Think & Grow Rich Lessons
Eric Braun Ohio City, Ohio , United States

Posted: 2018-08-05

"God seems to throw Himself on the side of the man who knows exactly what he wants, if he is determined to get JUST THAT! Moreover, the principle through which Dr. Gunsaulus got his million dollars is still alive! It is available to you! This universal law is as workable today as it was when the young preacher made use of it so successfully. "

                                                                                                                                                                  --Napoleon Hill​

  That story of how Dr. Gunsaulas got his $million is the story of my life! Back in October of 2013, I got tired of throwing money away in a pit called rent. I searched foreclosure after foreclosure. Most had holes in the walls and another had oil poured on the floor. Then while my brother and I were searching foreclosure after foreclosure, my brother had lost faith that I'd ever find a decent home for cheap. Especially when I found the perfect home, 1,060 sq. ft., 3 bedroom, two story home, with 2 bathrooms, one with a three man tub and the other with a half finished shower. Along with a detached two car garage, with a loft on top. All for only $22k There was one issue! I had to come up with a $5,000 deposit with the bank.  My brother insisted, "You'll never get a home!"

  I had FAITH, even went to church the next Sunday and prayed with someone that I'd get the house. Then I said to my brother, "Can you at least look at it???" So he came to the house and saw potential, even though the trim was ripped off the doorways downstairs, drill holes in the walls, furnace and the central air was stolen by the previous owner when the house was sold to the bank after a sheriff sale. So we drove from Indiana for Ohio City, Ohio. Once we got there, his eyes lit up! He saw potential! My brother is the trustee of my Dad's Trust and he said to me, "You want a loan?" He was going to loan me $22k out of my Dad's Trust! (My Dad died of throat cancer back in 1996.) 

  Then just before we closed the deal with the bank, the shingles blew off the roof. I didn't know it at the time, but the previous owner took out 4 nails per shingle, just before he moved to Kentucky, on the house and the garage. There is supposed to be 5 nails per shingle. I told the realator that I'm not giving more than $20k! So we closed the deal for $20k, $600 less that the bank paid for the house at a sheriff sale and the bank was anxious to get rid of the house after being on the housing market for two years, then my brother also loaned me $10k for improvements. I was living in a one bedroom studio apartment for $325/month. Now I'm paying a 30 year mortgage for only $325/month! Interest free!

  I've been an entrepreneur for just over 5 years. Some were pyramid schemes and others were legit. There was just one problem. I was not a convincing salesman. For about 3 years, I've had a plan to accuire land for a business. It is my 10 to 20 year goal, along with a loan from that same bank that wanted a $5,000 deposit. My goal is to someday get a $1 million loan for that land, just like Dr. Gunsaulus!!! I just have to slowly improve my credit score. That person who prayed with me in church is my neighbor, now.

 

Eric Braun

Ohio City, Ohio, USA