WIP 2019: #ThrowbackThursday - How This 26-Year-Old Turned 100 Unit Complex Into a Huge Payday

Imagine turning a single real estate transaction into a life-changing $860,000 payday, at just 26 years old! In this #ThrowbackThursday episode, Brent Daniels sits down with Josh Horton, a young investor who locked up and wholesaled a 100-unit apartment complex in a mere two weeks. Josh breaks down exactly how he found the massive commercial deal sitting on the market, negotiated a $100,000 seller credit, secured $2.2 million in private funding, and leveraged a local broker to find a backend cash buyer.

Whether you are dealing with single-family homes or massive apartment complexes, the principles of speed, convenience, and solving problems remain exactly the same. Discover how to identify hidden multifamily opportunities, bypass LLCs to reach true owners, and attract all the private capital you will ever need by simply getting loud about your goals. Be a part of the TTP training program now.

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Show notes:

• (0:00) Beginning of today’s episode
• (1:05) Introducing 26-year-old Josh Horton and his unbelievable $860,000 net profit
• (2:12) Finding a 100-unit multifamily complex sitting on the market for over 100 days
• (3:20) Leveraging relationships with local commercial brokers to secure a backend cash buyer
• (4:20) How inspecting rent rolls and occupancy rates signaled a massive hidden opportunity
• (6:28) Using higher-than-expected insurance quotes to negotiate a $100,000 seller credit
• (8:17) Understanding the seller's strict timeline and motivation for a 1031 tax exchange
• (9:29) Sourcing private money lenders to fund the $2.2 million front-end purchase
• (12:18) Why being vocal and sharing your real estate goals is a magnet for private capital
• (17:22) The life-changing moment of seeing an $860,000 wire hit the bank account
• (25:00) Quitting an $85,000 corporate job to pursue real estate investing full-time
• (29:16) Using PropStream and entity searches to bypass LLCs and contact owners directly

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Resources:

• Crexi
• LoopNet
• PropStream
• Skip Genie
• Forewarn
• Talk To People
• Contact Josh Horton: josh.horton6@gmail.com
• Instagram: @realbrentdaniels
• To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the Tribe

Want to know how top real estate wholesalers and investors are finding and closing deals in today’s market?

Join Brent Daniels, Todd Toback, Logan Fullmer, Gal Shmukler, Ryan Zolin, Brandon Jarvela and Brian North LIVE in Phoenix, October 8–9. Learn what’s working now with MLS deals, novations, title deals, multifamily, raising capital, sales and negotiation.

Seats are limited! Reserve yours before they’re gone:

 https://www.wincsuperstarretreat.com/