Power of Four Homes
Here is a question that I get fairly often: Chris…why four homes?
Fair Question
“Why is the backbone of the Backyard Millionaire Plan owning 4 homes?”
To answer this question, I need to explain that when we came up with the Four Home Formula, you could easily buy a home for $250,000. So, if you own four, you would retire with a million dollar net worth. Plus you’d enjoy monthly recurring (mostly) passive income.
Not to mention a sense of connection with your community, and a major sense of purpose long after your chosen career is over.
Fast forward to present day, to achieve the same Million Dollar Net Worth, you need only own a couple of rental homes, or maybe even one depending on your market. If the ONLY goal was to have a million dollar net worth. But remember the other half of the equation: Passive Income.
Plus, with four homes you spread your ability to leverage wealth over a multiple of bases, so as to reduce your personal cash investment. Plus you get the multiplicity effect of cash flow that can be reverted right back into your investments; keeping more money in your own pocket. And by the time you do retire, these four homes will have appreciated to many millions of dollars - So STICK with the FOUR HOME FORMULA.
Imagine you were given an opportunity to own four slot machine’s on the floor of the hottest casino on the Vegas Strip; but you said… “nah, I’ll just take one.”
In the Millionaire Maker, we lay out the entire plan from start to finish. You will learn the Six Practical Steps to Your First Four Homes. We share the plan amidst stories so you not only have a road map, but you will also realize you are not alone on the journey.
You can grab a hardcover copy, paperback or eBook HERE…. Or simply click HERE and sign up for our FREE Weekly Newsletter and we will send you a FREE eBook version immediately.
One year Tiffanie and I spent a month in Arizona. During that stay in the sun, I of course needed a hair cut. In old town Gilbert, I found a really neat Barber. Once in the chair we started chatting. It’s a requirement of both barbers and real estate agents to be talkative. (It’s the law).
He found out I’m an agent and investor, and he said something that still drives me to spread the four home formula all these years later. His words weren’t hollow or meant to flatter me.
He said: “I wish I could own rental homes.”
I said: “Do you own your home where you live?”
Turns out he did own his home. We had a great conversation about how to move forward with his next 3 to 4 acquisitions.
My promise to you is - Anyone can make a million bucks in YOUR own backyard.
Some who’ve implemented the Six Practical Steps go on to own more than four homes. Someone recently told me he’s on his way to a third deal, and looks forward to one day being the bank. (He’s already talking about becoming a Hard Money Lender himself. Fabulous!)
Get a copy of my book by signing up for the FREE News Letter, or GRAB a copy off of Amazon. Whatever you do…get the book and starting implementing YOUR plan today!
Let me know how you’re coming along as you go down the path towards becoming, a Backyard Millionaire.
All my best;
Chris Story