Below is my newest project at 301 2nd Avenue North in Birmingham:

It’s a 22,000 square foot warehouse that's obviously very dilapidated.

The wild part? I bought it for just $18,000.

The Backstory:

• The property taxes hadn’t been paid here in 18 years.

• I bought the claim to the property for the back taxes about three years ago.

• After going through a quiet title auction, I’m all-in on this building for less than the price of a used car.

The Plan:

• We are tearing down the existing structure.

• We’ll build two new 10,000 square foot warehouses on the site.

• We'll likely split the parcel to create four access corners for the new buildings.

The Goal:

• Refinance at a new valuation (after the spaces are leased up) AND simultaneously increase the value of my other properties in the area.

The Lesson:

I’ll be honest- I’ve never developed a property from the ground up before.

I don't really know what I'm doing yet, but I have a great contractor and a banker who believes in my track record.

Half the fun is not knowing exactly what you're doing, but taking the risk anyway.

In real estate, the reward often goes to the person willing to take the action.

Follow Along as I show you the numbers, the math, and the whole development process as we go.

If you’d like to learn how to create wealth by acquiring & doubling the value of industrial CRE like this, find a time on my calendar & let’s take action on your CRE journey.

If you’re wondering if our CRE investment group is legit, check out what other members are saying about it: