Charles NoonanPresident, Landbank University · Real Estate Developer & Instructor

$1 MILLION PROFIT FROM A REAL ESTATE DEAL 😳 #entrepreneur #realestateinvestor #realestateinvesting

20 Oct 2024 · 1 min

Watch on YouTube

0:41

Short YouTube interview (Charles Noonan) describing five repeatable steps for real estate investing: understand real estate, run your numbers, know your numbers well, and find a capitalized builder partner. The speakers describe a specific project: total construction cost ~$2.5M, financed partly via the builder's ~$2M line of credit and ~$500k cash, sold for ~$4.5M, yielding over $1M profit in one year.

Questions this video answers

$2.5 million

$4.5 million

Over $1 million

One year

About $2 million from a line of credit and about $500,000 cash

Give me the five successful, repeatable steps. Because my audience wants to know, how do they get to the back?
Understand real estate. Run your numbers. Know your numbers well. Find a builder that can potentially partner with you. Find you a builder that is not a brook builder. Okay.
Find a pop and builder with money.
With money. My builder, not only did he have the liquidity, he had the cash rate, he also had the line of credit. So he used about $2 million in his line of credit, funded the project, and then the last project, he used about $500,000 cash. Construction.
How much did it cost to build all five?
The 2.5.
Million you sold for 4.5.
We made over a million dollars profit. Profit?
In one year?
In one year.
That's crazy. Some people don't make a million dollars in their lifetime.