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Home » Resources » Millionaire in the Making – Steve Rice

Millionaire in the Making – Steve Rice

Hi Ron,

Having a VA has jump started my real estate investing business. It allows me to concentrate on the really motivated sellers and not the “time wasters.” I used to be a rental slave. I say slave because I was a slave to my business.

After I finished my “Ron LeGrand Education,” I have converted most of my rentals into either owner financing or lease purchases, all with down payments and with the understanding the tenant is responsible for their own repairs and maintenance. My cash flow has tripled and I have no bills and a nice savings account! I quit my $100,000+ a year job two months ago and now I have a life!

My VA is very professional and brings me some good leads every month. I have purchased 7 properties since March 2015 and leased 2 more properties from her leads. Each came with a nice down payment.

My latest prize is 122 Huntley Drive, Kathleen, GA. My VA sourced this one and sent me the Property Information Sheet with a “Yes” on the lease question. I contacted the owner, met with her and leased the property for $950 month for three years starting 30 days after she moved out with no deposit with an option to purchase the property for $131,800. The balance is reduced $200 each month.

I quickly found a tenant buyer that paid me $10,000 down, $1250 month, two year lease with an option to purchase for $149,900.

Thank you!

Steve Rice

 

 

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7 Responses to Millionaire in the Making – Steve Rice

  1. Qareeb Bashir Sr. says:

    Good Deal

  2. Robert Straker says:

    Hello Steve,

    Congratulations and good job on the deal! I am proud of you and your efforts. Glad to read that you made some good money and are becoming a successful real estate investor. I am new to Planet Ron, and am working on my first deal. One day I too will be able to post a success story like yours. Take care, keep up the good work, and keep on investing.

    Bye for now,
    Robert

  3. Tony and Angie Stewart says:

    This is awesome and a testament to the power of a VA to bring you a deal that can be a game changer! Congratulations!

  4. Robert Straker says:

    Hello again Steve,

    Congratulations and good job on the real estate deal! I am proud of you and your efforts. Glad to read that you made some good investing decisions and are becoming a successful real estate investor. I am new to Planet Ron, and am still working on my first deal. One day I too will be able to post a success story like yours. Take care, keep up the good work, and keep on investing.

    Bye for now,
    Robert

  5. Robert Straker says:

    “Some things will not happen now because it is not yet the appointed time, but they will surely happen when the time is right.”

  6. Robert Straker says:

    Oh by the way Steve,
    How many other deals have you done since this one? It would be interesting to find out what other deals you have so we can all learn from you experience and perhaps use that knowledge to help ourselves make us successful. Thank you and take care.

  7. Robert Straker says:

    Hello Steve,

    I am working on a deal right now and hope you are reading this comment so as to replying and giving me some words of encouragement, advice, and support. I sure could use it so that I too can be a successful investor! Maybe I’ll hear from you soon? Take care.

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