Summary: Jeff Schechter, CEO and co-founder of <a href="https://highreturnrealestate.com/">High Return Real Estate</a> teaches how to build wealth through, turnkey real estate investment, Jeff has been helping his clients build wealth through, turnkey real estate investment, for close to 40 years.<br> <br> As a Realtor, real estate investor, as well as Life coach. I myself have been in the real estate business for some time 19 years. So I can lend a lot to this conversation. In fact if you google, <a href="https://myhelps.us/">Realtor Life coach</a>, I am at the top of the list! .<br> <br> CEO & CO-FOUNDER Jeff Schechter, aka “Shecky” has had the entrepreneurial bug his entire life. He started his first business right out of college, and over the years been involved in numerous businesses ventures. His love for real estate investing began in the 1980’s, when he rehabbed 5 of his own residences, before the term “house-hacking” even existed. Since those early days of torn up kitchens and bathrooms, he’s bought and sold many properties, and is an active investor to this day. In addition to investing, he operate a private consulting practice. He thrives on helping people realize their full potential…not just in business and investing, but in all aspects of life.<br> <br> <br> Show Notes<br> What was the fire starter that got you into, turnkey real estate investment,?<br> I kind of sucked at school. I was not very focused. I came from an incredibly traditional Background, where I just reversed a lot of expectations placed on me. As a result it was very difficult for me to follow through with stuff in college. So entrepreneurialism and starting my own businesses were really a form of necessity, because I didn't really have any terrific formal training. It was also a form of establishing my own freedom.<br> What made you choose real estate as that business?<br> I just always kind of have this entrepreneurial bend and would look for ways to increase my income. Eventually I started seeing that high ticket items like homes, had lots more opportunity for profit. I figured out back in the 80’s, I could buy them in not as good a condition and be able to buy them for a whole lot cheaper than what the pretty ones were, and I could fix them up and add a whole lot of value to them, because people were willing to pay a premium for the really nice homes. So what I would do is, I would just live in them for a year or two while I was fixing them up and then I would sell them and move on to the next one. It was a way to make some really nice extra profits and live for free for many years.<br> <br> That was kind of the initial seeds of my real estate investing career before I started, turnkey real estate investment,<br> <br> That's also a good model as well, because you know the government helps you with the capital gains tax breaks. If you live in a house that’s your primary residence for two years and sell that home, then you can earn up to $250,000 in tax free income if single and $500,000 if married.<br> <br> I actually didn't know that at the beginning, but learned it very early on. I would figure out that I wanted to live in most places exactly two years and one day!<br> <br> I was listening to the audio book <a href="https://www.amazon.com/Automatic-Millionaire-Expanded-Updated-Powerful-ebook/dp/B01G0GD0PE">“The Automatic Millionaire Homeowner”</a> and the author was interviewing a lot of homeowners who started off with purchasing small homes, like buying a $30,000 home and then selling it to buy a bigger home and so on and so on. One homeowner couple who started off with like $3,000 or something like that to buy their first home ended up making $500,000 on a $750,000 property. All tax free!<br> <br> <br> What is your advice for someone who is starting out today, investing in Real Estate in 2019?<br> Someone starting with a small house or a condo or something and try...
