The Path to Financial Freedom Starts Here
Are you already a very successful tech entrepreneur or a tech-executive looking to diversify your wealth while also significantly cutting your tax liability today?
Fantastic! You are definitely in the right place.
In 2019, I made my first commercial real estate investment. I bought a 15,000 sq foot light industrial building in Garden City Idaho for $1,300,000. I intended to occupy a small portion of the building, so I only had to put down $130,000 and got an SBA loan for the balance.
When we purchased the building, it was run down, pooly managed and ripe with opportunity to make improvements.
And that is exactly what we started doing.
Over the next two years, we raised rents to market rates (~20% increase in income). All the old tenants got so mad that they all left (they were on basic month to month leases).
With the new tenants, we had them all sign proper triple net (NNN) lease where they would be responsible for their insurance, their share of the property taxes, and maintenance and repairs.
Additionally, we invested about $135,000 to make improvements to the building like adding bathrooms and moving walls around to make each of the 7 units more of a standard light industrial space (roll up door, small office, shop area).
On this page, I’m going to give you the clearest overview of the path from zero to professional investor that I can, so that if that sounds like what you’re looking for, read on.
Step 1: Subscribe to YouTube
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Step 2: Follow me on Twitter/X
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Step 3: Follow me on LinkedIn
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The Details of My First Commercial Real Estate Investment
Being as I’m a YouTuber, rather than type out every last detail, I have instead put all the information into this highly detailed video. At the very end of the video, I provide a detailed breakdown of the numbers.