making money

Have you set your New Years Resolutions? My goal is to purchase 12 to 20 new front doors during 2012 and to finish the three we have left to do from this year.

 This is a great time to be buying a house. A primary residence, a rental property or a second home.

Prices are reasonable and interest rates are at all time lows. If you purchase a bank repo you can get discounts of 30% or more from the highs of 2008.

Rich Habits

It is not enough to want to be rich you have to have a burning desire to be rich. This is true because to make yourself rich you need to develop the personal habits and traits that will get you there, and that will require effort, and effort, especially consistent effort, starts with desire.

 I am what you would call a self made man. I have earned every nickle I ever got. I came from a large, poor family. I was blessed with a wonderful encouraging mother, a large passel of siblings to help teach me how to interact with people, a sharp mind and lots of ambition. I dropped out of high school, got married to young and all the other things poor kids do to make life more difficult. Then I got lucky, I met a series of people who saw potential in me because I was not afraid of work and I was inquisitive.

 On the right you will find the articles section of this web site. One of the problems with getting information on how to get rich, is that everyone wants to sell you something. Another problem is finding information that is tried and true, from people who have really done what they are writing about. Thus Towards Wealth was born.

There are articles on business and real estate investing. The real estate articles amount to a college level course on how to get rich using rental real estate as your means.

 The purpose of this article is to get you thinking about all the ways you can participate in real estate investing. No matter how much money you have there is an entry point for you.

 October was a so-so month with the election noise generally making a mess of peoples buying habits. Our retail web site www.patiostore.com had a 3% sales increase for October. After the 14% down tick last October we expected better and felt the election ads effected the market more then the economic realities. For November we are up 50% for the first eight days.

Besides the five or more ways you can make money investing in income producing real estate there are other reasons I like residential real estate investing. (This web site towardswealth.com has articles explaining all the ways real estate investing can make you money.)

I met a man today who makes $200,000 a year doing inspections for banks. He inspects any asset that the bank needs a report on. Properties, inventory verification, equipment verification etc. If the bank needs to reassure itself that something is what it is suppose to be, and where it is supose to be, he does the physical inspections for a fee.

 We will be done with the house remodeling project in Seguin Texas this week. It was part of our first property purchase for Gem rental properties LLC. (This is the "See how we make a million dollars project" that you get to follow along as we do it).