Prove It! — Why Should I listen To You Murph?
For over 10 years my company GroundUp-Development.com has been executing on infill development projects just like the one you see in my video below.
Before I did infill development, in the Edina & Minneapolis area of Minnesota, I was flipping small $80,000 homes and selling them for $200,000+.
For 17 years I have been walking the path of the "Value-Driven Investor."
In 2003, I got my real estate license and began helping family & friends buy and sell residential properties.
In 2004, I started buying and renting my first residential rental properties in Arizona with my uncle.
In 2007, we sold those AZ properties for a $200,000 profit just before the U.S. market crashed.
When the market crashed in 2008, I learned everything you could learn and much, much more over the next 3 years…
By helping countless families avoid foreclosure through the negotiating of a short-sale on their home.
In 2010, I Invested in my first flip, when we (my partners & I) bought a bank owned property for $75,000 (all cash purchase) with $50,000 in rehab. We sold the property for around $160,000 - if I remember correctly...
Resulting in me making very little money because of how many partners I had in the deal, how it was structured and how everything shook out.
You know what I said to that, "GOOD!!!"
Because this was my first jump out of the airplane and I lived to tell about it.
From 2010 - 2013 property values continued to depreciate and I continued to buy, rehab and sell property.
People thought I was nuts!!
I learned so much about how to find distressed property, how to negotiate with the banks and we even created our own proprietary formula for purchasing REO property at prices the REO listing agents couldn't believe.
Then the market started to improve and banks stopped giving homes away.
That's when I made a pivot...
In 2012, we (my partners & I) purchased our first infill development project for around $225,000 (one day I will go back and break down all these deals to get exact numbers). Rehab cost was around $400,000 and we ended up selling it for $821,000.
Before
After - Click Here To See Pictures
Resulting in an estimated NET Profit of $150,000 for the partnership.
Again, I jumped out of the plane and landed safely with a nice ROI.
"Let's Do It Again!!" I thought to myself.
Today, 2021, I am still building out $875,000 projects like this one you see in my 3-D Tour when you click the image below. Along with $1,400,000 projects like the one we are building today at 5832kelloggave.com which you will see in future videos.
$875,000 Infill Development Project
WHY am I sharing my story with you?
Because if I can do it.
So can you!!
Plus, if I ever want to build trust with you "My Peeps" I better prove it by showing you my track record.
Like you, I know how many jokers are out there trying to scam people into buying their wholesale investment information products.
Guys using smoke and mirrors as they try to convince you to attend their seminars and invest in their courses.
We are not interested in selling information.
Our Value-Driven Investor (VDI) team and I are interested in delivering YOU "Results!"
That's why we built and launched:
What is it?
A community of like minded investors on a mission to "Lead by Giving."
Our VDI Advisors, like Bob Grand & myself are committed to helping you "Live Life On Your Terms."
By learning and executing Value-Driven Investing.
Please, follow our VDI Facebook page to see more proof about why & what we are doing inside our community.
Go to www.ValueDrivenInvestor.com and sign up to get on our email list.
This way you will receive real time updates about our VDI community and how you can become a part of it.
Our Value-Driven Investor community is focused on real estate investing because that's what we are experts at today.
But, if I have it my way... 5,10,15,20+ years from now...
"The Value-Driven Investor" will be focused on all kinds of ways we, as a community, can invest in a "Life On Our Terms" with the purpose of making a positive impact in the communities we choose to be part of.
Murph
