Woodall - The Real Estate Way

The Real Estate Way

A Fast Lane Guide to Financial Freedom and a Secure Retirement

Justin Woodall

Kindle Edition

Copyright 2019, Justin Woodall

All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in reviews and certain other non-commercial uses permitted by copyright law.

Disclaimer

This book is written from the context of my own personal experiences and those that Ive observed by being a real estate broker for well over a decade. The scenarios and examples used are just examples. Any given expenses, like repairs, management, taxes, insurance, etc., are estimates. And, I dont always include tax consequences of sales, income tax implications, commissions, fees, etc. To do so would make the examples too confusing and difficult to understand. My goal in the examples is to keep it simple, and their purpose is to teach you how to think. I want you to be able to think and analyze, beyond just Diversify and hold stocks for the long term, Invest in your 401K, or Put money in savings, and hope for the best. The aim is to help you to really evaluate opportunities and see which is best for you and your family. Real estate has accelerated my wealth and passive income much more quickly and easily than I personally could do in stocks or any other way that I know of, other than building a business. I hope it is the beginning of a lucrative and fun journey to building your own portfolio of real estate so that you can be financially free and have more time to spend doing the things you love.

The opinions and statements herein are mine. There is no guarantee that by utilizing the tips, strategies, or information contained in this book you will be profitable. People have made millions in real estate and lost millions in real estate. So, before investing, I recommend that you seek advice of individuals, like CPAs, attorneys, or other people you trust. I am not a CPA, attorney, or financial advisor qualified to give you investing advice. I am a real estate broker licensed in the state of Georgia. Real estate markets are very local, and prices and rents will vary from state to state, city to city, and town to town. So, I recommend you seek the council of trusted advisors before you invest your hard-earned money, but allow this book to entertain you and open your mind to the possibilities of income-producing real estate as a superior way to fund your retirement and your life.

ISBN: 978-1-7339951-1-5

Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.

Andrew Carnegie

FREE RESOURCES

For more resources related to real estate investing, to find a top investment real estate agent in your area or for a link to a FREE Rental Property ROI Analyzer tool, visit us online at:

www.TheRealEstateWayBook.com

Contents

This is not a get rich quick book. This book is written for the average person who is tired of the volatility of the stock market and low interest rates paid by savings accounts and CDs. It is for the person who wants financial security and a stable monthly income. Its for the person who wants to be able to retire early! Its for the person who wants to be able to leave assets to their children and grandchildren rather than burn through their retirement savings. Its for the investor who is looking for a more secure, steady, and predictable vehicle that will produce great returns.

Real estate is that vehicle. So many people run away from it because they dont understand it. My aim with this book is to deepen your understanding of real estate, help you determine if its a vehicle you want to utilize, and be a guide for you as you begin your journey to financial freedom. So, when the title says, fast lane, it doesnt mean youll get rich overnight, but the methods in this book can get you to financial freedom much faster than the traditional means of investing in a 401K and a traditional retirement account of stocks and mutual funds.

Many Years and Thousands of Transactions

I began working in the real estate industry in 2004. At that time, I worked as an individual real estate agent with the largest company in town at that time, Coldwell Banker. Starting out, I was simply helping buyers to buy and sellers to sell real estate. Over time, I met real estate investors and began to see the possibilities and the freedom that income-producing property can deliver to the owners and to me.

As my past client list grew and demands on my time became greater and greater due to the number of clients that needed my help, I began to grow a team of agents. I then transferred my license to Keller Williams Realty where running and growing a team was a better fit. After spending four years there, I left to open my own real estate business, Woodall Realty Group, and brought my team with me. Our business has grown year over year, and we continue to gain market share in the Athens, Georgia, and surrounding areas. The majority of our business is helping homeowners to buy and sell their primary residences, but we also work with builders and investors. By working in all of the sectors of residential real estate, we have a great overview and understanding of all types of real estate, especially residential.

Through developing this understanding and seeing the possibilities, I, myself, have been able to invest and accumulate income-producing properties that provide a nice annual income for my family and continue to build my wealth. The best thing about it is that the majority of the wealth building is funded by the tenants in my rental properties, rather than out of my own pocket. Because I want you and many, many others to enjoy the same steady income and wealth-building that real estate can provide, I am writing this book. Lets take a moment looking at all youll learn.

The Real Estate WayAn Overview

The aim of this book is to show you how you can create your own customized portfolio of income-producing real estate to achieve your financial goals, build streams of monthly cash flow, and realize the freedom that can come through real estate.

Well begin with a comparison of real estate vs. traditional retirement investing, like IRAs and 401Ks, to show the higher returns, the predictability, and the stability that real estate can give in the long-term over these traditional investment routes. We then take a quick look at the work and attitude needed to invest in real estate profitably. For any readers not yet financially set to get started in real estate, I supply some solid recommendations on how to revamp your finances and mindset around money, so that you are prepared to get in the game.

With that groundwork established, we next move into the what of real estate investment properties. There are different types of properties you could invest in as well as different classes within each type. Well look at those and discuss the pros and cons, so you can start figuring out where your interests lie. Next, youll learn my formula for analyzing a property to determine whether or not its going to give good returns. Yes, Im talking return on investment (ROI) here. One key to great returns is finding the right properties. As a long-time real estate agent who also invests in my own properties, I reveal ways to find those hidden gems.

Once you find your deal, youve got to be able to pay for it. Youll learn the traditional means of financing a real estate investment as well as some creative options that can allow you to buy more properties faster and with little or no cash out of your own pocket. Sometimes a little creativity can skyrocket your returns. Well also discuss the upsides and downsides of different types of ownership.