Gary contacted an older couple that had a 90-acre farm that was zoned agricultural. This farm abutted a property that was zoned small commercial. Gary, using contract for deed created an agreement whereby he agreed to purchase the farm for $900,000 subject to the zoning being changed to small commercial. Gary put up a refundable deposit. He did not purchase the farm. Gary then spent six months going through the process to change the zoning on the agricultural property. It cost him $25,000 in attorney fees. When the zoning was changed, Gary, using assignment of contract, sold the contract to a developer who wanted to put in a mobile home park for $1,000,000. The developer paid Gary $1,000,000 and paid the farmers $900,000. Gary’s total out of pocket expense to earn $1,000,000 was the $25,000 he spent for the attorney.
George owned a restaurant. He had a specialty dish that was extremely popular. George hired a financial planner to review his business. The financial planner, using analytical accounting, discovered that George was losing money on every single specialty dish he sold. George changed the pricing and increased his profit by $10,000 a month. If George had taken the Independence Program prior to opening his restaurant, he would have been able to calculate the correct price to charge for hisspecialty dish and made profit on that dish from day one.
Dick, after coming out of prison with nothing except a business plan developed from his taking the Independence Program, started a cab company. 18 months later he sold the cab company and used the capital to get into real estate. Two years later, Dick owned $1.2 million of real estate free and clear and, at 45 years old, retired, he will be living off the rental income from the properties.
Tony started with nothing except a desire to own his own towing
business. While he was incarcerated, he had the opportunity to take the Independence Program. One of the key aspects that he learned was how to repair and establish his credit. Six months after he started, his credit score was over 700 and he had a $30,000 line of credit. Once he was released from prison, he started my towing business. Three years later, he owns three trucks and just purchased a $400,000 home.
Thanks to the Independence Program, he did all of this legally.
Don realized that there was a need for cell towers in his community. He found a company that installs towers and made a deal with different landowners who had property that had higher elevations. The cell tower company agreed to get all the permits, build the towers and rent them out to cell phone companies. They agreed to split the rent with the owner of the property 50/50. Don negotiated 5% from the owner of the property and 5% from the cell tower company. So, the final structure was Don 10%, cell tower company 45% and property owner 45%. Don will be receiving approximately $600 per month per tower for the next twenty years. No money out of Don’s pocket. (All concepts to complete a project of this type are in the Independence Program.)