🔴A BRUTAL PROFITABILITY
Because a client bought a house, imagine a house built in the center of the city. The house had, I don't know, 180 square meters built on 2 levels. And that Ledea house cost one hundred million pesos at the time. And on the second floor, he built three one-bedroom apartments and on the first floor, five commercial premises with a width of 3.5 meters. And today, that property has been going on for 15 years. That property should be generating a monthly profitability of 4.5 point five million pesos in rent. So, you calculate the one hundred million that the house cost him, plus the one hundred million that the lawsuit cost him, and also the renovation 15 years ago. His investment was two hundred million pesos 15 years ago, and today it has a profitability of 4.8 million pesos per month, that is, it has sixty million pesos in rent per year. Because it was a residential house, he built three apartments on the second floor, the regulated plan allows a minimum width of 3 meters, therefore, he built the commercial premises, therefore, that is also a process. And that same client also He already made his estate and he no longer does these operations, but what he did was look. In the hills he went to look for properties that had problems. How is that Salvador? If 44 heirs haven't paid the rent for 7 years. That's it. So what did he do? He had a good lawyer, I say this with humility, our law firm had a good builder. Then we had to locate the 40 heirs. We located the 40 years. Ready. The purchase-sale price is agreed upon. Ready. And then the eviction trials can last 6 months, a year, 2 years. But he was willing to do all that work because of the wonderful profitability of that business. Because generally they were sites or they were houses that were 6 or 7 small homes. Like that, but for the cat. Then he gave all the footprints and it took 3 or 4 years for each operation, but then he went to the difficult part. That's what I teach my students, what I told you, you don't have to go looking for the potato chip, but rather have the eye to make the projection. Therefore, the experience would first be the land in the capital gain, not in the profitability, then It would be the issue of residential homes with commercial capacity or equipment, or equipment. And thirdly, buying distressed properties. Buying distressed properties that have the time and energy to spare. Because in the long run, as you said, it's a cherry on top of the two. Yes, well, there's a person whose name I can't say, but maybe at some point he'll come to the channel. He's also a lawyer and he dedicates himself to finding distressed properties and buying them, I don't know, at 50% of the market value. Of course, a tremendous return.
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