Welcome to The Annenberg Report, a weekly newsletter bringing you the latest trends in real estate investing, building, development, and property management (in addition to some great money-saving ideas also). Helping you build wealth through property appreciation and monthly cash flow from rental income the same way I do “from owning and managing my own portfolios of income-producing, equity-rich real estate nationwide!“
A Few Interesting Facts About Money I Think You Should Know…
- “If you don’t know value, you will never have anything valuable therefore you will never have any money!”
Wealth is measured in value! Value equals the difference between the value of “something” in dollars less the amount owed, less the operating costs of the ownership of “something.”
2. “A disorganized genius is no match for the average person with a daily routine.”
I am a disorganized person for sure! I am far from a genius, and my daily routine is sporadic at best. In truth, I live off of crumbs! If I was someone that had a daily routine along with being highly organized, the fact is I would be worth tens of millions of dollars instead of just being worth just a few million dollars! That’s the power of real estate! With all my flaws and short comings (ADD, bipolar disorder, manic depressant, just to name a few…). It’s really my properties I owned that carried me through life. They are actually the engine themselves. I am merely just the steering wheel, the brakes, and the throttle. I learned late in life what I could do and what I could not do. Looking back, what I could do is acquire and manage properties and get rich doing it!
3. “There are no wealth secrets…COMMON SENSE PLUS ACTION EQUALS POWER.”
Most wealthy people who own a business are simply doing the same thing so many others did before them. There is no secret to what they do. They simply use common sense and take action. It’s really that simple! What does it take to have a great restaurant? Great food of course! The restaurant can only stay in business with repeat customers. They are relying on you coming back every few weeks or at least every month or two. If not, they cannot sustain their livelihood. Who would come back to a restaurant if the food is no good? How about a strip club? Would you go to a strip club if the girls look like Rosie O’Donald? The first thing guys talk about is how hot the girls were, or…how but ugly they were. In the adult entertainment business, it’s all about beauty and sex appeal. Even this is basic common sense and no secret because there are no wealth secrets. It’s all about basic common sense!
A roofer today, does the same thing a roofer did ten years ago. Same as a plumber, electrician, doctor, dentist, etc. The one’s that are rich are doing the same thing their predecessors did years and decades before them.
There are no secrets to what I do! Just like the roofer, electrician, plumber of today is doing the same thing as the roofer, electrician, and plumber of yesterday. My story is no different. I’m doing the same thing real estate people did for decades before me!
Rock and roll bands of today are basically doing the same thing rock bands years and decades ago did back then. A. record music B. Go out on tour. C. Get drunk high and party. D. Repeat A B and C all over again. They say “history repeats itself.” They also say “those who know history learn from it” and “those who don’t are more likely to repeat it.”
It’s more about knowledge and action than anything else along with good old fashion common sense. Example, just look at the properties below. Common sense along with experience told me to buy these properties in 2014 a few years after the big market crash in 2008. Common sense and experience told me to rent them out and hold on to them for at least 5 – 7 years rather than to sell them to another investor for a measly profit of $5,000 per house. Common sense and experience sure paid off as I made over $400,000 on these three properties alone!
This is what real estate is all about Investing! Holding and managing a property is real estate investing. Selling a property to another investor wholesale is not investing. It’s simply a way to pocket some quick cash! Most people who sell properties wholesale are not rich and never will be! Unfortunate for them, they’re too stupid to know this. Don’t be like them!
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About The Author
- Robert Louis Annenberg Is a 40 year seasoned property owner, manager, investor, builder/developer and business man who is also an author of five published books to date (Amazon.com) and the chief editor of LifeQuestJournal.com. He can be reached at: [email protected] and (201) 289-2500.
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