A college student in the Land Shark real estate program secured a $12 million property deal in four weeks. The deal includes $4 million down, an $8 million owner-carry loan, and generates $80,000 monthly from truck parking while the team pursues multifamily conversion entitlements.
Chapters
Did you see the deals today in the Deal Room? Chris, I don't know if you were in the call earlier when we were celebrating the big win that one of our brand new members— she's a college student who joined through our education program, and she's been sponsored by Titan Impact Group to be a, to be like a bird dog, a new member to the program, not just a new member to the Land Shark, but new member to real estate investing. Only 4 weeks into the program, got a $12 million deal under contract for $4 million down, $8 million owner carry, second position, and is currently setting it up to be in a cash flowing opportunity of $80,000 a month for truck parking on it for the 2-year hold that we have to do on it while we do the entitlements for multifamily.