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How to Strategically Multiply Your Real Estate Investments and Maximize Returns

28 Feb 2024 · 1 min

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0:41

Excerpt from a YouTube conversation (Mark Simpson/Bill) about scaling real estate holdings. Bill describes rapid acquisition and value growth—buying 13 properties in one year, converting $400K properties to $700K, and using 1031 exchanges to move into larger ($1M) assets—while emphasizing limits on personal bandwidth and the need to 10x efforts within it.

Questions this video answers

13 properties

Properties that were $400,000 that turned into $700,000

Using a 1031 exchange to sell and then buy into a $1,000,000 property

Chapters

I bought 13 properties between June of 2020 and June of 2021. Those $400,000 properties that turned into $700,000 properties. And I could use a 1031 exchange to sell and then buy into $1 million property. So there's a lot of strategy that goes into this, but at the end of the day, I think we all need to understand we only have so much bandwidth, personally and professionally. We need to max out. We need to 10x every single thing that we can do inside of that bandwidth that we have. You know, the.
Point you're making there is so true, because at the end.
Of the day, you.
Are building the right kind of portfolio. And this is one of the things which I really take from you, Bill, which is, first of all, the due diligence and treating it as a business.