Robert Kiyosaki’s
AZ Property Tour, pg. 28
buildings.” Barker
adds, “We have a
couple of personal
teams who handle
every aspect of the
investment busi-
Mike Barker
ness.” His team
includes bird dogs, rehabbers, property
managers, brokers and everything in be-
tween.
AMERICANS: FLIP TO
AUSTRALIAN INVESTORS!
One unique program that REO Bailout
offers that no other company can match is
the is the “Flip to Australians” exit strat-
egy. This means that in addition to secur-
ing a deeply discounted property, rehab
team, and property manager, REO Bail-
out will also will procure an Australian
investor to buy the inventory purchased
by their clients.
Barker explains: “This particular pro-
gram has worked extremely well this year,
so far we have completed over 200 sales
to our Australian friends. In a nut shell we
buy the property, rehab, put in qualified
renters and sell the completed product to
our friends abroad. We have some of our
hardest workers on the ground in Aus-
tralia and they have done a fabulous job
selling a piece of the American Dream to
our counterparts. This is a win win for all
involved.”
REO Bailout’s “Flip to Australians”
program has proven to be extremely
popular, according to Barker. “We are on
board to begin selling 50 or more proper-
ties a month to Australian investors,” he
explains, adding “And they have just put a
team on the ground in Singapore.”
Undoubtedly, in today’s market, cash
is king, but for those who may fall a bit
short, REO Bailout has financing options
available with their preferred banking,
private and hard money lenders. They, in
turn, can provide investors with 70% to
80% leverage opportunities.
While Barker is not quitting his day
job anytime soon (law enforcement is
his personal passion), his annual salary
is similar to his monthly rental cash flow.
“This market right now is a no brainer,”
he confides. “I just purchased 47 condos,
all fully rented with no rehab needed. I am
also looking at an additional 40, just these
two acquisitions alone will gross $55,000
a month. Not too shabby for a full-time
SWAT officer!”
Realty411Guide.com
CA$HFLOW Board Games
by Douglas Carver
Track.” Only by acquiring and
investing in assets do you slowly
When I think back to my deci-
discover what it takes to generate
sion to become a serious real
the passive income necessary to
estate investor, I almost always
make it into the “Fast Track.”
return to the day that I first had
At the heart of the game is mak-
the opportunity to read Robert
ing players learn how to actively
Kiyosaki’s book “Rich Dad,
manage their money by filling
Poor Dad.” If you have not
out and creating their own finan-
Doug Carver
read this book, I would highly
cial statement. Players choose
recommend you read it and read it again. from a variety of starting careers (Truck
It literally opened my eyes and explained Driver, Mechanic, Lawyer, Airline Pilot,
how money works — giving me the true etc.) and fill out their financial statements
facts about money that the rich teach their appropriately. As they earn money, pay
children and that the middle-class do not. bills and invest in different deals they du-
While the book opened my eyes to ev- tifully log each change to their financial
erything I was doing wrong with my
statements and begin to understand and
finances, it wasn’t until 5 years
control how money flows through
later when I started playing
their lives.
Robert Kiyosaki’s Cashflow
Literally thousands of
101 board game that I ac-
Cashflow game clubs exist
tually began to take action
around the world. These are
and implement the ideas
groups of “like-minded” in-
and apply the concepts laid
dividuals who have typically
out in the “Rich Dad, Poor
read Mr. Kiyosaki’s book and
Dad” book. I like to say that
get together regularly to play
the “Rich Dad” book puts the
his board games to develop their
knowledge to create financial free-
skills for investing and money man-
dom in your head, but playing the Cashflow agement. Besides creating a fun environ-
game actually puts the knowledge to create ment to learn life changing financial skills,
financial freedom in your heart.
these clubs offer opportunities to create
You may ask “What is Cashflow 101 lasting friendships, learn about various
board game?” Well, the best way to de- investment opportunities, and build a net-
scribe it is Monopoly on steroids. Like work of contacts who can support you in
Monopoly it is a board game that involves securing your financial future.
investing, but unlike Monopoly it serves
It was because of the amazing people
as a powerful tool for learning basic finan- that I met at those first Cashflow game club
cial strategies and accounting principles. events that I decided to start my own clubs
Simply stated, Cashflow 101 is the first in in Burbank and Pasadena, Calif., over five
a series of games created by Mr. Kiyosaki years ago. So go ahead and check out a
to reinforce the information and financial local Cashflow club in your area. You can
principles that he teaches in his books.
go to www.meetup.com where many of the
In the board game, you play a rat that clubs (including mine) are listed and you
travels around two unique tracks. At the be- can join free. If you are like me, the board
ginning of the game you start in the small game will transform your “money mind-
inner circle track called the “Rat Race.” set,” whether you are a newcomer looking
You goal is to escape the “Rat Race” and to get out of the “Rate Race,” or seasoned
make it to the larger outer track called the investor seeking a faster path to financial
“Fast Track.” Starting in the “Rat Race,” freedom.
you quickly discover that simply earning
a “salary” will not allow you to create fi- To contact Doug Carver, please email him
nancial freedom and escape to the “Fast directly at: srm.inc@earlthinlink.net
PAGE 57 • 2011
reWEALTHmag.com