There’s one thing you learn about dating a billionaire or multi-millionaire. They are rarely satisfied being exceptional doing just one thing. They are always learning new skills and developing new means to grow their wealth.
My Billionaire boyfriend cut his chops providing Software as a Service to businesses small and large up and down the East Coast. He developed this software after dropping out of MIT his sophomore year. He took all of the money he had saved for his education, convinced his parents to take out a second mortgage, and went all-in on his dream.
Things were pretty erratic the first couple of years. He had a few employees and a handful of clients. He told me he was reading everything he could about marketing and how to find and keep new clients. He said that was a hit and miss proposition and he was losing more money marketing than gaining new clients.
See also: https://sablemerricktoo.com/developing-the-mindset-to-successfully-bag-a-billionaire/
That’s when he said he had an epiphany while jogging through Central Park. He would stop trying to sell his software and start selling himself and his desire to make his software the industry standard. CEOs and PR officers took to the new marketing emphasis almost immediately.
His client list kept growing as well as his profits. He made his first million at the age of 26 and his first 10 million at the age of 29. He repaid his parents for their contribution to starting his business by buying them their dream luxury home in Colorado. His original five employees are all multi-millionaires in their own right and each maintain a healthy piece of the business for this privately held company.
While my billionaire boyfriend leans heavily to the right when it comes to politics, he believes a company owes some loyalty to its employees. All of his employees have 100% free healthcare. He offers “new baby” leave to both mothers and fathers so they can spend the first two months of their newborn’s life with them. He also meets with each of his employees individually to help set up ways to grow their wealth with mutual funds, stocks, bonds, and precious metals. He actually gives them their first gold bar at that meeting.
At the moment, he’s working to conquer the leasing of commercial property and he’s helping me build my own personal portfolio of commercial property rentals. So far, I would say things are going awesomely.
I’m sure he won’t mind my sharing his strategy for building a significant portfolio of commercial property listings to increase his wealth (and mine) significantly.
The steps go like this:
– Identify high growth areas where cities are continuing to expand their footprints.
– Target property on the corners of 4-way stops on busy thoroughfares (or where busy thoroughfares are planned).
– Purchase as many lots on those corners as possible.
– Identify franchises without facilities in the area that might be interested in expanding their footprint in the city.
– Engage direct with the franchisees looking to build their new business in that city or with the franchise marketing arm of the franchise.
– Provide very favorable property lease terms for those new franchises.
That’s it. He has a team scouring the country for 4-way stops that fit his criteria. He personally knows the franchise marketing arm of nearly every conceivable franchise from Applebee’s to Zaxby’s. In fact, every year he invites those in charge of that franchise marketing to an all-expense-paid golf tournament at a New York public or semi-private course.
He could afford to rent out some of the higher-end golf courses in the area. He prefers to throw some business to a local course. He rents out the course for the day and pays for a dinner at the end of activities. He makes sure to cause the least amount of disruption for the course by scheduling his tournament at times when most of the course would otherwise be empty.
If the course has regular patrons who would otherwise be put out by his tournament, he invites them to play for free. There is a generous “swag” gift bag for every participant to include new balls, heaps of top-level gloves, some golf shirts, and generally some top-end individual golf clubs. These are usually ones heavily marketed on the TV, the web, and in magazines.
At the end of the tournament, the winning teams get things like full-sets of the best golf clubs available, all-expense-paid trips to luxury golf resorts around the world, and cold-hard cash.
I made heaps of contacts at his last tournament that are already paying dividends. I’m a pretty decent golfer. I’m a 10-handicap playing from the men’s white tees. That makes me better than 90% of the people who attend these tournaments.
I join teams where they were unable to field a full foursome. Sometimes, the men complain in soft-spoken words about getting saddled with a woman. Then we step up to the first tee where I hit from the women’s tees for the tournament. That generally gives me a 50-70-yard advantage over the guys. Their soft-spoken words turn to cheers and big smiles as I outdrive my teammates and usually leave us sitting in a pretty nice location for our approach to the hole.
I’m also one helluva putter. I have improved significantly over the years as I read every book and article and watch every video on the subject. I’ve drained long putts on more than one occasion to put my team “in the money” when it came to my boyfriend’s tournament.
Right now, my boyfriend’s business research arm has me targeting Malone, New York, for my burgeoning business. My boyfriend helped me establish a New York Limited Liability Company (LLC) and fill out all the necessary forms to make my business legal.
Then, he loaned me $300,000 with which to get started. This is a loan and not a gift. I had to sign a note to pay it off within 30 years at a 2% Annual Percentage Rate per year. That cost me a little over $1100 per month.
The good news is, with the help of my boyfriend’s research team, they have identified several 4-way stops within the Malone area that have potential. I have already closed on three of them (two parcels on one 4-way stop) and I close on two others next week.
With my contacts from the golf tournament, I already have two Jimmy John’s restaurants scheduled to begin construction within the month and a Wendy’s restaurant will begin construction at the end of the following month. I have a 7-Eleven and a Panda House in a bidding war for a prime corner spot. This is going to turn out exceptionally well for me.
The best part is the leases begin now before the facilities are even constructed. I had the franchises secured before I even bought the properties. I used the additional properties as collateral to secure their loans. I’m going to try to purchase 2-3 properties every month for the next year at least.
I anticipate to profit at least $12,000 per month from the jump. That profit will continue to increase as I add new rental properties. I should be able to pay off my boyfriend for his original start up loan within 4 years.
After that, I will have a growing commercial-lease real estate empire getting bigger and more profitable every year.
Do you see why you should be following Sable’s blueprint for bagging your own billionaire?
