WHAT IS A GOGO ACTIVE INCOME?
PROFITS AND OVERRIDES! 1- Make money on real estate buy and sales. 2- Increase your net-worth through equity build up. 3- Offset your income through tax deductions. 4- Increase your credit rating by owing real estate. 5- Have a monthly income through rentals. Here is a real estate transaction. ( for training purposes only ) A $50,000 Purchase Price B $25,000 3% Closing Costs on (D) + other expenses and appraisals 12 months interest @ 10-18% 5 points on (D) C $10,000 Repairs 7% of (E) D $85,000 Cost to Purchase – – – E $150,000 Selling Price F -$85,000 Cost of Purchase G $65,000 Gross Profit – – Equity 1- $32,500 GoGo GOLD Partner 2- $32,500 Company H -$29,750 Expenses on (G) 1- 6% RE on (E) = $9,000 2- 3% Closing Costs on (E) = $4,500 3- 10% GOLD Partner Override on (G) = $6500 4- 15% Other Overrides on (G) = $9750 I $35,250 Bottom-Line – Net Profit J $16,125 GoGo GOLD Partner 50% of (I) K $16,125 Company 50% of (I) Training EXAMPLE ONLY. Not a guarantee of expenses or profits. Revised
