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My Borrower Stopped Paying, So I Bought a Starbucks

I walk through a real deal from the Be Wealthy Mastermind. A $719K hard money loan I made in Sedona that went bad twice, got restructured into a lease option, flipped for $266K profit, and 1031'd into a triple-net Starbucks building throwing off $150K a year. Four structures on one asset and it ended up being a forever hold.

TIMESTAMPS

0:00 Short-Term to Forever Assets

0:22 Sedona Hard Money Loan Setup

1:33 Evaluating the Returns

1:45 Borrower Defaults Immediately

2:05 Borrower Asks for Another Shot

3:00 Lease Option Pivot

3:45 Lease Option Terms

4:35 Second Default & Flip

5:03 1031 Exchange Eligibility

5:50 Total Profit Breakdown

6:18 Finding the Starbucks Building

7:07 1031 Into Triple-Net Commercial

7:55 Full-Cycle Return Math

9:26 Short-Term to Forever Takeaway

BOOKS & RESOURCES MENTIONED

- US Tax Advisors (cost segregation studies)

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FREE RESOURCES

Free Tools & Downloads: https://www.bewealthybrett.com/resources

Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com

Infinite Banking Education: SaveLikeaBank.com

Self-Directed IRA: MaxOutRetirement.com

Trust & Entity Structure: SetupMyEstate.com

Off-Market Deals & Direct Mail: TheMagicMailers.com

1031 Exchange: Exchange1031Now.com

Bookkeeping & Financial Services: BooksOffMyPlate.com

PPC & Digital Marketing for RE Investors: ScaleMyDeals.com

ABOUT THE SHOW

The Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.

Mission: Get Free.

DISCLAIMER

Be Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only, and should not be relied on for tax, legal, or accounting decisions. Always consult your own advisors before taking financial action.