How I Bought a Starbucks From a Deal GONE WRONG

JOIN THE BE WEALTHY MASTERMINDWant to join a room of entrepreneurs who think bigger about money? Go to bewealthypodcast.com and click Apply Now.My Borrower Stopped Paying, So I Bought a StarbucksI walk through a real deal from the Be Wealthy Mastermind. A $719K hard money loan I made in Sedona that went bad twice, got restructured into a lease option, flipped for $266K profit, and 1031'd into a triple-net Starbucks building throwing off $150K a year. Four structures on one asset and it ended up being a forever hold.TIMESTAMPS0:00 Short-Term to Forever Assets0:22 Sedona Hard Money Loan Setup1:33 Evaluating the Returns1:45 Borrower Defaults Immediately2:05 Borrower Asks for Another Shot3:00 Lease Option Pivot3:45 Lease Option Terms4:35 Second Default & Flip5:03 1031 Exchange Eligibility5:50 Total Profit Breakdown6:18 Finding the Starbucks Building7:07 1031 Into Triple-Net Commercial7:55 Full-Cycle Return Math9:26 Short-Term to Forever TakeawayBOOKS & RESOURCES MENTIONED- US Tax Advisors (cost segregation studies)GET CONNECTEDWebsite: www.BeWealthy.comYouTube: youtube.com/@bewealthybrettInstagram: instagram.com/bewealthybrettFacebook: facebook.com/brettbewealthyX/Twitter: x.com/bewealthybrettFREE RESOURCESFree Tools & Downloads: https://www.bewealthybrett.com/resourcesCost Segregation Studies & 45L Tax Credit: SingleFamilyCostSeg.comInfinite Banking Education: SaveLikeaBank.comSelf-Directed IRA: MaxOutRetirement.comTrust & Entity Structure: SetupMyEstate.comOff-Market Deals & Direct Mail: TheMagicMailers.com1031 Exchange: Exchange1031Now.comBookkeeping & Financial Services: BooksOffMyPlate.comPPC & Digital Marketing for RE Investors: ScaleMyDeals.comABOUT THE SHOWThe Be Wealthy Podcast brings entrepreneurs the strategies to grow their business, then teaches them how to think about their money. Because wealth is far more than money. It's freedom. Hosted by Brett Tanner & co-pilot Katelyn Mitchell.Mission: Get Free.DISCLAIMERBe Wealthy and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational and entertainment purposes only, and should not be relied on for tax, legal, or accounting decisions. Always consult your own advisors before taking financial action.