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In this week’s Real Estate Success podcast, your host, Jim Ingersoll talks to Justin Morales about finding Financial Freedom by investing in Free Houses.
“Investing in 20 cap properties speeds up your path to retirement” – Justin Morales
Discussion points:
- How to get out of the rat race investing for passive lifetime income streams
- What a typical deal looks like:
- Purchase: $15k
- Rehab: $10k
- Rent for 750/month
- Borrow private funds at 8% and payoff the house in 5 years
- Building your boots on the ground teams:
- Realtor
- Handyman
- Property Manager
“When working on building your team, be sure to check their score card thoroughly” – Justin Morales
References:
contact: justin@precisioncapitalco.com
About our guest:
An entrepreneur at heart, Justin Morales’ professional interests focus on the Real Estate, Manufacturing, and Oil and Gas industries. Justin’s current projects include: acquiring a Homevestors Franchise (We Buy Ugly Houses) in Florida & Alabama, leading a top-selling team of realtors at Keller Williams Realty Northern Colorado, operating a manufacturing company called Global Deign Assembly which specializes in LED lights and other RV industry parts, and partnering in five oil and gas projects in Texas and Kansas – all while managing assets of his own in seven States.
Justin is a Board Member of MCE Social Capital and has helped provide over $100 Million in funding for 32 Countries. He is also on the board of the Finally Home Foundation, which helps support the families of adopted children. Justin is currently working on his memoir, “The Abundance Effect,” with plans for publication later this year. Justin is devoted to his family, which includes his wife of 11 years, Lindsay, and his two daughters, Haven and Arie. When he is not with his family, Justin is enjoying the beautiful outdoors all over the world as an avid hunter and fisherman.
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