That's $96k * 6 = $576K (no financing) + 1 Financed = $120K = $36K (30% of 120K down) $576K + $36K = $612K to company by Q4 this year!!
42ND LINE LOTS = $70K * 4 = $280K = $84K to company by Q4 this year (30% down)
24TH LINE LOTS = $50K * 2 = 100K = $30K to company by Q4 this year (30% down)
3B LINE LOTS = $40K * 3 = $120K = $36K to company by Q4 this year (30% down)
5C LINE LOTS = $30K * 5 = $150K = $45K to company by Q4 this year (30% down)
$696K + $280K + $100K + $120K + $150K = $1.346M on its way to the company in total
$612K + $84K + $30K + $36K + $45K = $807K to the company by Q4 this year...
ALL EARNED IN JUST OUR FIRST MONTH.
That's the power of what this company is becoming.
That's not it though...
$807K by Q4 this year but there's still $539K financed over 72 mos = $539K / 72 = $7,486/mo for 6 years....
FROM JUST 1 MONTH 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... $846K PROFIT ON A $500K INVESTMENT BY ITSELF OVER 6 YEARS IS UNHEARD OF - ALL WHILE RETURNING 100% OF ASSET PURCHASE PRICE - AND STILL OWNING 99.7% OF THAT SAME ASSET!!
AGAIN... 1 MONTH 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 $807K 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 $807K... CAN YOU SAY 303% RETURN ON CAPITAL?!!
AND YES... JUST 1 MONTH AND 21 LOTS INTO SELLING 7000!