Praise forHow to Create a Real Estate Money Machine
and Retire with Income
As Managing Director of one of the world's leadingmarket forecasting firms, I have a lot of experience analyzingliquid markets such as Stocks, Bonds, Commodities, and Currencies.When I am asked about Real Estate, I have my Go To person:Michael Douville. He has a unique ability to help frame a propermindset and appreciation for Real Estate as a portion of aportfolio.
David Gurwitz JD, MBA, CPA
Managing Director: Charles Nenner Research
If you dream of a basic strategy that will createsteady income to last a life time. If you are willing to adopt asimple and long term plan to become wealthy and have the freedom ofspending your time doing things you love to do.If you want the planfrom someone who has been there, done that? THEN THIS IS THE BOOKFOR YOU. Michael Douville shares the plan that worked for him andcreated a reliable income for life. This comes from a real man withreal results and now he is willing to share just how he did it.Michaels plan is one that worked for me, and it will work for you,too.
John Foltz
Investor, Motivational Speaker, Philanthropist
Past President of the Arizona Association ofRealtors
Past Chairman of National Association of RealtorsStrategic Planning
Investment theories are everywhere and usually arejust that, theory. Michael Douvilles How to Create a Real EstateMoney Machine and Retire with Income is based on actualexperience. He shows real life examples, what to look for, how toanalyze a potential property, how to find a property manager andreal estate professional, basically, everything he has learned in40+ years of successful real estate investing that will result inyour cash flow creation and personal freedom. I have personallyimplemented Michaels approach and can tell you that I have a bigsmile every month when I receive my rent checks!
If you want freedom, a positive cash flow is a greatway of achieving it!
Joe Needham, MBA
If you are an investor looking for retirement income,why risk the stock market? Every 7-8 years there is a crash thatwould seriously impact your retirement income - 2000- 2008.Everyone needs a place to live and rentals will always be there.Also, the many tax advantages using real estate as an incomestream.
Lt. John Rowton Chicago Police Dept. Ret.
The strategy of using rental units as an integralpart of a solid retirement plan is not a new one but is commonlyoverlooked or not even considered by serious individuals oradvisors. This book is a masterful, hands-on, practical guide toincorporating rentals that can equal or exceed your returns on allother investments. It is a must read for anyone whether for pureinvestment purposes only or those who are preparing for theirjourney towards a rewarding retirement.
Joseph Paonessa,
Attorney; President and Founder of AmericasMortgageBanc Corp. Former President of the National Association ofMortgage Brokers Past President of the Arizona Association ofMortgage Professionals
I found your book to be well presented and asunderstandable as the ABCs. I strongly recommend the concepts foranyone looking for a cookbook with recipes to follow forinvestments and careers. The examples say it all.
Dr. Melvyn N. Zobler
How to Create a Real Estate Money Machine
and Retire with Income
Michael Douville
Copyright 2015 by Michael Douville
Smashwords Edition
All rights reserved. This book or any portion thereof may not bereproduced or used in any manner whatsoever without the expresswritten permission of the publisher except for the use of briefquotations in a book review.
Copper Cactus Publishing Company LLC.
10555 N. 114th St #105
Scottsdale, AZ. 85259
I wish to thank my wife for all she has done for meover these 36 years. She has taught me the meaning of Family whichis Forever.
As way to begin, I have had an absolutelyincredible Life! My intention is to inspire others to break awayfrom the mundane and follow your dreams. For me, Family is Forever!The Strategy to accumulate Wealth and more importantly Income hasallowed me to be present at every Teacher Conference, every Bandrecital, every Boy Scout meeting, every Camp out, every fishingtrip, every school event, every Birthday, every Graduation. I havebeen a Basketball Coach, Football Coach, Adult Boy Scout leader,and been involved on every level of my family. My wife and I havetaken our children throughout the South Pacific and have spent lateMay, June, July, and early August in Burleigh Heads, Queensland,Australia for almost 20 years on the beach and in the water. Inshort, the Strategy we employed has given us Freedom; the Strategywill give you freedom as well.
Table of Contents
Introduction
Wealth! What is it? How do you get it? Thereare no courses taught in school that teach students how to obtainwealth and yet hundreds of books are written about it! Everyonewants it and people have died in its pursuit. Wealth is elusive yetwe all know who the wealthy are or do we?
Websters Dictionary defines wealth as muchmoney or property; riches. Most people think of the wealthy as thesuper-rich such as Bill Gates, Warren Buffet, or Donald Trump, butif we dig deeper, there are many wealthy people who live quietfulfilling lives secure in the fact that their assets protect themfrom some of lifes problems. Wealth allows for problems to besplit: those that can be solved with money become Expenses, thosethat cannot be solved with money are real Problems. These wealthyindividuals are able to follow their dreams and contribute theirtime and talents to family and friends and to the benefit ofsociety in general. The wealthy are free of the time commitmentnecessary to provide the essentials of life because their wealthfrees them from the necessity of a job or a job they do not enjoy!This is the type of true wealth that we will define and outline astrategy to achieve.
Wealth, as I define it, is the ability tomaintain our lifestyle unaffected by change in the economicenvironment such as recession, interest rate increase or decrease,inflation or deflation, loss of job due to downsizing or governmentregulations, or change in your familys health. My type of wealthprovides incredible security and opportunity for your family. It allows for extended travel tofar-off and exotic destinations, allowing yourself and family toexperience other cultures and visit our earths natural beauty.Wealth will allow your children or grandchildren to be bettereducated, better clothed and fed, and they can go to summer camp,or learn to play golf and tennis. All provided by wealth!
My wealth strategy has allowed me to writepart of this book in the South Pacific where I traveled for fourmonths. I wrote parts of this book in Fiji, across Australia, andin a new luxury eighth floor condo overlooking the Pacific in Mt.Manganui, New Zealand. I was able to travel where I desired for aslong as I wished because I had formulated a wealth buildingstrategy which I will outline later on, and then put into action.My book is designed so you can follow in my footsteps and succeed!You can achieve as great a wealth as you desire! You can buildwealth that will pay all your expenses, give you play money, andstill grow each and every month! Getting started and changing one'slifestyle and habits is the greatest challenge, cutting expensesand building reserves is not easy and requires total commitment byall parties involved and the first few years are the toughest, but if you follow my guide, you will succeed!
Different Asset Classes
There are different assets that varythe forms of wealth. One milestone for Wealth commonly used is theaccumulation of one million dollars, in one of these forms: cash,stock, bonds, or real estate. There are of course other forms suchas art, jewelry, collectibles such as stamps and coins, orintellectual properties, but the above four asset classes are byfar the most common. I do not profess to be an economic professor,but I do have a working understanding of these basic classes.
Next page