Scaling a Real Estate Empire From $0 to $25M
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The speaker shares their experience of buying $25 million worth of real estate without using any of their own money by utilizing the Burrs method. They emphasize the importance of having a clear focus and vision, as well as executing on the method. The speaker explains how they scaled their real estate business by buying high-end apartment complexes and single-family rental packages. They stress the importance of buying lots of doors at one time to create volume and velocity of wealth. To achieve this, they developed relationships with the right financing partners, including private money lenders, hard money lenders, and small local banks. The speaker also explains how small local banks can become profitable by lending money to real estate investors and small local businesses. They caution against relying solely on active income, such as flipping or wholesaling, and emphasize the importance of creating a rental portfolio to create velocity of wealth. The speaker discusses the challenges they faced when scaling their real estate business, including property management and bookkeeping. Despite these challenges, they were able to purchase $25 million worth of real estate in 18 months without using any of their own money. The speaker plans to build a long-term sustainable company with hundreds of employees and potentially bring an NBA team to St. Louis.
The speaker shares their experience of buying $25 million worth of real estate without using any of