Income for Life Member Spotlight...

Income for Life Member Spotlight... Posted: 28 Jan 2009 06:52 PM CST Mike Jovic signed up as an Income for Life member in July of 2008 to learn more about real estate investing and he was intrigued about having a coach assist him in his real estate education. Mike is pictured to the left with his beautiful daughter Macie! Mike had a very nice, completely remodeled home that he had bought of a rehabber prior to his Income for Life membership. Even though the house was gorgeous, he was unable to sell the home for anything near what he had sunk into the property for over two years! Mike had not dealt with renters, and he felt that Income for Life could be the organization to help him learn the Rent to Own investing approach. He met with Alex Carney, an experienced Wealth Coach, and quickly had a game plan for his property. Here is what Mike had to say: "I utilized the marketing techniques recommended by Income for Life and my Wealth Coach. They gave advice on the do's and don'ts, what works and what typically does not work. In December 2008, the property was rented to a hard-working couple on a two year Rent to Own program. The initial down payment collected from the tenants was $2,300. The rent on the property is $800 (positive cash flow per month of about $150). Alex Carney walked me through the process from start to finish... In the beginning I remember Alex's words...'Don't worry man, we'll find a quality tenant for your property, we'll getcha a down payment and we'll get this elephant off your back.' Alex and Income for Life delivered on their words. This was quite a learning experience for me. Being a new investor in an extremely tough market brough many challenges to overcome. When asked if I will continue to acquire additional investment proerties I say with enthusiasm... Most Definitely! In this challenging market, it is a great asset to have Income for Life not just working for you... but with you."