Creating Wealth In Developments 101

At 33 and 28, my brother and I took the biggest shot of our life at the time developing this neighborhood because even though we already had open a liquor store, a beer barn, two storage facilities, an apartment complex, a high-end liquor store, a truck stop. The nature of this beast was completely different. You see neighborhood development is a long, long play. But let's walk through the numbers. So, we're all in at $2 million. We make a $150,000 when we sell a lot and build a house. It's going to take 14 houses before we're actually profitable. But we got a loan, so it's a lot worse. I know what you're thinking. Uncle Nisch, why would you get into development? Because once you've broken even, you'll make an easy 500,000 a year would doing very little work. So follow the page where we don't gate keep on how we're building a billion dollar portfolio.