Mike Watson practices what he teaches. When Mike isn’t teaching, he is out INVESTING. Every day, he personally uses the techniques he teaches his many students. Mike and his staff consistently invest in deals in their own market, and often personally partner with Mike's students.
| Power Teams find GREAT Properties |
| |
|
|
 |
|
This month’s Recent Deal is a property on Galveston Island, outside Houston, Texas. Mike Watson is partnering on the 15-acre project with MWI students, Kevin Liu, and Jim Stephens. This great property was actually found by a member of Jim and Kevin’s Power Team! |
| |
|
> more info |
| Highest and Best Use = Big Profits |
| |
|
|
 |
|
The Mike Watson Institute partnered on this property with Wayne Hyatt, an MWI student from Phoenix . This property is a great example of simply finding a property that is not living up to its most dense use or highest and best use. |
| |
|
> more info |
| Finding Hidden Gems on the MLS |
| |
|
|
 |
|
Tim Huyck, a Mike Watson Institute student, was using automated MLS searches and came across 2.22 acres of vacant multi-family land. The current land use/zoning will allow for 32 to 46 units. |
| |
|
> more info |
| Running for Developer of the Year! |
| |
|
|
 |
|
Seller financing was an important factor in the purchase of this property. A lower density condo-conversion also increased property value. |
| |
|
> more info |
| Raw Land Potential! |
| |
|
|
 |
|
Seller financing was an important factor in the purchase of this property. By knowing the seller's needs an early closing was made possible! |
| |
|
> more info |
| Turn FOUR units into TEN! |
| |
|
|
 |
|
This property's highest and best use was hidden – and we found it! What other people saw as only four units, we saw as 10!
|
| |
|
> more info |
| Carry Back The Cash |
| |
|
|
 |
|
The seller agreed to carry back $100,000 until April 2006 with no interest. We had it sold before then and made a $60,000 profit... |
| |
|
> more info |
| Uncover The Hidden Potential |
| |
|
|
 |
|
In less then four months we made a $230,000 profit. All we did was uncover the property's potential with a simple zone change... |
| |
|
> more info |
| Double The Money Cut Out The Work |
| |
|
|
 |
|
We only did preliminary plans to reveal the property's potential. Now it is under contract, and we are selling it for twice what we paid. |
| |
|
> more info |
| A Great Profit In No Time |
| |
|
|
 |
|
Using the Flixer technique, we made the same profit we would have made finishing the project then selling. We were able to profit sooner... |
| |
|
> more info |
| Terms Can Mean A Great DEAL |
| |
|
|
 |
|
The Seller agreed to carry $105,000 for 1 year with no payments or interest due during that time period.... |
| |
|
> more info |
| Get Into The Zone - Then Change It |
| |
|
|
 |
|
The seller accepted a discounted purchase price of $200,000. Mike knew this property could easily change to R-3 zone... |
| |
|
> more info |
| Instant Equity - If It Ain't Broke Flix It |
| |
|
|
 |
|
The owner was anxious to move out because of life issues. We realized a $64,000 return with about 15 hrs of work... |
| |
|
> more info |
| Ask, Ask, Ask, Then Ask Again |
| |
|
|
 |
|
Mike called to inquire about a 4-plex with a “for rent” sign out front, and asked if they were willing to sell the property... |
| |
|
> more info |
|
|
