PLP-035 A chat with the Guru's Guru: Ron LeGrand

Published: Aug. 27, 2018, 1:42 a.m.



Ron LeGrand in his own words:
"When I first got involved with real estate I was a dead broke auto mechanic trying to make enough money to make ends meet. There was no such thing as disposable income around my house. It was all disposed of before I got it. Thirty-five years old, bankrupt and I didn't have a clue what I wanted to be when I grew up; but I knew it wasn't fixing cars in the hot Florida sun.
The year was 1982. I saw an ad that said something like "Come learn how to buy real estate with no money or credit." That appealed to me because I had no money or credit and I liked the rich idea. So, I attended the free seminar.  The instructor got us all excited about real estate and showed us how people were buying real estate with no money down. Then he said, "if you pay $450 and attend our two-day training this weekend, we'll show you all the secrets". I wanted in but I had a big problem, actually 450 of them.
But something compelled me to find a way to get the money and that's what I did. I borrowed it from two friends and showed up for the seminar. That decision changed my life forever, my family's life and their family's lives for generations to come, not to mention hundreds of thousands of my students and their descendants into the millions. That one small split-second decision that could have gone either way made me millions of dollars since and spawned countless numbers of millionaires all over North America and other countries I can't even pronounce.
In fact, most of the stuff taught in that seminar was over my head. I was clueless and could barely spell real estate. But I picked up one idea I felt I could do and within three weeks I made my first $3,000 from real estate using none of my money or credit, which I didn't have. I immediately called my boss and said, "I'm upping my income... up yours!"  The biggest thing that seminar did for me was get me involved in real estate and committed to changing my lifestyle. For years I'd been looking for something but didn't know what it was. When I got my hands on that three grand it became crystal clear real estate was my future.
Fast-forward two years, I had amassed 276 units, some single family, some apartments, not including some I sold along the way to live. I was a millionaire... on paper. I had over $1,000,000 in equity two years after starting with no money or credit.
Reality Arrives!
I sat down one Friday evening to pay my bills and realized my outgo was bigger than my income and my upkeep was becoming my downfall. All I had accomplished was create a big, ugly mess. I'd spent two years buying the wrong properties the wrong way in the wrong areas for the wrong reasons. I built my empire on a house of cards, not a solid foundation.
You see, I really didn't understand the real estate business. I just bought properties because I could, without money or credit. I bought all the crap savvy investors wouldn't touch. They'd already been to the school I was about to graduate from... The School of Hard Knocks. All my low income properties in war zone areas with brainless tenants were sucking me dry, financially and mentally. My days were spent solving their petty problems and listening to all the worthless excuses why they couldn't pay rent.
I spent the next five years selling off my junk for dimes on the dollar. It took me seven years into the business to really understand it and get my life back. Oh, I made a good living during that time. Several times my job income. But I sure wish I'd known me back then and had the system then that my students have now. On second thought it wouldn't have mattered anyway. I wouldn't have listened. I'm a man, men don't follow instructions. It's testosterone. It's not our fault. We can't help it.
After about seven years into the business and over 400 houses later I built an easy system to turn real estate into cash now, cash monthly and cash later.