TRENT WILLIAMS
entrepreneur investor mentor
LESSONS LEARNED:
WHAT I'M PASSIONATE ABOUT:
BACKGROUND:
I grew up riding horses, milking cows, working in construction, and owned two businesses as a teenager. Building and renovating properties was rewarding...seeing the beauty from the transformation.
In my late 20's, I noticed that banks seemed to be one of the most lucrative aspects of real estate. I felt it would be a dream situation to be like a bank and experience recurring, long term income...with people making their mortgage payments to me. So I started buying seller financed 2nd position mortgage notes at a discount and then receiving the monthly payments.
I continued to develop relationships with financial institutions and investors, so when the market adjusted in 2008, I ended up buying and selling hundreds of bank owned properties to other investors, and acquiring a significant number of my own cash flowing properties.
Rather than rent them all out, I seller financed many of them to create first position mortgage notes so the new homeowners made their mortgage payments to me. My kids even bought their first investment properties. One daughter put $730 down and made over $50,000 profit when the homeowner paid off her 5 bdrm house in Chicago. Seeing another person experience success is rewarding...especially when it's your daughter :)
Challenges present opportunity. It's happening again...only at a much larger scale!
- As you succeed in any area of life, always throw the ladder down behind you to assist others climb up.
- Be financially independent! Your slice of recurring monthly cash flow from assets must exceed your monthly personal expenses.
- Invest in assets that banks lend on, i.e. real estate and businesses. Refinance if you paid cash in order to increase returns/leverage. Hold on to good cash flowing assets and never sell them. Refinancing is a much better way to access cash than selling...even with a 1031.
- Focus mainly on multi-unit CFAs (cash flowing assets), such as apartment complexes, storage units, mobile home parks for the majority of your portfolio. Invest in only a few geographic areas for more effective management, reduced costs and cash flow stability. A very small percentage of a portfolio can be higher risk investments, i.e. assets counting on appreciation without cash flow.
WHAT I'M PASSIONATE ABOUT:
- Assisting young entrepreneurs experience confidence, freedom, and financial independence, Net Worth Insiders
- Facilitating my daughters' quest in self education ... mentoring them in their own business, Angel Tycoons
- Enjoying a lifetime of experiences from discovery, curiosity and enlightenment (that which we do for another, we do for ourselves and vise versa)
- Using technology to create value and improve lives
- Causes that align with my values (i.e. Junior Achievement)
BACKGROUND:
I grew up riding horses, milking cows, working in construction, and owned two businesses as a teenager. Building and renovating properties was rewarding...seeing the beauty from the transformation.
In my late 20's, I noticed that banks seemed to be one of the most lucrative aspects of real estate. I felt it would be a dream situation to be like a bank and experience recurring, long term income...with people making their mortgage payments to me. So I started buying seller financed 2nd position mortgage notes at a discount and then receiving the monthly payments.
I continued to develop relationships with financial institutions and investors, so when the market adjusted in 2008, I ended up buying and selling hundreds of bank owned properties to other investors, and acquiring a significant number of my own cash flowing properties.
Rather than rent them all out, I seller financed many of them to create first position mortgage notes so the new homeowners made their mortgage payments to me. My kids even bought their first investment properties. One daughter put $730 down and made over $50,000 profit when the homeowner paid off her 5 bdrm house in Chicago. Seeing another person experience success is rewarding...especially when it's your daughter :)
Challenges present opportunity. It's happening again...only at a much larger scale!
BOOK
The Power of Leadership - Being the Leader Producing Results
Achieving greater success and true happiness in your life. In this book are a collection of insights from leaders producing results...featuring Ivan Misner Ph.D. Founder of BNI, Ben Gay III, Edward R. Mercer, who assisted scores of people become millionaires, Greg Haughton 3-time Olympic Medalist & World Champion. Excerpts from my chapter: Giving Your Way To Wealth
Many people never really tap into their power simply because they are unaware of who they are. They think that life happens to them and many times feel like victims in situations of which they have no control. The key for me in life is knowing Who I Am and BE-ing that. |
Whom do you surround yourself with right now? Have they achieved the results you want? Does their life embody your own values, desires and intentions? The people I associate with are individuals that are philanthropically minded, financially successful..., integrious, and value based.
My intention as a leader is to experience extreme wealth and success by touching the hearts and making a difference in the lives of each person I encounter. I relish in the possibility that this has in some way assisted and inspired you to make your life a masterpiece.
My intention as a leader is to experience extreme wealth and success by touching the hearts and making a difference in the lives of each person I encounter. I relish in the possibility that this has in some way assisted and inspired you to make your life a masterpiece.
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© 2022 Trent Williams