Be Wealthy How I Bought a Starbucks From a Deal GONE WRONG
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My Borrower Stopped Paying, So I Bought a Starbucks
I walk through a real deal from the Be Wealthy Mastermind. A $719K hard money loan I made in Sedona that went bad twice, got restructured into a lease option, flipped for $266K profit, and 1031'd into a triple-net Starbucks building throwing off $150K a year. Four structures on one asset and it ended up being a forever hold.
TIMESTAMPS
0:00 Short-Term to Forever Assets
0:22 Sedona Hard Money Loan Setup
1:33 Evaluating the Returns
1:45 Borrower Defaults Immediately
2:05 Borrower Asks for Another Shot
3:00 Lease Option Pivot
3:45 Lease Option Terms
4:35 Second Default & Flip
5:03 1031 Exchange Eligibility
5:50 Total Profit Breakdown
6:18 Finding the Starbucks Building
7:07 1031 Into Triple-Net Commercial
7:55 Full-Cycle Return Math
9:26 Short-Term to Forever Takeaway
BOOKS & RESOURCES MENTIONED
- US Tax Advisors (cost segregation studies)
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FREE RESOURCES
Free Tools & Downloads: https://www.bewealthybrett.com/resources
Cost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.com
Infinite Banking Education: SaveLikeaBank.com
Self-Directed IRA: MaxOutRetirement.com
Trust & Entity Structure: SetupMyEstate.com
Off-Market Deals & Direct Mail: TheMagicMailers.com
1031 Exchange: Exchange1031Now.com
Bookkeeping & Financial Services: BooksOffMyPlate.com
PPC & Digital Marketing for RE Investors: ScaleMyDeals.com
ABOUT THE SHOW
The Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.
Mission: Get Free.
DISCLAIMER
Be Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only, and should not be relied on for tax, legal, or accounting decisions. Always consult your own advisors before taking financial action.