If You Had Enough Money Would You Ever Work Again?

One Hit Wonder, part 2 by Bill Roberts

If you had enough money would you ever work again? This is a legitimate question for us in real estate development. It is quite possible to make enough money on one deal to take care of our needs for the rest of our lives. We call this a One Hit Wonder.

Wherever you are going in life you need to know your destination and have a map that shows you how to get there.

Your financial "life" is no different. Set a goal. It doesn't matter what your goal is but it would be better if it is attainable, if only for your own "sanity." Even an unattainable goal will keep you focused on the direction of your journey, and who knows, you might actually find a way to get there.

Most people "dream" of riches and early retirement, but really plan on working their entire life.

The One Hit Wonder could change all that.

Whatever the "amount" that you figure would set you free IS POSSIBLE. Whether it is one million dollars, five million dollars, or twenty-five million dollars a deal could be done to achieve your goal in one feel swoop.

My number is five million. I feel that with that amount I could have investments that would take care of me and mine for the rest of my life.

In One Hit Wonder, part 1 I describe a commercial development of a retail/office project that generates that much equity.

There are many different things that can be done to generate various amounts of money.

Use Change

I believe that the "easiest" way to create this fortune is by "Use Change." Use Change is taking a piece of real estate and doing something with it that is not currently being done. This could be something as simple as turning apartments into condos, or taking a house on a large lot and splitting it into two lots (or more). Use Change also includes building on a vacant lot. It doesn't have to be difficult. Anything where you end up with a higher and better use should make you money.

If you want to do a project to set you free, but you are a little frightened by the whole thing you may want to join with others to accomplish your goal. We call this a PowerTeam. I'm always looking for a few good partners. Give me a call. Bill Roberts at 619-244-4610.