Ron Rabenstein – Muncie, Indiana
I believe the best way to learn the business of real estate investing is to hear how others have done it.
When these interviews were recorded, I asked Tom, the interviewer, to ask questions that would help the viewer see how these folks got started.
I wanted to hear the struggles, the successes and a clear path and explanation of what they had to do to make these deals happen.
I did NOT want them to be a bunch of people telling you how wonderful Joe Crump was. I wanted content, examples and real life experiences.
I hope we succeeded.
________________________________________________________
My 6 month mentor program:
http://www.ZeroDownInvesting.com
http://www.JoeCrump.com/partner
A few Case Study Video Interviews with my Students:
http://www.JoeCrump.com/partner/casestudy.html
I Clocked Out After 32 Years At My Current Job And It’s All Because Of Joe’s System
Ron: My name is Ron Rabenstein and I’m from Muncie, Indiana. We found out about Joe’s program by my wife finding him on the internet back in 2001. When we found Joe, we looked, we were looking for real estate options to generate extra income. Our first deal, I think, took about sixty days. We got a property and put out Joe’s yellow signs that he recommends and we made $8,400 on our first deal. And so that got the ball rolling, got us some cash flow. That one probably make have took 20 hours, I’m going to say, just doing it the old fashioned way and going over and showing people the house and then we actually got in a bidding war with two people which helped us increase the profit from about $6,000 to the $8,400.
Ron: One of the best deals I got was a four-unit apartment building that was fully rented for about $4,000 and we had that for about ten years, finally sold it to someone less fortunate than us.
Ron: Yes, we are closing deals consistently. We’ve closed on seven this year so far, one just two days ago, when we got back from a vacation in Boston. We have three more that are pending. Two will be closing next Friday and then one in May. So we constantly have deals in the pipeline. My goals for this, being a real estate investor over that last fifteen years, even though I didn’t dislike my job, I didn’t like the retirement that was I was seeing was going to be available, so we made goals to initially get cash flow coming in to have extra money for travel, but then it switched over to I wanted to retire earlier than the system was allowing me and so actually last Friday at 3:30 I clocked out after thirty-two years at my current job and it’s all because of Joe’s system.
Ron: Our son’s growing up in the business, and now my wife’s brother works for us, and another guy. Everybody in our family just about has bought a house from us because we’ve gotten good deals, you know, pass that on to all of our family.
Ron: If someone’s wanting to start and doesn’t have much money, that was what was appealing when we found Joe’s zero down system, because at that time we didn’t have much money and we were just getting started and he gives you the questions to ask people and he gets you in the realm of where there are deals that are low priced and you don’t need as much money at the general public would think that you would need, because there’s people out there are hurting, and if you can help their situation out and you can actually get deals started for very little down.
Ron: Other comments about Joe’s system is I would encourage people to check it out. He’s very genuine to us and honest. That’s why we’ve been with him for fifteen years now. We’re just so thankful that, what he’s been able to help our family do and we’ve met a lot other of his students over the years and seen what amazing they’ve done better than we have, but yet, you know, we’ve done very well, you know, bought over 130 properties in those 15 years and you know, completely replaced my working income and so our retirement future looks very bright for us and our family and our new granddaughters.
Ron: We would encourage you very much to check out Joe’s teaching and find what little niche might work with you. There’s a lot of good entrepreneurs that come to his program all over the country. And we just thank Joe very much that he has changed our lives.
