It’s never too early to start working towards your ideal life. How can you use a sale-leaseback to reinvest your savings into building a family, home, or business?
Shawn Singleton has a vision. Already a published author, motivational speaker, athletic trainer, cyber security expert, and father of five kids under seven, Shawn is determined to make even more of an impact. “My dream is to have my own gym as well as to have my own cyber security firm.” His ultimate goal is to have his own, all-inclusive youth development center. I “enjoy developing them, motivating them, helping them avoid the pressures and temptations that are derailing their life when they get to their twenty-somethings, so that then they can have more of a chance of success in achieving their goals.”
Shawn knew he needed to make careful financial investments as he grew his businesses and family. He hoped to pay down debt to build a new home with more space for his five children. Next, he wanted to train and build his motivational speaking business. Then, he planned to launch his own cyber security company. Eventually, he hopes to align these businesses to fund his youth development center and gym. But where could he find the cash to begin investing in these endeavors?
That’s when Shawn found Truehold. Through a sale-leaseback, Shawn was able to use his own home equity to kickstart his vision. “You don’t always start at the top, and so Truehold allowed me to continue to take that money and invest it in my dream.”
“You don’t always start at the top, and so Truehold allowed me to continue to take that money and invest it in my dream.”
Shawn’s first priority was building a new home, but he was wary about selling his house. “I don’t think people understand how stressful it is to sell your house… I’ve sold a house before. That was when we had I think 3 kids, now we have 5, so imagining trying to do all of that over again was stressful.” Keeping the house clean and show-ready, managing the appointments, and going back and forth with realtors seemed impossible to manage. “We wanted to build another house, so how can we get out of this house without selling it?”
From the first phone call with Truehold, Shawn said, “I instantly saw that they were genuine, they cared, and they did all those things that most people say these kinds of companies don’t do. It was different.”
When he got Truehold’s offer, he did the math to compare it to selling through traditional routes. “I don’t have to move. To do it your way is cheaper. You come out on top every time.”
With Shawn’s many responsibilities, he was most grateful for the simplicity, speed, and convenience of the sale-leaseback. It gives you back “time you can’t pay for!”
“Truehold made it very easy for us to navigate this new purchase, this new construction, while also being able to maintain the lives of our children.”
“I instantly saw that they were genuine. They cared.”
After paying down his debt to build the new home, Shawn put some of his additional proceeds from the sale-leaseback toward speaking coaches and mentors. “It helped me to launch the brand and get started.” His company, Reshape Your Thinking, Inc, is now live and taking speaking engagements. “It was really beneficial for us.”
Truehold equipped Shawn with the time and money he needed to work on his goals. Now, Shawn says, “I feel like I’m doing exactly what I’m supposed to do. Just impacting someone’s life, even just doing the smallest things and helping them get better, helping them learn different things. Especially with the training and cyber security, helping them understand how to navigate the world.”
“It helped me to launch the brand and get started.”
Thank you to Shawn for sharing your story! Thank you, too, for using your sale-leaseback to continue to make an impact on your community.
Shawn’s Basketball Training
This interview has been edited for length and clarity.
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