enough goals, you're not going to

be hungry enough. If you're not hungry enough, the
ambition will be very difficult to manage, grow, and use
to your advantage. If you're reading this right now, and
feel like you have no ambition, it's because your goals
are not big enough.

Fast forward to when I was sixteen years old and had
just started my first business. Now, I didn't incorporate it
or anything like that, but it was something I enjoyed
doing at the time. I had been approached by a nightclub
manager and he wanted me to sell presale tickets for
what was considered back then a hot spot in Miami. So I
went and started selling these presale tickets. But instead
of being a one man team I was thinking bigger. After
just a few days I realized the possibilities of the role. I
brought on many of my friends so they could also sell
the same tickets and I didn't have to. I just managed
them. It was my first business, a very profitable business
too. Until it eventually died-off.
At seventeen I got my first job at Walmart, and as you

can imagine this job was not fun. I hated it because I
wasn’t able to control my time. While all of my friends
were out on the beach, especially the ones that were
rich, I was at Walmart collecting $7 an hour stocking the
shelves.
Richard Garcia 12
I hated it so much that I figured out a way around it. I
offered one of my colleagues lunch everyday on me, so
long as he would swipe me in and swipe me out at work.
That allowed me to constantly take in checks while I
was at the beach with my friends. The only thing I
needed to do was send him some money so he could buy
himself lunch. Obviously I got fired shortly after, but it
taught me something. First thing you should know about
me is that I don't like working. And second, I am
happiest when I have full control of my time.
Not long after getting fired I was spending time with a

distant acquaintance and he said, “Hey, Richard, what do
you do?” I said, “I don't do anything.” He told me,
“Well, then what separates you from a homeless
person?” I said, “Well, I'm not homeless.” He said,
“Yeah, but you don't pay for your car, and you don't pay
for your living since you don't work. How do you
survive? You depend on people to give you money.”
Which was true at that time. It was hard for me to hear
that since I had just gotten fired from my first real job. I
knew in that moment that I didn’t want to hear those
words from anyone ever again. I wasn't going to let

myself go down the path of being homeless, going to jail
or waste my life doing something meaningless. My goal
instead was to figure out how to better my life.
I needed to figure out a way to no longer work, and

control my time a hundred percent while still making
money. When it comes to your nine to five job YOU
ARE STUCK. You're stuck being told what to do, what
projects to work on, who your colleagues will be, how
much you get paid, and how essential you are to the
business. You’re stuck being told what vacations you
can take, how much you can spend on your vacations,
what type of hotel you can afford, what you can do on
the weekends, what car you drive, and what house you
live in. All of that is determined based on the exchange
that you do every day between you and your employer.
That exchange is an exchange of time that you
contribute to that employer, equal to the amount that that
employer is willing to pay you, given the job you're
performing.
Why would you want somebody to dictate nearly every

aspect of your life? Why would you want someone to
Richard Garcia 14
dictate what your value is? And don't even get me
started on dependency. With a job, you are dependent on
a check that can stop at any time. Somebody else is
feeding you, instead of you feeding yourself.
This is where my ambition to become wealthy lead me

down a path of research. The path I needed to take in
order to find the opportunity that would take me to
millionaire status. That was the wrong way of looking at
it though. It’s kind of like being in college as a
freshman. The first day you walk onto a massive
campus, you're overwhelmed with joy, but also freaking
out with anxiety. Most students don't even know what
their major is going to be, because they have no idea
what they like.
What happens when you don't know what your major is?
Well, you take a lot of different classes. You figure it out
along the way. What I didn't realize early on was if you
want to become a successful entrepreneur or investor,
you have to start trying your luck and building small
businesses. Start small side hustles that can help you
bring in some capital. Many of those are going to fail,

and the next one you move to might fail as well. The one
after that may be successful, and maybe you become a
millionaire. Either way, you will find your business
model similar to how you found your major. You will
test the waters, and you're not going to give up. For me
that was one part of it. The second part was thinking
bigger. For example, once you pick a major like nursing,
you can become a nurse. But why stop there? Why not
become a doctor or a surgeon? Why not become the
best?
This is where my mind changed from thinking small to

thinking bigger. When I realized this at 18, I told myself
right then and there that I needed to figure out the exit
strategy as soon as possible. All the other options that
were there to me weren't fast enough. Working 20 years
is not fast enough. I wanted to be out of the workforce in
10 years max. It took me 12 years instead but like
Norman Vincent once said “Shoot for the moon. Even if
you miss, you'll land among the stars.”
I believe this way of thinking led me to a book called

The Secret. I read that book from beginning to end. It
Richard Garcia 16
was based on the law of attraction. Meaning, if you want
to achieve something, if you want to be somebody, you
need to align your thoughts with your goal and you have
to start taking action towards that goal. It was a basic but
very powerful statement for me at the time. I was
searching, I was lost, and felt like after I read that, I had
found something. But I wasn't sure what it was yet.
What I did know, was that I needed to do whatever I

possibly could to get myself out of the hole I was in. I
contacted as many people as I could in my contacts. One
of them said, “I know a position that's far away, but it's
working at a bank called Washington Mutual.” So I did
the interview and got the job as a teller at Washington
Mutual. Three months later, the bank failed and I had to
find another job. The market was also crashing. Still
only 18 years old I had no investments and no money in
the market. I decided I had to get another job.
I interviewed at Bank of America, and that's where I

started my first real career. I joined as a sales and service
specialist where I would sell products and services like
loans, bank accounts and credit cards, half the time. The

other half, I was a teller. I sat at the back of the counter
and helped people make deposits or withdrawals. I really
hated that job, but it taught me something important. It
taught me how to communicate with other people, how
to sell, and how to be more professional. Until then, I
didn't have any formal education, or formal training.
This was a major turning point for me. I started doing

more than what was asked of me and that's when I
started to take off at Bank of America. If you are an
employee, you need to become essential. The only way
to do that is by taking on extra projects or work that
your employer needs done. But most people are lazy,
they don’t want to do that. Between my sales and the
work I was taking on, I started to climb the ranks at
Bank of America.
I learned that money wasn't the end goal like most

people believe it to be. It's actually what gets you that
end result. I saw the projects and work at the bank like
the water that I stocked on the Walmart shelves. The
money, like the water, was just a product that I was
providing to people.
Richard Garcia 18
This taught me to not cherish money. Cherishing money
is actually the wrong thing to do. Instead, cherish what
money can give you. Money can give you the life of
your dreams and fulfill all of your big goals. People say
they want the money, but it's not the money that truly
makes you happy. It's the goal you want to achieve with
the money that leads to a fulfilling life. Thus I do not
cherish money since it is not the end all be all. It is
simply a tool used to create a better life.
At Bank Of America I saw all sorts of people. People

that had money, and people that didn't have money. I
saw people that you'd never imagine had millions of
dollars in their bank account. I saw others that you
would imagine had millions of dollars in their bank
account, but had zero money. I noticed that anyone
could do it. Anyone can become wealthy. It's just a
matter of recognizing your full potential.
I also realized that saving money takes way too long!
The only time saving makes sense is when you’re saving
to invest into something that can keep the money
coming in bigger and bigger amounts. I believe that
reinvesting it into your education is something that can

make you millions. In my experience it was trading
stocks, but for others it may be starting your own small
service business, turning your hobby into a side hustle or
anything really. Starting stock trading was the move that
I never expected would catapult me. It was the funds
that I had built up from trading on the side while still
working my 9-5, and it happened relatively fast. In a
way, those stock trading profits still pay me to this day.
Not only did I use that money to educate myself, it also
allowed me to buy the real estate units that I now get
checks from every single month. Becoming financially
free only took a few years once my mindset changed. As
my experience grew I started making a lot more than
what I was expecting.
Now let's not forget about the importance of time. In my

opinion it’s the biggest lesson life eventually teaches us
all. Something that seemed peculiar at first but I slowly
started to realize that time is priceless. As much as
people say that it is equal to money, it simply isn’t
money. It is far more valuable. You can make more
money, but you can't make more time. If you exchange
time for money, then you're actually losing.
Richard Garcia 20
When money makes money for you, you end up getting
all your time. I noticed that when I started to trade
stocks while I was still working for Bank of America.
This exposed me to an investment strategy that
accelerated my savings account. It accelerated my
growth, and I did this during a bad market when stocks
were coming down. I was learning strategies to make
money off of the market no matter how good or bad it
was for others.
By the time I was a junior in college, I already had

$600,000 in my account, a job that was paying me about
$65,000 a year, and I was just barely legal enough to buy
my first alcoholic beverage. This is where things really
start to take off. One thing I noticed with stock trading
was that as much as I enjoyed it, it was a challenge. As
much as I enjoyed making all the money I was making
between my side hustle and my nine to five job, I wasn't
building wealth. I was still living day to day. I had
money saved up, but I didn't have equity that was being
built in my life.

Equity is a very important word that you’re going to see
throughout this book. You will understand what equity is
as you start hearing the story about the growth of that
equity happening in my life. It will likely be the same
for yours. Building equity sooner in your life will give
you compounded equity later down the line, and that
will explode your net worth. Running a business as an
entrepreneur could produce equity for you since you can
sell the business in the future, and it's the same thing
with real estate.
The path that I chose didn't provide that type of equity. I

had to figure out how to build wealth the right way.
That's where I came across the Rich Dad, Poor Dad
series, which began expanding my mind as I was
searching for a strategy to use my money on. I felt
uncomfortable holding onto all that money because it
was most of the time just sitting there. That's where I
started educating myself in my early twenties about real
estate. I even went overboard and got my real estate
license. Although I didn't want to be a real estate
professional, I just wanted to learn more about real
estate. A real estate license doesn't actually teach you
Richard Garcia 22
more than just the transaction of exchanging the asset
for money, but it still helped. It drove a better mindset
that I could use in later conversations, negotiations, and
opportunities.
I have never once sold a house using my license, or

walked somebody into a property to show a unit,
because I knew that I did not want to be a real estate
professional. I wanted to be a real estate investor, and
there's a big difference there. Real estate investors want
to know the numbers and the specifics. They own the
asset. They take the risk, and the reward. A real estate
professional shows properties and is the middle person
between the buyer and the seller. They don't own the
asset and they don't benefit long term from the
appreciation or the cash flow. I wanted everything or
nothing at all.
After climbing the ranks at Bank of America during this

time I started working at Merrill Lynch. For one full
year I was in corporate working with the private wealth
division, and managing clients with more than 50
million in assets. I was exposed to a different life

entirely, a life that I'd never seen before, a life that was
bizarre to me. I had a client who called me one time
because he bought a Ferrari the day before. But, on that
day he called me, he was selling the Ferrari for a
hundred thousand dollars less than what he had bought it
for. He bought it online and he didn't fit in it once it
arrived at his house. Hearing something like that gave
me two feelings: I was intrigued and disgusted at the
same time. How could people live a life where they don't
even care about money? It's not a factor. They don't have
to make decisions when it comes to money because they
have so much of it. Imagine today you remove every
financial decision that you have in your life because you
have that much wealth. I wanted that when I saw that. I
envied it. I also knew I could make it happen.
Because of that, I got more aggressive trading stocks.

Soon after I left Merrill Lynch and became an ultra high
frequency trader for two years. This was all while I was
learning about real estate. Keep in mind, stock trading
isn’t for everyone. It’s a great way to make money from
home but you may be better with something far different
and just as profitable. The key is to generate an extra
Richard Garcia 24
income as soon as possible no matter what. So at that
time for me, the market was changing, and there was
volatility. I had already learned a skill that was
producing profits, and I took advantage of that
opportunity. That's when I bought my first real estate
property with my trading profits.
It's interesting how life works. If you see the

opportunities written on the wall, you're going to take
advantage of them. In this book, you're going to learn
how to build wealth through real estate passively. You
will learn how to control your emotions when
conducting business, and how to replace your nine to
five job with passive cash flow that comes in every
month for the rest of your life. If that's not something
you're interested in, it’s time to close this book and walk
away. This book is not for the weak. Let's get started.

STEP 2:
What Led Me To
Real Estate?
Richard Garcia 26
R
eal estate wasn't actually my interest. When I
first started, I didn't really have much of an
idea about real estate either. I didn’t know it
worked, how to buy or sell. I was pretty new to the
concept. I always lived in apartments and small houses.
My mom did have a time in her life where she was
buying a few properties, but it never went well for her.
In fact, in 2008, she lost everything.
But when I began educating myself through reading and

research my perspective started to change. It's when I
decided that passive income was really the ultimate goal
and real estate was the best route for me to take to
achieve that. If I had passive income from real estate, I
could replace my working income and I would have the
life of my dreams. Having that inspiration at such a dark
time in my life was a very bright light. So I followed it,
like a bug to a bulb. I followed it exactly the same.
Continuous passive income that comes in every single

month without doing a lot of physical activity is a goal
that anybody and everyone should strive for. At that
time, I made maybe three to five thousand a month from

my job. My goal was to try to replace that three to five
thousand, depending on how much real estate I could
buy. My first thought was “I need to find something that
produces this amount of money every month for me,
then I don't have to work anymore, and I can live the life
that I want.” But, be careful. If you quit your job too
soon without enough passive income from real estate
you will be suffering. You won't have enough passive
income as your responsibilities in life continue to
increase. I didn't want just enough to survive. I wanted
to thrive.
Everyone has a different definition of surviving and

thriving. I define survival as someone that is living
paycheck to paycheck. Someone that is an average
person, with an average job. If something were to
happen to them today where they had an additional
unexpected expense like a traffic ticket or car
maintenance, it would set them back weeks, or maybe
even months.
At the time, when I first started this journey, I was

surviving, and rightfully so. I was young, but I didn't
Richard Garcia 28
want to survive for the rest of my life. I had a family that
was surviving, and I saw how they lived. I didn’t want
that for myself. I asked myself, “what do I need to do to
thrive, not just survive? Also, what is my definition of
thriving?” Well, I first started thinking that it was just
replacing my nine to five income, but after I calculated
the numbers, I noticed that replacing my nine to five
income was just not enough. If I had a child or if I
wanted to go back to school, or if I got married I would
only barely be surviving.
All of these life changing events would alter my

financial circumstance. If I wanted to thrive, I needed to
make more passive income than what my nine to five
was providing. I needed to surpass my nine to five
income. That is my definition of thriving. Living above
and beyond anything considered average. More
importantly than that you start to think, now that I'm
thriving, what else is there to do? It's building
generational wealth, building wealth that gets passed
down generations. There is a continued compounding
effect of wealth creation in your lineage. You make it
easier for the next person in your generational family

tree to succeed. These are your children, so I'd imagine
that you would want to make it as easy as possible for
them. At least that's the way I think about it.
When attempting to thrive in life you must do so in all

areas, at all times. Most people believe that they only
live one life, but that is actually incorrect. You live three
lives. You can eventually live one life, but as of right
now, you need to use these strategies that I’m going to
lay out to you to build your three lives.
Your first life is your nine to five life. That's the life that
you live working for somebody else, depending on a
paycheck, hoping that the company never lets you go.
That nine to five life is essential, it will help you build
your second life which is your awake life. Your 6:00 PM
to 12:00 AM life. That’s the life where you need to build
a side hustle and make additional income. This might
eventually turn into a business concept that you'll
continue to make money from for years. The last and
most important life, and you'll see why, is your sleeping
life. Your sleeping life is one third of the life that you are
still alive. But sadly, the vast majority aren't making
Richard Garcia 30
money while they’re asleep. You need to have cash
coming in while you are at your nine to five, outside of
your nine to five, and while you are asleep.
Once you have mastered the ability to make money

through all three of these lives, you have a system that
will replace working, and will give you the life of your
dreams. That's why I chose to use my nine to five money
that I had saved and accumulated to invest into skills
and opportunities that monetize outside of work. The
first was stock trading. My stock trading side hustle
became what helped me monetize, and what fueled my
real estate investing. By buying real estate and becoming
a landlord, I receive cash flow, which comes to me while
I'm sleeping. It's money that comes into my bank
account while I’m not doing anything. You've done the
work in your nine to five, and your side hustle, so the
work needed in your cash flow real estate isn't really that
much. That allows you to make money while you're
asleep. Figuring out these three things, and having these
three lives monetized is extremely important.

Now here's the thing, you must build and structure these
three lives the right way. If you don’t structure them
correctly at the beginning, you will actually have to
work much more than you should. As I started to grow
into my career I quickly realized this with my
experience working for companies like Google,
Facebook and Tesla which allowed me to work from
home. Most of the people employed at those jobs aren’t
very fond of real estate. Especially since for most people
their goals in life are to become celebrities, musicians or
high position executives.
Becoming a real estate investor is extremely

conservative. It's actually one of the most conservative
ways of building and establishing wealth. In today's
world it seems everybody wants to get rich quickly.
Everybody wants to make money today, right now, at
this very moment. What they are not taking into
consideration is that they're sacrificing the longer-term
compounding value for the short term profit. They're
sacrificing the future wealth creation for instant
gratification. Which means they’re sacrificing
Richard Garcia 32
generational wealth. What you must look for is a path to
freedom, a path to remove yourself from the nine to five
job.
Nine to five jobs and the lifestyle associated with them

is what really consumes the majority of people's time.
Nine to five jobs are what takes you away from
essentially everything else in life that you want to
conquer and succeed in. Ask yourself, is your goal in life
to simply do this job and that's it? Or is it to, at some
point, surpass your ability of doing the bare minimum,
and eventually move away from it because you've built a
path to freedom that allows you to thrive not just
survive.
At some point, everybody has had to survive in order to

thrive, but thriving is not what everybody ends up
reaching. Most people, 99% of them, stay stuck
surviving and dependent on a paycheck. Dependent on
that income from an employer by exchanging their time
for money. At the very least, the easiest thing you could
possibly do in life is exchange time for money.

You have to go from exchanging time for money to
exchanging money for money. People like me are at a
point where my money makes money for me. That's
where I had a big gap when I started. I was missing out
on an opportunity to level up from survivor to thriver
and that's because I wasn't thinking big enough. I was
only thinking about me. I was only thinking about
myself. I wasn't thinking about the next fifteen to twenty
years. I was thinking about the next one, two or three
years. I was making short term decisions based off of a
one, two, even a five year time period. That’s too small.
You need to make the decision to do something that has
the ability to still be paying you passively 10 years from
now.
For example, creating a business, a product, or buying

real estate. If you are doing these things, then it's likely
with the mindset of 10 years out, you're making the right
choices. Which will prevent you from losing money,
whether that be spending it on materialistic things,
vacations, or anything in general that doesn’t get you
closer to your goal. Instead, you're going to be looking
at things and saying, "Wow, in order for me to get there
Richard Garcia 34
in ten to fifteen years from now, I need to start investing
the right way today.” Not just get there with
compounding cash flow, but also get there tomorrow
with compounding appreciation.
If you buy something today, you want to buy something

that is so good, it rises in value within ten years. With
real estate, in particular, you're going to learn in this
book that you can buy properties that rise in value
within 6 months that take normal investors up to a
decade. That's how we're going to go from surviving to
thriving faster and at a younger age. By doing this you're
not just creating generational wealth for the future.
You're creating generational wealth today, for the
present. When I finally grasped this concept is when I
went all in on real estate.
We're in a new era. Everything is digital, and remote.

Everybody can work from anywhere they want in the
world. Why can't we buy real estate from anywhere we
want in the world? Why can't we manage our portfolio
from anywhere we want in the world? There really isn’t

any reason why this can't be done other than your own
personal reality limiting you.
You see, I started buying real estate in San Francisco. I

was 3,500 miles away from Miami. I noticed that
Miami's data was showing significantly faster growth
rates of population density, and gentrification. The
values were significantly cheaper to buy real estate, and
the rental returns were at the same or more than most
other cities in the country. I also know Miami well
enough since I grew up and lived there for a while. It
only made sense to make money in an area where jobs
were plentiful and paid high amounts to their employees.
With just a quick Google search you can find that in

Miami, if you invest a dollar, you are benefiting from
receiving a dollar and three cents. If you invest a dollar
in California, you only benefit off of seventy six cents. If
you want to maximize your money, then you'll likely
need to look outside of your local area. You have to
think about where double digit, maybe even triple digit
returns are coming from. It’s likely going to be outside
of your own backyard. You have to think about a remote
Richard Garcia 36
capacity of managing real estate. And buying in a
different city only made sense because not only was I
not getting the value in San Francisco, I didn’t want to
stay there forever. If I bought just in San Francisco, I
would be stuck in San Francisco since the real estate
prices there are extremely inflated, making it harder for
someone to scale at a rapid pace.
However, remote real estate investing doesn’t work for

everyone. If you want to live in a place for the next
thirty to forty years, and work or invest in real estate
there, it makes sense for you to buy in your backyard
since you are buying where you are going to stay almost
forever. If you're like me, and like 90% of the world at
this point, everything is constantly changing. People are
constantly moving to different states, or different
countries for employment. If that's the case, then you
don't want to invest where you are employed. It might
not always be the most lucrative place to buy.
Separate to that, management of these properties and of

your portfolio can easily be done through remote
connectivity. Using FaceTime, WhatsApp, Zoom, or

any platform that allows you to connect with your team
is very simple. It also helps you build a team that you
can manage from a distance. Some of the biggest
enterprises in the world right now, Google, Facebook,
and Tesla, manage 90% of their employees from a
distance. This pandemic we recently went through has
caused the majority of the world to go remote. Most
people are still making money from home. What's
stopping you from investing in real estate and being able
to manage your properties from a distance?
You don't need to physically be onsite with your real

estate, but you do need a team in order to make that
happen. In fact you really shouldn’t be onsite at all. It
creates more headaches and takes your vision off of
scaling the overall portfolio. We will go through that
entire process in the rest of this book. The final benefit
of remote real estate investing is the ability to always be
on. You need to be able to pick up the phone, and make
a call. There's a plumbing issue, you make a call. There's
an electric issue, you make a call. You want to fill a unit,
you make a couple calls. Units are shown by having a
realtor physically present at the property, or have a
Richard Garcia 38
property manager do it for you. You can even have a
handyman do it for you, in the event that you need some
help and you are able to pay them a little commission.
The goal is to remove yourself from the physical
transportation of you going to and from your properties,
and constantly having to be onsite, which doesn't make
you any money. Instead, you want to design a way
where you only work remote, and manage your teams.
Most of your time is still focused on your side hustle and
your nine to five. The real estate day to day is primarily
managed by the team you’ve built.
That's what you call building a system. Building a

system is essentially the creation of systems and
operations within your business that allow you to
manage your team from a distance. For example,
automated invoicing. Every time a handyman comes and
sends me a proposal for work, I have automatic
invoicing that allows me to pay these partners. On the
flip side, my property manager and tenants pay me and
the invoices are automated directly to them. You need
these systems that will help you manage your

administration on the back end, without doing
everything manually.
Let’s say there's a unit you have and it goes vacant. Do

you just let it sit there and then put it back on the
market? No, you need operations in place. That way,
when a tenant vacates, there's a checklist that your team
follows to make sure it’s ready for the next tenant. How
long should that take, and what are the things that need
to be done? What's the checklist like, is it paint that
needs to be done? Is there cosmetic damages that need
to be covered? Do appliances need to be repaired or
replaced? All these things need to be a part of your
systems and operations. That's how you'll get to build a
system that works well enough for you to live anywhere
else you want in the world, while your team manages the
real estate. You have to constantly be improving the
operations of this system for it to become truly passive.
I'll give you another example. Working at Tesla, a

majority of goals in the factories revolve around creating
faster automation while making sure nothing breaks. My
main task when working at Tesla was to make the robots
Richard Garcia 40
in the supply chain much quicker. I had to improve the
overall operations and systems while making sure they
run smoother and faster. All of this, while still getting
vehicles out the door. That's the same thing you need
when it comes to improving your real estate operations.
This helped me in real estate because I saw the same
need for a system I already had experience with. I used
all this information I learned working at Tesla, Facebook
and Google, and applied it to my real estate portfolio. If
you structure your systems and operations early it will
benefit you greatly long term. This is the whole reason
why I built the Real Estate Fast-Track system which I
also decided to make into a course. I felt that my
strategy could help countless investors, especially
beginners, that don’t know how to build their real estate
into systems
When I first got started with real estate, I didn't have any
of this stuff. I didn't have operations or systems. I relied
on family members to help me out. I relied on friends, or
acquaintances to do the work of a handyman. Small
meager things, even collecting rent for me. Whatever I
needed help with, I relied on them, and I would

compensate these people for it, but you cannot grow like
that when you're depending on random people. You
could barely consider it a part time job. They weren’t
really getting fair compensation for it, or they were
doing less work than what I was paying them for. It's a
lot of factors. The biggest thing is, you cannot scale like
that. Depending upon people that don't have the right
experience for these jobs is no way to grow a business. I
had to learn that the hard way.
At the beginning I made big mistakes. It was especially

tough since I didn't have the systems and operations that
I'm telling you to use to your advantage right now. When
I started working at these big companies, I noticed that
my real estate was no different than their businesses. It
could have better operations, and systems, and it can run
much smoother. Since I hadn't implemented anything, I
was consumed by all of the very small tasks that my real
estate required me to do. This meant that I couldn't think
about buying my next property. The very thing that had
led me to real estate, financial and time freedom was
being suppressed because I was actually working more.
My real estate wasn’t optimized.
Richard Garcia 42
All these factors were of extreme importance to me
since the extra five minutes here, and ten minutes there
with a full time job, and side hustle prevented me from
scaling. When I started to implement systems and
automation, things completely changed. What kept me
going deeper was my fascination with the game. It was
like a puzzle. It started to become something of a
challenge. The business can always run better, faster,
stronger. If it can do that, then why shouldn't I figure out
how to continue to do this as I continue to add more real
estate. If I add more real estate and I keep on figuring
out better operations and systems that automate my
management, and practices, then it allows me to replace
myself. It allows me to focus on other things like my
stock trading, my nine to five, or maybe buying more
real estate, and that's exactly what I did.
I created a system where I lowered my costs, and kept

seeing more value come out of the portfolio. The only
thing I wanted to do was repeat that again and again.
Anything that you need to do to save time. If you have
to spend money to save time, it's worth it. The time you
save can be used to make more money than what you’re

spending. You should be trying to automate it, which in
turn will end up making you more. This is that passive
income mindset I developed more and more as I dove
deeper into real estate.
In a funny way my 9-5 jobs at Tesla, Google and

Facebook really led to my growth in real estate from
very small to a scaled portfolio. It allowed me to see the
clear steps. As I said before I had to make the Tesla
production better while still making Tesla’s. It’s the
same with real estate. I had to make the real estate
system stronger while still acquiring more. I saw the
parallels and ran with it.
Let’s recap. The first action that I ever took was to start
making extra money. That extra money came from my
side hustle, stock trading. And in turn all the money I
was saving from my job and side hustle was used to
create generational wealth through real estate investing.
Just like I told you, in the third life. Real estate pays me
while I'm sleeping. My nine to five job funded my
trading habits which in return made me more money.
When you are just getting started, the first step is to save
Richard Garcia 44
at least thirty to forty percent of your paychecks. Use
that thirty to forty percent to build your side hustle.
When your side hustle starts producing for you,
alongside your nine to five, you can then fuel the real
estate and automate it with systems. That's how I got
started, exactly to the tee. That's how I bought my first
investment property, and my second. It’s not hard, it’s
only a matter of consistency.

STEP 3:
Never Own
Your Home
Richard Garcia 46
O
ne thing I had to get over was this “American
dream” when I lived in San Francisco.
Everybody wanted to own real estate where
they lived. All my friends and colleagues. They wanted
to buy their own home and live inside a property they
owned. San Francisco doesn’t have many large
properties with nice backyards that allow you to live a
suburban life, let alone affordable ones. With the
minivan in the driveway, the nice car, and the kids going
to a good school district. There’s none of that. By not
buying your own home you can have all those things,
and more. I noticed this when I started researching how
much of a return on my money I could get by investing
in Miami, instead of investing in an area that is
extremely overpriced, such as the Bay Area.
I also noticed that I wasn't able to move without

continuing to pay for my mortgage every month. If I
bought a home for myself and my family, it would
require capital for a down payment and along with debt.
To be approved for that debt it is based on my income.
More on that later when we talk about debt to income

ratio. I would probably want to buy something that is
close to my job, or at least not too far away.
When you start to get really particular about what you

need and where you're going to live, you end up paying
for what you can, and you end up settling for what you
can afford. In San Francisco, the average nice house is
about one million dollars or more. The average person
cannot just finance and buy a one million dollar house.
That's hundreds of thousands of dollars, not to mention
something at that price is probably a starter home. If it's
a starter home, that means you've got to invest money
into it, which means that investing money completely
exhausts your liquidity. That’s why I decided to rent
where I lived. It didn’t eat up all my money.
When I ran the numbers for renting it didn’t impact my

debt to income ratio or DTI. Why is that the case?
Because when an investor like myself owns a rental unit
the tenants in the properties are technically the ones that
help me qualify the mortgage on the property. This
means if I’m renting and my debt on the rental
properties is offset by tenants it’s much easier to qualify
Richard Garcia 48
for a loan. Instead of wasting hundreds of thousands of
dollars on my own property that I live in, I use it as
capital to rehab and force value in my investment
properties. If I wanted to buy a house I would be stuck
financially. I would have bought a fair market property
in a suburban area that is about an hour away from my
job but I’d have to rely on my job to pay me, so that I
can pay the mortgage. I'm likely not going to stay there
for more than 10 years, so it doesn't make any logical
sense to buy a property like this. Most people are not
aware of all the circumstances that increase your risk
when owning a property and living in it.
The rich rent wherever they go. Why? Very simply, we

want to have flexibility. Rich people can go anywhere
they want in the world. They're not tied down to one
place, because they don't depend on a paycheck from a
job that they have to go to every single day. They make
money from money. That gives them freedom, and it
allows them to become more mobile. The majority of the
wealthy rent where they live like I do. And that extra
capital is put into investments that create generational

wealth. As you can already probably tell… real estate is
my preferred investment.
Here is where most average people confuse generational

wealth. Commonly, generational wealth is confused by
many as home ownership. Most people buy and live in
their home, but they don't live in the home forever. They
live in it for a few years, then they sell the home and
take the profits to move elsewhere. That's not really
building generational wealth, because you're constantly
reusing the money to go and buy a house. But you’re not
making money from it, you’re living in it. Buying a
house to live in never really produces generational
wealth because you were living in the investment
instead of owning it as an asset that pays you monthly.
Now, by living in it, you have to pay for it. But if you
rent it out and don't live inside of the property,
somebody pays you to live there. They pay your
insurance, they pay your taxes, they pay your cost on
that property. Plus they give you profits. I thought to
myself, “well, this is much better than me living in a
property where I have to put a significant amount of
Richard Garcia 50
money down then continue to pay for it every single
month. If I rent my units out for profit and live in
another place that I rent I’ll have extra capital. Then I
would be able to continue buying real estate investments
that produce cash flow.”
That consistent revenue from properties is building

generational wealth. As long as you buy these
investments with the true intention of making them an
investment, you are building compounding generational
wealth that continues to spit out cash flow. It will pay
itself down and appreciate over time. Not to mention the
tax write-offs that you benefit from. That's the path I
took, and I'm proud to have taken that path. It was faster
than going down the route of falling for my emotions to
settle down and buy my own house. That just takes too
long. With investment properties you can cash out, and
refinance a lot faster. I’m going to describe some of
these strategies in the upcoming sections of this book.
So stick with me.

Now, when you think about it from a banking
perspective, you have to remove all emotion. The reason
why is because Banks are only using data to make this
decision. This data is going to suggest to the bank that, if
you're buying a property for yourself you are acquiring a
liability, because that liability isn't producing money for
you. It may not even be producing future appreciation. If
you go over and over, investing in the property, the bank
doesn't really care. If you have a marble kitchen, and
your neighbor has a granite kitchen, it's the same thing
to them. You both have kitchens. The bank isn't going to
care about what you've invested into your property.
Instead, the bank is going to care about whether you can
pay for your property every month, or if somebody else
is paying for your property every month. If you are
paying for your property every month, then the debt is
on you. That means you have the liability, but if you
have a tenant paying for your property every month, the
tenant is paying the debt. Now, you can show the bank
that you have another source of income, and the bank
will now acknowledge and recognize that money
coming in from that tenant as a form of repayment
towards the debt. It's a very powerful thing to do, to
Richard Garcia 52
replace yourself from being the person who is liable for
this debt, to getting the benefit of the profit. You have
tax write offs, if not the same, more than what you
would have if you lived in your property. You get all the
benefits of real estate, as if you were to buy your own
property, but you're getting even more. If you buy an
investment property, and these properties are extremely
liquid, because you are now using the fast track strategy
to be able to refinance cash out of your property, you no
longer have to sit on stagnant equity in your home.
When you go buy your own property, you have to sit on

the money that you originally put into that property.
Now, there are people that say you can take out home
equity lines of credit. But here's the thing, if you take out
a home equity line of credit, you are still responsible for
that home equity line of credit on your personal income.
This is because by taking out a line of credit, you will
now have a second mortgage on the home that you live
in. So not only do you have to pay the first mortgage,
but now you have to pay the second mortgage too. If
you use any of that money from the home equity line of
credit to go buy a property, you're likely not going to

have all of the money you need to buy a property at all.
If you go use a home equity line of credit as the down
payment, the bank is most likely not going to approve
you for more debt to acquire a new property. That is
because the two mortgages you already have maxed out
your debt to income ratio. You're stuck. You technically
have no money because you can't use the bank's money
to go buy more real estate. You only have enough of
what you could take out of the home equity line of
credit. That's only enough to put some value into your
property. Even then it doesn't make sense, since you've
already taken the home equity line of credit in the first
place. You are completely capped. You can't move
forward.
When you extract yourself from your investment, it truly

becomes an investment, not a liability. That’s when a
property ends up producing more than what you ever
expected. The banks know this, and they're not stupid.
They're going to make sure that the property you buy is
in the correct category that you're going to be using it
for.
Richard Garcia 54
On another hand we have people that like to claim that
house hacking is a profitable way to grow your real
estate. For those of you that aren't familiar with what
house hacking means, it's when someone buys a duplex,
lives on one side, and rents out the other side to a tenant.
Majority of the people that I've talked to that do this or
are thinking of doing it usually think that they can buy
the property with an FHA, and stay in it for a year or
two for free. Well again, you're still living in the
property, but now worse, you're over-leveraged because
you bought with an FHA loan. Which is why most
people do house hacks in the first place, so that they can
live in the unit while they're saving up money. Not only
that, it's probably going to have a lot of issues you need
to fix and even if you were to invest more money into
that deal, you would still be over-leveraged. Now you
have a liability because the debt to income ratio on the
property is negative to your personal income.
The first big mistake they're making is that they aren't

really prepared to buy that duplex. So, if you don't have
the twenty percent down, you should already tell
yourself, I can't buy this yet. That's the first thing.

Secondly, if you want to get a loan in the future the bank
will also see that since you live in the property, it's your
primary residence. Since it's your primary residence, it's
a liability to the bank, and the bank is going to recognize
it as a liability. They're going to say that you, your
income, is what qualifies for any other future loans that
you want to take out with the bank. In turn, slowing you
down from making future investments.
Besides that, another mistake they are making is that

after these house hackers buy their first property, they're
technically lying by buying it as a duplex. Which in
reality is an investment property but they're buying it as
if it were their own primary residence. Now if they use
an FHA mortgage to buy it and they decide to move out,
the bank can call back the loan if they found out that you
aren't actually living in this property. An FHA is for first
time home buyers. It's not for investment style
properties. If they found out that your property is an
investment, and they find out that you're not living in the
property, they can call back the entire amount of the
loan, and even foreclose on your property.
Richard Garcia 56
House hackers also like to think that they're living in
their property for free, but what they're really doing is
absorbing the cost of the property themselves. Instead
with a true investment property your tenant absorbs the
cost of the property, and pays you profit. You see if you
live in the unit, not only do you sacrifice not making the
rent but you're also sacrificing the profits or what we
call the cash flow that comes from the property. I'll give
you this example from a numerical standpoint. If it's a
duplex and we have each unit rented out for $1,200 a
month, 1200 on one side, 1200 on the other side, that's
$2,400 a month. Your mortgage, taxes, insurance, and
maintenance on that property might total about $2,000 a
month. Your profit would have been $400 a month if
you were to be taking net from this property. However,
in a house hacking scenario because you're living in one
of the units, you're only making $1,200 from one unit so
you still have to pay 800 out of your own pocket to live
in that property. You are technically paying money out
of your pocket to live there. You're not making the
additional cash flow on top of that. Which won't allow
you to be profitable on the property. Yes, maybe you

subsidized your rent, but you're not living for free and
that is a lie.
Now, if there's extra maintenance costs, extra taxes that

go up in the price, extra appliances, anything that comes
up that's extra, you have to pay for the tenants. That is
because you don't have a legal binding contract with a
tenant that could potentially pay, or add credits to
whatever those issues are. If there's a leak, if there's a
PR, if there's a problem, you can have your contract
state that these tenants have to pay a certain amount
after the cost of whatever that is. You can offset a lot of
those costs by having real tenants inside of these units. If
you don't have tenants in these units, you're absorbing
that cost. You're absorbing that risk. Not to mention your
tenants will literally be your neighbors. If you’re already
a landlord you can imagine what a pain that would be. If
there's an issue that happens at midnight, they're going
to come knock on your door at that time. The
inconvenience of living next to your tenants instead of
treating your investment like an actual investment,
creates massive headaches.
Richard Garcia 58
If you only have a certain amount of income every year,
then your debts to borrow more money to buy more real
estate is going to be very limited. If you don't have any
debt, since the debt is being offset by the monthly rental
income that you're receiving from your tenants, then that
will allow you to become free from the debt. You can
still use all of your personal income, plus the existing
profit from your first rental property as a way to show
you actually have more income to qualify for another
loan accelerating your growth instead of slowing you
down.
Look. I understand why people would want to buy a

home and live in it. For many, that is their idea of
success in America. Unfortunately it’s just not true. If
you want to be a real investor, utilizing all your capital
and renting is what you must do. Growth can happen at
such a rapid pace if you can just get over this emotional
barrier of what a home is. And by all means, stay the
hell away from house hacking. That’s even worse than
just living in your own property. Stop taking steps
backward, look to the future. A home shouldn’t be a part
of the equation.

Instead of house hacking or becoming a homeowner and
using that home as primary residence with zero returns,
just go all the way and buy an investment property while
renting where you live. That is the best way to go, since
that's how you avoid having a liability. You would have
an asset that pays you every month, rather than you
paying it every month. Now, one of the worst
investments, as I've just mentioned, is sitting on static
equity since it's not producing any returns. If you, right
now, have money sitting in the bank, it's not doing
anything. If you have money sitting in your property, it's
not doing anything. I have friends of mine that tell me
all the time: "Man, well I bought my property for
$500,000 and it has $500,000 of equity". That's great,
but you live in that property which means you don't have
that money in your pocket. The money is still sitting in
equity. It's just sitting there. If I gave you $500,000 right
now, what would you do with it? You should start a
business. You should create, or you should buy more
real estate. You should do something with the money
that makes more money on that existing, initial
investment.
Richard Garcia 60
If you have money sitting in equity and you're not using
it, then the compounding effect of loss over time is
massive. For example, you might have a hundred
thousand dollars of equity in your property just sitting
there. This year that money could have made $15,000
and next year $20,000. You've now lost $35,000 in a
period of two years because you didn't use that money.
Instead what you could do is use that hundred thousand
to buy an investment property that immediately
produces cash flow monthly. What happens is these
properties end up becoming more valuable when you
add value over time. From there it’s very simple to
refinance and use that money to buy another investment
property.
Mastering the correct strategy makes it very easy to

scale in real estate. You can buy multiple properties
easily once you get a few under your belt because your
income is no longer the factor for repayment on the debt.
You also have tenants that are paying you and you're
receiving cash flow along with your side hustle. All
these different channels of monetization, support the
bank's decision to lend you money for another property.

It becomes very straightforward and simple. That's how
you start to scale. If you leave money sitting in equity,
the money is dead. It isn't moving. It's not doing
anything, it's not producing for you. When money
doesn't produce it loses value fast! That’s why you lose
by living in the house you own!
Richard Garcia 62
STEP 4:
How I Got Started

I
n 2008 life changed for everyone. We went through
a major market crash and recession. Everything
from a financial perspective changed globally. In
2009, people were extremely hesitant about real estate.
In fact, it was so difficult to acquire your first property
that essentially no one was buying houses. Properties
were now sitting, not just on the market, but they were
basically going into a fire sale since the banks were
holding onto so many bad assets. I was 21 years old at
the time. In the college town that I lived in, it didn't
make sense to buy real estate, but back in my hometown
of Miami, it made a lot more sense because there were
so many deals that I was familiar with. Properties there,
just two years before, were going for hundreds of
thousands of dollars more. In my opinion, these same
deals were likely going to grow in appreciation quickly
once the economy started to improve.
That’s when I decided to find my first property in 2010.

I found a property I really liked through an auction
website, the property was listed for sale for just $80,000.
Now, this auction was a tax lien auction, meaning the
property didn't have its taxes paid for several years.
Richard Garcia 64
Seven years in this case. The owner had essentially
defaulted on its payments to the government. So this
auction held the property as a tax lien property. What do
I mean by tax lien? If you go and look up what a tax lien
is online, it shows that there is risk in buying the
property. The property is sold without a warranty deed.
A warranty deed essentially guarantees the property with
a tax deed. The property would still be subject to the
previous owner coming back within the first few years,
and claiming the property as his own. Technically, he
still owns the warranty deed, and he still technically
owns the property. However, since he stopped paying
the taxes, the government could not take the warranty
deed from him. Instead, they applied a tax deed in place
of the warranty deed.
Unfortunately I wasn't able to get the property, even

though I had the cash to buy it. So instead I followed the
property after it was purchased. I was able to go and
look at the registered owner that bought the property at
the auction. Then right before they started construction
and rehab, I made the auction buyers an offer. They were
looking to just flip the deal. They flipped the deal to me

for $150,000 all cash. Now, the price was originally
$180,000, and they bought the property with liens that
were in the County records. Those liens mounted to
about $30,000 worth of liens. They were selling the
property at about $210,000 cash if I was to pay the liens.
I decided I wasn't going to pay the liens. The only
amount of money I had was $150,000 in cash that I had
saved from making money in stock trading, and my nine
to five jobs. That was my negotiation and top dollar
price. $150,000 no more. The liens had to be taken care
of by the attorneys that just bought it for $80,000. They
decided they were going to take that offer. This was back
in 2010. That was a phenomenal offer for them at the
time.
I was willing to spend more time and money to get that

warranty deed because I would fully avoid all of the risk
that comes with purchasing a property with a tax lien.
But the biggest opportunity was the multi-family zoning
on the property. The previous owner that lived in the
property never took advantage of the updated zoning
and never brought the zoning up to a triplex zone. He
didn’t think of getting permits for rehabbing the property
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to maximize his dollar. But that's exactly what I decided
to do.
In the first year, this investment cost me 70k and I was

also able to fill the units relatively quickly after rehab.
Before rehab, it had seven bedrooms and six bathrooms.
But since it was now zoned triplex, I converted it into
three different units. After those enhancements, the gross
revenue was $3,250 a month. Since I did not have a
mortgage, my profit was an average of $2,000 a month.
That $2,000 adds up to cash flow of about $24,000 a
year. In two years I would make almost $50,000 not
including the tax write-offs I have on the property. After
three years, I'd have almost 50% of my money back.
After eight years, I would have made every single penny
back with profit on top of that. In my mind I wanted to
get back my money as quickly as possible, while also
receiving a constant influx of monthly cash flow too.
The added benefit was that I enhanced the property to
become three apartments. This producer of cash flow
income is an investor's dream. I'd bought it at such a low
price with rehab, that the appreciation value was
exponential looking forward.

In building this new asset, I also had to start building a
team. When you are starting to build a team you have to
start thinking, how could I rent the units quickly? What
do I need to do every single time a tenant leaves to turn
the unit over correctly? How much is that going to cost
me every time I turn over a unit? All these small factors
were mistakes that I had to overcome in my early stages
since I didn't have a strategy. I lost a lot of money
during that time.
One of my most important team members was my

property manager. My property manager could alleviate
me from physically going down to Miami. He was there
to manage my units, rent my units, turn over the units,
and find me potential vendors that could help service the
units. Things like air conditioning, plumbing,
electricians or painters. He helped take care of
everything. This person was an extremely important part
of my first step in replacing myself in some capacity in
the business. I still needed to manage the property
manager, but I didn't need to manage the tenants. That's
really important, because if you only need to manage
one person instead of managing three families, it just
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makes life a lot easier. If you're going to go to scale,
when you're going to buy another two, three, four
triplexes, you don't want to be managing 12 families.
You want to be managing one manager that manages
those 12 families. That's the way I thought about it. Its
delegation and it's creating an operational hierarchy.
That's why I decided to convert my real estate agent into

a property manager. Since I could get the benefit of both
a realtor that can help me find deals continuously and
also lower their commission and property management
cost to me. If that realtor has the responsibility of
managing the properties, and the units, then since they're
making commissions on new purchases and sales, they
don't, or shouldn't require, the higher costs that a normal
property management company would typically request.
This property manager/realtor was my first critical team

member. As time goes by, you will see that this team
will start to expand. You'll start to have multiple agents
and various other employees. As those agents start to
manage your units, you'll start noticing that your units
won't actually be kept up as much as you would want

them to be, since you're using sales personnel to manage
them. Sales are sales and management and maintenance,
is management and maintenance. They're two very
different things. You will be developing a strategy, you
will evolve your team, and that team will start to become
more centralized. You have to systemize and develop
one method of conducting all property management, one
method of doing sales, and you'll have a centralized
system across each one of these teams that support your
overall portfolio. In the beginning, you will need the
jack of all trades. A person that can do it all. As time
goes by and you continue to scale, you replace or move
those original members of your team to new roles. This
is more than real estate, this is business management.
The strategy centers around hiring people that are going

to grow with your business, and that are going to be
proactive in what they do. For example let’s say you
have a washer and dryer that are sitting outside one of
your rentals, but they don't have covers on them so
they’re getting wet because it's raining outside. If a
situation like that happens, you need a good property
manager that can find these things before they happen.
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Real estate agents may be able to do that for you, but
they're not looking at those things with a fine eye.
They're mostly looking at how to fill the unit quickly
and earn a commission.
There has to be an evolution of your strategy and your

team. The team has to grow as your portfolio grows.
Note that in the beginning, it's going to be very easy to
get team members to come in and help you. Also, the
pledge you make to these team members is that you're a
long-term investor with a long-term outlook, with more
interest in buying future properties. It's important that
they also have that same outlook. You need to almost
over communicate your desire and your mission,
because if you don’t, it will be very difficult for your
team to stay engaged in the beginning. Eventually, as the
team starts to become more full, you'll start seeing that
you'll have separate divisions. Those divisions will
actually end up specializing in what they're good at.
The ideal situation is to not have overworked

employees. Just have employees that are working
specifically in the lines of business that they are most

effective in. That's a very important thing because that's
what leads to high retention, better output, higher quality
service. Your assets end up staying well-maintained, and
you don't have to physically be there for any of this.
What is most important is, I was able to build a team
from my computer and my phone in a different state.
Today, I'm now in a different country, and it's all because
I figured out how to manage people properly, and how to
feed them business in a way that uses their strengths and
refines their weaknesses. As a good manager of your
portfolio or of any business, you need to understand how
to do this as well. This is all part of the breakdown on
how to build your team in the real estate fast track
strategy course.
One of the first mistakes I made was that I didn't have a

strategy to begin with. I just went into it thinking to
myself, if I buy real estate it's eventually going to go up.
That was the number one problem. The other issue was
that I bought real estate in all cash, with no intentions to
use that equity effectively and continue building my
portfolio. I just held onto it for many years since I
wasn’t educated and didn’t understand how to use debt
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to my advantage. I didn't have a strategy. Imagine if I
did. My portfolio might be 10 times bigger than what it
already is today. Not having a strategy was a real
awakening to me because I realized it was taking longer
than I should to scale.
You must use and understand debt when acquiring

properties. When I would buy all cash, I was the owner
outright of property with multiple units, but I had one
hundred percent risk since the property was fully paid
off. Imagine if one of the units caught fire. Not only
would I lose the very valuable equity in the property but
I’d still have to come out of pocket to fix it. That would
be a problem for me financially. Leaving my money just
sitting there was a massive mistake!
When you have money sitting, not being put to work, it's
losing value. Just like when you buy a home to live in it.
As much as the value of the property was rising, what I
could do with the money that I originally put down was
significantly more. You see, if the value of your
property, when you paid in all cash, rises by just an
average seven percent in one year, you could have used

all that equity to go buy another property. Stagnant
money is dangerous money. Money needs to flow and
work.
If you buy a property in all cash like I did, and don't

refinance to go buy more real estate, you're sitting on a
ton of money. It's going down in value because of the
economy, printing of more money, inflation of basic
costs, living adjustments, rising cost of home
ownership, and interest rate fluctuations. All these things
become a factor to your wealth creation if you're not
constantly reusing your money, or recycling your money
and putting it back to work. You see, the fast track is
built off of the basis of the brrrr strategy. Which is
buying a property, renovating the property quickly, and
efficiently renting the property out.
Once, you've rehabbed the property and made it more

valuable, there's more curb appeal. It's more turnkey
than refinancing right after you rent it. When you create
this new value in your property it basically forces the
property to appreciate in value. You can use that force
appreciated value by doing a cash out refinance and
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buying another property. The last area in brrrr is
repeating the process over again. When you can repeat
the process all over again, you're now doubling your
profits using the bank's money. If you buy one property
and refinance it using the brrrr method, those funds can
easily be used to buy another property shortly after.
However, the typical brrrr strategy is different from the
fast track strategy. It’s far simpler and based on basics to
get to the refinancing.
The difference between the fast track strategy and brrrr

is that the fast track strategy is based on data that
accurately finds the right neighborhoods and
opportunities. We don’t just look for a property, we look
for neighborhoods with extreme gentrification
happening. Contrary to the typical brrr we are still
looking to have affordable investment opportunities that
are also zoned multi usage, whether it be through mixed
use, commercial and residential, or larger multifamily.
The fast track breaks down why these certain data points
are extremely helpful for an investor to refinance their
investments faster than if they were to just use the basic
brrrr method. The brrrr method is just a general

framework, but the fast track strategy is the more in
depth analysis of data usage that produces a maximum
return on your investment. It also breaks down how to
scale those investments within a six month interval from
acquisition to cash out refinance. Then, how to use that
cash out refinance to qualify for more leverage, and
more good debt from the bank.
Most will say, “wow, after you've just explained this

entire strategy in depth, this sounds extremely complex.
It sounds very much like a job.” I will tell you right now
that when you are starting a business, it is a job. When I
started real estate, it wasn't supposed to be just an
investment. It was a replacement to my nine to five. It
was expected to evolve into a business. It was expected
to evolve into a job for me. That's only because the goal
is to make it so large of a real estate portfolio that you
don't have to work a nine to five for somebody else
anymore. Your primary responsibility is now to manage
your portfolio of real estate assets, and possibly a side
hustle, or side business that allows you to keep flowing
funds right back into your passive real estate portfolio.
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The goal must be to remove yourself from your nine to
five. Then take this on as your next full time endeavor,
until you get to a level where your portfolio is large, and
you've delegated out a majority of your tasks and
responsibilities to others in the business. Then they
manage that for you. Invoicing, payroll, data collection,
administrative duties, clerical duties, property
management, project management, and construction
management, can all be done by people within your
team. That way you can use all the rest of your
remaining time focusing on earning more, instead of
maintaining the business.
Remember that your investments can either remain

investments, or become your job. The goal isn't to have
a job, but it's also not possible to leave your investments
fully in the hands of somebody else. You think that is
going to remove a hundred percent of your
responsibilities? You will still have responsibilities
always. Nobody cares about your properties like you do.

STEP 5:
Why Multi-Family Is
The Best Investment
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I
f you've ever played the game monopoly, then you
know the power of multiple doors is how you win
the game. In monopoly every time you pass go you
collect $200, and you use those $200 to buy land on the
board. Then, as you build up more capital, you buy the
green house, which is a single family home in this
example, and you go around the board again. You
continue by adding another door, so that's a second.
Now it's a duplex. Then you go again and add another
green piece and it's a triplex. Eventually you replace all
those single family homes with a larger multifamily
property. There is a mass amount of value in having
multiple doors. It's not only the fact that you get paid by
multiple people in the same month, but you also get the
benefit of lowering your risk since you're benefiting off
of multiple people paying you.
If you are buying a single family home, then you are

dependent on only one family paying you every month
to sustain that property. If they don't pay you, you can't
pay for the property. If you buy a multifamily property,
then you are hedging against that one family, by having
three families or four families paying you every month.

If one family can't pay you, you still have three other
families that can. When it comes to investing, it is
always a part of the formula to justify the purchase, or to
justify the investment risk. Risk, cost and time are the
three main factors to consider. Whenever you are
looking at acquiring real estate, single family homes are
going to take a lot longer to manage since you'll have
many of them, and you'll have to jump from one
property to the next. This stresses your management
team and they might struggle to manage all the issues on
every single one of these properties.
You also have more maintenance due to the aspects of

the property. Your single family home becomes much
more of a burden down the road since you have many of
them, and they're more risk prone due to the one door. If
you had a multifamily, eight or ten door property, you
would have a lot less to deal with. Instead of having
three different single family homes in three different lots
that you have to manage, you would manage one eight
unit building with one lot that has very minimal
responsibility. Every tenant and employee in the
building can be held accountable. Everybody in the
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building can be given guidelines for the building to
make sure that they abide by the rules, and that they
respect each other. There are more people in the property
that can help manage the building. Since there's less
yard, there's less maintenance. There’s also less travel
time between properties when you own multifamily
units. More units and less properties is the vision you
should have long term. Centralize things. When you can
centralize your operations the unit tasks get done faster,
and there's a consolidation. When that consolidation
happens from a cost standpoint, you're able to still
benefit from the revenue. You’ll have lowered costs,
increased revenue, and you're able to benefit from a
better net operating income or what we call NOI. All by
simply buying a multi-family property.
Now, the problem that most people have, is that they

think irrationally when it comes to buying a single
family home versus a multifamily building just because
it's cheaper. If you go and try to acquire a property today
that is cheaper, does it make things better than if you
waited a year to buy something that was in a better
quality neighborhood with more units? Tenants have less

maintenance, and there’s more upside potential since the
appreciation growth that happens with single family
properties is very limited because of the values relative
to that property. When you have a multifamily that is
five units and above, you have a property that is
qualified based on the bank as a commercial, or larger
multifamily residential business. The lenders qualify this
property as a business. It supports its own lending
necessity. If you right now were to go and buy a single
family home, your current income would be used as the
qualification for you to buy that property. To get a
property funded your debt to income ratio cannot be
more than thirty six percent on average for institutions,
especially during crisis periods. The higher the risk, the
more likely you, as the borrower, will default on the
single family property on the loan, even though it's an
investment.
With larger multifamily, the qualifying factor isn't the

individual that's buying the property. It's the asset itself
that is qualifying for the lending. Meaning, the bank is
using the asset as its own form of collateral, and as its
own separate entity and business. Which means that
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there isn't a debt to income ratio that the investor needs
to worry about since the bank isn't looking at the income
as a factor of repayment from the borrower. They're
using the income/revenue that comes from the
multifamily asset as the form of repayment to the debt.
This is a huge benefit and it allows you to get the debt
off of your personal credit report. The larger multi-
family is detached from any of your personal income or
credit. Instead, that load is on the business entities credit
report. As the borrower, you have every ability to scale
up faster when you are buying properties that can pay
for themselves. The banks love that. Now, the terms are
a little bit less favorable in some ways. If you're a new
investor in the commercial space you will have more
restrictions and requests from the bank for information
at the start. But just like in the residential space, as long
as you keep on buying profitable real estate, the bank
will lend you money continuously with a lot less
requests of information and with much better terms over
time.

If you're going to invest in multi-families, there's
different ways you can do so. First one is obviously
doing it yourself, which is ideal at the start when you are
buying real estate or any investment. If you do it
yourself, there's a huge amount of value with that. For
example, you get to learn through trial and error. That’s
a big pro because you can learn a hell of alot, but you
can also lose just as much in both time and money
without proper guidance. Profiting, your taxes, and
borrowing money is easier when you're doing it on your
own. If you have all the qualifications, the bank will
swiftly and easily let you move forward with the loan. If
you are doing it yourself, you also have to consider the
cost of funding the whole deal on your own.
If you are taking on a big multifamily project by

yourself without partners or employees you might have
a hard time keeping up. If you don't have a team, it'll be
very difficult to acquire, rehab and manage an entire
multi-family property. This leads me to option number
two, partnerships. Your partnerships are huge, especially
in multi-families, since most times when you buy a
larger multifamily property there's typically enough cash
Richard Garcia 84
flow to be comfortably spread across multiple investors.
If you buy a big enough deal, with enough potential, a
partner is also great because you're able to invest in the
property without using all of your own money. You
won’t have to take on all the risks. You also have the
benefit of somebody else thinking about things that
maybe you aren't thinking about. Two people that work
well together can accomplish a lot more than a single
person. Management responsibilities is another big one.
Everything gets spread evenly across your partners in
the business relationship. There's also easier access to
more lending since you have others in the partnership
that could potentially borrow with you and strengthen
your qualifications.
There's all types of benefits to having partnerships, but

there are some downsides as well. The downsides start
with the possibility of having too many decision makers
and not enough action takers. That's an issue. Let's say,
you have more experience than somebody else in
managing real estate and that partner of yours wants to
make a decision on something important that is opposite
of your judgement. That partner is actually more of a

problem than they are a partner. A quick solution to this
is making sure that somebody always has more
percentage of ownership in the deal than the other. That
way there is a final decision maker. You can still make
decisions together, but there should always still be one
person that makes the final decisions in a partnership.
There is also risk when the timeline between you and

your partner is not in sync. Meaning, you may want to
get out of the deal in three months, but they may want to
be in the deal for three years. How do you align that, and
manage through that knowing that your partners want to
sell the asset a lot later than you, since they don't need
the money as fast as you do, or vice versa? Partnerships
can become complicated, and they can become toxic
quickly if something goes wrong. Because of that,
everything that's done through a partnership needs to be
done through a contract. It needs to be detailed on a
contract prior to getting into business with each other.
This is the only way to avoid real conflict.
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I have never done a partnership without having all of the
legal documentation on the table before the deal is done.
If you do it after the deal is done, that's where things can
get very difficult. It's extremely important to have the
partnership established prior to the deal closing, but
nonetheless partnerships can be great as long as you
have good reliable people, and the deal makes sense.
I think one of the most exciting and beneficial, risk

averse, but still nonetheless profitable methods of
buying multifamily properties is by co-investing. For
those that are new to co-investing, this is a fairly new
term that has an evolved effect off of the partnership
strategy; which is simply being a part of a group of
investors that are each putting down a certain amount of
investment to pre-fund the entire deal. Plus pre-fund the
construction to do the renovations on that deal as well.
Co-Investing has very detailed contracts, breaking down
the exact percentage of ownership that each investor has
in the multifamily.

Co-Investing is also referred to as a syndication deal by
many people. I have started to do many of these deals
with my team. And I offer investment spots to any of my
followers. With co-investing there is a strategy laid out
in the deal by a manager that oversees the entire asset
acquisition, rehab, renovation, and refinance. This
makes it much easier from a partner perspective, when
you consider what partners must go through normally.
The co-investors do not become the manager, so there is
no bias. There's a third party manager that oversees the
raising of the funds, and the entire life cycle of that
property. From beginning to end. The entire acquisition
and during ownership. The manager is incentivized
based off of the assets performance, and the execution
strategy that was originally created. While the partners
only have to contribute capital and watch it grow. With
co-investing specifically in CashFlowClub my team acts
as the manager of the co-investment properties. I am the
manager that oversees the property, the CashFlowClub
investors, and my team. We find the deals, bring the
deals to the CashFlowClub, and the investors that are
interested in becoming co-investors on that deal pledge
via a letter of intent. We'll jump on a deal analysis, zoom
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call, or a virtual call, and we will walk through detail by
detail of the numbers pre and post rehab.
At the end of that session, we raised the total acquisition

and rehab amount to acquire the deal. We use those
funds appropriately to fund the investment. Based on the
amount contributed we establish the ownership
percentage owned by each investor. This also includes
the responsibilities of the manager. In this style of
investing, the manager is the one who brings forth the
team, which includes the title agent, the attorney, the
CPA, the property manager, the administrative
assistance, the construction crew, the superintendent and
the project manager. All of these people are brought to
help these co-investors.
Now I’m not saying this is the best way to invest. For
me personally it isn’t. I prefer to own my deals outright
and manage my team. It's an easy profit for me because I
have a system. But that takes a great deal of work that
the average person and beginner investor can’t and
won’t do. Instead of the co-investors having to take a lot
of time to find all of these reliable people and deals on

their own, co-investing offers a good option for someone
who wants their money to grow without extra work.
Although not as profitable, it is much easier.
One thing to note here is that a co-investment is not

owned by the property manager, and it's not owned by
the CashFlowClub. The property is owned by the co-
investors, and the co-investors own it through a business
entity. That entity is typically a limited liability company
that they've created to limit their risk and also dictate
what their percentage of ownership is on this asset. That
way everyone benefits from the payouts and
distributions that the property produces, based on their
initial contribution. This is the future method for most
investors that we will likely continue to see rise and
dominate
Now, all of these new multi-family properties are

extremely exciting to me because multifamily is not so
much based off of the market. Instead they are evaluated
for financing and appreciation based on the net
operating income, the cash flow, the amount of units the
property has, and how consistent the rent has been.
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These are just a few ways that appreciation is considered
on a larger multi-family property, since a larger multi-
family property is its own individual. It is its own
independent business as I explained before.
The other beautiful thing about multi-family properties

is that they are real. It's real estate. It's physical. It's not
paper. You can literally go and stand on the land that the
structure is located at. You can shake the hands of the
people that are paying you monthly. You can manage the
day to day expectations of the property. You are not at
mercy to the market as much as paper assets are, since
paper assets move based on the economy changing day
in and day out. This can cause major risk to your money.
You don't technically own something that's tangible and
real, you own paper assets in a business, or in a
commodity, or in some type of investment category that
isn't exactly physical.
For example, those that invested in oil when it

plummeted during the beginning of 2020, had their asses
handed to them. The barrel itself became more valuable
than the actual liquid inside of the barrel. That's not a

problem with real estate. It's likely impossible for that to
happen because you cannot build up a mass amount of
real estate overnight, it takes a long time. When it comes
to oil, you can extract quickly in a matter of hours or
days. With real estate, you cannot just build a house in a
matter of hours or days. As population density rises, and
as population growth continues, real estate becomes
more in demand since it takes a lot longer for real estate
to be built. Unlike paper assets or commodities. I like
being able to physically hold onto my investments. I like
being able to know that if the entire economy went
down and my homes became fifty percent less valuable
than what they are right now, I’d still have cashflow
that's coming in monthly. I can still hold on to my real
estate since it's inevitable that over time, land will
continue to become extremely scarce. As population
growth continues to rise, the demand for land will
continue to rise. Which means that between supply and
demand ratios changing, the value of property and land
will just continue getting higher over long periods of
time. That's not the same when it comes to buying paper
assets that are leveraged off of businesses that could
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potentially fail in one, five, or ten years. Quite frankly
many of these businesses can fail overnight.
Investors in those businesses have zero control over the

value of what that business will be in the next two years.
You have all the control of what your property,
especially your multi-family property will be valued at.
You control the rent prices, the property management,
the tenants and how you renovate the property. You can
control the quality of the tenants, how many tenants you
have, and what their rent price will be. You can shop
around for debt to see which lender will provide you a
cash out refinance. This means your money and your
investment are in your control. I cannot stress enough
the importance of having full control over your
investments. If not, somebody else is controlling them
for you.
Again, to reiterate more on this, real estate is not just an

investment. It is a real business. It is going to take a lot
of your time at first. Time outside of your other
responsibilities to build your business, your escape plan,
your exit strategy from that nine to five job. Don't expect

that your real estate portfolio is just going to manage
itself. You're going to need to manage it, and you're
going to need to manage the people that are in it. I will
tell you right now, if you were managing somebody
else's real estate, it probably wouldn't be that attractive.
You would probably not be that excited or motivated or
care for it as much. But since it's your own real estate,
and you've worked really hard to own it, and to make the
money to buy it; you're going to treat it so much better.
You're going to put more work into it, more love into it,
more respect, more appreciation etc. Because of that,
you will likely need to commit a lot of time to your
portfolio. That way, you can optimize it to a level where
eventually your portfolio won't need you to be working
in it all the time.
That’s the beauty of multifamily. Not only is it easier to

buy because of less competition and easier financing
when it comes to the bank. It’s also much easier to
automate and profit from multi-family units, especially a
property with five or more units because the cash flow is
so much stronger. If you want to purchase a multifamily
then you need to start building a team. If that sounds like
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too much of a headache then co-investing is probably
the better route for you.

STEP 6:
Don’t Stop At One
Richard Garcia 96
Don't stop at one. Most people buy one property and get
stuck. They don't know how to buy the second. They
don't know if they ever will, and most never do. It’s
because they didn't evaluate their first deal in the correct
way. When people get stuck in a property, it typically
holds them back from becoming more wealthy, free,
and happy. Your first deal is the most important one.
When you are reviewing your first deal, make sure it's a
deal that is going to appreciate over time with the ability
to become a value add deal. Meaning the property can
become something more than what you bought it for. If
you follow me on social media, you've heard me say this
before. I talk about buying multi-family zoned
properties that are currently in single family status. This
means a family lives there, but they've lived there for 30
years or something like that. The property has now been
rezoned, and there are multi-family buildings all around
that home. These are the type of deals you need to look
for because in the future, it can be rehabbed into a multi-
family building that can generate more money and

appreciate over time. That's what I mean by value. If
you buy a property that was a single family home on a
main street, and all of a sudden that property is zoned
commercial, you can now re-permit it and restructure it
into a commercial asset. Then you can sell or rent it as a
commercial asset which gives you much more value.
These are huge forward looking benefits alongside the
appreciation of the new rental values that you can make
off of that type of property. Your criteria should be
specific. It should be specific to the next five or ten
years out. If you only consider the first two years in and
not the next five to ten years out, that's too short of a
term to benefit as much as you would want to. You will
typically see value add deals compound and grow
exponentially only after a four to five year ownership
period. Those first few years are really where you spend
the time enhancing the property for growth.
Let me now finish the first deal criteria. Value add deals
are an extremely important method, and it's how you
will continue to scale. When you're getting your feet
wet, you have to make sure that the people you are
going to work with also understand that this is the type
Richard Garcia 98
of strategy you're using. Most people in real estate only
buy properties once, twice, or three times in their life. If
you're going to work with a lender, property manager, or
attorney, then you want to make sure you let them know
that this isn't a one-time transaction. You're going to
constantly be buying more real estate since the type of
strategy you have is about consistently adding value and
scaling. Which means that your intentions are to borrow
money from the bank based off of borrowing again in
the future. It’s important because the terms you get need
to be favorable enough to help you qualify for the next
deal.
Your property manager needs to create a strategy and an

operational process around collection of managing
tenants, and doing all other types of management related
responsibilities; so you have a scalable strategy across
multiple properties. The same thing with your real estate
attorney. Making sure the contracts your attorney is
using are scalable, so that you can constantly use them
over and over and over again. Everything you do needs
to be repeatable. See, when I worked at Google, even
Tesla and Facebook, they all had the same concept in

mind. It was that in order for them to become massive
institutions, everything that was done in the business
could not be unique. It needed to be replicable and
repeatable by others.
You need to make sure this process does not have any
issues, especially when you begin scaling your
investments. When you have a process that people can
repeat over and over it allows your business to keep
growing bigger. When you are investing, it is important
to elaborate to your team, or future team, that you are
buying with the intention to continue buying. You're not
just going to invest one time, because my fast track
strategy can help you buy multiple properties in one
year. Now if you do decide to do this, you are in essence
creating equity very quickly when you have a repeatable
value add process. This equity you built helps you ask
the bank to borrow that equity and extract that liquidity
to go buy more real estate. When you are evaluating that
first deal, make sure you evaluate it carefully with your
team members, so that they are all on the same page.
You're essentially buying this deal to leverage the
immediate appreciation you capture when you add value
Richard Garcia 100

and renovate. This allows you to hit the ground running.
It’s like a launchpad for your portfolio.
Right now, by using my strategy, I went from having

two properties that were worth just below a million
dollars combined, to having more than twelve million in
just the first two years of actively using the real estate
fast track strategy. It's just an incredible way to get there
quickly and efficiently.
Now, the mind-set behind multiple properties, is that

you're building a whole portfolio. You are not just
buying one or two properties. That is not a portfolio. It’s
actually more work when you are buying one or two
properties that cannot scale. You're going to be stuck in a
nine to five job while you're also self-managing your
properties. If you plan to scale up by using the criteria I
outlined above in this book, you won’t get stuck. And
this forward momentum leads you to financial freedom.
But in order to get there, you need to have multiple

income streams from multiple properties. So if that
means you have to start off with a co-investment deal,
cash out refinance and continue the cycle to build cash

then do it. This may be a much more practical way for
you to capitalize on larger amounts of money, by using a
group and being able to buy deals constantly. With my
co-investing strategy, the money you have in your deals
is constantly being recycled. That same money from
your first deal is now creating multiple streams of
income every time you acquire a property with your
partners.
I'll give you an example of this. One of the properties we

recently purchased is a big co-investing deal. We have
seven investors on this property as co-investors. We pre-
funded up to $3 million at one point and closed the deal
in thirty days. We did a full rehab from eight units to
sixteen units. Bringing the cash flow from $8,000 a
month when we bought it, to $17,000 a month at
completion. This produced an immediate eight to ten
percent return. The value on that property shot up from
1.3 million to 1.7 million because of the new rate of
return.
Since it has more return, it qualifies for a much larger

cash out refinance. We were able to do a cash out
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refinance on this property for 1.2 million, leaving only a
hundred thousand dollars of the original investment
capital. So these seven investors received 90% of their
original money back and still get paid every month from
the cashflow. We were able to then take the $1.2 million
and reuse it in all cash to buy again. That's where we
were able to buy a second building, continue the cycle
and increase the investors cash flow. This is how you
scale a profitable portfolio!
When you start to think about providing more housing

for more people, that's when you start figuring out how
many people you can really help out. When you start
figuring that out, you'll notice it becomes infinite. The
amount of opportunities that you can create for yourself
just by thinking about how many people you can provide
shelter for are limitless. Which means if you can provide
a lot of people shelter, you can end up building a
significantly large portfolio. Your mission isn't to just
buy deals, it's to help people. Helping people is a far
bigger mission in life. It's a much more impactful goal,
which in turn, helps you stay motivated. That is of the

utmost priority, staying motivated, consistent, and
staying true to your goal.
Most people have a concern with refinancing. Not just

refinancing but using debt from banks in general. I will
tell you right now, even when I first bought my two
properties, I was extremely against using the bank's
money. This is because I worked for the bank. At that
time I believed the bank was taking advantage of the
circumstances and funding over leveraged properties.
They often provide financing for 3.5% down mortgages,
or in some cases, 0% down mortgages. Which is crazy.
They’re lending to somebody that doesn't have money.
Probably because they don't have a very stable income,
or it’s a property that they can't afford. The loan would
be over leveraged because they didn't put enough money
down when they originally bought the property. So, the
property becomes a higher risk.
Let's say that this person financing with the bank needs
to leave and has to rent the property out, they will have a
tough time being profitable. Why? Because it's over
leveraged and they didn't put enough down payment.
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The mortgage is more than what these people could rent
the property out for per month. And the banks allowed
them to be in that situation.
As I continued to grow as an investor I began to see why

I was wrongfully against using the bank's money.
Thankfully I learned the power of the banks and using
their money to fund my deals. Using the refinancing
strategy allows you to continue buying more and more
real estate because you're always using the bank's
money. How long would it take you to save up $1
million or $2 million? It's going to take you a long time,
but if you use the bank's money you can do that in a
matter of 30 days. The benefit is leveraging the bank's
money to make more money than what the interest rate
is on the loan.
I'll give you an example. If the interest rate on your loan

is 3%, we would find deals that are going to make
around 15%. After all the extra absorbed costs and the
3% interest, you will likely be in a 7% or 8% profit
scenario. Compared to simply leaving the money in
equity on your home which leaves you with zero instant

returns. Borrowing the bank's money the right way is a
significantly faster way to build wealth instead of using
all your hard earned saving. This is where it gets cool.
There’s literally no reason why you wouldn’t want more
than one unit. If you had somebody paying your loan off
back to the bank with extra profit would you do it? Of
course you would. That person is your tenant. The
person renting from you. Plus as you pay the bank it
gives you more ownership of the property. Every month
you're getting more benefit because each payment gives
you more ownership of your property, not to mention the
increasing value of your property that grows over time.
As I already mentioned, be clear from the start with your

staff, your attorney and your lender. When you are clear
that you plan to keep growing and refinancing your
portfolio, then you get many added benefits. If you
continue to do that, over time you will create priority for
yourself with the lender. Naturally the bank will feel a
greater sense of security as you continue working
together. Today if I call my lender, he has my file sitting
on his desk because he knows that Richard is going to
contact him at any time to get funding for another deal.
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You'll be in the stack of investors that he knows well
enough to easily be able to pull money quickly. This is
how the real estate game becomes fun and exciting. You
can grow your portfolio at will as long as you can still
find the profitable deals consistently.
You're going to get to a level where you'll start to scale

so fast that you will have bought your third and your
fourth and your fifth property. That's because your
lender is working with you and helping you. You are
able to capture better deals because you're able to
compete faster for funding. This allows you to get into
these deals quicker and get returns on your money faster.
Then this allows you to build your team faster, which
optimizes your business, and helps you go back to
borrowing more money to keep on buying deals. It's just
a beautiful recycling process of scaling, refinances, and
building your team. But truthfully, all along you’re just
reusing the original funds you bought the first property
with.
Like i've said before, the first deal is crucial if you want
to continue scaling without difficulty, instead of getting

stuck. That first deal must be highly profitable and fuel
your future deals. Get to a place where you’re constantly
recycling that money out of the asset over and over and
over again. I will never stop using this strategy. You will
see that forced appreciated value will grow so fast in
these properties. That's all because you’re using the fast
track strategy, which leverages data, gentrification
zoning aspects of the property, and also value add
components. You will see that your property will
continue to produce and quite possibly out perform what
your expectations were all along.
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STEP 7:
Money Burning
Mistakes

M
ost beginners make a lot of mistakes. You
are going to believe that everyone cares
about your property as much as you do. But
that's only in the beginning. After a few weeks, once
you've seen the tenants in your place, you start getting
feedback. You're understanding what is working and
what's not working in your properties, and the general
tasks you need to do.
I will say this, not every tenant is the same, but most of
them definitely do not care about your property as much
as they care about their own wellbeing. Everybody's
wellbeing is different. There are people that are
extremely clean, and they make sure they maintain your
property. Some even care about it as if it was their own
property. However, there could be a caveat to that.
Meaning people may take care of the property in a way
that costs you a significant amount of extra money
because you must keep it at their expected level.
On the opposite side of the spectrum, you have tenants

that don't really care about their living environment and
quite frankly destroy their units. They leave a mess and
Richard Garcia 110

leave trash outside. These are the people that you have
to filter out and make sure you avoid renting to. Even
then, you will still always have someone that slips by
and becomes a bad tenant. In order to manage that you
need to make sure you are doing a few things to help
mitigate those mistakes.
But first, let me tell you a story about a situation I

recently went through. I was removing a tree from the
front of one of my buildings and it so happened that this
tree provided shade to one of my tenants' patio area.
I needed this tree to come down since it was tangled in

all of the electrical cables outside. If a hurricane were to
happen in Florida, not only would it be a danger to my
tenants but also all the electricity would be down for a
while because the tree would likely have destroyed those
cables. When the contracted company came out to do all
of the required tree removal responsibilities, my tenant
came outside and tied himself with a rope to the tree. He
said over his dead body that he will let this tree be taken
down. He loved seeing the tree outside of his window.

That's what I would consider a bad tenant since they are
not letting you perform your maintenance on your own
property. When situations like that happen, you need to
do everything you can to remove these negative tenants
from your units as quickly as possible. With the least
amount of cost and risk. Which is where protecting
yourself comes into play. There are a few good ways
you can protect yourself. One is that every investor in
real estate needs to have their property structured under
limited liability companies, or corporations. Having
your property owned by an entity will protect you and
limit your liability. Secondly, you must make sure your
tenants are pre-screened diligently with background
checks at the rental application stage. Letting somebody
in that has financial issues, or mental issues could be a
problem for you in the future. Not to create a bias, but if
you have the ability to choose a great tenant, it's your
fault for not doing it. If you end up having a bad one,
you need to run your due diligence and potentially
remove them.
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Next is having an attorney that can help you serve three
day notices, folly evictions and follow up on late
payments in the event that you need reinforcement. A
good attorney is somebody that will always be looking
out for your best interest. This will be saving you money
consistently and a good attorney in some cases does
really small things for free. For example, sending an
email, or writing a quick response document that
wouldn't take the attorney no more than 15 minutes to
do. Maybe you could have even written it up yourself,
and just have them put it on their letterhead.
Nonetheless, you want to have an attorney on hand that
can help you out at all times.
One of the last ones, and I think the most important, is

that your property manager needs to be able to not only
fix issues swiftly but also avoid them. In being
proactive, you see that the tree incident could have been
prevented. Letting the tenant know before we were
going to do it, even if they didn't agree, would have
likely solved the issue of them tying themselves to the
tree and putting everybody and themselves at risk. But
since we did not properly notify them it caused some

complications. Even though we didn't technically need
to since it didn't have anything to do with their unit. It’s
still good to let your tenants know that work is being
performed in the property, even if it's just something
minor.
You're letting them know out of courtesy and good faith,

but it's not necessary. If you want to avoid problems,
then just make sure to put that into practice going
forward. That way you're aware of possible problems
that could arise. Being proactive is a major key with real
estate, not only when it comes to tenants but also when
it comes to negotiation on a potential property.
Now, when it comes to owning bad deals, it's all based

on the fact that the numbers were not run properly
before the purchase of the property. The second reason is
likely because the property was purchased with a
strategy that wasn't exactly defined yet. First, when you
run the numbers, you are looking at potential random
events that can happen to your property in both positive
and negative ways.
Richard Garcia 114

Maybe the timeline for your project can be cut down by
three months by doing everything correctly and not
encountering any issues, or maybe your timeline is
going to take three months longer than what you were
expecting. These are variables that need to be run before
acquiring the property. So in the event that you run the
numbers in two or three different ways, you have an idea
of the worst and best case scenarios. If you were already
at a very slim margin of profitability on a deal, failing to
run the numbers can be devastating later down the line.
Especially when your project’s margins have been
eliminated because of the variables that you did not
necessarily consider.
Now, the variables that I routinely run are expenses, so

for instance I look at my insurance costs for the year. I
look at how much maintenance I expect to do per month
after rehab. I assess how much I will pay in property
management per door for the year. Also, what are my
utility costs for the entire structure? Do I have to pay for
water, electric, cable, or any broker's fees? Is there an
HOA fee on the property? These are all important
questions you have to ask yourself.

I always recommend staying away from homeowners
associations, but if it has one, you have to factor the
yearly cost of that home ownership into your expense
variables. Property taxes are another expense variable
that you want to consider. Then you want to look at the
total equity that you're adding into your purchase. If you
are adding in an additional hundred thousand dollars for
your rehab, that is a variable that also should be
calculated in your expenses. What is it going to take to
get your money back on that deal, whether it be through
a cash out refinance or not. These are all of the expense
variables besides mortgages. I also look at revenue,
which is my monthly rent for the year. This also includes
my yearly rental increases, which is typically about 3%
every year. The last factor is vacancy. Usually I factor in
about a 5% vacancy rate on my properties.
Then I look at the debt, which includes running the

numbers on multiple things, so bare with me here. It's
very important that you look at the purchase price of the
property, the equity percentage that you have in that
property, the loan amount that you have on that property,
the annual interest rate and the term for the loan in how
Richard Garcia 116

many months. Then I'm calculating the interest costs on
that debt over the course of the term. Whether it be ten
or thirty years, you want to calculate what the interest
cost on that is. In the CashFlowClub, I use the deal
analyzer that my team created which allows me to break
down all these variables quickly. This is especially
helpful with our co-investors so we can invest
appropriately in the right deals. Some of the bigger key
numbers you need to make sure you're reviewing are the
gross operating income, your total operating expenses
for the year, your net operating income for the year,
interest, depreciation, and amortization of points for the
year. I know this is a lot, but after a while of doing this
you'll know this process like the palm of your hand
You also need to consider what your before tax cash

flow, both yearly and monthly is. Then look at the
opposite side which is the after tax cash flow, both
yearly and monthly. With these variables, you'll be able
to understand what your cash on cash return is before
tax, and after tax. You'll also be able to know what your
rent to purchase ratio is, and what your cap rate for this
deal is. Again, we break down all of these numbers, how

to calculate them, and also how these formulas work in
depth within the real estate fast track course.
Here's the thing, most people think that deals magically

grow on trees. That’s just not true. Deals are the
commodity. They're extremely difficult to find. If you
want to find a good deal, then you have to do everything
possible to make sure the numbers make sense, but also
lock the deal in, at least in some capacity. Whether it be
through verbal offers, physical offers, through partners
or through co-investors. There is going to be a strong
need for you to lock the deal in since the really good
deals will be taken off the market quickly. That's just the
nature of how attractive deals work. Everybody wants it
since everybody is looking for a good investment.
You have to be very careful about losing the deal since it

takes time and money to find them. If you are taking a
long time to find a deal, you don't want to lose one once
you find it. You have to lock them in which requires you
to have a bit of patience and a lot of persistence. The
patience is needed when working with multiple people
to get the transaction under contract, but your
Richard Garcia 118

persistence is making sure these people are moving
forward quickly. You must be extremely persistent so
you avoid getting stuck at any point where another
competitor can come in and take the deal off your hands.
That was hard for me since I am not a patient person, but
I am definitely a persistent person. I needed to find a
balance between patience and persistence that I didn't
have before being an investor.
Oftentimes patience comes from understanding. When

you understand the process, and you have a strategy that
you're able to write out step-by-step, you will realize the
actual timetables to finish a deal. For example, it usually
takes about 45 days for me to get funding from a lender,
so i would get all my pre-approvals, pre-qualifications
and documentations done beforehand. That way when I
find the deal and run numbers, I'm able to quickly and
swiftly fund the deal without having to delay. Because
the longer the delay, the more likely a competitor can
come in and buy the deal out from under you.

Like I said, you do have to build a threshold of patience
and foresight that you didn't have before. Because real
estate is not just a transaction, it's a process. The process
typically means it takes time, but you also need to be
persistent enough to regulate that process. If possible,
control the time that it takes. The better you are with
both of these two terms the better you will be as an
investor. This also makes it more likely you will always
acquire great deals. That is how you will become not
just a good investor, but a great investor.
You're probably asking yourself, what differentiates a

good deal from a bad one? In my experience, a bad deal
is a deal that you can't control. A good deal is one that
produces more than your expectations. It has very little
risk for you, but all the while it actually self manages in
its own capacity. It has very low maintenance costs and
responsibility. A bad deal would be buying a turnkey
multi family that already has the baked in cost of what
you would have benefited from if you would have
rehabbed it yourself. Instead, somebody else rehabbed it,
and then force appreciated the value. Then they sold it to
you probably at market value and your rental return on
Richard Garcia 120

that property is less than 10% net profit. With a good
deal you will be cash flowing in double digit percent
gains. You have the ability to force the appreciation of
this possible fixer upper structure, which allows you to
build equity in the property as I’ve explained before. In
turn, you're able to cash out, refinance the value, and
then go buy more. You see, a good deal allows you to
buy more good deals. It actually empowers you to buy
more good deals, unlike a bad deal that diminishes your
ability to buy another investment. Even if you are an
owner of a duplex or triplex that is making you an 8% or
10% return for the year, which is phenomenal, the
property might not allow you to take forced
appreciation. You might not be able to take equity
because maybe you bought it as a turnkey property.
That's where the deal becomes terrible and it’s a
common beginner mistake for many investors.
That is why you're reading this book. This is to help you

understand that real estate used to be something where
you buy a property, and you live in it for 30 years.
Maybe you buy a secondary home, or maybe you buy a
third home if you're rich, and that was really it. Then it

evolved in later decades to being an investment vehicle.
Things have started to get more aggressive in the real
estate market. The technology alongside it has also made
it that much more competitive. Right now, if you are in a
position to buy real estate, you must buy real estate in a
way that aligns with current economic factors and
timelines. Not the old school, 30 to 40 year mind-set
where you were going to buy something and live in it for
a long time. That's no longer the case anymore for the
majority. There are people that still live in their house
for 30 years, but in today's world, young adults are
significantly less likely to own a home, compared to
those born just ten to fifteen years earlier.
Those that only own one or two properties could have

paid that house off with a tenant living inside of it and
bought more real estate over the years. That's the power
of using banks money, and cash out refinances in the fast
track strategy. If they would have gone the opposite
route, they would have given their future generations a
passive income stream and a massive amount of forced
appreciation.
Richard Garcia 122

There are also many scams in real estate. So don't for a
second think that just because it's real estate you’re
automatically safe. When you think about real estate,
you don't normally think about too many scams or
people stealing your money. Most times when you think
about scams, you think about online scams, credit card
scams, other types of scams that come from sending
money online. With real estate, it's physical. You feel
like you have the ability to mitigate any type of scam,
but that's not true. You must be aware that scammers are
in every line of business. In real estate, just like any
other investment, there are a lot of people that want to
take their cut. Normally you want an attorney that can
help you navigate through any type of circumstance like
this. An attorney is going to be extremely helpful to you
since they can review contracts and mitigate any risks
you have from a contractual standpoint. They can also
protect you from getting hurt or sued financially from
any other types of scams that tenants or vendors are
trying to perform on your property. Maybe there was a
vendor that didn't do the work right and somebody got
hurt, then they put the blame on you. All these situations
must be proactively managed. If you wait until the

situation happens, you're already too late. You need to
protect yourself early on, with a resource that
understands the law as your voice.
Like the one time we were reviewing a property, and

there was an attorney that was also the listing agent of
the property. Although the attorney is an attorney in this
transaction, he was performing the duties of a real estate
agent and showing us the property. What he did was
show us the property and then sent a bill for his time
after he showed us the property, which is illegal. He then
requested and demanded that we pay $400 for his time
in showing us the property. This is coming from
somebody who legally understands that it's a scam. Yet
you as a beginner would never know this was a scam.
When the email comes from an attorney that says, you
owe me this, your initial reaction is almost a feeling of
obligation to pay.
This is just one example among many. Another example

involves appraisers and inspectors. An inspector is a
person that comes out and inspects your property for the
sake of insurance. That way you understand what's
Richard Garcia 124

going on in the property and what you need to do. An
appraiser is one who inspects your property for the
value. Appraisers can and always will work in the
benefit of the banks. These appraisers that are licensed
and the only ones that can justify real values with the
bank, since they have a contract with them. What if you
hired a random appraiser that doesn't have their
certifications or has never worked with a specific bank
before? You may get an incorrect appraisal and it may
put your entire deal in jeopardy.
There are so many more scams like these. Having an

attorney and building a team you can trust is crucial.
Even if it's a trusted team of one or two people in the
early stages as you build your experience. Real estate is
not the most difficult business. The process is very
straightforward. However, it is very competitive. It will
take a lot of trial and error to avoid these money burning
mistakes. It will take time to develop a process that
works seamlessly for you and your team. It will take
time to develop a large team that is 100% trusted. So do
your due diligence, because once it’s done and

automated you will have a cash flow machine like no
other!
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Bonus Content:
Cash Flow Club

S
o now that you've read through a world of
information, I guess the biggest question to ask is
why. Why did I decide to write a book and
produce content to help others get into real estate? It's
because when I started looking at a lot of these
strategies, I noticed most of them had flaws. And those
flaws were costing people more than just money. Some
investors are completely unaware they're losing money
to begin with. That is because they're making $300 a
month from their single unit. Most have no idea that
with a little bit more understanding and a real strategy
they could be making $30,000 a month. That is why I
wrote this book. I want to help people understand the
bigger possibilities. What I noticed when I started using
the basic brrrr strategy was the lack of using data to
speed the process up. It just gave you a baseline strategy
to follow in any market.
I didn't just want to buy real estate, and then maybe do a

brrrr property every two years. I wanted to buy real
estate properties every six months or less which is what
I've been doing for years now. Where the general brrrr
strategy fails, the fast track strategy picks it up using the
Richard Garcia 128

gentrification model. It uses the value add model to
reconstruct the deal well enough so the forced
appreciation will come sooner than the standard
technique.
Now you’ve seen me mention CashFlowClub

throughout this book but you’re probably wondering
what exactly is it? If you're reading this, you are already
a part of the CashFlowClub because you've now made
an investment in your real estate knowledge. I wanted to
create an environment where my friends, family, and
anybody else that was interested could come and learn
about how to buy real estate the way that I did. I also
wanted to provide guidance for those that needed help
and did not understand how to do it alone. Let’s be
honest, there are intricacies to the strategy that become
difficult to understand without somebody formerly
having experience with it. I started to post a lot of my
properties and experience on LinkedIn and Instagram. A
lot of the people who followed my posts decided to join
CashFlowClub. It has now helped thousands of people
become investors and buy good real estate on their own
or by co-investing. CashFlowClub cuts down a massive

amount of the learning curve. It helps people like you
bypass the problems that took me seven to eight years to
master.
Making time to learn is probably one of the most critical

factors for success. You can learn something in a few
weeks if you pay a mentor for the information or you
can learn something in a few years by figuring it out
yourself. It took me years because I learned everything
about real estate on my own. I think if you are paying
for information to learn it quickly, there's a mass amount
of premium to that since you are learning something
now in a much better way. You're learning from
someone who already knows the pros and cons along
with mistakes to avoid. If you're doing it over a few
years time you've lost more than money. You've lost
time, and time is what you can never get back. If you
want to learn something, you should want to learn it as
quickly as possible. You don't want to be trying to figure
something out for three years and make a ton of
financial mistakes along the path. Sometimes the little
bit of money that you spend, gives you a lot of money,
experience, and value in return.
Richard Garcia 130

Another beautiful thing about CashFlowClub is the
community. Everybody in there is like minded and
passionate about not just real estate, but financial
freedom. People that are passionate about escaping a
nine to five job, feeling liberated from their financial
lives, and becoming close with other people that think
the same way as you is massive. Now you are building a
team, a resource network, and a connection with others
who are on that same journey as you. They may have
very similar questions that get answered inside the
community, by other mentors, myself, or by other co-
investors that have already gone through those
situations. It could essentially help that investor save, or
make more than what they currently are.
I’m very proud of the CashFlowClub community but

I’m also proud of you for even reading to this point.
Most people don’t have the energy or resolve to finish
an entire book. If you did read this book, this was likely
your first step towards becoming financially free. A
small investment in yourself to open up your mind to the
possibilities you have. Don’t squander this opportunity.

Learn more about CashFlowClub at:
joincashflowclub.com
Or apply to co-invest with me at:

coinvesting.co
Richard Garcia 132

About the Author
Richard Garcia, ex Bank of America, Merrill Lynch, Tesla,

Google, Facebook, father, husband, entrepreneur, nomadic,
student and mentor.

Richard Garcia 134

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Permission to reproduce or transmit in any form or by any means,

The 7 Steps To Wealth Creation Through Real Estate Investing is a

To order additional copies of this title, e-mail:

The author may be contacted at the following e-mail address:

First printing November 2020

Library of Congress Cataloging-in-Publication Data

Published by Inky Press | A division of Incubate Media, LLC. | incubatemedia.us

Step 1: Introduction To Wealth Creation p. 7

Step 2: What Led Me To Real Estate p. 26

Step 3: Never Own Your Home p. 46

Step 4: How I Got Started p. 63

Step 5: Why Multi-Family Is The Best Investment p. 78

Step 6: Don’t Stop At One p. 96

Step 7: Money Burning Mistakes p. 109

Bonus Content: Cash Flow Club p. 127

About the Author: Richard Garcia p. 133

The 7 Steps To Wealth Creation Through Real Estate Investing 7

When I look back, I think to myself about all those

My mom was a single mom by the time I was eight

I was the oldest of three boys, so my mom needed to

Therefore I decided to take advantage and improve my

The 7 Steps To Wealth Creation Through Real Estate Investing 9

Miami is fast paced, growing up there you have to be a

If you don't have big enough goals, you're not going to

The 7 Steps To Wealth Creation Through Real Estate Investing 11

At seventeen I got my first job at Walmart, and as you

Not long after getting fired I was spending time with a

The 7 Steps To Wealth Creation Through Real Estate Investing 13

I needed to figure out a way to no longer work, and

Why would you want somebody to dictate nearly every

This is where my ambition to become wealthy lead me

The 7 Steps To Wealth Creation Through Real Estate Investing 15

This is where my mind changed from thinking small to

I believe this way of thinking led me to a book called

What I did know, was that I needed to do whatever I

I interviewed at Bank of America, and that's where I

The 7 Steps To Wealth Creation Through Real Estate Investing 17

This was a major turning point for me. I started doing

I learned that money wasn't the end goal like most

At Bank Of America I saw all sorts of people. People

The 7 Steps To Wealth Creation Through Real Estate Investing 19

Now let's not forget about the importance of time. In my

By the time I was a junior in college, I already had

The 7 Steps To Wealth Creation Through Real Estate Investing 21

The path that I chose didn't provide that type of equity. I

I have never once sold a house using my license, or

After climbing the ranks at Bank of America during this

The 7 Steps To Wealth Creation Through Real Estate Investing 23

Because of that, I got more aggressive trading stocks.

It's interesting how life works. If you see the

The 7 Steps To Wealth Creation Through Real Estate Investing 25

But when I began educating myself through reading and

Continuous passive income that comes in every single

The 7 Steps To Wealth Creation Through Real Estate Investing 27

Everyone has a different definition of surviving and

At the time, when I first started this journey, I was