I’m excited to introduce you all to my friend Dan Dyer this week. Dan is a man after my own heart, working as a pastor and a real estate investor in Dugger, Indiana. I have a lot of respect for how Dan approaches real estate investing and leads his ministry, Apex Christian Alliance. Dan is a bit unique in the field of real estate because of his kingdom-minded approach. Check out what he has to say!
As we “die hard” real estate addicts begin to discuss some methods to maximize our profits, I would like to highlight the motto of WealthBuilders, which is “Making sense of making money for making a difference.” In building a strong, vibrant real estate portfolio, I believe the “Why” is just as important as the “How.” Our motivation for doing things is our destination that will meet us in our future – as a friend or foe, depending on what was driving us.
Isaiah 61:1-4 says that we have been redeemed (spiritually, physically, emotionally and financially) for the purpose of building up our city’s “waste places.” For over a decade now we have had the opportunity to profit greatly by using real estate to restore lives in our community. Here are some of the ways we add value to our customers and maximize profits.
- Financial training to help budget and repair credit for the future home owner/renter.
- Rewarding good renters with a free month’s rent credit in December.
- Assistance in helping to purchase the home they are renting at a reduced rate as well as pointing them towards a creditor that can help them with financing.
- Face-to-face meetings with tenants, not only to inspect the property, but to connect with and help the renters as well.
Adding value to those we sell or rent homes to can in turn add value to the properties that we own. This is especially true if the renters believe that being a good tenant will in turn qualify them to purchase a home through your company in the future.
Over the years, some of the families we have sold homes to have also had the opportunity to learn how to make their new home their bank. By opening a HELOC or “Home Equity Line of Credit” on their home, these families can now have a small real estate portfolio themselves and will often call us when they get good leads on houses coming up for sale in the area they live in. Through this customer-based social networking, we have had many opportunities to purchase properties we would have never known about otherwise.
Just last week a young man came to me and said, “You did something for me that my own father could never do in helping me own my own home.” In our area, property values are slowly going up as we remodel and repair the waste places: one house and one family at a time.
With all of this being said, I don’t want to paint the picture that it always goes well with every tenant. Yes, we still have some evictions, repairs, court dates on ejections, back rents, etc. But with all of that, to date, we have always made money on every home purchased. Thank you, Jesus!
President of Apex Christian Alliance