Burt M. Polson - Commercial Real Estate Broker

Guiding you through the real estate part of your life™

Commercial Sales, Leasing, and Consulting

Private Equity Real Estate Funds

Filtering by Tag: wealth building

Becoming a Millionaire: 5 Compelling Ways Real Estate Can Make You Wealthy - Part 3

I am going to wrap-up my three part series on the 5 compelling ways real estate can make you wealthy by taking a final look at Pete’s case study. Unfortunately,Pete still has not found a tenant to lease his office building and is being patient while continuing to look at his options.

The last two ways real estate can make you wealthy are tied together: disposition strategies and tax strategies. These strategies can be complicated, so always have a tax professional, exchange professional and real estate broker on your team.

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Becoming a Millionaire: 5 Compelling Ways Real Estate Can Make You Wealthy - Part 2

In this series I am giving you an up-close look into Pete’s commercial real estate investment decision--a case study.

Pete purchased his office building ten years ago for $450,000, which was at the height of the market for the time. He has had the property continuously leased at market rent. His loan at the time of purchase was $250,000 at 6.5% interest, but it was refinanced after five years for $190,000 at 5%

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Becoming a Millionaire: 5 Compelling Ways Real Estate Can Make You Wealthy - Part 1

Making good choices, with the help of your broker and taking some risk can have you on your way to creating wealth. I have had the pleasure of watching several clients meet or exceed their goals, but it isn’t always a monthly trip to the bank to deposit rent checks.

Pete is a great client who purchased his first investment property through me about ten years ago. I actually have his office building currently available for lease. Unfortunately, the office leasing market is soft right now so it is still vacant after two months

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