Copy Successful Properties
Share
A strategy for real estate development that focuses on replicating proven successful properties by working with the same teams that built them.
Property Research Strategy
- Find properties in target area that sold for ideal price per square foot
- Use Zillow and Redfin to identify successful comparable properties
- Track down the specific architect and builder of those properties
Execution Process
- Contact the original architect and builder directly
- Ask for exact cost to replicate the successful property
- Request them to build the same house design on new lot
- Minimize risk by using proven designs and teams
Example Deal Structure
- Purchase price: $650,000 (all cash)
- Expected construction cost: ~$1,000,000
- Total investment: ~$1,600,000
- Target value: $2-2.5 million
- Strong margin of safety built into numbers
Deal Sourcing
- Research property owners in target areas
- Make direct contact with owners
- Express interest in buying before market listing
- Be ready to move quickly when opportunity arises
- Example: Owner died Monday
- Wife called Wednesday
- Deal closed Thursday
Time Management
- Minimize personal time investment by:
- Using proven designs
- Working with experienced teams
- Replicating successful projects
- Leveraging existing relationships
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.