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Updated about 2 years ago on . Most recent reply

User Stats

135
Posts
86
Votes
Tanh Truong
  • Investor
  • Cincinnati, OH
86
Votes |
135
Posts

Can you become a millionaire in just 12 months?

Tanh Truong
  • Investor
  • Cincinnati, OH
Posted

YES you can! Here's how I did it from a high level:

1. Acquisition: found four pretty decent deals - all non-residential commercial deals. These all came from scouring listings (i.e. finding mis-marketed deals), relationships, and off-market direct mail.

2. Structure: structured the partnerships accordingly based on what everyone is bringing to the table. 

3. Value add: out-lot creation, lease-up, increasing rents to market, exterior renovations.

4. Result: forced appreciation! 

Disclaimer: properties are still held.

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