Inspired by the Rich Dad series by Robert Kiyosaki, we purchased a set of courses from Rich Dad Education/Tigrent Learning and traveled to Dallas, San Francisco and Las Vegas to take courses. We began purchasing homes in foreclosure and rehabbing. Our first property was completed in 28 days and sold in 7 days. Continuing with this model we were able to buy and sell 6 more homes over 24 months and use the proceeds to purchase rental properties. We currently own 3 single family homes and a 2 side by side duplex.
In 2011 we added our first commercial property to our portfolio which was a 30,000 sq foot office building in Little Canada for $625K which was completely vacant at the time of purchase. Within the first 2 years we have been able to raise the occupancy to 100% and raise the value to $3M. Since 2011 we have added 8 properties to our portfolio for a total of 368,000 sq foot retail center and a 89 unit mobile home park. In this period of time, we where able to give our investors a annual return between 32% and 62%.
The biggest part of is WHY we do we want to do this. We want to have the time and the financial means to give back. We plan to donate 10% of our net profit to charity. Janet is involved with Junior Achievement and would like to spend more time teaching children how to be successful in their own businesses. We both share a passion for teaching kids financial literacy – so when they graduate from high school they know how credit works. Shawn enjoys motivating and teaching family and friends how to get off their butt and start achieving their dreams. We also enjoy working with local charities to raise money and awareness. If you share the same passions, let us know so we can get you involved.