Commercial Real Estate Investments for Your Children

Posted by: admin on Sunday, September 14th, 2008

If not for you then who, if you are financially set for life, lets start to create generational wealth for your family. I can’t think of a better long term investment for a 10 year old or a 15 year than a medium to large investment property. I know that I will get a lot of flack about the title, but let’s take a step back and think for a minute, if Fred C Trump had not started somewhere would there be a Donald J Trump probably not. What I am saying in so many words don’t worry so much about the success or lack of it that you have now, think about how it could be if your child has a significant nest egg when he or she graduates.

When Donald finished going to The Wharton School of Business he had alternatives, most children out of college only have a few choices and one of them probably would be to take a job directly out of college to start repaying all the loans they have acquired over their 4-6 years of attending college. Man what a relief it would be for you and your children if they could go to school debt free, it is not that difficult when you think about it, you just have to have a plan and execute your plan. In your plan you need to have contingencies in it, there really will not be a straight line to your desired goal, it will have a few road blocks, some possible hurdles to overcome, most important figure out what your desire end goal will be?

If the goal is important enough then you will not worry about failing, because that will not be an option. I listen to a tape every morning recorded by Les Brown and it has a part in it that talks about that word possible, if someone else has done it then you know that it is possible. Mr. Fred C. Trump made a decision when he was very young, for all that do not know his story it is worth looking into, before his 18th birthday he acquired his first property, what makes this story so intriguing was that he had to get his mother to sign the documents because he was not of legal age to do so himself. Most of us are above the age of 18 and we will not have to have our parents sign for us, but that just shows the power of a made up mind.

Donald likes to present himself as a self-made man, but how much of his success did his father assist him in. Fred Trump was worth around $400 million, so is “The Donald really the self made man he brags about, probably not, but so what he ran with the cards he was dealt, even though the cards were probably coming up BLACKJACK all the time. The reason for all this is that you too, can leave your kids a deck of cards dealt with BLACKJACKS as well. Now comes the part where the rubber meets the road, Fred C Trump made a decision that he wanted something better for his family, the question is do you? What stops most people is that they are afraid of failure, yes that is a possibility, but there is the flip side to that what if you are successful. If you close your eyes for a moment and think about owning a 100 unit building that at the time of purchase is worth about $3,500,000.00 and has a monthly gross income of about $70K per month after everything is said and done you have with a mortgage of about $22,000 per month you will still have a positive cash flow of $10,000.00 per month. I am not sure about anyone reading this but 10K a month will give you and your family a lot of options.

If you want to find out how “The Power to be free can help you to build generational wealth for not only you but your family. You need to get a copy of our free DVD that tells more about what “The Power to Be Free is all about and how it can assist you. This company was created with the end in mind. What is the end, to me it is FREEDOM. Not sure if that is very important to you but to me and my family I want my daughters to have the same options that Fred C Trump gave the Donald and his family.

Darrick H Scruggs

CEO

The Power to Be Free

http://www.Thepowertobefree.com

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Topics: Michigan Commercial Real Estate Investment Club

 

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