October 13, 2021

Ep 30: BUYING A $10 MILLION MULTI-UNIT PROPERTY

- BET ON YOURSELF

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An entrepreneur from the core, Dylan's true  passion is to create generational wealth not only for his family, but also for his friends and clients. A recent example is the multi-property unit he helped buy for his cousin as an investment property. 

In this episode, Dylan shares with us the challenging journey of buying the $10 million multi-property unit, pulling it together with Nickey, and a mic-dropping  inspirational speech. 

For Nickey's episode, you can also check out the 27th episode of this podcast. If you want to hear our previous talk with Dylan, hop on to our 7th episode.

Here's a quick rundown of our talk with Dylan:

  • The property in question was a never before seen deal for Dylan who was also representing his cousin for that deal.

  • He got 2 appraisals for the property: 

    • market value appraisal dictated based upon the buyer

    • Discounted cash flow appraisal shows the building when these grants come off at a market value.

  • The property was a "forever cash cow" but a long term play

  • “We’re not really gonna make money from this thing until we turn it over and turn it over and turn it over. At the end of the day, I obviously represented myself and my cousin and we ended up purchasing the property."

  • “It’s just the way you look at different deals and analyze different things that can really change the perspective of what they can do for you.”

  • "When you really think about where you want to be, you can get there."

  • You've made some really dumb decisions (in your 20s). Those dumb decisions are where we learn from. Those are the things that we grow because of."

  • How did he use vulnerability to lead his people? Share some of the failures.

  • "The best you could ever make is the bet you make on yourself."

If you’re taking your leadership, growth, and development of others around you seriously, the best bet you could ever make is the bet you make on yourself.  When you really think about where you want to be, you can get there as long as you are committed, motivated and have a purpose behind it. Keep that on repeat and consistently push yourself because you can control your mind to overcome and achieve whatever you want.

If you’re taking your leadership, growth, and development of others around you seriously, the best bet you could ever make is the bet you make on yourself.

When you really think about where you want to be, you can get there as long as you are committed, motivated and have a purpose behind it. Keep that on repeat and consistently push yourself because you can control your mind to overcome and achieve whatever you want.

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