| I was having a brief chat with one of my affiliates | | | | $10,000 which could be done in a month. |
| recently and he presented me with a challenging idea. | | | | At the $10,000 level I would start using leverage by |
| He asked me what if all I had in the world was $100 | | | | borrowing money. I would buy blocks of land that are |
| and I had to turn it into $1,000,000 in just one year. | | | | fairly large and can be subdivided. I would buy the |
| We chatted about this hypothetical scenario for a | | | | first and have the land split then get it revalued by |
| while, this article explores the ideas of that | | | | the bank. Say I bought a block for $40,000 but now |
| conversation. | | | | I have 2 blocks valued at $30,000 with a total value |
| My first goal would be to map out a plan. $100 dollars | | | | of $60,000 The bank would recognize my equity, so |
| turns into $1.6 million dollars in under 14 transactions if | | | | I could use that equity to borrow more money. I |
| I doubled it every time this seed capital could easily | | | | would have both blocks up for sale, but they may |
| be grown. That is a 100% return. I would begin by | | | | take time to sell, so this is one way to quickly set up |
| trying to find a market. That would be my first step. | | | | 20 such blocks, all waiting to sell. Some will sell fast, |
| A market is anywhere there are a lot of people. | | | | while others will take longer, but over 6 months, I |
| People have needs and where there is a lot of | | | | could use equity in this way to set up a network of |
| people, there would be a lot of needs. I would start | | | | blocks by accessing the instant equity I create by |
| my first day, by buying some materials to busk. | | | | subdividing. |
| Maybe doing wacky portraits. I might spend $30 on | | | | By the time they all sold, with an average of $10,000 |
| art materials and sell portraits to people strolling by. If | | | | in profits for all blocks, I would have $400,000 (20 |
| I sold 10 at $10 each for the day, I would have | | | | blocks split into 2) Then I would really ramp it up. I |
| made $100 minus cost of materials for a total of | | | | would start dealing in high value assets. Water front |
| $170 A 70% return is pretty good for just a single | | | | mansions, or jet planes or high profile paintings or |
| day. | | | | luxury yachts. It doesn't matter as long they are high |
| I would continue doing this for the rest of the week, | | | | ticket items. If I controlled an asset valued at $10 |
| until I had $1000 then I would start investing in used | | | | million dollars and I increased its value in some way |
| vehicles. Purchasing cheap, unwanted cars and flipping | | | | by just 10% I could make my targeted $1.6 million. |
| them in under a week. Making 30% 40% or even | | | | To say it was done in 12 months is conjecture, |
| 70% on each vehicle. When my seed capital got to | | | | however the concept is fascinating. |