Gia Garcia's First Deal - Stepping Stone To First Million (Part 3)

This is the last part of the excerpt. On this part, my mentor Trace Trajano imparts very important lessons that you need to enable you to achieve your goals and dreams in life.

Read on and discover how he relates the lessons to how the 2008 NBA Champions Boston Celtics were able to win the championship.

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Source: Trace Trajano's Blog (THINK RICH - QUICK!)

For the past 2 postings I featured my "interview" with Gia Garcia, a student and franchisee who was able to finally sell her first deal. It was not easy and it took longer than expected. My hope is that her example will serve to inspire you rather than discourage you when things don't go your way as fast as you want them to.

As I said in my previous blog posting - there are no straight lines in the Universe. There are bends and turns and obstacles both large and small. S0metimes the obstacle is so large it blocks everything including your vision for the future. Sometimes the obstacle is so large you can't see beyond it.

But the way to go forward is go forward with faith. YES - you have to believe in your vision and you have to continually see in your mind that your goals and your dreams are achievable. You have to believe even when the present results tell you otherwise. The secret is not believing what you see and instead believing in your own vision.

What am I talking about? Am I losing my mind? What is all this talk about belief, and vision? What does this got to do with earning your first million?

Everything.

I saw last night Celtics victory over the Lakers. It's one of the most lopsided championship win in NBA history. The Celtics destroyed the Lakers with a 39 point lead. It was emotional. I have tears in my eyes. YES - I am a Celtics fan but more importantly...I have tears in my eyes because I can relate to and I admire the Celtics' team's BIG HEART. Kevin Garnett shouted at the top of his voice with tears running down his cheeks..."Everything is possible!"

They believed they can win...even when they encountered obstacles after obstacles.

So should you.

Winning is all the more sweet when it is not easy. And winning in the real estate game is not easy. Now that the market here in the US has turned for the worst, I've seen a lot of investors get wiped out. A lot of them are no longer investors. Moreover, 68% of real estate agents are no longer real estate agents because of the market.

It is easy to quit. In fact, it's even fashionable to do so. Everyone seems to be quitting the real estate game and you look smart for following the crowd.

BUT, quitters quit and winners WIN. There will be obstacles after obstacles but if you have the heart of a champion, it's a mathematical certainty that VICTORY is yours.

So like Gia...and the Celtics...you should face obstacles head on. Have a heart of a champion and get off your BUTT and face the challenges that life throws at you. Persevere. Get mentors and take MASSIVE...MASSIVE...MASSIVE ACTION. And believe in yourself and in your vision.

Continue reading...

Gia Garcia's First Deal - Stepping Stone To First Million (Part 2)

This is the second part of the interview of my mentor Trace Trajano with my colleague Gia Garcia regarding her experience with her first deal.

Pay close attention to some real estate marketing tips that she will be revealing that could speed up your property's sales.

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Source: Trace Trajano's Blog (THINK RICH - QUICK!)

Yesterday, I started the week with an "interview" with Gia - a student and franchisee of mine who recently sold her very first deal. My hope is that her story will inspire and motivate everyone specially those who has not done their first deal and even those who are finding it difficult to sell their property. Below is Part 2 of my interview with Gia. Read on, be inspired and take immediate action based on what you will learn here!

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Trace - what are the three most important things you've learned from this deal?

Gia -
1. There are several exit strategies - I thought there was only one way but I learned you can either wholesale, retail, rent to own or even rent out the property
2. There are several ways to market the property - offline, online, guerilla marketing, traditional.... and you never know where your buyer will come from so marketing has to be massive and extreme. It's also a numbers game, so...
3. Never Give up! Good thing I had the support of my mentors and co-franchisees from the Think Rich Pin0y Millionaire Network. They kept me going especially through the difficult times. There was a point when I almost gave up... I prayed really hard and kept on going and soon after the sale came!

Trace - what can you advice to those investors who have houses or properties they can't seem to sell?


Gia - I would advice them to learn how to market the property well. Sometimes its a marketing problem. Like I said, its a numbers game. The more people you have inquiring or interested in your property, the chances of it selling increases. And if I will quote you, "its a mathematical certainty!" Or another option is seeking a mentor or offering the property to any of us Franchisees! If its a good deal maybe we can help each other out! That's another thing that I learned in the process. From doing the business just for profit, I learned that I wanted to help people out or to solve their property needs. Whether they need to sell their property or they are looking for a good deal.


Trace - describe your current deal (acquisition price, potential profit)

Gia - The current deal I'm working on is a 9-door townhouse row in Tagaytay. It's still in its initial stage so we haven't closed yet on the price but it can generate a profit of P500,000 - 1million if sold altogether (wholesale/flip) or a potential cashflow income (net passive income) of around P55,000 per month just on rent.

Trace - so when are you going to be a millionaire?

Gia- In 5 months! That's my goal and dream... and with the guidance of my mentors and the support of the network, I'm very hopeful that I will achieve that dream.

Continue reading...

Gia Garcia's First Deal - Stepping Stone To First Million (Part 1)

The Think Rich Pin0y Millionaires Network has seen several success stories from its franchisees as of late, most of which are the sales of the acquired properties.

An excerpt below is one of them featuring one of my business associate Gia Garcia who sold the condo that she acquired.

Witness one of the inspiring stories of determination and persistence. Can you learn from her story and apply your learnings to your business and life?

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Source: Trace Trajano's Blog (THINK RICH - QUICK!)

Sometimes, profiting from your first deal takes a while. It took me 9 months from the time I acquired my first deal to the time I received a check. That's not what quick turn real estate is supposed to be...it's called quick for a reason and that is, you should receive a check in your hands in 30 days or less.

But no matter...winners don't quit. They win...no matter what. Even if it takes longer than expected. One of the winners I am featuring in this blog is one of my students and franchisees - Gia Garcia. It took her a while to make money in the business but I believe this first deal of hers is her stepping stone to her first million.

I "interviewed" her and below is Part 1 of that interview. Read on, be inspired and learn.

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Trace - I heard that you finally closed on your very first deal. Please describe this deal for me

Gia - Yes Trace! Finally! The property was a 3-bedroom, 2-bath condo unit. I got it it for 2,050,000 and sold it for 3,030,000. Net profit is around P220,000 after all the expenses and taxes.

Trace - what difficulties did you encounter?

Gia - The holding period and closing the deal. I had a lot of interested parties and inquiries, but I got a lot of rejections. In the beginning I also encountered difficulties with the bank-seller and the agency who sold the condo through auction. At first they didn't grant me access to the property after winning the bid. It took me 2 months before I could really do anything.

Trace - after experiencing the ups and downs, if you can do it all over again, will you still do this deal?

Gia - Yes I would. Since it was my first deal, I knew it was a learning process. And I really learned alot.

Trace - what will you do differently?

Gia - If I would do it all over again, knowing what I know now, it would probably be easier and faster. I would fix up the condo first and stage it before showing it to a client. I think alot of the initial prospects were turned off when it wasn't fixed up yet. Then I would go extreme marketing - using several marketing media all at the same time.

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Trace's comments: 97% of beginning real estate investors quit in 3 months or less- that is most so-called real estate investors don't make it. Quitters quit and winners win. Gia encountered difficulties after difficulties but inspired, guided and coached by her mentors and her co-franchisees, she perservered. The result? She made money on her first deal..and this is her stepping stone to her first million. Why? Because what she has learned from this deal is knowledge she can utilize to make more money in her subsequent deals. Her first deal also proves to her investor that she can deliver. And guess what? Her investor will invest again and again because of this. Her first deal also allowed her to generate a buyers' list - whom she can find properties for. I can't begin to imagine the amount of money she can make from this list alone and it all started because she had the guts to actually buy a property and stick with it until the end...despite the difficulties.

So...what about you? Are you a quitter or a winner?

Continue reading...

First Think Rich Pinoy Millionaires Network (TRPMN) Millionaire Franchisee - Part 2

Source: Trace Trajano's Blog (THINK RICH - QUICK!)

Trace - describe to me your latest deal? What is the potential profit, how did you find the deal, etc.?

Jessie – Our latest deal is “Romagna deal”, our 3rd property in Maia Alta, Antipolo. We already have a buyer for this property. We bought it for 2.5M, and sold it for 3.5M on a rent-to-own basis for 15 years. (Actually, we are selling it for 2.9M if cash, 3.1M if Bank financing. And 3.5M if Rent-to-own.) We found a buyer first and then we showed different properties even if they were not yet tied up. After the buyer’s decision as to which property they wanted, we talked to the seller and tied it up for Php5,000 only.

Trace - If there is only one thing from each of you that you can tell our readers who are striving to become millionaires, what advice will you give?

Jessie – Set “unrealistic” goals. And take massive action. Stay with it until its completion.

Apple – Have very good mentors who can guide you. Imitate them just like what we did.

Trace - Now that you are millionaires, what is next?

Apple – To be billionaires?! (lol) Honestly, you must not stop on what you are and have right know. Strive more so there will be more opportunities in helping other people. As Bo says, “The purpose of money is to help and bless others. The more people you help, the richer you become and you become rich not just materially but spiritually. You become truly rich.”

Jessie - Our goal is to earn Php1Million monthly. This can be done by retailing at least 2 properties per month with at least Php500,000 mark-up each.

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So...after reading this dear readers...what have you learned? And more importantly, what are you going to do about it? Will you remain broke and poor or will you imitate Jessie and Apple by taking massive action? If you choose and commit to be rich...what will you do NOW? What will you do? Will you commit enough that you can make a public declaration about becoming rich? Come on! Put it down - write it here by putting it in the comments. Make the whole world know about your committment to be rich. Enough reading and yakking about how other people became rich. YOU TOO CAN BE RICH! If you believe that you deserve to be rich, publicly declare it NOW in the comments section below!

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First Think Rich Pinoy Millionaires Network (TRPMN) Millionaire Franchisee - Part 1

Source: Trace Trajano's Blog (THINK RICH - QUICK!)

I am proud to say that I have another millionaire student - in fact I have two...they're the first millionaire couple. Jessie and Apple Raquel have blazed a trail and their story is such an inspiration. I interviewed them and here's part 1:

Trace - I heard you're the Think Rich Pin0y Millionaire's Network franchise's first real estate millionaire couple! Congratulations! How does it feel?

Jessie - We are proud to be the first "Think Rich Pin0y" millionaires because of our first property in Bancal Meycauayan Bulacan. When I am feeling discouraged and have lots of rejection, I always look back to this successful event in our life. This is really a milestone.

Apple - It feels really great! We owe this to our group the TRPMN (Think Rich Pin0y Millionaire Network) and of course to our magnificent mentors, you,Larry Gamboa, Bo Sanchez and Nelson Terrible.

Trace - describe to me how you achieved millionaire status in such a short time.

Apple - We bought through a bank auction a 10-door apartment as our first deal in Bancal, Meycauayan Bulacan. And through yours and Larry's guidance, we were able to determine that its value is Php3.7M and bought only for Php1.85M.

Jessie – In the simplest way, the most crucial thing is to set “unrealistic” and “bone-deep” heart-felt goals. My goal at that time was not to become a millionaire but to have a passive income (Php150,000 monthly) so that I don’t need to work abroad and leave my family just to earn a living. And whatever happens stay focused in achieving it but be flexible. There are lots of learning experience from your first deal. Try to find out what works and what doesn't. From my youth, I always believe that I am G0d’s beloved. That He is with me no matter what happens. I just believe in my heart that G0d calls me to do this thing for a higher purpose. In essence, you have to set goals. Act upon it and stay focused. And believe that this goal will be achieved.

Trace - what challenges did you encounter and how did you overcome them?

Jessie – The biggest challenge was to sell the 10 units of the apartment in Bancal, Meycauayan.We had a negative cash flow for 1 year. You suggested the idea of marketing it using Php99/day RENT-TO-OWN units. After massive marketing campaign, bandit signs and internet marketing, unbelievable things happened, we were able move the remaining 5 units in 2 two weeks.

Trace - so you went from negative cashflow for 1 year and because of one single idea from me...you were able to become positive cashflow in just 2 weeks. Wow!

Apple - It really ain’t easy being in the same business as a couple. Like for us, we two are really different persons..different personalities, have different views etc. So sometimes we end up in ‘hot’ business discussions.But don’t worry they oftentimes result in a very sound decision and I think it is normal for couples.

Continue reading...

For Those Who Want To Be Rich Using Real Estate

May 24/ 25, 2008 – Think Rich Pin0y Seminar + Cashflow 101 Game

Would you like to:

. Meet Potential Mentors for Real Estate Investing?
. Obtain the correct mindset about investing in Real Estate in the Philippines?
. Finally reconcile your Money vs God conflicts
. Play cashflow 101 with like-minded people and learn tips from those
who've "mastered it".
. Meet ordinary people who've actually purchased Million Peso
Foreclosed Properties this year!
. See how the principles of Rich Dad Poor Dad are adapted to the Pin0y Market
. Find out the correct steps in doing it yourself!
. Learn to deal with your fear by getting financial knowledge about
Real Estate Investing

Experience all these on May 24/ 25, 2008, Saturday and Sunday at the
Think Rich Pin0y Seminar at Philamlife, Manila from 8am-5pm.

What is unique about this Seminar?

. Larry Gamboa (best selling author of "Think Rich, Pin0y" . The man
who Started it all with a book and a true story!

• The Game Cashflow 101 by Robert Kiyosaki. Find out how many years
it would take for you to become finan.cially fre,e

• The Franchisees of the Think Rich, Pin0y Millionaire Network.
The very first batch of Millionaires in Training. Find out about
their investments

. Cashflow 101 "Game Master" Ronald Cagape, who's already hosted many
many games for first timers.

Free Bonuses:

1. Special Report compiled for this seminar only (not available anywhere else):
Top mistakes new real estate buyers commit.
2. We're be raffling off a mentoring session: 1 Hour with Larry
Gamboa. Ask him anything you want!

Want to GET a sponsor? Read on and we'll show you how.

Families of OFWs, this is for you.
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If you know any Overseas Filipino Loved Ones who are coming home by
May 24/25-invite them to go with you to this seminar. Larry's team
will teach you both how to convert all those remittances into passive
income -so Filipino family members can finally come home to their
families.

If they cannot come, ASK THEM TO SPONSOR YOU. It will be money well
spent. After you attend, tell them all about it.

Contact Now
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Contact 0915-499-1999 or email richteamevents+richardfernandezblog@gmail.com to ensure you have a seat. Fee is (P1450 / person).

Visit: http://www.thinkrichpinoy.com/ for pictures of the previous
sessions and FAQ.

If you already took this seminar before and want to do it again,
contact the numbers above ASAP to avail of a special 50% discount -
there's a limited number of seats for this.

P.S. Synergizing with like minded people is a must for budding
investors. Here's your chance to act now, see you on May 24/ 25, 2008.

P.S. Larry will be announcing something new this May 24/ 25, 2008, a way to
bring support to anybody interested but may not be in the Philippines!
Be the first to access this resource.

P.S. Maybe you can find your mentor here!

Continue reading...

Think Rich Pin0y SEMINAR Frequently Asked Questions

Think Rich Pin0y Seminar Frequently Asked Questions:

Many people have read the book "Think Rich Pin0y" but few have attended the seminar of the same name. Let's find more about this seminar....


Q: How can a this seminar help me?
A: If you're an entrepreneur or want to be, being with like minded people will give you an incredible boost in confidence, passion and drive to make your dreams come true. It will also introduce you to the right people. They say that if you average the income of the 5 people you're always with --that's your income. Now think of the possibilities if you huddle with millionaires...

Q: Why do they say "its the most successful millionaire maker program" in the Philippines? Is that true?
A: In real estate, it's "easier" to increase your net worth by buying a million peso (or more) property. The students of Think Rich Pin0y have actually done that several times. It's achievable within a year's time.

Q: Is it true that you get access to lots of mentors in the TRP Seminars but these are just "attendees"?
A: There are mentors in the crowd but there are a stable of mentors for the Think Rich Pin0y group. The first being Bo Sanchez in the spiritual side, for real estate Larry (Philippines) and Trace (USA), Jomar (Internet Marketing). There's also legal and accounting support as well and other mentors.

Q: Isn't Think Rich Pin0y only for Real Estate people?
A: Though the author, Larry Gamboa did concentrate on real estate in the book, the concept is to "think rich, pin0y". So it involves mutual funds, stocks, blogging and other businesses as well. The lessons in the seminar, specially those gained from playing the Cashflow 101 Game in the afternoon will encompass many businesses.

Q: What's the single most important benefit for me if I attend this Think Rich Pin0y Seminar on May 24/25?
A: You'll get to know the right people with the right resources who can bring you to the shared goal of creating one million pin0y millionaires. If you t want to be a part of this goal--then Think Rich Pin0y is for you.

Q: Is this another scam?
A: No, the seminar/workshop is just P 1450.00 (with an early bird discount its even lower). After that - the move is up to you what direction you want to take. There will be guidance from the Think Rich Pin0y Team as long as you avail of them. Some of these will be free (like the surprise New Year's gift of hearing (US Based Real Estate guru) Roger Salaam at Taal Lake last year -and some will be for a fee. You'll be surprised at how affordable these fees are. After all, you're going to be a millionaire and we desperately want you to be one.

Q: Why do you want ME to become a millionaire?
A: So you can donate MORE to God's work via Bo Sanchez's ministry. ....or any other ministry or outreach you want. And that's the exposed "ulterior" motive.

Q: Can we buy the Cashflow 101 game there?
A: No but we can form groups so you can play the game after the seminar!


Interested?

Join the Most Successful Millionaire Maker program in the Philippines!
All true, all genuinely focused to make you one of the 1 million pin0y millionaires by 2020.

Find out about it as you join Larry Gamboa & The TRP ManilaTeam
What : Think Rich Pin0y Workshop
When : May 24 OR 25,2008, Saturday OR Sunday (Pick One)
Where: PhilamLife Building, Manila
Text : 0915-499-1999 richteamevents+richardfernandezblog@gmail.com

Continue reading...

May 24 / May 25 Think Rich Pinoy Seminar in Manila

Join the Most Successful Millionaire Maker program in the Philippines!
All true, all genuinely focused to make you one of the 1 million Pinoy millionaires!

Find out about it as you join Larry Gamboa & The TRP ManilaTeam
What : Think Rich Pinoy Seminar
When : May 24 OR 25,2008, Saturday OR Sunday (Pick One)
Where: PhilamLife Building, Manila
Text : 0915-499-1999 richteamevents+richardfernandezblog@gmail.com

View all Think Rich, Pinoy! Seminar Events here.

Continue reading...

Think Rich Pinoy Author Dr. Larry Gamboa Explains Why Most Filipinos Are Poor

This video was taken a year ago when Kerygma TV interviewed one of my mentors, Dr. Larry Gamboa, best-selling author of the Think Rich, Pinoy! book.

In this video, he shortly discussed his journey towards finding his fortunes in real estate investing in the Philippines. He also gave a short overview of why most Pinoys are poor despite the fact that most of them receive good paychecks every month.

The feature presentation is after a short preaching by Bro. Bo Sanchez.

Sit back, relax, and listen very intently. This may be the answer as to why you are still struggling financially today. If you happen to be shocked by what he will reveal, please do leave us a comment. We may have answers to what you are looking for.

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Does Making The Goal More Unrealistic Makes It More Exciting?

Climbing a mountain to reach the top by walking is already a tough task to do for a beginner. What's tougher is if you want to climb it at a faster pace by running. If you are to choose among the two goals, which one would be more exciting to achieve?

If you are like me, I would go for the second one. Yes, it's more difficult but it is more exciting.

Imagine that two mountain climbers push through at the same time of day with the same goal of reaching the top. Obviously, the running climber will reach the top faster given all factors equal.

Just imagine being the second climber reaching the top grasping for air, body perspiring all around, and a body tired of exhaustion. But after all of this is the exhilirating experience of being on the top and enjoying the magnificence of the view around you.

Yesterday, I declared that:

I want to become the SECOND millionaire of the Think Rich Pinoy Millionaire Network.

After a consultation with Trace, he suggested that I change it to:

To become the fastest franchisee to become a multi-millionaire.

Wow! That's a bigger one. I think this is a better goal as it covers the first goal that I mentioned above and I got the chance to set a new record of my own.

In the world of Sports, speed is one of the great measurement of achievement. The same is true for other areas of life. If you can achieve something big faster, then you are worthy to be place in the record books.

That's all for now. I need to act now to make this goal a reality fast!

Continue reading...