George Meidhof and Michael Huang guided us through the early stages of how to set up legal entities for investments and how to structure every kind of partnership. Early on, Chris Hake took it upon himself to devise a spreadsheet that laid out how many properties one would have to own and how much cash flow those properties would have to generate to net a million dollars in annual income.
Jimmy’s knowledge of the Texas foreclosure process lit our way through that thicket of information. Jimmy and Linda McKissack shared their insights into how they parlayed their real estate sales business into a phenomenal investing business. Not only are they all incredible investors, they are all teachers at heart. Don Zeleznak, George Castleberry, Tamara Fuller, Renata Circeo, Don Beck, and Elmer Diaz also participated in those teleconferences and wowed each of us with their incredible knowledge about the finer details of market analysis, property acquisition, and property management. The first name that springs to mind is Dyches Boddiford, who, even though he didn’t really know us, extended himself again and again by putting us in touch with numerous investors, sending us his material on entity planning, and participating in teleconferences to discuss the early systems and models we had developed. While everyone who agreed to be interviewed was helpful and insightful, several people really stand out because they went above and beyond to introduce us to more investors or supply more information. We began the search for investor interviewees by focusing on the wonderfully talented and successful real estate agents and investors we’ve known for years and kept asking for referrals until we expanded our list past those initial contacts. Although Michael is no longer with us, he has been ever-present in my thoughts, especially during the writing of this book. Many of the ideas in this book about money and wealth building came to me long ago during our breakfast discussions. I’d be remiss not to mention Michael Allen, who was my original wealth-building mentor. The stories she told inspired us and pointed us down the winding path that ends with these pages. Cristina had built an amazing real estate sales business that generated over $4 million in gross income each year by catering to residential real estate investors. While the research for this book began in the spring of 2004, the idea was born nearly two years earlier when we interviewed Cristina Martinez for our first book, The Millionaire Real Estate Agent.
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