For the most part, I never put a whole lot of thought or effort into anything close to smelling like duck… one of those network marketing or pyramid schemes; however, I have been amazed at how many super successful real estate investors and gurus have hidden secret behind-the-scenes proven money makers “silently” cranking multiple income streams into their bank accounts, IRAs, and more while they vacation, work, sleep, and while doing absolutely nothing.
One of the most amazing and powerful phrases I learned from Chuck Pousson yesterday was “…and you get paid for this whether you like it or not.” Isn’t this a pretty cool phrase.
If you “were” like me and thought these things were for pie-in-the-sky dream chasers, I can understand because I did too. But let me tell you something. As I traveled around the country and outside the country, I began to see the light. The very successful gurus and investors, almost every one of them have at least one or more of these secret passive income money makers. It did take me a while to see the light, but let me show you what I have discovered with just a few stories.
Tony Reaves is a superstar successful real estate investor and past president of the National Real Estate Investors Association and The Garden State REIA group. Tony and his wife Patricia have investment property in New Jersey and in Tampa, Florida. They have homes in each town too.
Tony is involved in several silent money makers. Each and every one produces residual income, monthly income, over and over and over. None of his silent money makers are one hit wonders. No Flash Bang Grenades, just silent little wells pumping out cash every month, every year.
While on the NaREIA Cruise in February, I had the opportunity to meet with Tony and his wife Patricia and he shared with me some of the silent money makers working for him.
- one delivers groceries, health products, beauty products to your home and you can schedule all of this online for months in advance.
- Tony is a mortgage broker and has one silent money makers to reapply monthly mortgage payments so homeowners and investors can pay off a 30 year mortgage in less than 7 years… and Tony gets residual income from this program.
While on the cruise, I watched Tony sign up 12 folks unrelated to real estate investing. Tony showed me one silent money maker where he was getting a check for about $1,500 every month and he just signed up about 4 months earlier!
Silent Money Makers
Monday, May 26, 2008
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