Author: IM Phal

Zero-20 Assets Bank loans helped Phal fund his business in 2011 and 2012. This was necessary because he had no other options. He asks why. Cash rules. "Money is king, and we can run a business properly with money," he replies. “Bank loans were the best way to get cash flow for my business.” He continues, “I used bank loans to operate my business and create wealth. Bank loans saved my business and gave me cash. Later, I invested some of my gains in real estate to build my property portfolio.” “You need to be financially strong to help your community and country,” he says. Phal says he never lost up on his business even though he struggled for years because he realized he had to build assets to become financially comfortable.   He says, “After joining BNI, I started practicing what I had learned at school, society, and especially from ActionCoacch to improve my business. Build a profitable business to get trust. I accomplished this, and after three years of business growth, I was able to leverage more bank loans to create my riches, but I could not have done this without a successful business.”   More exports and imports than projected in June 2017 resulted in a residual cash flow of almost $300,000. The corporation started investing in real estate after cash flow improved. “My strategy was to use OPM—other people’s money—for around 70% of the investment, meaning I only had to find about 30% myself,” he explains. His first deal was a $690,000 land purchase in October 2017. Phal invested 30% after getting a bank loan. The transaction was completed on October 30, and the bank provided him a $200,000 loan the next day to pay for his half and stabilize the company's cash flow for six months. The property's value increased to $750 per square meter after revaluation, a 100% ROI.   Phal now has over twenty real estate investments valued at about $16,000,000. Since he invested approximately $700,000 in cash, his ROI is 2,325% over five years, or almost 465% each year.