This is the story of 120 Second Avenue North-and how I turned a government "takeover" into a MASSIVE PAYDAY ($100k in profit).

Watch the full video here, or read the story below:

The Backstory

• The Purchase: I bought this vacant 7,400 sq. ft. warehouse for $350,000.

• The Capital: I used a $275k bank mortgage and a $75k second mortgage from a private investor at a 10% return.

• The "Free" Money: I auctioned off the abandoned inventory and equipment for $40,000 before even leasing it.

The Value-Add

I spent that auction money on a new fence and minor improvements.

My leasing agent secured a 5-year Triple Net (NNN) lease at $6.50/sq. ft., generating $45k in annual NOI.

After a year, the building appraised for $500k, allowing me to refinance, pay back my investors, and pocket $50k in cash.

The THREAT from Jefferson County

The county wanted the site to expand the courthouse footprint. Their initial offer was $420,000.

I dug my heels in and consulted eminent domain experts. I simply refused to be a "willing seller" at that price.

The Negotiation

I fought the county until they agreed to $520,000 an extra $100k over their first offer.

My tenant was already looking to expand. I offered them a buyout, and they paid me $60,000 to cancel the lease early.

Since it was eminent domain, I paid $0 in real estate commissions, saving another ~$25,000.

The 1031 Exchange

Unlike a standard 1031 exchange, an eminent domain deal (under the 5th Amendment) allows for a 1033 exchange.

You have 36 months to reinvest the money (vs. the 180 days in a 1031).

You get all the money at closing rather than it being held by a third party.

The Lesson

By staying professional, I turned the county into a partner rather than an enemy. Now, I’m positioned to catch the front of the wave as they spend $60 million to improve the zip code.

Take Action Now

As you can see from this story, good things happen when you simply take action and position yourself correctly.

I choose to do that by buying and owning industrial warehouse spaces.

If you want to learn how to buy warehouses with no money down and change your lifestyle for you and your family, let’s get to work.

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