Protect Your Wealth

Ep. 138 How I Bought 26 PROPERTIES By AGE 26 Totaling $50,000,000!


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LEARN HOW I bought and sold 26 properties and created a portfolio worth $50 million before turning 26 in San Diego, CA! Throughout the video, I give tips for finding good deals, buying properties in the right locations, and recognizing potential properties. Don't forget to stick around to the end of the video where I share TWO SECRETS how I was able to scale in real estate so quickly!

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Translation: "All right, this right here was one of the first properties I ever bought. I bought this property for $630,000. I had a 2 80 to use and I was into the property for a million dollars and I refinanced at a value of $2.1 million. And I took that money and reinvested into more assets. So into the property for a million sold or refinanced the property for 2.1 million. And I found this property off market through one of my property managers that I worked with in the past. Let's go to the next property. Number one, the first property I ever gone to escrow 5957 street in Imperial Beach, California. This was purchased for $975,000 in the middle of the pandemic. This was like November of 2020 it was a four unit apartment complex and it was all two bedroom, 1.5 bath units. It was two story units, all town home style. It wasn't in that bad of condition. When I bought it, it needed a new paint job. It needed all new kitchens, bathrooms, but it's not like the property was destroyed. They just needed a cosmetic remodel and a new roof. So I was all into the property for 9 75 plus $150,000 worth of renovations. When I bought the property, I actually bought it on the market. So I know in my other videos, I say it's hard to find a good deal on the market. The best deal are found off market. But if you can look on the market and search for mis-marketed properties, you could find a good deal like this one. There are two reasons why I got this good deal on the market on the MLS. The first reason was because the agent was an inexperienced residential realtor. I hate to say it, but it was the truth because he thought that every single unit was only 725 square feet and that's how he advertised it. But when I looked on the tax record in the title report, I pulled the property up and it was a whopping 4200 square feet. Each unit was an average of 400 square feet bigger up right around there than what the listing actually said, like each unit was about 1100 square feet and the total property was like 42 4300 square feet. I can't remember, but it was a big property, but it was mis-marked as way less square footage. And when potential buyers see that buyers look at a property on a price per square foot basis. And if you look at a property with seven square foot units that are two bedrooms, it's much more appealing to buy a 1000 or 1100 square feet, two bedrooms or two stories. And there's actually a half bathroom and they didn't even put that in the MLS either..."

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Protect Your WealthBy Jason Lee

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