Don't think anyone was doing this over the holiday weekend...
7 FRONT LINE LOTS - 6 ALL CASH + 1 Financed
That's $96k * 6 = $576K (no financing) + 1 Financed = $120K = $36K (30% of 120K down) $576K + $36K = $612K to company by Q4 this year!!
1 2ND LINE LOT = $70K = $21K to company by Q4 this year (30% down)
1 4TH LINE LOT = $50K = $15K to company by Q4 this year (30% down)
3 C LINE LOTS = $30K * 3 = $90K = $27K to company by Q4 this year (30% down)
$696K + $70K + $50K + $90K + = $906K on its way to the company in total
$612K + $21K + $15K + $27K = $675K to the company by Q4 this year...
ALL FROM BASICALLY 5 DAYS and an EASTER HOLIDAY in between.
That's the power of what this company is becoming.
That's not it though...
$675K by Q4 this year but there's still $321K financed over 72 mos = $321K / 72 = $4,458/mo for 6 years....
FROM JUST 5 DAYS and ZERO MARKETING...
LETS REMEMBER THIS IS A REAL ESTATE COMPANY....
How do you measure success in REAL ESTATE INVESTING?
1) ASSET MUST BE PROFITABLE... $406K PROFIT ON A $500K INVESTMENT BY ITSELF OVER 6 YEARS IS 81% WHILE RETURNING 100% OF ASSET PURCHASE PRICE - AND STILL OWNING 99.8% OF THAT SAME ASSET!!
AGAIN... 5 DAYS AND ZERO MARKETING TO DO THIS...
2) PACE TO SIMPLY RETURN CAPITAL INVESTED IN AN ASSET (we like to use CAP RATES)... IN THIS CASE CAP RATES ARE OUT THE WINDOW AS A RETURN OF $612K ON $500K IN LESS THAN 1 YEAR IS UNFRIGGIN HEARD OF...BUT IT GETS BETTER!
WE SPLIT UP OUR PURCHASE PRICE INTO 5 $100K SEGMENTS (amortizing them) OF WHICH ONLY $200K WOULD BE PAID OUT BY THE TIME WE RECEIVE OUR FIRST $612K... CAN YOU SAY 206% RETURN ON CAPITAL?!!
AND YES... JUST 5 DAYS AND 9 LOTS INTO SELLING 7000!
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