One Deal Can Change Your Financial Life

flip hacking Sep 01, 2023

Real Estate Investing is unique in that you don’t get paid for your time, you get paid for the value you add.

You could work 100 hours and make absolutely nothing.

Or you could work 10 hours and make $25,000.

It’s all about providing value.

If, as a Realtor, you represent someone who sells a $750,000 home & you & your broker make 3% (typical commission on one side of a transaction in Texas), you’d be splitting $22,500.

If, as a Real Estate Investor, you buy a home in need or repair for $100,000 and you put $50,000 in it and sell it for $200,000, you just made $50,000.

The pay in these transactions is not based on how much time you worked. Whether it was a lot of time you spent or very little, the pay doesn’t change.

This is why doing something in real estate can be so advantageous for those of us in full-time ministry.

It can allow you to make significant money without having to spend significant time making it.

What I’ve heard from my students over & over again is that even just one deal provides life-changing extra money to support their ministry.

Many people think they must do lots of deals to make lots of money. That’s just not true. Depending on the type of real estate you’re in, a few deals can provide the equivalent of an extra part-time income for your family.

We recently did a deal in our business where we made in one day what some people make in one year. Those deals don’t come around all the time, but real estate provides the opportunity to make outsized profits for the time you put in.

Have you considered adding real estate as a stream of income to support your ministry?

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