Purchase price: $125,000 Cash invested: $103,000 Sale price: $425,000 Ah, the story of 5035 Center Rd, Linden, MI 48451, radiates promise, dedication, and the transformative power of vision.Nestled on 5 acres of land, this single-family home with a pole barn held untapped potential.

Purchase price: $125,000 Cash invested: $103,000 Sale price: $425,000 Ah, the story of 5035 Center Rd, Linden, MI 48451, radiates promise, dedication, and the transformative power of vision.Nestled on 5 acres of land, this single-family home with a pole barn held untapped potential.

Purchase price: $125,000 Cash invested: $103,000 Sale price: $425,000 Ah, the tale of 5035 Center Rd, Linden, MI 48451 – a story brimming with promise, dedication, and the transformative power of vision.From its humble beginnings, nestled on 5 acres of land, this single-family home with a pole barn whispered of untapped potential.

I've progressed from owning fixer upper duplexes in the north end of Winnipeg where I would do the renos myself late into the night; to purchasing large apartment buildings to acquiring properties in 13 different cities across Canada and the United States. to now buying office buildings and institutional-grade grocery-anchored retail centers leased to national tenants and publicly traded companies like Walmart, Safeway, and Loblaws.Before 27, I achieved lean FIRE, all thanks to the inspiration and fundamental concepts from the BP podcast and the incredible people I've met along the way in this entrepreneurial journey by betting on myself, committing to lifelong learning, and nurturing an insatiable curiosity.If someone like me, who barely made it through high school and would be considered "unlikely to succeed" by my peers, can do it, so can anyone reading this.

$2.5B New Center by Henry Ford Health, Pistons owner and Michigan State Universityhttps://www.clickondetroit.com/news/local/2023/02/08/incredible-investment-in-our-city-25b-detroit-neighborhood-redevelopment-to-begin-in-2024/$1.5B Investment, 12,000 temp jobs, 6,000 New Jobs: District Detroit Developmenthttps://www.detroitnews.com/story/business/2022/11/15/district-detroit-1-5b-development-to-include-housing-retail-hotels/69649853007/$1.4B Total as Hotel Added to Hudson Sitehttps://www.detroitnews.com/story/business/2023/11/02/hudsons-site-hotel-plans-move-ahead-as-city-issues-permit/71426631007/$439M Gilbert Foundation investment in Detroithttps://www.henryfordmsu.org/news/september-2023/gilbert-family-foundation-announces-nick-gilbert-neurofibromatosis-research-institute$400M Investment, 517 New Jobs: Norway’s Nel Hydronhttps://businessfacilities.com/nel-hydrogen-will-build-400m-gigafactory-in-southeast-michigan#:~:text=In%20Southeast%20Michigan-,Nel%20Hydrogen%20Will%20Build%20%24400M%20Gigafactory%20In%20Southeast%20Michigan,green%20hydrogen%20using%20electrolyzer%20technology.$300M Huntington Place Renovations & New Detroit Hotel https://www.crainsdetroit.com/real-estate/huntington-place-renovations-new-hotel-deal-reached$200M Chase Investment in Detroithttps://www.axios.com/2023/09/28/detroit-rebound-jp-morgan-investment$44M Investment, 237 New Jobs: Bollinger Motorshttps://michauto.org/bollinger-motors-plans-44m-metro-detroit-investment/$21.5M Investment for Detroit west side Dexter Neighborhoodhttps://www.clickondetroit.com/news/local/2023/11/01/neighborhood-on-detroits-west-side-receives-more-than-215m-in-investments/$20.6M Investment, 186 New Jobs: BorgWarnerhttps://www.crainsdetroit.com/auto-suppliers/borgwarner-invest-206-million-create-186-jobs$11M, 200 New Jobs: Volkswagen Scout Brand Investment in Detroithttps://www.teslarati.com/volkswagen-scout-11-million-detroit-investment/New Detroit Developments to Be Excited Abouthttps://www.metrotimes.com/detroit/15-new-detroit-developments-to-be-excited-about-photos/Slideshow/32734721/327353923International Companies Choose Detroithttps://www.detroitregionalpartnership.com/international-investment-comes-to-detroit-region/6 New Residential Developments in Detroithttps://detroitisit.com/6-new-residential-developments-in-detroit-to-know-about/PM us with any questions you have.

I've learned that this figure should be front and center when evaluating PM's.  

And while there are many ways to calculate the profitability of the note I created,  the resultant investment yields significantly more than purchasing an investment in the competitive market environment.A summary of the deal is thus: My partners and I owned a 11,000 square foot retail/service center on a main thoroughfare in North West Houston.  

McDonalds #1 profit center.......

You can exchange raw land for a rental home, an apartment complex, for a shopping center.

I am sure though same holds true when they inherit a MF or office complex or shopping center.. the thing with the deals I was involved in there was no debt on the land grandparnets parents owned it for decades.So like the last one i bought for 7.3 million ( for my latest housing development)  5 kids there was no tax planning and no 1031 they just each grabbed the cash.. others that have inherited the land then sold.. same thing cashed out and who knows what they bought but for sure they did not want to continue to own the RE they wanted to get their hands on the cash as quick as humanly possible.AS I am thinking about this I did buy from someone who did a charitable remainder trust I had never heard of that before.