Here& #39;s how to turn $50,000 into $1,000,000
- Step 1: Go find a vacant building. Right now, there& #39;s a lot of vacant Retail and Office out there
- Step 2: Negotiate an option contract at an 8.5% cap with a $50k soft deposit, execution upon securing a lease for the building ...
- Step 1: Go find a vacant building. Right now, there& #39;s a lot of vacant Retail and Office out there
- Step 2: Negotiate an option contract at an 8.5% cap with a $50k soft deposit, execution upon securing a lease for the building ...
- Step 3: Find a great broker to go lease this building
- Step 4: Broker leases building. Now that it& #39;s leased up, you& #39;re at a 7 cap
- Step 5: Re-fi, Repeat
- Step 4: Broker leases building. Now that it& #39;s leased up, you& #39;re at a 7 cap
- Step 5: Re-fi, Repeat
all credit goes to @TheRealEstateG6 who actually gave this example on this podcast with @fortworthchris - highly recommend listening! It was an awesome discussion on all things real estate. https://open.spotify.com/episode/5ziN1IsDhv68FFZUh1KrFr?si=jWJ_Mzq6RA6cQQU8-LDSaA">https://open.spotify.com/episode/5...