Commercial Property Flipping – Hancock Tower Story
Hancock Tower in Boston, the tallest building in New England, has sold for $1.3 billion at the height of the real estate market several years ago.
It later ended up in foreclosure and was bought by an investor for $660 millions. That’s about 50% less than the prior sale.
Recently, within a year and a half, the same building re-sold for $990 millions.
Yes, an astute investor “flipped” this property for a quick $330 million profit in a year and a half time.
Ok, reality check… It’s highly unlikely you’ll play on that scale anytime soon unless you’re already buying and selling huge commercial buildings.
However, with some training on how to:
1. Recognize the right opportunities
2. Tie them up on a contract at wholesale price
3. Attract partners with money to fund the deals and PAY YOU a high 5 to low 6 figures for finding and making them available…
… You too could be playing EXACTLY the same flipping game with commercial buildings. The timid beginners could start with small commercial buildings in the range of half a million. Those who have some experience or just can psych themselves to think bigger numbers could be tying up commercial real estate up to 20 million in prices.
These building are making their ways through the pipelines of commercial property crises as we speak.
With over 700 banks currently in danger of being closed by federal regulators because of “toxic” (read, upside down) commercial property loans on their books, the massive wholesale buying opportunities in commercial real estate will not likely repeat for the next 20-40 years.
Watch a recording of my webinar on how to profit from today’s opportunities with Dave Lindahl commercial real estate investing. See how the Dave created allow his students to generate the kind of paydays flipping commercial buildings that most people don’t make in a whole year working for somebody else.
A new year is just around the corner. 2011 is going to be quite different for those who get involved in risk-free commercial property flipping using other people’s money.
Why not you?
Here’s the page with the webinar recording: Dave Lindahl commercial property system
